US tech stocks surge in pre-market following US-China trade deal, Tesla rises over 7%, AMD, Amazon, Apple, Nvidia, Meta, Intel rise 4%, Palantir rises 3%, Google, Microsoft rise 2%

US tech stocks surge in pre-market following US-China trade deal, Tesla rises over 7%, AMD, Amazon, Apple, Nvidia, Meta, Intel rise 4%, Palantir rises 3%, Google, Microsoft rise 2%

US tech stocks have seen a significant uptick in the pre-market session following reports of progress in US-China trade talks. The positive sentiment is reflected in the gains across major indices and key tech stocks, including Tesla, AMD, Amazon, Apple, Nvidia, Meta, Intel, Palantir, Google, and Microsoft.

According to Gurufocus [1], US stock futures surged as the US-China trade talks showed substantial progress. The Dow Jones Industrial Average futures increased by 408 points, or 1%, while the S&P 500 and Nasdaq 100 futures climbed 1.1% and 1.3%, respectively. This optimism is likely driven by the positive outlook from the trade talks, which were described as "productive" by US Treasury Secretary Scott Bessant.

Tesla (TSLA) stock jumped over 7% in the pre-market session, pushing shares to their highest level since February. The gains were fueled by general sentiment on trade, with President Trump floating a cut to US tariffs on Chinese imports ahead of the weekend’s negotiations. Tesla shares were up over 5% for the week, and the company is up nearly 15% in the past three weeks [2].

Advanced Micro Devices (AMD) stock rose 4% in the pre-market session, following its Q1 earnings report. The company delivered an outstanding start to the year, with Q1 sales spiking 36% to $7.43 billion compared to $5.47 billion a year ago. CEO Lisa Su highlighted the company’s growth momentum, driven by data center and AI momentum [3].

Other major tech stocks also saw gains in the pre-market session. Amazon (AMZN), Apple (AAPL), Nvidia (NVDA), Meta (META), Intel (INTC), Palantir (PLTR), Google (GOOGL), and Microsoft (MSFT) all rose 4% or more. The broader market optimism, coupled with the positive trade news, has likely contributed to these gains.

Investors are closely watching the trade talks and their potential impact on the economy. The consumer price index data is due soon, which could provide further insights into the market's sentiment. Despite the short-term gains, the long-term performance of these stocks will depend on the ongoing trade negotiations and their impact on the global economy.

References:
[1] https://www.gurufocus.com/news/2852007/us-stock-futures-surge-as-uschina-trade-talks-show-progress
[2] https://finance.yahoo.com/news/tesla-stock-jumps-to-highest-levels-since-february-poised-for-3rd-straight-week-of-gains-175403136.html
[3] https://www.theglobeandmail.com/investing/markets/stocks/NVDA-Q/pressreleases/32302036/buy-the-spike-in-amd-stock-after-q1-earnings/