Advanced Micro Devices (AMD), Nvidia (NVDA), and other chip stocks 澳洲幸运5官方开奖结果体彩网:rallied Monday following reports the Trump administration 澳洲幸运5官方开奖结果体彩网:may not tar🐭get the semiconductor indus🍸try༒ as part of the tariffs scheduled to takeಞ 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官方开奖结果体彩网: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官方开奖结果体彩网: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官方开奖结果体彩网: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官方开奖结果体彩网:spend more than $100 billion in capital expenditures in 2025, following similar announcements from Google parent Alphabet (GOOGL), Microsoft (MSFT), and Meta Platforms (META).