1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
Key Points:
Dhiab calls US tariff uncertainty a major issue for business planningAI infrastructure investment is boosting Nvidia (NASDAQ:NVDA)Software leaders like Salesforce (NYSE:CRM) and ServiceNow (NYSE:NOW) present value opportunities after recent declinesFirms integrating AI into their operations are expected to thrive
Hatem Dhiab from Gerber Kawasaki sees the recent imposition of a new 15% global tariff by President Trump as creating significant uncertainty for US businesses. Dhiab highlights the Supreme Court's clarification that tariffs equate to taxes, arguing that such measures must involve Congress. He adds that this uncertainty hinders business planning, particularly for small businesses, even as the administration contends with steep tariffs like the 10% and 15% under Section 122.
On market trends, Dhiab points to strong projected earnings growth of 14% for the year and enduring momentum into 2026, driven largely by massive infrastructure spending related to artificial intelligence. Nvidia (NASDAQ:NVDA) stands out as a key beneficiary, with Dhiab noting its central role in AI-related investment. While AI is disrupting a broad range of sectors, he suggests that not all software firms are equally affected. Although software-as-a-service companies such as Salesforce (NYSE:CRM) and ServiceNow (NYSE:NOW) have experienced sharp sell-offs, Dhiab sees value opportunities emerging among industry leaders deploying AI meaningfully.
He argues that despite indiscriminate selling in the software sector, firms agile enough to integrate AI and disrupt their own business models will likely survive and thrive. Dhiab singles out Nvidia as exceptionally well-placed, citing ongoing large-scale investment in data centres by leading tech giants, further reinforcing its dominant market position.
