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Nvidia Stock Runs Out of Steam After Tariff Rally. But There's Good News
The seven giant technology stocks fell, reversing Wednesday's gains.
Tesla and NVIDIA led the decline among the seven tech giants, as the Sector pulled back after a dazzling surge on Wednesday. As investors prepared for a potential long-lasting Global trade tension, the U.S. stock market fell overall. The U.S. stocks experienced a stunning reversal on Wednesday afternoon after President Donald Trump announced a suspension of some of the most severe tariff measures, driving the S&P 500 Index to its largest single-day gain since 2008. This rally resulted in an average wealth increase of 3.5% for the 500 richest people globally. Among the seven tech giants, Tesla fell by 6.5%, NVIDIA by 6.4%, and Meta fell.
Amazon CEO: AI Is Key to Staying 'Competitive' as Company Takes On Nvidia -- Barrons.com