Tech Stocks Skyrocket with Jack Ma’s AI Breakthrough: Meta, Nvidia Lead the Charge!
With stories about President Trump’s more focused tariff intentions and a new AI discovery from Jack Ma’s Ant Group, tech companies led a Monday advance in the US stock market. To begin the last full week of trading for March, shares of Meta (META) and Nvidia (NVDA) increased 3.7% and 3.1%, respectively, while AMD (AMD) stock increased 6.9%, and the tech-heavy Nasdaq Composite (^IXIC) gained 2.3%.
Trump’s Tariff Shift Sparks Rally, AI Competition Intensifies with Ant Group’s Breakthrough
Following announcements late Sunday that Trump will reduce the number of US trading partners subject to reciprocal tariffs on April 2, the market surged on Monday. According to reports, the government would also restrict certain industry-specific duties that were about to go into place, such as those on chips and automobiles.
Ant Group, the digital giant backed by Jack Ma, has created more affordable AI models, according to news from China early on Monday. These models demonstrate the continuous progress in the AI competition, having been trained on a mix of AMD CPUs and Chinese-made chips.
Speaking at its GTC Conference last week, Nvidia CEO Jensen Huang stated that the advent of less expensive models, such as the most well-known ones proposed by China’s DeepSeek, indicates that the computational requirements for AI are really more than previously believed. Additionally, the US has banned the export of Nvidia’s processors to China. When DeepSeek’s R1 model earlier this year equaled the performance of more expensive AI models, such as those from OpenAI, for a fraction of the price, Nvidia’s shares dropped more than sixteen percent in a single day.
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