Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Marvell Technology (NASDAQ:MRVL), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), and other semiconductor companies rebounded from their Friday selloff amid overall market strength following positive assurances from President Donald Trump over China trade relations.
In a Truth Social post, Trump advised against worrying about China, stating that the situation would be fine. He described President Xi as highly respected but experiencing a temporary setback and emphasized that neither leader wants a depression in China. He added that the U.S. aims to help China, not harm it.
