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Shares of tech companies soared following President Donald Trump's announcement that he will place a 90-day pause on tariffs for countries that have not retaliated against U.S. trade measures. Markets rose on the news, driven<a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty"> higher by tech stocks. </a>
The Details: Technology was the top performing sector in the S&amp;P 500 on Wednesday with the Technology SPDR Select Sector Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) gaining 13.43% in the session. Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), the fund's largest holding, rose 10.13% and its second-largest holding, Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), climbed 15.33% in its best one-day performance since 1998. 
Read Next: <a href="https://www.benzinga.com/25/04/44695907/elon-musk-calls-trump-trade-advisor-peter-navarro-dumber-than-sack-of-bricks-defends-tesla-as-the-most-american-made-cars">Elon Musk Calls Trump Trade Advisor Peter Navarro &#8216;Dumber Than Sack Of Bricks,&#8217; Defends Tesla As &#8216;Most American-Made Cars&#8217;&nbsp;</a>
The sector's top two gainers were both chip stocks, with Microchip Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) up 27.05% and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), which gained 23.82% in the tech-fueled rally. 
Other notable gainers in the sector include Palantir Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), which rose 19% and NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which climbed 18.72% in the session. 
Expert Ideas: Wedbush tech analyst Dan Ives said that<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44721874/trumps-tariff-pause-saves-market-from-edge-of-the-cliff-dan-ives-says-biggest-wild-card-still-remains"> he expects</a> "massive negotiations" to start to pick up and noted China remains the "biggest wild card" for markets.&nbsp;
"For tech stocks, this was much-needed relief and pulls stocks and the market from the edge of the cliff, although China remains the biggest X variable related to Apple and the broader supply chain," Ives said.
Markets <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44720903/nasdaq-100-eyes-strongest-day-since-2008-as-magnificent-seven-add-15-trillion-in-historic-market-rally">shot higher</a> following Trump's announcement, with the tech-heavy Nasdaq 100 posting its best day since January 2001. 
"The market's move upward is violent, and speaks to how badly the market was looking for clarity on this issue," said Chris Brigati, chief investment officer at SWBC.&nbsp;
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Technology Stocks Outperform After Trump's Tariff Pause: Microchip Technology, AMD Lead Sector Higher

Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) on Wednesday announced the new Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud C4D and H4D virtual machines (VMs), which fifth-generation AMD <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44710585/5th-gen-amd-epyc-processors-deliver-leadership-performance-for-google-cloud-c4d-and-h4d-virtual-ma" rel="noreferrer noopener">EPYC processors power</a>.
The latest additions to Google Cloud&#8217;s general-purpose and HPC-optimized VMs deliver leadership performance, scalability, and efficiency, from data analytics and web serving to high-performance computing (HPC) and AI.
Based on Google Cloud&#8217;s testing, leveraging the advancements of the AMD &#8220;Zen 5&#8221; architecture allowed C4D to deliver up to 80% higher throughput/vCPU compared to previous generations.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/25/04/44639271/nvidias-custom-gpu-enhances-nintendo-switch-2-with-ai-features-real-time-ray-tracing-4k-support" rel="noreferrer noopener">Nvidia&#8217;s Custom GPU Enhances Nintendo Switch 2 With AI Features, Real-Time Ray Tracing, 4K Support</a>
AMD SVP Dan McNamara noted that its partnership with Google Cloud enabled it to rapidly adopt the latest AMD EPYC processors and deliver consistent high-performance and cost-efficient instances for its most demanding customers.
Google Cloud VP Mark Lohmeyer noted that C4D and H4D instances powered by AMD EPYC processors can help businesses benefit from advanced performance and efficiency tailored to their cloud-native and enterprise applications.
AMD stock plunged 52% in the last 12 months as it battled with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43788975/amd-closing-competitive-gpu-gap-with-nvidia-gains-market-share-from-intel-in-client-and-server-markets-analyst" rel="noreferrer noopener">for market share</a>.
Wedbush analyst Daniel Ives cited AMD <a target="_blank" href="https://www.benzinga.com/25/04/44698325/trump-tariff-strategy-self-inflicted-market-debacle-says-wedbush-analyst" rel="noreferrer noopener">as among the</a> vulnerable tech companies, including Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia, after China&#8217;s finance ministry announced a 34%&nbsp;tariff on all goods imported&nbsp;from the U.S., effective April 10, in response to the U.S. administration&#8217;s 54% duties imposed by the Trump-led administration.
Jefferies analysts<a target="_blank" href="https://www.benzinga.com/25/04/44662708/top-analyst-ming-chi-kuo-warns-semiconductor-stocks-face-near-term-risks-under-trump-tariff-policy-even-apples-500-billion-us-investment-didnt-buy-it-leniency" rel="noreferrer noopener"> expect the&nbsp;tariffs</a> to continue to put downward pressure on semiconductor stocks, including AMD.
DA Davidson&#8217;s Gil Luria&nbsp;<a target="_blank" href="https://www.benzinga.com/25/04/44641631/trumps-reciprocal-tariffs-threaten-to-derail-big-techs-billion-dollar-ai-infrastructure-plans-analysts-warn-stargate-was-already-unlikely-to-get-to-that-scale" rel="noreferrer noopener">highlighted that companies like</a>&nbsp;Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and&nbsp;Amazon.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) have already begun to scale back their data center investments due to financial uncertainty.
President Trump&#8217;s sweeping new trade tariffs sparked a dramatic sell-off last Thursday. Wall Street witnessed a&nbsp;staggering $2 trillion wiped&nbsp;from market value, with the 10 largest U.S. companies alone accounting for $1 trillion of those losses.
Price Action: AMD stock is up 20.10% at $93.96 at the last check on Wednesday.
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Wall Street roared higher on Wednesday in a dramatic reversal of sentiment, as investors cheered a surprise announcement from President Donald Trump: a 90-day pause on tariffs for countries that have not retaliated <a href="https://www.benzinga.com/topic/tariffs">against U.S. trade measures. </a>
The news ignited a broad risk-on rally, catapulting major indices to multi-month highs and sending volatility plunging.
Trump's latest Truth Social post slammed China for showing &#8220;a lack of respect&#8221; and declared an immediate 125% tariff hike on Chinese goods.
&#8220;At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,&#8221; he said.
He praised the over 75 countries that, in his words, "have not, at my strong suggestion, retaliated in any way, shape, or form." 
As a reward, those countries would benefit from a temporary 10% reciprocal tariff and a 90-day pause on additional duties. 
During a White House press conference, Treasury Secretary Scott Bessent sought to translate the president's fiery rhetoric into market policy terms. 
He described the tariff realignment as a necessary correction to &#8220;decades of imbalances in global trade.&#8221; 
&#8220;The market didn&#8217;t understand Trump&#8217;s maximum level tariffs,&#8221; he said.
Bessent delivered a series of sharp jabs at Beijing. "They sell us five times what we sell them," he said. "It's an own goal by China." He also accused Beijing of exposing itself to the world as "the bad actor," and argued that Trump's move creates the leverage to correct the deficit.
&#8220;They&#8217;ve showed themselves to the rest of the world that they are the bad actor,&#8221; Bessent stated
Regarding the new level of universal tariffs, Bessent said that &#8220;10% is a temporary floor,&#8221; which gives &#8220;more certainty now&#8221;
Equity markets skyrocketed. The Nasdaq 100 – as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) – exploded 10% higher, its strongest session since October 2020.
The S&amp;P 500 jumped 7.6% to above 5,350, while the Dow Jones Industrial Average soared 6.8%, topping 40,000. Small caps joined the party too, with the Russell 2000 climbing 9.1%.
Volatility collapsed, as the CBOE VIX Index plunged more than 27%, reflecting the market's sudden embrace of risk.
Every sector in the S&amp;P 500 traded deep in the green, led by technology and consumer discretionary. 
Within the tech sector, the Magnificent Seven saw explosive gains across the board as investors piled back into mega-cap growth theme:
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<li>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) surged 10.05% to $561.73</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) climbed 8.21% to $383.69. </li>
<li>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) advanced 8.85% to $185.77. </li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rallied an impressive 11.72% to $192.63. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) led the pack with a 16.75% jump to $259.02.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) rose 7.37% to $157.38. </li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) skyrocketed 14% to $110.76.</li>
</ul>
All S&amp;P 500 stocks rallied, with the top performers being United Airline Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), Microchip Technology Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) and SanDisk Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDK#NASDAQ">SNDK</a>), up 22%, 21% and 20%, respectively. 
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Shares of companies in the broader technology sector are trading higher after President Trump issued a 90-day pause on reciprocal tariffs for all countries except China, which is restoring investor confidence.

Wall Street saw a tentative tech rebound early Wednesday, as investors begin to shrug off escalating U.S.-China trade tensions following <a href="https://www.benzinga.com/markets">a steep market selloff.</a>
After the Trump administration announced a dramatic hike in tariffs on Chinese goods to 104% starting Wednesday, Beijing retaliated with an 84% tariff on American products. U.S. Treasury Secretary Scott Bessent defended the aggressive trade stance, claiming the impact would ultimately backfire on China.
President Donald Trump took to Truth Social, writing, &#8220;BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!&#8221; 
He encouraged investors by stating, &#8220;this is a great time to buy, DJT,&#8221; likely referring to Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), rather than the Dow Jones Transportation Index, which has dropped 18% since the tariff news broke.
Yet, broader risk sentiment remains subdued, with investors awaiting either a softer tone from the White House or a signal from the Federal Reserve—though both hopes appear to be fading.
By mid-morning in New York, tech stocks staged a rebound, lifting the Nasdaq 100 by 0.9%. Yet, the S&amp;P 500 and Dow Jones Industrial Average remained flat, while the Russell 2000 continued to underperform.
Meanwhile, U.S. Treasuries were failing to provide their traditional safe-haven support amid heightened uncertainty and volatility.
The 10-year Treasury yield surged 10 basis points to 4.40%, triggering a sharp selloff in medium- and long-dated bonds. The popular iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) dropped 1.8%, extending its three-day slide to 6.6%—its worst performance since March 2020.
Gold prices, on the other hand, soared over 3% to $3,075 per ounce, on track for their strongest daily gain since October 2023.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also advanced, rising 1.4% to $77,289.
<h2 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,243.25</td>
<td>0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>4,980.40</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>37,576.14</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,744.85</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 11:25 a.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.3% up to $498.23.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.1% up to $376.72.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 1% to $420.50.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.9% to $173.58</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 1.6%; the&nbsp;Utilities&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.9%.</li>
</ul>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Performers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>)</td>
<td>38.43</td>
<td>7.11%</td>
</tr>
<tr>
<td>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>82.60</td>
<td>5.62%</td>
</tr>
<tr>
<td>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>18.97</td>
<td>4.62%</td>
</tr>
<tr>
<td>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>231.56</td>
<td>4.37%</td>
</tr>
<tr>
<td>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>)</td>
<td>51.35</td>
<td>4.36%</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>179.89</td>
<td>4.33%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Worst 5 Losers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>)</td>
<td>50.29</td>
<td>-5.24%</td>
</tr>
<tr>
<td>AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>)</td>
<td>167.51</td>
<td>-4.64%</td>
</tr>
<tr>
<td>Alexandria Real Estate Equities, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>)</td>
<td>73.55</td>
<td>-4.41%</td>
</tr>
<tr>
<td>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>33.49</td>
<td>-4.40%</td>
</tr>
<tr>
<td>Incyte Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>)</td>
<td>54.50</td>
<td>-4.34%</td>
</tr>
</tbody>
</table>
</figure>
Read Next: 
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<li><a href="https://www.benzinga.com/government/regulations/25/04/44710975/wall-streets-american-exceptionalism-trade-falters-as-dollar-stocks-bonds-all-slide">Wall Street&#8217;s &#8216;American Exceptionalism&#8217; Trade Falters As Dollar, Stocks, Bonds All Slide</a></li>
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Photo: Ryan DeBerardinis/Shutterstock

