Trump Announces Iran Ceasefire, Tech Stocks Rally
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- Trump announced a two‑week ceasefire with Iran, saying the U.S. had received a proposal and would pause fighting.
- Meta shares surged after the company announced its new AI model, Muse Spark.
- Nvidia led the rally among the Magnificent 7 stocks, helping lift the market.
- Taiwan Semiconductor Manufacturing Co. gained 6% as chipmakers rallied.
- Intel added 11% to its share price.
- Microsoft shares fell 23% in Q1, the steepest drop among tech peers, reflecting concerns over its AI strategy.
Why it matters: The rally boosts market valuations for Meta, Nvidia, Alphabet, Amazon and leading chipmakers, delivering immediate price gains, while Microsoft’s steep 23% Q1 loss underscores investor scepticism about AI spending. The ceasefire announcement thus shifts capital toward firms seen as benefiting from reduced geopolitical risk.
