Tech Stocks Rally on Iran Ceasefire

Alphabet, Meta, Amazon, and Nvidia led a tech rally after President Donald Trump announced a two-week ceasefire with Iran. The ceasefire sent U.S. stocks soaring, with chipmakers also experiencing significant gains. Taiwan Semiconductor Manufacturing Co. gained 7%, while ASML, Applied Materials, and Micron rose 9%. The rally was a welcome respite for tech investors, who have been battered by recent market volatility. The ceasefire announcement came after Trump backed down from his threat to escalate the conflict, saying the U.S. would pause fighting and continue negotiations with Iran. The impact of the ceasefire on the tech sector will be closely watched in the coming weeks. With the conflict on hold, investors will be looking for signs of renewed growth and investment in the sector. A key date to watch will be the next earnings season, when tech companies will report their quarterly results and provide guidance on their future prospects.