Tech Advances After Trade-War Truce - Tech Roundup

Dow Jones05-13

Shares of technology companies rallied after a truce in the trade war alleviated fears of rising costs and shrinking markets.

Shares of Apple, which counts China as both a manufacturing partner and major growth market, rose by more than 5%.

Amazon.com, whose budget offerings are often Chinese imports, rose by roughly 8%.

Chip maker Nvidia, whose artificial-intelligence-enabling chips have often been cited by the U.S. in debates over export controls to China, rose by 5%.

Search-engine maker Perplexity is in advanced talks to raise $500 million in a round that values it at $14 billion, according to people familiar with the matter, a sign of increased investor excitement about AI's potential to challenge Google's longstanding dominance over search.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

May 12, 2025 17:20 ET (21:20 GMT)

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