Trump's Middle East trip ignites a frenzy in U.S. tech stocks, with Tesla and NVIDIA emerging as big winners
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Due to the easing of global trade tensions and Trump's visit to the Middle East, U.S. tech stocks performed strongly, with the Nasdaq Composite Index rising 7.15% for the week. Tesla and NVIDIA's stock prices increased by 17% and 16%, respectively. During Trump's visit to the Middle East, NVIDIA plans to sell 18,000 AI chips to Saudi Humain Company, and AMD will also supply chips. The White House announced the establishment of an AI park in collaboration with the UAE, leading to increased market optimism towards tech stocks
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