Why Nvidia Stock Is Skyrocketing Today

Nvidia (NASDAQ: NVDA) stock is soaring in Wednesday's trading. The company's share price was up 14.1% as of 2:10 p.m. ET amid a 7.8% rally for the S&P 500 index and a 10.1% jump for the Nasdaq Composite index.Nvidia's valuation is surging today after President Donald Trump announced a moderation on tariff policy and a 90-day postponement on tariffs. The stock is also getting a boost from news about the company's expanded partnership with Alphabet.In a message posted to Truth Social today, Trump said that he had authorized a 90-day pause on his "reciprocal tariffs" for all countries except China. Instead, the base tariff rate of 10% will apply during the reciprocal tariff pause. On the other hand, Trump also said that the tariff rate on Chinese goods would be raised to 125% -- up from the 104% import tax that went into effect after midnight yesterday. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool