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Hangzhou, China – June 3, 2024 – Nvidia logo and Apple logo depicted in Hangzhou, Zhejiang province, China, June 6, 2024. On June 5, the Eastern Time, the Nvidia stock market exceeded $ 3 trillion, officially exceeding Apple’s market value and becoming the Second World Giant Giant Giant Giant. It should be noted that the Nvidia market value has grown from 2 trillion to $ 3 months over 3 months. (Credit on the photo should read CFOTO/FUTURE PUBLISHING via Getty Images)
Cfoto | Future Edition Gets the image
Global Technology and Chips -action were ralled on Monday after the US and China agreed to pause Most tariffs for each other’s goods.
Technology reserves – for example, semiconductor firms and manufacturers of smartphones – were severely affected, because trade tensions between the two largest economies threatened to break the supply chains and harm some of the largest US enterprises.
But investors sighed with relief after negotiations between the US and China last weekend, paused at the “return” tariffs.
In the USA, Nvidiawhich is still faced with a number of restrictions on chips that are allowed to send to China, approximately 4% higher in the trade of Darget Amd grew by 5%. Broadcom Was also approximately 5% higher, together with Qualcomm.
Other companies in the semiconductor supply chain also jumped. MarvellLast week, the previously planned investor day with macroeconomic uncertainty increased by 7.5% in premart trade.
Taiwan Semiconductor Manufacturing Co.The world’s largest chips, its shares listed in the United States, jumped about 4% in premart. Taiwanese shares were closed before the tariff.
In Europe, AsmlThe supplier of critical equipment required to make the most modern chips rallied 4.5% with early trade. Infinhone was also sharply higher.
Semicists and some electronics received release from President Donald Trump’s mutual tariffs last month, but the United States reported that the fight was temporary and that these products could still be in accordance with special duties.
Investors were concerned about the influence on major technological stocks, especially those who are exposed to China, such as Apple and Amazon, whose shares were under pressure this year.
Applestill does 90% of its iPhones in Chinasaid during the income report this month that expects the tariffs to add 900 million dollars per expense for the current quarter. Apple’s stocks were more than 6% higher.
Amazon On Monday, Monday was more than 8%. Many sellers on Amazon are counting on Chinese products.
Chinese technological promotions listed in the US also grew. Chinese e -commerce giants Alibaba and Jd.com were above, next to the internet -firm Bake.
“With us/China, obviously, on the accelerated path for a broader transaction, we believe that new highs for the market and technological stocks are now on the table in 2025, because investors are likely to focus on the next steps in these trade discussions that will take place in the coming months,” Daniel Jus, Global Technology Research Securities, in the note on Monday.
“This morning is a huge victory for the Bulls and the best scenario this weekend, in our opinion.”
