Megacap tech stocks experienced a significant rebound today following President Trump’s announcement of a 90-day pause on tariffs. Apple Inc. (AAPL) led the rally with an 11% surge, closing at $189.82 after recovering from a challenging four-day stretch due to tariff pressures. Nvidia (NVDA) jumped 13%, driven by optimism surrounding its AI and semiconductor dominance.
Amazon.com (AMZN) gained 7.5% following the unveiling of its Nova Sonic AI model, boosting investor confidence in its innovation-driven growth strategy. Alphabet (GOOGL), Google’s parent company, rose by 6.4% amid renewed interest in its AI advancements despite earlier bearish forecasts.
This rally highlights investor optimism for tech stocks as tariff tensions ease temporarily. Analysts expect continued volatility but see this rebound as a favorable buying opportunity for long-term investors in the sector.
Source: CNBC, Yahoo Finance, Macrotrends