President Trump said at a rally in Pennsylvania on Friday that he is going to double tariffs on steel imports from 25% to 50%. The hike, the president said, "will even further secure the steel industry in the United States.

Nvidia reclaimed its post as the world’s most valuable company after the AI chip king delivered a “great” earnings report despite a “hurdle” from export restrictions to China.

U.S. stocks ended slightly higher on Thursday as shares of Nvidia gained after its quarterly results, while investors digested a late-afternoon court ruling that reinstated the most sweeping of President Donald Trump's tariffs.

President Trump’s signature tariffs declared illegal were immediately spun into a bureaucratic blur, then promptly paused by a federal appeals court. The AI bellwether, Nvidia, delivered strong results that didn’t just clear a high bar, they brought their own.

Stocks are rising on Thursday after a U.S. court blocked many of President Donald Trump’s sweeping tariffs, though the gains got less strong as trading progressed from Asia to New York. The S&P 500 was 0.

Computer chipmaker Nvidia's blockbuster quarterly earnings are boosting investor confidence in the AI revolution and the tech sector at large.

Nvidia ( NVDA) stock dropped as much as 2% Friday morning after US President Trump claimed that China had “totally violated” an agreement with the US. The tech-heavy Nasdaq ( ^IXIC) fell 0.3%, while the S&P 500 ( ^GSPC) was down just 0.1% late Friday morning.

Stock futures moved higher Thursday after a federal court struck down most of the Trump administration's tariffs, while the technology sector rallied following a strong earnings report from AI chipmaker Nvidia.