NVDA, AMZN, GOOGL: U.S. Stocks Soar as Trump Dials Back Tariff Threats

NVDA, AMZN, GOOGL: U.S. Stocks Soar as Trump Dials Back Tariff Threats

  • 24.03.2025 22:35
  • markets.businessinsider.com
  • Keywords: Stock Market, Technology Stocks

U.S. stocks are rising as President Trump's reported targeted approach to upcoming tariffs eases fears of broader trade conflict, with technology shares like NVDA, AMZN, and GOOGL leading gains. Treasuries declined amid optimism about reduced tariff impact on global economies.

Amazon ReportsAlphabet ReportsNVDAsentiment_satisfiedAMZNsentiment_satisfiedGOOGLsentiment_satisfied
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Estimated market influence

Nvidia

Nvidia

Positivesentiment_satisfied
Analyst rating: Strong buy

Nvidia's stock is up more than 2% on the day.

Amazon

Amazon

Positivesentiment_satisfied
Analyst rating: Strong buy

Amazon shares are up more than 2% on the day.

Alphabet

Alphabet

Positivesentiment_satisfied
Analyst rating: Buy

Alphabet shares are up more than 2% on the day.

Context

Analysis of Market Trends and Business Insights

Market Performance

  • The yield on the 10-year Treasury rose by 4 basis points to 4.29%.
  • The blue-chip index surged by over 500 points.
  • The Nasdaq index reached its noon level on March 24, 2025.

Industry Impact

  • Technology stocks led the rally, with Nvidia (NVDA), Amazon (AMZN), and Alphabet (GOOGL) each gaining more than 2%.
  • The targeted approach to tariffs is expected to reduce fears of a global trade war and recession.

Competitive Landscape

  • Nvidia's stock has a consensus Strong Buy rating from 42 Wall Street analysts.
  • The average target price for NVDA is $176.54, implying a 45.31% upside from current levels.

Investor Sentiment

  • Investors are shifting back to stocks, reversing the trend of moving to bond safety due to tariff fears.
  • Media reports suggest that Trump's April 2 tariffs will be narrower and more targeted.

Long-Term Effects

  • A more targeted approach to tariffs may prevent broader economic disruptions and support U.S. industrial growth.
  • The reversal of investor sentiment could lead to sustained growth in technology and blue-chip sectors.

Related Stocks Performance

  • Stock A: Price - 167.68, Change - 3.69 (2.25%)
  • Stock B: Price - 203.26, Change - 7.05 (3.59%)
  • Stock C: Price - 121.41, Change - 3.71 (3.15%)

This analysis highlights the significant impact of tariff policy on market dynamics and investor behavior, with technology stocks emerging as key beneficiaries.