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Tech Stocks Rebound As US Treasuries Tumble: What's Driving Markets Wednesday?

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) shares fell 3.37% to close at $141.37 on Tuesday, extending losses in after-hours trading by another 1.89% to $138.70, as investors continued to react to President Donald Trump&#8217;s threat of imposing tariffs as high as 100% if the chipmaker did not build manufacturing plants in the U.S.
What Happened: Speaking at a National Republican Committee dinner Tuesday, Trump claimed his aggressive tariff strategy has already secured major U.S. investments without government subsidies. 
&#8220;TSMC, the biggest, most powerful chip maker in the world&#8230; they&#8217;re spending $200 billion in Arizona building one of the biggest plants in the world, and that&#8217;s without money,&#8221; Trump said. &#8220;All I did is say if you don&#8217;t build your plant here, you&#8217;re going to pay a big tax — 25%, maybe 50%, maybe 75%, maybe 100%.&#8221;
&#8220;This is without that stupid CHIPS Act, where they say, &#8216;Here&#8217;s billions of dollars to a company that doesn&#8217;t need it.&#8217; These chip companies are loaded. They give these companies billions of dollars to build a plant in the United States. They don&#8217;t build them in the United States. They keep the money. It looks good.&#8221; Trump said. 
The semiconductor giant&#8217;s stock has been under pressure amid a broader tech selloff, with Taiwan&#8217;s tech-dominated Taiex index down 23.67% year-to-date.
See Also: <a href="https://www.benzinga.com/25/04/44703811/elizabeth-warren-says-congress-has-power-to-pull-our-economy-back-from-the-brink-as-don-bacon-moves-to-limit-trumps-tariff-power-need-a-handful-of-republicans-not-to-bend-a-knee">Elizabeth Warren Says Congress Has &#8216;Power To Pull Our Economy Back&#8217; From The Brink As Don Bacon Moves To Limit Trump&#8217;s Tariff Power: &#8216;Need A Handful Of Republicans Not To Bend A Knee&#8217;</a>
Why It Matters: Analyst Ming-Chi Kuo warned investors to remain cautious about semiconductor stocks given Trump&#8217;s tariff policies, noting that even Apple Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) substantial $500 billion U.S. investment f<a href="https://www.benzinga.com/25/04/44662708/top-analyst-ming-chi-kuo-warns-semiconductor-stocks-face-near-term-risks-under-trump-tariff-policy-even-apples-500-billion-us-investment-didnt-buy-it-leniency">ailed to shield it from tariff considerations</a>.
Despite Trump&#8217;s persistent criticism of the CHIPS Act, calling it a &#8220;horrible thing,&#8221; his administration recently established the United States Investment Accelerator within the Commerce Department to <a href="https://www.benzinga.com/government/regulations/25/04/44584283/days-after-calling-the-chips-act-a-horrible-thing-donald-trump-sets-up-new-entity-for-negotiating-much-better-deals-heres-more">oversee the program</a>, focusing on &#8220;negotiating much better CHIPS Act deals.&#8221;
TSMC, which supplies chips to major tech companies including Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), has committed to <a href="https://in.benzinga.com/markets/25/03/44486436/tsmcs-165-billion-bet-on-us-chip-manufacturing-raises-alarms-in-taiwan-amid-china-threat-experts-warn-taipei-must-plan-beyond-its-silicon-shield">significant manufacturing investments in Arizona</a>. 
These developments come as the company is reportedly finalizing a 20% stake in a joint venture with Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), which <a href="https://www.benzinga.com/25/04/44640394/tsmc-to-take-20-stake-in-joint-venture-with-intel-amid-us-chipmakers-struggles-with-188-billion-net-loss-in-2024-report">posted an $18.8 billion net loss</a> in 2024.
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Threatened TSMC He'd Impose Up To 100% Tariffs If It Didn't Manufacture Chips In US: 'These Chip Companies Are Loaded'

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Shares of chip stocks are trading lower amid an overall market reversal on US-China trade tensions.

