Tesla, Nvidia Lead Magnificent 7 Stocks Higher as Tech Drives Broad Relief Rally

Shares of Tesla (

TSLA

) soared more than 20% in Wednesday afternoon trading, leading other
Magnificent Seven
members higher amid a broad relief rally as President Trump
announced a 90-day pause
on most of the tariffs his administration announced last week.

The tech sector led the surge, as Tesla’s climb made it one of the top-performing stocks on the
S&P 500
and
Nasdaq
, along with AI chipmaker Nvidia (

NVDA

), which topped the
Dow Jones Industrial Average
gainers with its shares up over 18%.

Overall, the S&P 500 gained 9.5% at Wednesday’s close, the Dow advanced 8%, and the tech-heavy Nasdaq rose by 12%.

Broadcom (

AVGO

), Advanced Micro Devices (

AMD

), Micron Technology (

MU

), Applied Materials (

AMAT

), and other semiconductor stocks were also higher, propelling the PHLX Semiconductor Index (

SOX

) up close to 19%.

Meta Platforms (

META

) jumped close to 15%, while Amazon (

AMZN

) surged 12%, Microsoft (

MSFT

) rose about 10%, and Google parent Alphabet (

GOOGL

) about 10%.

Apple (

AAPL

) shares were over 15% higher after its
worst four-day stretch since 2000
. (Read

Investopedia’s

live coverage of
Wednesday’s market action here
.)

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