The tech sector has seen strong gains since Donald Trump announced a 90-day tariff waiver for some countries, with Apple and Nvidia leading the recovery, with shares jumping more than 10%.
Image source: Tabrez Syed / Unsplash
The tech-dominated Nasdaq Composite Index rose 8% on the news, reversing recent losses. However, Trump also announced plans to raise tariffs on Chinese goods to 125%, creating further uncertainty.
Apple, which suffered its worst four-day decline since 2000 last week, lost its status as the world’s most valuable company to Microsoft, losing $774 billion in capitalization. However, it was able to recoup some of its losses and regain its leadership.
Other tech giants also showed significant growth. Tesla and Nvidia gained more than 13%, Microsoft and Meta
about 8%, Amazon and Alphabet — more than 7%.
The semiconductor sector, which had previously struggled due to fears of slowing demand for electronics, also revived. Although the new tariffs have not yet affected the industry, investors are wary of possible restrictions in the future. AMD (+16%) and Intel (+14%) showed particularly strong growth, while Apple suppliers Qorvo and Skyworks rose by more than 12%. The sector ETF VanEck Semiconductor rose by 10%, confirming the overall trend.