For over a year, Big Tech quietly absorbed one of the most disruptive cost pressures in recent memory: import tariffs that snaked through every layer of its supply chain. On Friday, the US Supreme Court pulled the plug. In a 6-3 ruling, Chief Justice John Roberts declared that President Trump’s sweeping tariffs, imposed using emergency economic powers as unconstitutional. Markets didn’t wait for analysis. They reacted instantly, and tech led the charge. Alphabet jumped 4%, Meta and Amazon each gained 2%, SanDisk climbed 2.5%, Micron added 1.5%, and Nvidia ticked up 1%. The S&P 500 rose 0.7% on the day. How tariffs were quietly bleeding tech To understand the rally, you first need to understand the damage. Tech companies don’t…
Trump's tariffs are gone: is a tech-led breakout now in play?
