Markets opened with a wave of optimism as big tech stocks surged, buoyed by speculation that U.S. trade policy may soon incorporate currency considerations. Meanwhile, the dollar slid in response to the shifting narrative in Washington, giving stocks an extra lift.

Super Micro Computer Soars Again

Super Micro Computer extended its winning streak, jumping another 15% in early trading. This follows a 16% rally just a day earlier, fueled by strong third-quarter earnings. The renewed investor enthusiasm was further boosted by a major investment firm initiating coverage with an “outperform” rating, signaling confidence in the company’s recovery and growth potential.

UnitedHealth Rebounds

Shares of UnitedHealth bounced back, gaining about 2% after a steep decline of nearly 18% the previous day. The fall came after the surprise departure of its CEO and the suspension of the company’s 2025 financial forecast. While uncertainty remains, investors appeared to be cautiously reentering the stock on signs of stability.

Chipmakers Gain on Saudi AI Deals

Nvidia and AMD each saw their stocks climb around 3% after both companies unveiled new partnerships with Saudi firm Humain. The deals aim to develop AI models and expand data center infrastructure, aligning with Saudi Arabia’s push to become a global tech hub. Analysts responded positively, with a major bank raising its price targets for both companies, suggesting these international projects could help offset the impact of regulatory challenges in China.

Rivian Slips on Downgrade

Electric vehicle maker Rivian faced headwinds, with its stock sliding 1% after a downgrade from a major investment bank. The downgrade reflected concerns over softening demand, adding pressure to a company already navigating a crowded EV market.

JD.com Dips Despite Strong Earnings

JD.com delivered better-than-expected first-quarter results, driven by signs of improving consumer sentiment in China. However, its U.S.-listed shares dropped nearly 2%. The dip comes amid analyst concerns that earnings growth may plateau in 2025, particularly due to rising losses in the company’s food delivery division. Some analysts have lowered their price targets, signaling a more cautious outlook moving forward.

As markets adjust to evolving trade policies, executive shake-ups, and new global partnerships, investor sentiment remains dynamic—especially around tech and innovation leaders.