On April 13, 2025, the Nasdaq Composite rose sharply, gaining over 2.5% as tech stocks surged. The announcement of tariff exemptions on products such as smartphones and computers provided a much-needed boost to the sector, which had been grappling with the possibility of higher prices and supply chain disruptions.

Key performers in the tech sector included:

• Apple: Surged by 4.5% after the announcement that smartphones would be excluded from tariffs.
• Nvidia: Gained 3.8%, with investors optimistic about continued growth despite trade tensions.

This rally in tech stocks has helped restore confidence in the market, especially as concerns over global supply chains begin to ease.