"NVIDIA's stock jumped 4.6% due to a new trade deal between the U.S. and China, alleviating some pressures from ongoing trade tensions."
"The recent trade agreement, which includes a 90-day pause on reciprocal tariffs, is a positive sign for NVIDIA, which suffered significant losses during the trade war."
NVIDIA's stock price has increased by 4.6% following the announcement of a trade deal between the United States and China, alleviating some pressures from the trade war that heavily impacted the company. The deal includes a 90-day pause on reciprocal tariffs, although existing tariffs remain in place. NVIDIA has faced challenges, including a $5.5 billion inventory write-down due to a ban on chip exports to China. The positivity around the trade deal signifies potential recovery for NVIDIA and the tech market overall.
Read at 24/7 Wall St.
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