Apple, Dell, and Tech Stocks Surge on Tariff Pause

Apple, Dell, and Tech Stocks Surge on Tariff Pause

Tech stocks surge today as the U.S. pauses tariffs on key electronics. Apple (AAPL), Dell Technologies (DELL), and several chipmakers rallied Monday after President Donald Trump exempted smartphones, computers, and semiconductors from the recently announced "reciprocal" tariffs.

The exemption, confirmed by U.S. Customs and Border Protection, is expected to be temporary. Commerce Secretary Howard Lutnick said Sunday that semiconductor tariffs may still go into effect within the next two months.

Apple shares jumped over 4%, rebounding from recent losses. JPMorgan analysts called the move “a big relief,” especially given Apple’s heavy reliance on Chinese manufacturing. They also highlighted Apple’s growing diversification strategy, noting production gains in India and Vietnam across product lines.

Dell shares surged 6%, with analysts underscoring the importance of consumer electronics to U.S. shoppers and the global footprint of major tech brands. Chipmakers including Nvidia (NVDA), AMD (AMD), and Qualcomm (QCOM)also traded higher in response to the news.