1 Artificial Intelligence (AI) Growth Stock That Could Soar Thanks to Trump's Tariffs

It's a tough time to be an investor right now. New tariff policies from the Trump administration have investors rattled, and the declines seen across the S&P 500 and Nasdaq Composite are becoming more disorienting by the day. As of this writing (April 7), the Nasdaq has dropped by 20% this year while the S&P 500 is down by 14%. Technology companies have been some of the hardest-hit stocks during the sell-off. In particular, once-hot names in the artificial intelligence (AI) sector have become ice cold in just a matter of days.

As a contrarian who primarily invests in the technology sector, I've recently been asking myself, "Are there any technology companies that could actually benefit from Trump's taxes?" I've been giving a lot of thought to software companies in particular. Many software businesses do not import or export physical goods, and so for the most part, tariffs shouldn't hurt their business in a direct way.

While this logic opens the door to a number of interesting opportunities in the software realm, I'm honing in on one specific name. I contend that Trump's tariffs could serve as an unlikely tailwind for data analytics platform Palantir Technologies (NASDAQ: PLTR).

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