Evercore ISI strategist Sarah Bianchi said the new policies put the effective tariff rate above the level of around 20% set by 1930's Smoot-Hawley Tariff Act.
Evercore ISI is getting bullish on the chip giant despite its recent losses in the wake of developments from Chinese artificial intelligence startup DeepSeek.
Evercore ISI is getting bullish on the chip giant despite its recent losses in the wake of developments from Chinese artificial intelligence startup DeepSeek.