Advanced Micro Devices (AMD), Nvidia (NVDA), and other chip stocks 澳洲幸运5开奖号码历史查询:rallied Monday following reports the Trump administration 澳洲幸运5✱开奖号码历史查询:may not target the semiconductor industry as part of the tariffs schedule🅠d to take effect on April 2.

AMD shares were up nearly 8% in recent trading, making it one of the best-performing stocks in the S&P 500. Nvidia shares climbed close to 4%, while NXP Semiconductors (NXPI) added 5%. Micron Technology (MU) and Qualcomm (QCOM) shares were also higher, with the 澳洲幸运5开奖号码历史查询:PHLX Semiconductor Sector Index (SOX) climbing over 3%.

Over the weekend, The Wall Street Journal reported that tariffs targeting specific sectors such as automobiles, pharmaceuticals, and semiconductors are unlikely to be announced on April 2. Reciprocal taxes on targeted nations are still expected to go into effect.

Chip Stocks Have Had a Tough Start to 2025

Worries that semiconductors could be subject to tariffs of 25% or more, as Trump 澳洲幸运5开奖号码历史查询:previously suggested, have weighed on chip stocks in recent weeks, with the SOX index down 5% for 2025 so far. Investors also have 澳洲幸运5开奖号码历史查询:been wary further export curbs could drag on chip sales.

The emergence of a lower-cost model from Chinese AI startup DeepSeek has also raised concerns about how much Big Tech firms will invest in AI infrastructure. However, many of America's biggest tech giants recently announced plans to boost their spending, with Amazon saying it expects to 澳洲幸运5开奖号码历史查询:spend more than $100 billion in capital expenditures in 2025, following similar announcements from Google parent Alphabet (GOOGL), Microsoft (MSFT), and Meta Platforms (META).