0810 GMT - The Trump administration's tariff exemption for some tech products leaves the sector in limbo, Jefferies analyst Charles Brennan writes in a note. Tariffs are still higher than at the start of the year and uncertainty remains, he says. Therefore, the decision-making process for companies is unlikely to return to normal, Brennan says. "With the shares trading toward the middle of typical valuation ranges, there is insufficient valuation support to feel confident looking through the macro noise," the analyst says. Shares in Infineon Technologies and STMicroelectronics trade 3.3% and 2.8% higher, respectively. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 04:10 ET (08:10 GMT)
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