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Tensions between Israel and Iran had been building, with the United States stepping into the equation and keeping global markets uneasy. The risk of disruption to oil supplies and trade routes had investors on edge. But sentiment shifted after President Donald Trump signaled a pause in military action, hinting that diplomacy might take over, at least for now.
That shift quickly found its way into tech stocks, including NVIDIA Corporation (NVDA). The company isn’t just another chipmaker – it’s the backbone of the artificial intelligence (AI) revolution, powering everything from data centers to advanced computing systems. NVDA’s rally has been powerful, though not without pauses. After flirting with a rare $5 trillion valuation, the stock saw some pullback as concerns around high valuations and heavy AI infrastructure spending kicked in.