About a year ago, President Trump's

tariffs triggered the biggest stock

market crash since the pandemic. And the

bigger the crash, the bigger the

opportunity. Well, those same tariffs

just got struck down by the Supreme

Court, marking a massive shift in trade

policy that will make some investors

rich and destroy the portfolios of

anyone who's not paying attention. So,

in this video, I'll walk you through

what's actually happening with Trump's

tariffs, what almost all the headlines

are missing, and which stocks are set to

win big as a result. Your time is

valuable, so let's get right into it.

First things first, if you feel confused

about Trump's tariffs and his trade war,

you are not alone. Every major media

outlet is asking way more questions than

they're answering right now. But

confusion can create huge opportunities

for investors, especially the ones who

slow down, figure out what actually

changed and make moves based on data and

policy instead of headlines and hot

takes. That's exactly what this video

will help you do. And I'll break

everything down into four parts. First,

what the Supreme Court just killed and

what it didn't. Second, what this means

for Trump's trade war in general and his

AI strategy specifically. Third, which

companies are most at risk after this

decision. and of course which stocks are

set to win big as a result. There's a

ton to talk about, so let's dive right

into the Supreme Court's decision around

Trump's tariffs. About a year ago,

President Trump declared that unfair

foreign trade practices were a national

emergency. And he used a law called the

International Emergency Economic Powers

Act, or the EA, to slap a 10% tariff on

all countries, plus much higher

reciprocal tariffs on countries where

the US has a big trade deficit. Those

reciprocal tariffs quickly turned into

serious international trade tensions

that triggered the single steepest stock

market drop since the COVID crash with

the S&P 500 and the NASDAQ dropping by

about 20% in a matter of weeks. I

actually made seven separate videos

covering Trump's different rounds of

tariffs, why I thought they wouldn't

last, and the big buying opportunities I

thought they presented. Those videos got

over 3 million views combined, and many

of the stocks in them have more than

doubled in price in the months that

followed. I'm not trying to show off

here. I'm trying to show you the direct

connection between paying attention to

tariffs and getting rich without getting

lucky. Fast forward to this past week in

a six-to3 decision, the Supreme Court

ruled that President Trump overstepped

his authority under the EPA. Basically

saying this emergency law lets the

president regulate imports during a real

national emergency, but it doesn't give

him the power to redesign the whole

tariff system or run a permanent global

tariff program all by himself. That

means most of Trump's reciprocal

tariffs, which hit more than a 100

countries, are now being unwound.

Importers and lawyers are already

scrambling to figure out how to handle

more than $130 billion that were

collected under these tariffs now that

the Supreme Court says they weren't

authorized in the first place. But

here's what almost all the headlines

have been missing. This ruling only

touches tariffs relying on that

Emergency Economic Powers Act. It didn't

strike down Trump's separate national

security tariffs under section 232,

which includes the new 25% tariffs and

compliance rules on specific

semiconductor equipment and AI chips

that took effect in January. Those more

targeted sector specific tariffs are

still in place, and they're the real

lynch pin in Trump's ongoing trade war,

especially for AI and semiconductor

stocks. But here's where things get

really interesting. Trump isn't treating

the Supreme Court loss like the end of

his overall strategy. He's treating it

like a little speed bump and reaching

for different weapons altogether. Within

hours of the ruling, President Trump

went on camera, called the court deeply

disappointing, and announced a brand new

10% global tariff using a different law,

section 122 of the 1974 Trade Act, which

lets him impose up to a 15% baseline

tariff for a limited period without

congressional approval. He also

specifically said that all tariffs

imposed under other laws like the

section 232 national security tariffs I

just mentioned will remain in full force

and effect. Quick update as I'm

recording this video. President Trump

just raised his 10% global tariff all

the way to 15%. Which is the maximum

allowed under the trade act that he's

using to enact it. At the same time, his

team has been quietly shifting the trade

war towards advanced chips and AI

hardware. For example, the Trump

administration imposed a 25% tariff on

more advanced AI accelerators like

Nvidia's H200s and AMD's MI325X

and paired that with new export controls

that effectively take a share of chip

revenues from China. All that is

completely outside the Emergency

Economic Powers Act. So, the Supreme

Court ruling doesn't affect these things

at all. The White House also signed a

semiconductor deal with Taiwan that ties

future tariffs directly to how much

Taiwanese companies invest in US

manufacturing. Chip makers that build

fabs in America can import up to 2.5

times their planned US capacity without

tariffs while the plants are being built

and about 1.5 times that capacity once

they're up and running. Funny enough, if

this policy holds, I think it could make

Taiwanese chip makers overpromise on

their planned capacity and take more

time to complete their US fabs. That

way, they maximize the number of high-v

value chips that they can ship without

paying those tariffs. But either way,

the era of blanket emergency style

reciprocal tariffs is coming to an end.

But the era of targeted AI and

semiconductor tariffs is just getting

started, and that's where the real

market winners and losers start to be

more clear. Speaking of winners and

losers, a new study shows that US

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below today. All right. So, under the

old policy that was just struck down,

almost every product from almost every

country got hit with some version of

President Trump's reciprocal tariffs.

And the higher the US trade deficit with

the country, the higher the tariffs that

country faced. With this new setup, the

extreme deficit-based charges are being

rolled back. and the extra pressure is

now being concentrated on a narrow set

of high-end chips, tools, and supply

chains that Washington is treating as

national security assets. There are two

big reasons this matters to investors.

First, for anything tied to advanced AI

infrastructure like GPUs and custom

accelerators, high bandwidth memory,

advanced packaging, leading edge

foundaries and the machines inside them,

US policy is now focused on pulling more

of that capacity on shore or into

friendly countries even harder than it

was before by using tariffs, export

controls, and targeted deals with allies

like Taiwan. And second, any business

relying on demand from China, low margin

commodity hardware, or generic

electronics that foreign countries can

easily undercut is losing their old

blanket tariff protections, making them

much more exposed to new retalatory

tariffs and brutal price competition.

