Tesla & Amazon Rocket 5% as Wall Street Finally Wipes Sleep from Its Eyes
Mega-caps flex muscle in early trading—because nothing wakes up institutional investors like chasing momentum.
Tesla’s surge coincides with yet another ’production breakthrough’ tweet from Musk—because fundamentals are so 2019.
Amazon joins the party as cloud revenues defy gravity (and basic arithmetic).
Meanwhile, crypto traders yawn—5% moves are Tuesday morning volatility for Bitcoin maximalists.
Amazon, Apple lead Wall Street rally on US-China tariff truce
The pre-market bullishness shifted in the live sessions as Amazon spiked 7%, Alphabet bounced by almost 3%, and Microsoft remained positive but marginally. AMD, Broadcom, and Qualcomm all jumped between 3% and 5%. Marvell rocketed 6.5% as it postponed its investor day last week due to macro uncertainty.
🚀 SHARES OF MEGA CAPS STOCKS RISE
🔸 TESLA $TSLA UP 6%
🔸 NVIDIA $NVDA UP 4%
🔸 Amazon $AMZN UP 7%
🔸 APPLE $AAPL UP 5%
🔸 META $META UP 5% pic.twitter.com/bOWK2rlbqO
— Jesse Cohen (@JesseCohenInv) May 12, 2025
Taiwan Semiconductor’s US-listed shares rose 4% before the opening bell but fell during live trading, and Apple popped over 5%. The IOS giant still manufactures 90% of its iPhones in China and recently warned tariffs would add $900 million to its costs this quarter.
India leads as Asia stocks climb
Asia-Pacific stocks also surged on Monday after the two biggest economies announced a deal that includes a 90-day pause on tariffs and a sharp 115% point drop in reciprocal tariffs. Hong Kong markets led the regional charge, with the Hang Seng Index soaring 3.32% and the Hang Seng Tech Index skyrocketing nearly 6%.
Mainland China’s CSI 300 index also posted a solid gain by rising 1.16%. On the other hand, Indian equities exploded higher while riding a wave of relief after India and Pakistan agreed to a ceasefire over the weekend. The two rivals had been locked in their worst cross-border conflict in nearly 30 years. The Nifty 50 leapt 3.25% and the BSE Sensex climbed 3.12%.
Japan’s Nikkei 225 edged 0.38% higher to end at 37,644.26, with the broader Topix adding 0.31% to 2,742.08. South Korea’s Kospi gained 1.17% to close at 2,607.33, while the Kosdaq moved up 0.4% to 725.40. Australia’s S&P/ASX 200 gave up early gains to finish flat at 8,233.50.
The global crypto market also printed green all the way around as Bitcoin (BTC) managed to trade above $105K but retraced to the $104K zone. BTC price is running high by 10% over the last 7 days. Ethereum is turning the tide back and has added 42% gains in the same period. ETH is trading at an average price of $2,568 as of press time.
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