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Stock impact report

Could software act as a surprise safe haven in the tariff wars? [Yahoo! Finance]

Carnival Corporation (CCL) 
Last carnival corporation earnings: 4/3 12:51 pm Check Earnings Report
Company Research Source: Yahoo! Finance
But according to Bernstein, the reaction may be more panic than substance. “We would argue that while we understand the reaction we believe it is broadly overstated,” analysts wrote in a note. Directly software is not going to be impacted by the US tariffs or counter-tariffs. The impact will instead be macro-related demand headwinds, and it is even possible “we see a bit of a tailwind to GenAI adoption,” analyst added. Unlike physical goods, software typically isn't subject to tariffs, the firm said. Most software is delivered locally via cloud infrastructure already set up within tax jurisdictions, making tariff enforcement difficult. Even if new digital duties are proposed, they would be “tough to implement,” Bernstein argued. Instead, the real impact is likely to come from macroeconomic headwinds, particularly on smaller businesses, venture-backed firms, and vulnerable verticals. Still, Bernstein sees a potential silver lining, that this would induce a bit of a tailwi Show less Read more
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