Apple (Aapl) and nvidia (Nvda) Directed the “magnificent seven” higher on Monday while investors applauded temporary tariff exemptions from the Trump administration for technological products announced during the weekend.
Customs and the protection of American borders Rules issued Friday evening Exact consumer electronics, networking equipment and IT products, including GPUs and servers from reciprocal rates.
Overall, products represent $ 340 billion in world imports, China representing $ 100 billion in exclusions, Bernstein Stacy Rasgon analyst wrote in an analysis on Monday.
Apple increased up to 6.3% pre-exchange, As the exemptions covered almost all its products – Smartphones, personal computers, tablets, intelligent watches and other accessories, according to Citi Atif Malik analyst.
At the end: April 11 at 4:00 p.m.
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Nvidia’s shares have jumped up to 3%, because new exemptions cover the servers with the GPUs of the manufacturer of chips, imported from Taiwan and China. Many Nvidia servers were already exempt from prices, as the majority of products are shipped from Mexico to the United States and covered by the USMCA. Reciprocal prices in Taiwan are not yet in force.
Amazon (Amzn), Meta (Meta), and Google (Goog) won about 1% early on Monday.
NVIDIA Rival Advanced Micro Devices (Dmla) climbed by 3.9%, while the other manufacturers of bridge fleas (Avo) and Qualcomm (Qcom) increased up to 2%.
At the end: April 11 at 4:00 p.m.
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On April 2, Trump announced the world’s reciprocal prices respectively, including 34% and 46% samples from imports from Taiwan and Vietnam, which came into force on April 9.
Last week, the president Rather announced a 90 -day break on the reciprocal price plan last Wednesday – With the exception of a reciprocal rate of 145% on Chinese imports. Trump also left a global reference rate of 10% from April 5.
Trump on Sunday, however, said technological exemptions were a temporary measureSaying to journalists on the Air Force on Sunday: “The prices will be in place in the not distant future because like steel, as we have done with cars, as we have done with aluminum – which are now fully lit – we will do it with semiconductors, with crisps and many other things”.
“This will take place in the very close future,” said Trump, adding that semiconductor prices will be announced “in next week”.
Wedbush analyst Dan Ives wrote that confusing messaging was a good overall sign for the technology industry, writing in a note to investors late Sunday, “Overall, we consider the dizzying news of the weekend price like a positive step for Apple as well as other technological names that have been able to opt out certain tariff war problems with major technology problems.