Tech, semiconductor stocks bounce on tariff optimism, Nvidia jumps 5%

Nvidia CEO Jensen Huang talks onstage with Salesforce CEO Marc Benioff during Salesforce's Dreamforce in San Francisco on Sept. 17, 2024. Technology stocks bounced Tuesday after three rocky trading sessions, spurred by rising optimism that President Donald Trump could potentially negotiate tariff deals with world leaders. Nvidia and Tesla led the Magnificent Seven group's gains, rallying about 5%. Meta Platforms , Amazon , Apple and Microsoft and Alphabet rose about 2%. The sector is coming off a wild trading session after speculation that the White House could potentially delay tariffs fueled volatile swings. Alphabet, Meta Platforms, Amazon and Nvidia finished higher, while Apple, Microsoft and Tesla posted losses. Trump's wide-sweeping tariff plans have sparked violent turbulence over the last three trading sessions. Trading volume on Monday hit its highest in nearly two decades. Technology stocks gyrated after the Nasdaq Composite posted its worst week in five years and the Mag ... Read full article.