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Nvidia's Surge Wipes Out S&P 500's 2025 Losses, Tech Bounces Back!

Nvidia's Surge Wipes Out S&P 500's 2025 Losses, Tech Bounces Back!

Date: 2025-05-13 20:23:05 | By Eleanor Finch

Stock Market Soars: S&P 500 Rebounds, Nasdaq Surges, Dow Dips

Hang on to your hats, folks! The S&P 500 just rocketed up 1% on Tuesday, wiping out all its 2025 losses like they never happened. Investors are popping champagne over a wild mix of good news in tech, trade, and inflation.

The Nasdaq Composite? It's not just climbing, it's soaring, up 1.6%! Meanwhile, the Dow Jones Industrial Average took a tumble, dropping 0.64%. Why? Blame it on an 18% nosedive in UnitedHealth shares after their CEO bailed and they threw in the towel on guidance.

What's driving this rollercoaster? None other than Nvidia, jumping a jaw-dropping 6% and hitting a mind-blowing $3 trillion market cap. How'd they do it? By announcing they're shipping 18,000 AI chips to Saudi Arabia. Talk about a power move!

And it's not just Nvidia feeling the love. Other chipmakers like Broadcom and AMD are partying too, each jumping 4% thanks to a global demand surge and AI hype that just won't quit.

But wait, there's more! The Consumer Price Index for April came in cooler than a polar bear's toenails at 2.3% year-over-year, slower than expected and the chillest pace since 2021. That's right, inflation's taking a nap.

Bond traders are now betting on the Federal Reserve slashing rates in September, not June. They're shifting gears faster than a Formula 1 driver.

And hold onto your crypto, because Coinbase stock just went supernova, surging 23.97% and closing at $256.90. That's a $49.68 leap, folks! Why? They just became the first-ever crypto company to join the S&P 500. It's a historic moment for the digital currency world!

Easing Tensions with China

But the party doesn't stop there. The White House dropped a bombshell with a $600 billion investment plan and a 90-day tariff timeout with China. Geopolitical tensions? They're cooling off faster than a hot potato in an igloo.

This chill vibe is boosting major tech stocks like Tesla, up 5%, and Meta, up 3%. Everyone's feeling the risk-on sentiment!

Palantir's not just jumping, it's skydiving, up 9% after a colossal $142 billion U.S.-Saudi defense deal. And Coinbase? It's spiking over 18% on news of its S&P 500 inclusion, signaling what analysts are calling a game-changing turnaround for the crypto industry in a friendlier regulatory playground.

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