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Nvidia & Meta Recover from 'Liberation Day' Dip; Nasdaq Gains 600 Pts in a Week

Nvidia and Meta are among the top tech stocks that have recovered from the dips experienced after Trump's April 2 tariff announcement

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Tech stocks are gaining momentum again with Nvidia, Meta and Microsoft experiencing a sharp rebound from losses made after Trump's April 2 tariff announcement. In the last 5 trading sessions, the Nasdaq composite has gained over 280 points or 3.37%. Wall Street's poster boy, Nvidia, surged over 4.4% during the same period, from $109 to hovering around $114 price level.

Meta and Microsoft, followed a similar course, jumping over 7.4% and 11.12% on Nasdaq, respectively. The US administration dropping hints around striking a trade deal with China coupled with better-than-expected earnings of major tech firms, including Meta and Microsoft, lifted the overall investor sentiment.

“We delivered a strong quarter with Microsoft Cloud revenue of $42.4 billion, up 20% year-over-year driven by continued demand for our differentiated offerings,” said Amy Hood, CFO, Microsoft, stated during the earnings call. What stood out most was the company's stronger-than-expected growth guidance for its cloud business.

"In Azure, we expect Q4 revenue growth to be between 34% and 35% in constant currency driven by strong demand for our portfolio of services. In our non-AI services, we expect focused execution to continue driving healthy growth," she added. Meta's Q1 revenue figure also surged to $42.31 billion, marking a 16% year-on-year increase.

However, concerns over trade tensions remain high.

Turbulent Macros

US GDP took a sharp hit in the first quarter of 2025, contracting to 0.3% as per data released by the US Bureau of Economic Analysis earlier this week. The decline was majorly attributed to surging import levels which jumped over 41%.

Meanwhile, some tech companies are already warning about the effects of Trump's tariff policies, with Apple being the latest to raise the alarm. “We estimate the impact to add $900 million to our costs,” Tim Cook said in a recent earnings call. “This estimate should not be used to make projections for future quarters, as there are certain unique factors that benefit the June quarter,” he added.

The tech giant recorded a revenue of $95.4 billion in the quarter ending March, indicating a marginal 5% year-on-year surge.

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