Nvidia Stock Soars on AI Strength Amid Tariff Uncertainty
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Nvidia's stock surged nearly 4%, leading the Dow Jones rebound after a tariff-driven selloff. The rise boosted other semiconductor stocks and the PHLX Semiconductor Index, with analysts suggesting the AI narrative remains strong despite near-term uncertainty. Super Micro Computer, an Nvidia partner, also saw significant gains, exceeding 10%. The market fluctuated on unconfirmed reports of tariff delays, with President Trump threatening further tariffs on China.
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