On Friday, China&#8217;s finance ministry announced a 34%&nbsp;tariff on all goods imported&nbsp;from the U.S., effective April 10, in response to the U.S. administration&#8217;s 54% duties imposed by the Trump-led administration during the so-called <a target="_blank" href="https://www.benzinga.com/topic/tariffs" rel="noreferrer noopener">Liberation Day last week</a>.
Trump has&nbsp;threatened to impose an additional 50% duty&nbsp;on Chinese imports if Beijing does not <a target="_blank" href="https://www.benzinga.com/news/global/25/04/44679330/will-trump-impose-higher-tariffs-on-china-crypto-bettors-now-see-an-80-possibility" rel="noreferrer noopener">drop the 34% tariffs</a>.
On Monday, Trump hinted at more openness in trade negotiations with China after threatening to impose a 50% tariff on top of the 54% already levied.
&#8220;China also wants to make a deal badly, but they don&#8217;t know how to get it started,&#8221; <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/04/44686417/wall-street-soars-as-trump-teases-trade-deals-magnificent-seven-add-over-500-billion-in-market-value" rel="noreferrer noopener">Trump wrote</a>.
Wedbush analyst Daniel Ives writes that &#8220;saying we can just make this in the USA&#8221; understates how complex the supply chain in Asia really is—and how electronics, chips, semiconductors, hardware, and smartphones have been built for U.S. consumers over the past 30 years.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/04/44686417/wall-street-soars-as-trump-teases-trade-deals-magnificent-seven-add-over-500-billion-in-market-value" rel="noreferrer noopener">Wall Street Soars As Trump Teases Trade Deals, Magnificent 7 Add Over $500 Billion In Market Value</a>
&#8220;The reason I believe this is the biggest debacle ever seen in the markets is because its purely self-inflicted by Trump, and the logic about &#8220;near-term pain&#8221; is being way miscalculated, which speaks to our concern. It&#8217;s very easy to say &#8220;build in America&#8221; behind a microphone in the Beltway&#8230;the reality is so much different it&#8217;s almost a scary concept,&#8221; says Daniel Ives.
For U.S. tech/auto companies, tariffs are like flipping a boat with no life rafts.
The list of vulnerable companies is long and includes Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), among others.
Building a factory in the U.S. takes four to five years. The analyst explains that high labor costs and other expenses in the U.S. don&#8217;t align with how modern supply chains are designed to operate. This makes it hard to compete with Chinese tech giants like BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Huawei, Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Tencent Holdings Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCTZF#OTC">TCTZF</a>)—and many others—a big opportunity to expand their global reach.
Also, much of the key technology and intellectual property behind these supply chains is already deeply rooted in Asia. So, any effort to shift production to the U.S. would take at least a decade to make a real impact, Wedbush analyst writes.
Read Next:
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</ul>
 Image: Shutterstock

General

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Trump Tariff Strategy Creates 'Self-Inflicted Market Debacle': Analyst

Keybanc analyst John Vinh downgrades Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) from Overweight to Sector Weight.

Downgrades

Keybanc Downgrades Advanced Micro Devices to Sector Weight

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/11/25</td>
<td>$94.00</td>
<td>$34.4K</td>
<td>9.7K</td>
<td>33.7K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/11/25</td>
<td>$77.00</td>
<td>$50.5K</td>
<td>773</td>
<td>4.0K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$160.00</td>
<td>$380.7K</td>
<td>2.1K</td>
<td>3.3K</td>
</tr>
<tr>
<td>IBM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$245.00</td>
<td>$184.2K</td>
<td>3.8K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$100.00</td>
<td>$25.0K</td>
<td>22.8K</td>
<td>1.5K</td>
</tr>
<tr>
<td>BBAI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.50</td>
<td>$34.9K</td>
<td>3.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$80.00</td>
<td>$65.4K</td>
<td>9.3K</td>
<td>884</td>
</tr>
<tr>
<td>ARM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$86.00</td>
<td>$36.2K</td>
<td>355</td>
<td>855</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$65.00</td>
<td>$69.5K</td>
<td>11.2K</td>
<td>766</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$375.00</td>
<td>$238.8K</td>
<td>2.9K</td>
<td>473</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option trade with bearish sentiment. It expires in 4 day(s) on April 11, 2025. Parties traded 100 contract(s) at a $94.00 strike. The total cost received by the writing party (or parties) was $34.4K, with a price of $344.0 per contract. There were 9702 open contracts at this strike prior to today, and today 33762 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option trade that happens to be bearish, expiring in 4 day(s) on April 11, 2025. This event was a transfer of 100 contract(s) at a $77.00 strike. The total cost received by the writing party (or parties) was $50.5K, with a price of $505.0 per contract. There were 773 open contracts at this strike prior to today, and today 4034 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bullish sentiment. It expires in 39 day(s) on May 16, 2025. Parties traded 680 contract(s) at a $160.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $380.7K, with a price of $560.0 per contract. There were 2166 open contracts at this strike prior to today, and today 3338 contract(s) were bought and sold. 
• For IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we notice a put option trade that happens to be bearish, expiring in 74 day(s) on June 20, 2025. This event was a transfer of 68 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $184.2K, with a price of $2710.0 per contract. There were 3854 open contracts at this strike prior to today, and today 1735 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bullish sentiment. It expires in 39 day(s) on May 16, 2025. Parties traded 720 contract(s) at a $100.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $35.0 per contract. There were 22813 open contracts at this strike prior to today, and today 1541 contract(s) were bought and sold. 
• For BBAI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), we notice a call option sweep that happens to be bullish, expiring in 74 day(s) on June 20, 2025. This event was a transfer of 1000 contract(s) at a $4.50 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $34.0 per contract. There were 3447 open contracts at this strike prior to today, and today 1016 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option trade with bullish sentiment. It expires in 165 day(s) on September 19, 2025. Parties traded 62 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $65.4K, with a price of $1055.0 per contract. There were 9346 open contracts at this strike prior to today, and today 884 contract(s) were bought and sold. 
• Regarding ARM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on April 11, 2025. Parties traded 105 contract(s) at a $86.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.2K, with a price of $345.0 per contract. There were 355 open contracts at this strike prior to today, and today 855 contract(s) were bought and sold. 
• Regarding MRVL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), we observe a put option sweep with bullish sentiment. It expires in 39 day(s) on May 16, 2025. Parties traded 46 contract(s) at a $65.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $69.5K, with a price of $1507.0 per contract. There were 11233 open contracts at this strike prior to today, and today 766 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bearish, expiring in 74 day(s) on June 20, 2025. This event was a transfer of 150 contract(s) at a $375.00 strike. The total cost received by the writing party (or parties) was $238.8K, with a price of $1592.0 per contract. There were 2944 open contracts at this strike prior to today, and today 473 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BBAI

