07:37 AM EDT, 04/07/2025 (MT Newswires) -- US President Donald Trump's tariff policy will set back the country's technology sector by a decade "if it stays," Wedbush Securities said in a Monday note.

According to Wedbush, Trump's tariffs are "essentially ripping up a global supply chain overnight with no alternative," potentially slowing growth, hampering capex plans, and damaging companies and consumers globally.

"We reiterate it takes years to build a manufacturing facility in the US, the core IP is in the supply chain in Asia, and the current US labor force/cost structure makes this a costly and Everest-like uphill climb," the investment firm added.

Wedbush said most tech companies, such as Apple ( AAPL ) , are unlikely to issue Q1 projections over the next month amid uncertainties, while Palo Alto Networks ( PANW ) , Zscaler ( ZS ) , CrowdStrike Holdings ( CRWD ) , Check Point Software Technologies ( CHKP ) , and CyberArk Software ( CYBR ) are likely to outperform other subsets of the tech sector.