Last week saw how panicked Wall Street was after all stocks fell so fast. Just as fast as the tears and sniffles of investors who were sad to see all the stocks falling due to tariffs and all of Trump's announcements.
But today, investors can smile when stocks from technology companies began to make a very amazing 'comeback'. As they say, it's a 'chef kiss'!
In just two days, technology giants such as Tesla, Nvidia and Amazon have managed to add $455 billion to their market value just with a 'sympathetic' statement from Trump who said that the 145% tariff on Chinese imports was "too high" and would "come down significantly."
Even more moved when Trump even promised to have a "very good" relationship with China in order to reach trade negotiations, giving great hope to technology companies to step forward again due to the previous fall.
The result?
Tesla rose more than 5% after Elon Musk announced he would reduce his time with the Trump administration while Nvidia, Meta, Amazon jumped almost 4%.
Not to be outdone are Apple, Google, Microsoft which also climbed the ladder up by up to 2%.
But don't get too comfortable. Trump said the tariff exemption on electronics is only temporary.
If tariffs are reimposed, Big Tech may slip again and this time it may go straight into a 'sinkhole'.
