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Technology giants lead the counterattack! With cooling inflation and easing tariffs, the S&P 500 and Nasdaq staged a "V-shaped reversal" to reclaim losses from 2025.
Under the dual Bullish conditions of a pause in the Global trade war and easing inflationary pressures, the rebound wave led by technology giants has driven the US stock market to turn positive this year.
Chip giants support Saudi Arabia in building AI factories: NVIDIA supplies 0.018 million chips, and AMD is also involved.
NVIDIA will sell more than 18,000 of its latest AI chips to Humain. Humain is also collaborating with AMD, which stated that it will provide chips and software for datacenters "extending from the Kingdom of Saudi Arabia to the USA," with the project costing 10 billion dollars.
U.S. stock market close | Chip stocks supported the S&P to recover all declines this year, NVIDIA rose over 5%; Palantir surged over 8%, reaching a new all-time high.
Chip stocks led by Technology stocks supported the further rise of the two major U.S. stock indices, while the Medical insurance giant UnitedHealth suffered a heavy loss, dragging the other major index, the Dow, down.
Tesla has rebounded more than 50% from its low point this year! Musk: Starlink has been approved by Saudi Arabia, hoping to introduce robotaxis in the future.
Tesla CEO Elon Musk stated at the 2025 Saudi Investment Forum that Starlink has been authorized to provide Aviation and maritime services in Saudi Arabia. Musk also briefly discussed his Other business ambitions in the region, hoping to introduce Tesla's autonomous RoboTaxi service to Saudi Arabia in the future.
Trump again stated: the market will rise much higher, there is no inflation, and the Federal Reserve must cut interest rates.
On Tuesday, as the S&P 500 Index recouped its losses for the year, Trump stated that the market's rise was wonderful and would go much higher. On the same day, Trump cited a weaker-than-expected inflation report released earlier, once again putting pressure on Federal Reserve Chairman Powell, demanding him to cut interest rates.
$1000 Invested In Microsoft 5 Years Ago Would Be Worth This Much Today