Chip Stocks Rally as U.S. and China Pause Tariffs
Global technology and semiconductor stocks surged Monday following news that the U.S. and China reached an agreement to pause most tariffs on each other’s goods.
The development eased investor concerns over trade tensions that have long weighed on the tech sector.
The breakthrough, announced after weekend talks, offers temporary relief for smartphone makers and chip manufacturers whose supply chains have been threatened by escalating levies between the world’s two largest economies.
In U.S. premarket trading, Nvidia rose about 4% at the time of writing, despite ongoing restrictions on some chip exports to China. AMD and Broadcom were both up 5%, while Qualcomm also saw a notable bump. Marvell Technology, which recently postponed an investor event due to macro uncertainty, jumped 7.5%.
Shares of Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s top contract chipmaker, climbed 4% in U.S. trading. TSMC’s Taiwan-listed stock had closed before the tariff news was announced.
Investors are now watching closely to see if the tariff pause leads to a broader trade resolution—or if renewed tensions could resurface.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
