Biden’s potential softer tone towards China is positive for Apple, Cisco and others, the analyst says

Apple CEO Tim Cook says he hopes the initiative “will make a big difference” in people’s lives. He also defends Apple’s suspension of Parler from its app store, saying the app could be reinstated “if they get their moderation.”

Ahead of President-elect Joe Biden’s inauguration this week, an analyst believes a potentially softer stance with China could be good for Apple, Cisco and a number of other tech stocks.

In a note to investors, Wedbush Securities analyst Dan Ives said the “biggest political risk” to tech stocks over the past year has been tensions between the US and China, which have put Apple, semiconductors and 5G suppliers at the forefront of the battle. If the Biden administration does not take the same stance towards the most populous country in the world that the Trump administration has had, it could be a “major bullish sign,” Ives said.

“Based on the political platforms, Street’s view appears to be in line with our perspective that a Biden presidency will take a …

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