Apple, SMCI, Nvidia, AMD And Other Tech Stocks Climb In Monday Pre-Market: What's Going On?

The shares of Apple Inc. AAPL, Super Micro Computer Inc. SMCI, NVIDIA Corp. NVDA and Advanced Micro Devices Inc. AMD climbed during the Monday pre-market trading session as the Trump administration offered a tariff reprieve to the tech industry.

What Happened: President Donald Trump has excluded a range of technology products, including certain consumer electronics made in China, from the reciprocal tariffs. The list of exemptions, released by U.S. Customs and Border Protection, effectively reduces the scope of the imposed levies.

The exclusions apply to smartphones, laptops, hard drives, and computer processors and memory chips, shielding them from Trump's proposed 125% tariff on Chinese goods and the baseline 10% global tariff on most other countries. This move provides significant, albeit potentially temporary, relief for global tech giants such as Apple and Nvidia.

The shares of Apple and SMCI climbed 5.37% and 5.31%, respectively, while AMD and Nvidia rose 2.36% and 2.24%, each during the pre-market session.

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Why It Matters: The exclusions were included in the original order to prevent additional tariffs on specific sectors from piling up on top of the nationwide rates. This implies that these products may soon face a different tariff structure, likely a reduced rate for China.

However, this tariff relief could be temporary. This move comes on the heels of President Trump’s announcement that he would reveal the tariff rate on imported semiconductors in the coming week amid an investigation into semiconductors as per Section 232 trade law. According to a report by Reuters, Trump emphasized the desire to manufacture semiconductors domestically, suggesting a potential shift in the administration’s trade policy.

Meanwhile, President Trump emphasized on his Truth Social on Sunday that "NOBODY is getting ‘off the hook'" suggesting that tariffs and levies on tech products are essentially just being shifted to a different category.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.