10 Information Technology Stocks Whale Activity In Today's Session

AMIX

IVDA

LAZR

Infrared Cameras Holdings, Inc. - Common Stock

MSAI

QCOC

QFIN

QMCO

VIOT

XTKG

Shares of several companies in the technology sector are trading lower as President Trump's announcement of sweeping tariffs continues to rattle global markets and raise uncertainty regarding tech supply chains.

On Monday, analyst Ming-Chi Kuo cautioned that President Donald Trump's tariff policy could pose significant near-term risks to semiconductor stocks, highlighting that even Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://in.benzinga.com/news/25/03/44109824/apples-500b-u-s-investment-analyst-calls-it-completely-unrealistic-questions-where-the-money-will-come-from">$500 billion U.S. investment</a> couldn&#8217;t secure leniency from the administration's aggressive approach.
What Happened: Kuo took to X and expressed concerns about the impact of the Trump administration&#8217;s potential semiconductor tariff policies. 
"I'm taking a cautious stance on the upcoming semiconductor tariff policy under the Trump administration. Investors should stay alert to the near-term risks surrounding semiconductor stocks," Kuo said.
He indicated that the administration's reliance on tariffs as a tool to bring manufacturing back to the U.S. might lead to challenges for semiconductor companies.
Kuo pointed to Apple as a key case study in this context. Despite its substantial efforts to shift its supply chain away from China during Trump's first term and its $500 billion investment in the U.S., Apple did not escape tariffs.&nbsp;
See Also:&nbsp;<a href="https://www.benzinga.com/news/legal/25/04/44620411/mark-zuckerberg-led-meta-set-to-face-truth-at-senate-hearing-over-china-operations-and-communist-party-censorship-efforts" target="_blank" rel="noreferrer noopener">Mark Zuckerberg-Led Meta Set To Face ‘Truth' At Senate Hearing Over China Operations And Communist Party Censorship Efforts</a>
"You'd think such efforts would earn some leniency, but they didn't," Kuo explained.
This raised critical questions about the approach to semiconductor tariffs, particularly for non-U.S. companies. "Have non-U.S. semiconductor companies done more than Apple to reduce their reliance on China in recent years?" Kuo asked. "Have they outpaced Apple in U.S. investments? Do these non-U.S. companies have stronger ties to the U.S. government than Apple?"
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I&#39;m taking a cautious stance on the upcoming semiconductor tariff policy under the Trump administration. Investors should stay alert to the near-term risks surrounding semiconductor stocks. The Trump administration has consistently viewed tariffs as a tool to bring manufacturing…
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1909114544989106565?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In response to a comment asking about the long-term trend of U.S. semiconductor manufacturing, Kuo suggested that while the short-term risks were clear, companies that align strategically with the U.S. could benefit in the long run.&nbsp;
"Winners and losers are another big deal. Before that, can see if the semi companies that invested in U.S. earlier can earn some leniency in the upcoming semi tariffs," Kuo added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Winners and losers are another big deal. Before that, can see if the semi companies that invested in U.S. earlier can earn some leniency in the upcoming semi tariffs.
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1909121287316033639?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Last week, Trump unveiled a new <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44626421/trumps-reign-of-tariffs-unleashes-d-day-on-wall-street-analyst-warns-of-stagflation-risk">wave of reciprocal tariffs</a>. The tariff strategy involved country-specific rates, such as 34% on Chinese goods and 32% on imports from Taiwan, alongside a flat 10% tariff on products from other nations.
However, the White House said that some items, like auto parts and steel, which are already facing separate tariffs, as well as energy and mineral resources not domestically available, would be exempt from this new policy.
Semiconductors also <a href="https://in.benzinga.com/news/global/25/04/44631606/trumps-tariff-exemptions-include-semiconductors-pharmaceuticals-oil-and-more">fall under the exemption list</a>, but according to Jefferies analysts, that&#8217;s likely because Trump is contemplating targeted tariffs for that sector.
While these measures aren&#8217;t directly affecting chips just yet, the analysts warned on Friday that they could still lead to rising costs for electronic devices and tech products that rely on semiconductors, thereby dampening overall demand.
Jefferies believes these tariffs will continue to put downward pressure on semiconductor stocks, including Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)— all of which rely heavily on chip manufacturing from Taiwan Semicndctr Mnufctrng Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Price Action: On Friday, Nvidia shares fell 7.36%, AMD dropped 8.57%, Broadcom (AVGO) slipped 5.01%, and TSMC declined 6.27%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China's DeepSeek For Driving Efficiency, Stresses Apple's ‘Prudent And Deliberate' Approach Toward Capital Expenditure</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Ming-Chi Kuo Warns Semiconductor Stocks Face Near-Term Risks Under Trump Tariff Policy: Even Apple's $500 Billion US Investment Didn't Buy It Leniency

