From Yahoo Finance: 2025-03-24 16:02:00

Tech stocks surged in the US on Monday, driven by targeted tariff plans and a new AI breakthrough from Ant Group. Meta and Nvidia stocks rose, with Nasdaq Composite gaining. Trump is set to narrow trade partners subject to tariffs, while Ant Group uses cheaper AI models. Nvidia CEO discusses AI computing needs. Nvidia stock fell earlier due to DeepSeek’s AI model. Industry sees potential for deeper AI investments. South Korean AI chip startup rejects Meta’s offer, showing confidence in the AI market. Tech’s role in stock market rally remains strong despite trade news.

Read more: Nvidia, AMD, Meta lead tech stock rally as tariff news, AI breakthroughs boost sector