Overview

• Nvidia's stock surged nearly 4% on April 7, leading a recovery in semiconductor and AI stocks after a tariff-driven sell-off.
• Super Micro Computer and Rigetti Computing saw significant gains, with Rigetti benefiting from its selection for a Department of Defense quantum computing program.
• The Nasdaq Composite had previously suffered a sharp 6% drop on April 3 due to tariffs imposed by the Trump administration, highlighting ongoing market volatility.
• Semiconductor imports were exempted from the latest tariffs, providing relief for chipmakers like Nvidia and Broadcom, which rely on Taiwan Semiconductor Manufacturing for production.
• President Trump warned of potential additional tariffs against China if it does not withdraw its own measures, fueling uncertainty in trade policy.