The stock market took a dive, but <a href="https://www.benzinga.com/news/25/03/44132684/cathie-woods-bold-move-8-straight-days-of-buying-beam-therapeutics-as-stock-soars-14">Cathie Wood</a> didn&#8217;t flinch. Instead of retreating, the Ark Invest CEO saw an opportunity and went on a buying spree. According to<a href="https://www.investors.com/news/cathie-wood-ark-invest-coinbase-stock-robinhood-tesla-palantir-amd-coin-hood-tsla-pltr/"> Investor&#8217;s Business Daily</a>, her firm snapped up shares of Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), and more on March 10.
<h2 class="wp-block-heading">Big Bets in a Turbulent Market</h2>
Investor&#8217;s Business Daily said that Ark Invest picked up 79,318 shares of Tesla, valued at $17.62 million based on Monday&#8217;s closing price of $222.15. The firm also acquired 269,864 shares of Robinhood for $9.6 million and 64,358 shares of Coinbase, worth $11.53 million.&nbsp;
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Other buys included 147,551 shares of Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) for $14.26 million, 152,253 shares of Palantir at $11.63 million, and 485,005 shares of Beam Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>), valued at $12.46 million.
It&#8217;s a familiar strategy for Wood, who has built a reputation for &#8220;buying the dip.&#8221; She firmly believes in disruptive innovation and has placed some of her biggest bets on Tesla.&nbsp;
Wood thinks part of the recent demand dip for Tesla could result from broader fears about the economy. In a recent<a href="https://www.ark-funds.com/webinars/mar-2025-fund-webinar?utm_medium=email&amp;_hsmi=353364069&amp;utm_content=353364069&amp;utm_source=hs_email"> Ark Invest webinar</a>, she said, &#8220;Now, clearly, the political dynamics of the last few months are hitting demand; we also would suggest that the economic outlook is hitting demand—not just for Tesla—but for all auto manufacturers.&#8221;&nbsp;
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
Despite the stock&#8217;s 31% decline this year and a growing list of challenges, Wood has maintained a bullish outlook. She told <a href="https://www.bloomberg.com/news/articles/2025-03-25/cathie-wood-sticks-with-tesla-predicts-stock-will-hit-2-600">Bloomberg TV</a> that Tesla&#8217;s price could soar over the next five years.
Tesla has been at the center of controversy for months. Since Elon Musk&#8217;s closer ties with the Trump administration, the electric vehicle company has faced public protests, boycotts, and even vandalism.&nbsp;
Musk&#8217;s role as an advisor to the Department of Government Efficiency has drawn criticism, with some accusing the CEO of shifting the company into politically charged territory.
See Also: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>
The turmoil has had financial consequences. Tesla&#8217;s stock has been on a downward trend, while competitors, particularly China&#8217;s BYD, have continued to gain market share. According to <a href="https://edition.cnn.com/2025/03/20/business/even-used-teslas-are-falling-out-of-favor/index.html">CNN</a>, Tesla vehicles&#8217; resale value has also dropped over the past month.
Amid the backlash, President Donald Trump publicly backed Musk. He said on <a href="https://truthsocial.com/@realDonaldTrump/posts/114141854575248527">Truth Social </a>that he would buy a Tesla, calling it a &#8220;show of confidence&#8221; in the company. The move follows a broader effort by Trump&#8217;s administration to support Tesla.&nbsp;
Commerce Secretary Howard Lutnick, the commerce secretary, encouraged Americans to invest in the company.&nbsp;
&#8220;I think if you want to learn something on this show tonight, buy <a href="https://www.benzinga.com/news/25/03/44209579/unprecedented-slide-tesla-sales-plummet-45-in-europe-as-musks-net-worth-dives-5-2b-in-a-week">Tesla</a>. It&#8217;s unbelievable that this guy&#8217;s stock is this cheap. It&#8217;ll never be this cheap again,&#8221; ​he told Fox News on March 19.
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Personal Finance

