Wall Street Wavers as Tech Stocks Shine Amid Tariff Negotiations

U.S. equities fluctuated NEAR record levels as investors weighed geopolitical risks and an unconventional semiconductor deal involving Nvidia. The Dow Jones Industrial Average slipped 0.3% while the S&P 500 edged down 0.2%, though tech stocks demonstrated relative strength following Apple's best week since 2020.

Nvidia's stock reached fresh highs after President Trump confirmed a compromise allowing limited chip sales to China. The agreement permits Nvidia to sell its H20 AI processors to Chinese buyers in exchange for revenue sharing with the U.S. government—a arrangement reportedly extending to AMD as well. "This maintains our technological edge," Trump noted, emphasizing the exclusion of next-generation chips from the deal.

The Nasdaq Composite pared early gains despite recent record closes, reflecting market caution ahead of critical inflation data. Semiconductor stocks remain in focus as the administration balances trade restrictions with domestic industry support.