Microsoft Corporation (NASDAQ: MSFT) stock rallied over 10% after the Trump administration announced a 90-day pause on its retaliatory tariffs. Prior to the announcement, MSFT stock had hit a 52-week low and was trading at a level not seen since October 2023.
On the one hand, investors who bought the dip were just reacting to the notion that Microsoft was looking too cheap to ignore. On the other hand, some investors are concerned there could be more volatility ahead for technology stocks.
