Nvidia Leads Big Tech Rebound Following Tariff-Induced Market Losses
Investors grow optimistic about potential trade negotiations as Nvidia and other tech giants recover from $1.8 trillion sell-off.
- Big Tech stocks, including Nvidia, Tesla, and Meta, are rebounding after steep losses caused by President Trump's global tariff plan.
- Nvidia led the recovery with gains of up to 7%, reflecting its relative resilience compared to other hardware-focused companies like Apple.
- The Trump administration's tariff policy includes a baseline 10% tariff on global imports, with additional reciprocal tariffs set to take effect soon.
- Approximately 50% of the revenue for major tech firms comes from overseas, making them highly vulnerable to global trade disruptions.
- Investor optimism is rising on hopes of imminent trade deals, with Treasury Secretary Scott Bessent suggesting quick agreements with key partners are possible.