Nvidia, Other Chip Stocks Rise Premarket After Trump's More Conciliatory Tone on China
Shares of Nvidia and other major U.S. semiconductor stocks are on the rise premarket after President Trump said in a Truth Social post during the weekend that he wanted to help China, not hurt it.
The more conciliatory tone came after Trump said he would hit China with a 100% additional tariff and impose new export controls on critical software products.
Nvidia shares closed 4.9% lower at $183.16 on Friday. Shares were up 3.6% at $189.66 Monday premarket. Advanced Micro Devices closed 7.7% lower on Friday and the stock is up 4.2% Monday premarket. Intel shares closed down 3.8% last week and are up 2.6% premarket.