Nvidia Corp NVDA and semiconductor stocks Broadcom Inc AVGO, Taiwan Semiconductor Manufacturing Co TSM, Advanced Micro Devices, Inc AMD, Arm Holdings ARM, Micron Technology, Inc MU, Marvell Technology, Inc MRVL, ON Semiconductor Corp ON surged on Monday.
The positive reaction followed the report that Beijing and Washington temporarily agreed to lower tariffs on each other’s products.
The agreement will reduce U.S. levies of 145% on most Chinese imports to 30%, while China’s 125% duties on…
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https://www.benzinga.com/government/regulations/25/05/45352452/why-are-nvidia-and-other-chip-stocks-trading-higher-on-monday