BEAM

COIN

HOOD

Cathie Wood Just Made A Bold Move—Why She Spent Over $65M On Tesla, Robinhood, And Coinbase 'As The Market Crashed'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$182.50</td>
<td>$45.8K</td>
<td>31.4K</td>
<td>71.3K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$900.00</td>
<td>$55.5K</td>
<td>8.3K</td>
<td>44.2K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/31/24</td>
<td>$34.00</td>
<td>$99.3K</td>
<td>2.4K</td>
<td>16.2K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$150.00</td>
<td>$293.0K</td>
<td>10.9K</td>
<td>2.6K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$150.00</td>
<td>$95.5K</td>
<td>7.7K</td>
<td>1.9K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$405.00</td>
<td>$37.4K</td>
<td>3.3K</td>
<td>901</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$155.00</td>
<td>$46.3K</td>
<td>9.5K</td>
<td>828</td>
</tr>
<tr>
<td>CFLT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$36.00</td>
<td>$48.0K</td>
<td>141</td>
<td>725</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$850.00</td>
<td>$42.4K</td>
<td>1.8K</td>
<td>525</td>
</tr>
<tr>
<td>AEYE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$25.00</td>
<td>$37.0K</td>
<td>40</td>
<td>241</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 329 day(s) on May 10, 2024. Parties traded 300 contract(s) at a $182.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $45.8K, with a price of $153.0 per contract. There were 31425 open contracts at this strike prior to today, and today 71366 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 329 day(s) on May 10, 2024. This event was a transfer of 30 contract(s) at a $900.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $55.5K, with a price of $1850.0 per contract. There were 8312 open contracts at this strike prior to today, and today 44298 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option sweep with bullish sentiment. It expires in 308 day(s) on May 31, 2024. Parties traded 4778 contract(s) at a $34.00 strike. This particular call needed to be split into 63 different trades to become filled. The total cost received by the writing party (or parties) was $99.3K, with a price of $21.0 per contract. There were 2478 open contracts at this strike prior to today, and today 16231 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option sweep with bullish sentiment. It expires in 287 day(s) on June 21, 2024. Parties traded 888 contract(s) at a $150.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $293.0K, with a price of $330.0 per contract. There were 10944 open contracts at this strike prior to today, and today 2673 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option trade with bullish sentiment. It expires in 259 day(s) on July 19, 2024. Parties traded 500 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $95.5K, with a price of $191.0 per contract. There were 7762 open contracts at this strike prior to today, and today 1972 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option sweep with bullish sentiment. It expires in 329 day(s) on May 10, 2024. Parties traded 50 contract(s) at a $405.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $37.4K, with a price of $750.0 per contract. There were 3335 open contracts at this strike prior to today, and today 901 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option sweep with bearish sentiment. It expires in 287 day(s) on June 21, 2024. Parties traded 50 contract(s) at a $155.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $46.3K, with a price of $927.0 per contract. There were 9505 open contracts at this strike prior to today, and today 828 contract(s) were bought and sold. 
• For CFLT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>), we notice a call option sweep that happens to be bearish, expiring in 287 day(s) on June 21, 2024. This event was a transfer of 687 contract(s) at a $36.00 strike. This particular call needed to be split into 34 different trades to become filled. The total cost received by the writing party (or parties) was $48.0K, with a price of $70.0 per contract. There were 141 open contracts at this strike prior to today, and today 725 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option trade with bearish sentiment. It expires in 322 day(s) on May 17, 2024. Parties traded 20 contract(s) at a $850.00 strike. The total cost received by the writing party (or parties) was $42.4K, with a price of $2122.0 per contract. There were 1802 open contracts at this strike prior to today, and today 525 contract(s) were bought and sold. 
• Regarding AEYE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>), we observe a call option sweep with bearish sentiment. It expires in 196 day(s) on September 20, 2024. Parties traded 130 contract(s) at a $25.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $37.0K, with a price of $285.0 per contract. There were 40 open contracts at this strike prior to today, and today 241 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AEYE

CFLT

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

AMAT

KLAC

LRCX

LSCC

NXPI

Shares of chip stocks are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

President Donald Trump's <a href="https://in.benzinga.com/news/global/25/04/44631606/trumps-tariff-exemptions-include-semiconductors-pharmaceuticals-oil-and-more">new reciprocal tariffs</a> could undermine the billion-dollar AI infrastructure projects being spearheaded by leading tech companies, analysts warn.
What Happened: On Thursday, analysts highlighted the negative impact of the Trump administration's tariffs on technology equipment, which were levied at 34% on China, 32% on Taiwan, and 25% on South Korea, while also imposing a 10% baseline tariff on all imports to the U.S., reported Reuters.
The tariffs threaten to raise the costs of essential hardware used in artificial intelligence infrastructure, such as data centers, servers, and chips.
See Also: <a href="https://www.benzinga.com/markets/25/04/44640656/apple-making-iphones-in-america-a-fantasy-that-sounds-great-behind-the-microphones-says-top-analyst-dan-ives">Apple Making iPhones In America A Fantasy That Sounds Great &#8216;Behind The Microphones,&#8217; Says Top Analyst Dan Ives</a>
&#8220;Capital expenditure by tech giants will get reshuffled,&#8221; said Abhishek Singh, partner at Everest Group. &#8220;Expect major players in AI infrastructure and consumer tech to reallocate short-term spending away from expansion and toward procurement hedging or sourcing shifts.&#8221;
The tariffs are expected to increase the cost of <a href="https://www.benzinga.com/markets/25/02/43908921/microsoft-pulls-plug-on-ai-data-center-leases-says-analyst-oversupply-situation-likely">building data centers</a> in the U.S., potentially delaying large-scale AI projects.
D.A. Davidson analyst Gil Luria pointed out that companies like Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) have already begun to scale back their data center investments due to financial uncertainty.
&#8220;Microsoft has already started articulating a more balanced, cautious approach to their data center build-out,&#8221; Luria noted.
The most high-profile project affected is the $500 billion Stargate venture between Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>), and OpenAI, aimed at building 20 data centers across the U.S.
&#8220;Stargate was already unlikely to get to that scale even before these things happened. Given the shock to the economy that these tariffs represent, it is highly unlikely that such a risky endeavor will be able to raise anywhere near that number in terms of debt financings,&#8221; stated Luria.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: President Trump&#8217;s sweeping new trade tariffs jolted global markets on Thursday, sparking a dramatic sell-off reminiscent of the pandemic-era crashes.
Wall Street witnessed a <a href="https://in.benzinga.com/government/regulations/25/04/44631916/wall-street-wipes-out-2-trillion-apple-eyes-worst-day-since-covid-19-pandemic-oil-plummets-whats-driving-markets-thursday">staggering $2 trillion wiped</a> from market value, with the 10 largest U.S. companies alone accounting for $1 trillion of those losses.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) plunged 9.25%, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 7.81%, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) dropped 8.98%, and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) slid 8.9%.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) declined 5.47%, while Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) lost 8.96%. Alphabet Inc.'s Class A shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) dipped 4.02%, and Class C shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) were down 3.92%, according to <a href="http://pro.benzinga.com/">data from Benzinga Pro</a>.
Photo Courtesy: Jack_the_sparow on Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ORCL

