Who wins the presidential election and which party overtakes Congress could have some major implications for markets, but the outlook for tech stocks may not be as clear as investors hope. For months, analysts have weighed the prospect of higher corporate taxes if Vice President Kamala Harris were to win the election. They have also considered the impact of potential tariffs proposed by former President Donald Trump.
SOX YTD mountain Semiconductor index year to date Analysts view this as one of the biggest potential risks for the sector that could hit popular names operating in the PC, server and memory chip markets, Arya said. This could include companies such as Advanced Micro Devices , Qualcomm , Nvidia , and Broadcom . Trump has floated a rate of up to 20% on imports across the board and a 60% tariff on imports from China.