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Nvidia to Make AI Supercomputers Entirely in U.S.
Nvidia, Apple, Tesla, Dell, Nvidia, SMCI, Goldman, Intel, Pfizer: Biggest Movers
Apple and NVIDIA are at the forefront, as Trump launches an investigation, with tariffs on USA chips and Pharmaceuticals "ready to go."
According to reports, the US Department of Commerce announced on Monday that it has begun investigating the impact of imports of "Semiconductors and Semiconductor Manufacturing Equipment" as well as "Pharmaceuticals and Pharmaceutical Ingredients, including finished drugs" on USA National Security. Overnight, Apple and NVIDIA saw their stock prices drop during trading, and by the close, Apple had risen 2.21%, while NVIDIA fell 0.2%.
Trump Opened Pharmaceutical, Semiconductor Tariff Probes April 1
Nvidia's Made-in-the-U.S.A. Move Follows a Familiar Trump Pattern
With the unclear outlook on tariffs, the rise of the US stock market is limited. NVIDIA initially rose 3% before turning down, Ford increased by over 4%, and Chinese concept stocks surged.
Apple rose over 2%; General Motors increased by over 3%; Intel grew nearly 3%. The Chinese concept Index climbed over 3%, Alibaba rose nearly 6%, Xiaopeng Motors increased by over 5%, and PDD Holdings rose nearly 5%. The two-year U.S. Treasury yield dropped more than 10 basis points during trading. The Swiss Franc briefly turned down by over 1%. Spot Gold fell after hitting a new intraday historical high for three consecutive days, at one point dropping over 1%.
