Chip rally after trade deal: Nvidia benefits from the US-China tariff pause – UBS remains bullish!
The suspension of US tariffs on China is providing market relief and boosting semiconductor stocks like Nvidia – UBS remains at "buy" despite lowering its price target.
Summarized for you
Shares of international technology companies, particularly those in the semiconductor industry, experienced a significant price surge on Monday after the US and China agreed to a temporary suspension of mutual punitive tariffs. The news triggered a wave of relief in the markets and led to significant price increases for US and European chip manufacturers.
UBS lowers price target but remains bullish
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