SFTBF

SFTBY

Trump's Reciprocal Tariffs Threaten To Derail Big Tech's Billion-Dollar AI Infrastructure Plans, Analyst Singles Out This OpenAI-Linked Project As Likely To Get Hit

Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is reportedly set to acquire a 20% stake in a new joint venture with Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), aimed at addressing the <a href="https://in.benzinga.com/markets/equities/25/03/44271204/tsmc-proposes-joint-venture-with-nvidia-amd-and-broadcom-to-operate-intels-factories-report">U.S. chipmaker's ongoing struggles</a>, including its $18.8 billion net loss in 2024.
What Happened: Intel and TSMC have reached a preliminary agreement to form a joint venture that will take over the operations of Intel's manufacturing facilities, reported Reuters <a href="https://www.theinformation.com/articles/intel-tsmc-tentatively-agree-form-chipmaking-joint-venture">via</a> The Information. 
TSMC, the world's largest contract chipmaker, will hold a 20% stake in the new venture, the report noted.
See Also:&nbsp;<a href="https://www.benzinga.com/news/legal/25/04/44620411/mark-zuckerberg-led-meta-set-to-face-truth-at-senate-hearing-over-china-operations-and-communist-party-censorship-efforts" target="_blank" rel="noreferrer noopener">Mark Zuckerberg-Led Meta Set To Face ‘Truth' At Senate Hearing Over China Operations And Communist Party Censorship Efforts</a>
Why It Matters: The deal <a href="https://in.benzinga.com/trading-ideas/movers/25/02/43638878/intel-shares-are-up-today-whats-going-on">comes amid pressure</a> from U.S. government officials, including the White House and the Commerce Department, who have pushed both companies to resolve Intel's ongoing manufacturing and customer service challenges. Intel has struggled to manufacture chips for external clients, which has led to delays and failed tests.
Earlier this year, <a href="https://www.benzinga.com/tech/25/03/44298588/lip-bu-tan-got-high-praise-from-tsmc-founder-morris-chang-for-saving-cadence-from-pretty-big-trouble-will-the-magic-work-at-the-new-intel">Intel appointed chip industry</a> veteran Lip-Bu Tan as its CEO to spearhead its revival efforts. Despite these challenges, TSMC has been active in the U.S., with plans for a $100 billion investment in new chip facilities over the next few years.
The new CEO has been <a href="https://in.benzinga.com/25/03/44555938/intels-new-ceo-refuses-to-sugarcoat-the-companys-2024-performance-vows-to-align-spending-with-market-demand">candid about the company&#8217;s challenges</a>, emphasizing the need to align spending with market demand.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Previously, it was reported that the joint venture, which <a href="https://www.benzinga.com/markets/equities/25/03/44271204/tsmc-proposes-joint-venture-with-nvidia-amd-and-broadcom-to-operate-intels-factories-report">could see other companies</a> like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) take stakes, is part of a broader strategy to turn around Intel's fortunes after the company reported a significant loss in 2024.
Meanwhile, TSMC&#8217;s expansion in the U.S. has reportedly raised concerns in Taiwan about the <a href="https://in.benzinga.com/markets/25/03/44486436/tsmcs-165-billion-bet-on-us-chip-manufacturing-raises-alarms-in-taiwan-amid-china-threat-experts-warn-taipei-must-plan-beyond-its-silicon-shield">potential risks associated</a> with such a significant investment abroad.
Price Action: TSMC shares are down 11.55% year-to-date, while Intel has gained 10.93% over the same period. However, over the past 12 months, TSMC is up 20.31%, whereas Intel has plunged 44.38%, <a href="http://pro.benzinga.com/">according to Benzinga Pro</a>.
According to Benzinga's Edge Rankings, Intel holds a growth rating of 3.47%. Curious how TSMC stacks up? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see the full comparison</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/INTC"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03220359/Screenshot-2025-04-04-at-7.33.49%E2%80%AFAM.png" alt="" class="wp-image-856617" /></a></figure>
Photo by Sundry Photography on Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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SMTK

Shares of companies within the broader technology sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

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