Nvidia, Broadcom, AMD Rally as U.S. and China Ease Trade Barrier

Shares of U.S. semiconductor firms climbed on Monday following reports that Washington and Beijing agreed to ease trade restrictions for a limited time, according to a Monday report.

Nvidia (NVDA, Financial), Advanced Micro Devices (AMD, Financial), and Broadcom (AVGO, Financial) rose between 4% to 5% after the U.S. cut import tariffs on Chinese goods to 30% for 90 days. China also reduced duties on American products to 10% while talks to resolve broader trade tensions continue.

The rollback…