Alphabet, Meta, Amazon, Nvidia lead tech rally after Iran ceasefire

U.S. stocks rose Wednesday after President Donald Trump announced a two-week ceasefire with Iran and beat tech names in the rally.

Meta, Amazon, Alphabet And Nvidia He took the first place among the magnificent 7 names.

Chip manufacturers are also on the rise Taiwan Semiconductor Manufacturing Inc. 7% wins and ASML, Applied Materials And Micron 9% explodes.

Lam Research, Western Digital And Seagate all up 10%.

Shortly before the 8pm deadline on Tuesday, Trump backed off his threat that “an entire civilization would die” and said the US would stop the war. He said the United States had received an offer from Iran and the two sides would continue negotiations.

Despite the ceasefire, ship traffic in the Strait of Hormuz has not yet returned to pre-war levels, and Saudi Arabia’s east-west pipeline was hit by a drone hours after Trump’s attack. Real Social post.