Nvidia and Tesla ripped higher this week, boosted by Trump's Middle East tour

(COMBO) This combination of pictures created on January 31, 2025 shows (L) Nvidia CEO Jensen Huang in Las Vegas, Nevada on January 6, 2025, and US President Donald Trump in the Oval Office of the White House in Washington, DC on January 31, 2025. Jensen Huang, CEO of AI chip giant Nvidia, met January 31, 2025 with President Donald Trump as the company suffered a rough week on Wall Street over competition with China and the threat of tariffs on semiconductors. It's been a stellar week for technology stocks thanks to thawing global tensions and President Donald Trump's Middle East jaunt. Tesla and Nvidia jumped 17% and 16%, respectively, this week as tensions eased between the U.S. and China and Trump's Middle East dealmaking tour put tech deals in the spotlight. Both China and the U.S. announced a 90-day pause on tariffs, in a move that signaled a major de-escalation of the sweeping global trade war that has rattled markets since April. During a White House-led visit to the Middle E ... Read full article.