The overall takeaway for investors is

that Trump's trade war is moving from

tariffs on everything to a filter that

specifically separates AI and

semiconductor companies into two

buckets. those that benefit from these

new policies and the ones at risk

because of them. So, let's talk about

that next, starting with which companies

are most at risk. And if you feel I've

earned it, consider hitting the like

button and subscribing to the channel.

That really helps me out and it lets me

know to make more content like this.

Thanks. Now, let's talk about which

companies these policies hurt the most.

First, any US-listed semiconductor or

hardware companies with outsized China

exposure that aren't treated as national

security assets under these new

policies. Companies like Qualcomm,

ticker symbol QCOM, Marll, MRVL, Western

Digital, WDC, and SanDisk, SNDK, could

have anywhere from 25 to 40% of their

revenues effectively tied to Chinese

OEMs or Chinacentric supply chains. Just

to be clear, I'm not saying these are

bad businesses, but they are more

vulnerable to new Chinese trade

policies, customer reshoring inside

China, and aggressive competition from

Chinese chip and hardware vendors if

tensions continue to escalate. Second,

low margin commodity hardware businesses

that were benefiting from broad tariff

shelters. Think about the Quantas and

Foxcons of the world. Foxcon

manufactures Apple's iPhones and iPads,

Microsoft's Xbox consoles, Amazon's

Kindle devices, and even AI server

equipment for Amazon, Microsoft, and

Meta, all on 2 to 4% margins. And now

those same items are losing their broad

tariff protections, which impacts the

supply chains of every tech company and

product I just mentioned. So, if a

company's competitive edge depends on

demand from China, manufacturing in

China, or other low-cost nations, this

version of President Trump's trade war

is an even tougher environment than the

one that just got overturned. Now, let's

talk about the companies that should

benefit the most from the next phase of

this AI trade war, and [clears throat]

the biggest long-term investing

opportunities as a result. First up are

the AI accelerators and custom chips the

Trump administration is treating as

national security assets. Nvidia and AMD

are front and center here since the 25%

tariff under section 232 literally calls

out chips like Nvidia's H200 and AMD's

MI325X.

The export control rules on these chips

are designed to limit sales to China

while keeping US companies and US allies

well supplied. That combination of

strict limits on China and massive AI

spending in the US is exactly the kind

of setup that lets the strongest chip

vendors keep demand high without having

to slash prices. Second would be the

memory and advanced packaging ecosystem

around those same chips. High bandwidth

memory is already in short supply and

the section 232 actions plus the Taiwan

deal are pushing more of that memory and

packaging capacity into US and allied

fabs instead of China. That's a clear

tailwind for companies like Micron in

the US as well as SKH Highix and Samsung

in South Korea since these companies

make the memory that AI chips can't run

without. Third are the semiconductor

foundaries and equipment makers willing

to make more in the US. Chip

manufacturers like TSMC and Intel are

being subsidized to expand their US

production with tariff rules that get

more generous the more they invest here.

And equipment vendors like ASML, Applied

Materials, Lamb Research, and KLA also

benefit from these buildouts because

every new advanced manufacturing line is

filled with their tools and machines.

All right, so here's how I'm actually

using all this information for my own

portfolio. And as always, this isn't

financial advice. I'm just sharing what

I'm personally doing. Just like last

year, I'm treating tariff headlines as

entry points, not as reasons to panic.

While investors get more fearful around

Trump's new announcements, court

rulings, or responses from China, and

all the AI and semiconductor stocks I

cover sell off with the rest of the

market, that's when I dollar cost

average in even more aggressively into

every layer of the AI stack from Nvidia

and Micron to TSMC and ASML. I'm also

paying close attention to the important

data points that I always talk about

during drawdowns like CNN's fear and

greed index and the S&P 500's volatility

index. If volatility and fear in the

market spike at the same time, that's my

signal to get more greedy. If volatility

stays low and greed stays high, I'll

wait for the next headline. And there

will be a next headline. Remember, this

is an evolving story. President Trump

has already shown that he's willing to

use one legal tool after another to

pressure his trading partners. The US

Congress and other countries are still

responding to this latest decision, as

well as Trump increasing his new global

tariff from 10 to 15%. So, I'll keep

tracking the changes to these tariffs

and trade policies so I can keep you

updated on what they mean for AI and

semiconductor stocks. But hopefully this

video helped you understand what

happened so far. The Supreme Court just

overturned Trump's reciprocal tariffs

under the International Emergency

Economic Powers Act, the ones that hit

more than 100 countries and helped

trigger a 20% drop in the market last

year. President Trump immediately fired

back with a temporary 10% global tariff

under a different law, section 122 of

the 1974 Trade Act. Then just one day

later, he increased that global tariff

to 15%, which is the maximum allowed

under that law. while keeping all the

other tariffs and export controls fully

in place. That includes the section 232

national security tariffs and the China

focused export controls we walked

through in this video. Put together,

that means there's even more pressure on

advanced AI chips and their supply

chains, which Washington DC is treating

as national security assets to move more

production to the US, while blanket

protections for low margin hardware

companies and China dependent revenue

streams are starting to go away. All of

these changes make the core AI stack,

including GPUs and custom accelerators,

high bandwidth memory and advanced

packaging, and the company's moving

fabs, machines, and tools to the US, a

great way to get rich without getting

lucky. And if you want to see what else

I'm investing in to get rich without

getting lucky, check out this video

next. Either way, thanks for watching,

and until next time, this is Tickerol U.

My name is Alex, reminding you that the

best investment you can make is in you.