Tech Stocks Surge as Tariff Concerns Ease, Nvidia Leads Rally

U.S. stocks surged on Monday, driven by a rally in technology shares, particularly Nvidia and Advanced Micro Devices (AMD), following reports that the Trump administration may exclude certain sectors from upcoming tariffs. The S&P 500 gained 1.75%, closing at its highest in over two weeks, as fears surrounding inflation and economic downturns eased with the potential scaling back of tariffs on semiconductors and other industries. Nvidia saw its shares rise nearly 4%, while AMD climbed nearly 8%, reflecting investor optimism amid easing tariff concerns. Reports indicated that the tariffs set to take effect on April 2 are likely to be more targeted, potentially excluding sectors like semiconductors, which have faced pressure from previous tariff announcements. Additionally, advancements in AI technology, particularly from China's Ant Group, further boosted confidence in the tech sector. Overall, the day's trading reflected a cautious but positive sentiment among investors regarding the stability of technology stocks in light of changing tariff policies and continued investment in AI.