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Nvidia, AMD help the chip sector to its highest close since February - MarketWatch

1. U.S.-China trade agreement boosted semiconductor sector and NVDA by 5.4%. 2. Phlx Semiconductor Index rose 7%, achieving its highest close since February. 3. Analysts expect more tariff reductions, potentially triggering further market gains. 4. Nvidia contributed $155 billion to tech stocks' $830 billion market cap gain. 5. Melius analysts highlight fundamentals for Nvidia amidst semiconductor demand surge.

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FAQ

Why Bullish?

The trade deal reduces uncertainty, historically leading to tech sector rallies. Similar past agreements boosted stock prices significantly.

How important is it?

The article discusses tariff reductions and NVDA's significance within tech; both directly impact investor sentiment and pricing.

Why Short Term?

Immediate effects seen with recent NVDA stock gains; market responses likely to persist in the next few weeks.

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