US tech stocks rise in overnight trading, SMCI rises 3%, Palantir, Tesla, Nvidia rise 2%, Microsoft, Amazon, Alphabet, AMD, Apple, Meta rise 1%.

US tech stocks rise in overnight trading, SMCI rises 3%, Palantir, Tesla, Nvidia rise 2%, Microsoft, Alphabet, AMD, Apple, Meta rise 1%.

US tech stocks experienced a notable uptick in overnight trading, with several major players showing significant gains. The S&P 500 Semiconductor Index (SMCI) rose by 3% overnight, while stocks of Palantir, Tesla, Nvidia, Microsoft, Alphabet, AMD, Apple, and Meta all saw increases ranging from 1% to 2%.

The overnight rise in US tech stocks comes amidst a backdrop of global market volatility. Recent social media posts from President Donald Trump reignited concerns about global trade tensions, causing stock futures to drop sharply. Trump's comments on Truth Social, which included recommendations for a 50% tariff on the EU and a 25% tariff on iPhones, have added uncertainty to the market. This unpredictability has led to a cautious approach from investors, with many tech stocks, including Nvidia, Microsoft, and Apple, experiencing significant declines in premarket trading.

Despite these concerns, several tech stocks have shown resilience and even gained ground in the overnight session. Palantir, known for its data integration and analysis services, saw a 2% increase in its stock price. Tesla, the electric vehicle and clean energy company, also rose by 2%, while Nvidia, a leading supplier of graphics processing units, saw a 2% gain. Microsoft, Alphabet, AMD, Apple, and Meta all experienced a 1% increase in their stock prices.

The overnight rise in tech stocks can be attributed to several factors. Firstly, the global market volatility has led investors to seek safe havens in tech stocks, which are often seen as resilient in times of uncertainty. Secondly, the recent earnings reports from tech giants have been largely positive, providing a boost to investor confidence. Lastly, the ongoing development and deployment of artificial intelligence technologies continue to drive demand for tech stocks, particularly those involved in AI chip production, like Nvidia.

The overnight gains in tech stocks provide a glimmer of hope amidst the ongoing market volatility. However, investors should remain cautious and closely monitor the geopolitical developments and trade tensions that could impact the global economy and corporate profits.

References:
[1] https://www.financialexpress.com/market/nifty-it-falls-over-1-tech-mahindra-wipro-persistent-among-other-tech-stocks-slide-amid-us-bond-sell-off-3853540/
[2] https://www.thestreet.com/investing/analysts-issue-rare-warning-on-nvidia-stock-before-key-earnings
[3] https://www.investopedia.com/dow-jones-today-05232025-11740754