Nvidia shares jumped 4.9% in premarket trading Monday after the U.S. and China agreed to slash most tariffs for 90 days, according to Barron's. The news on tariff talks boosted investor confidence across the semiconductor sector. Intel rose 4%, Marvell gained 8%, and Super Micro climbed 6.5%. Although chips remain exempt from tariffs, Trump’s past threats of levies on foreign semiconductors had fueled uncertainty. Nvidia, which cannot export its most advanced chips to China, has raised GPU prices by up to 25% to offset losses tied to the ban and U.S. production costs. Shares remain up 29% over the past year despite a 13% decline in 2025.
