Technology Stocks Outperform After Trump's Tariff Pause: Microchip Technology, AMD Lead Sector Higher
The US temporarily suspends some tariffs, leading to a major rebound in gold, Copper, and oil, with the NASDAQ rising over 12%, significant increases in Chinese stocks and the renminbi, and a rise and fall in the yield of ten-year US Treasury bonds.
The Magnificent 7 rose at least nearly 10%, with Tesla up nearly 23%. The ten-year U.S. Treasury yield increased by more than 20 basis points during the session but retraced gains after Trump's speech. Following Trump's announcement of tariffs, the Mexican peso rose over 3% during the session, while the offshore Chinese yuan briefly rebounded over 800 points, breaking 7.35. Bitcoin surged by over 8000 USD, approaching the 0.083 million mark; the session saw gold futures rise over 4%, and copper rose nearly 8%.
Nvidia and AMD Just Helped Chip Stocks to Their Best Day Ever
U.S. stock market close: The Nasdaq surged 12% in a single day, with six of the 'Big Seven' companies seeing double-digit gains.
① Tesla rose over 22%, NVIDIA increased by nearly 19%; ② PHLX Semiconductor Index rose about 19%; ③ Nasdaq Golden Dragon China Index rose by 4.5%; ④ Amazon launched the AI voice model Nova Sonic.
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Shares of Companies in the Broader Technology Sector Are Trading Higher After President Trump Issued a 90-day Pause on Reciprocal Tariffs for All Countries Except China, Which Is Restoring Investor Confidence.
Express News | Shares of Companies in the Broader Technology Sector Are Trading Higher After President Trump Issued a 90-day Pause on Reciprocal Tariffs for All Countries Except China, Which Is Restoring Investor Confidence
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Cost pressure or shared by three parties? Apple is impacted by Trump's tariff policies, prompting a response from the "fruit supply chains."
① Under the new tariff policy of Trump, Apple Inc. may face a sudden increase in costs due to the Global supplier strategy; ② Since April 3rd, Apple and its supply chain stocks have significantly dropped, with the three major A-share supply chain companies falling more than 30%; ③ Several interviewees believe that Apple may address this cost pressure through three aspects: increasing terminal prices, compressing supply chain costs, and bearing the costs itself.
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Social Buzz: Wallstreetbets Stocks Mostly Higher Premarket Wednesday; Strategy, Tesla to Advance