A number of stocks jumped in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.
As tariffs and trade war chatter send shivers down tech's spine, Stephanie Link of Hightower Advisors sees opportunity – especially in software and services names with recurring revenue and minimal exposure to global shocks.
IBM (NYSE: IBM) stock moves higher after unveiling the AI-powered z17 mainframe. Built on the Telum II processor, z17 delivers over 450 billion daily AI inferences with ultra-low latency. Designed for enterprise-grade AI, it supports 250+ use cases, including fraud prevention and healthcare imaging.
IBM has expanded its cloud infrastructure in Canada, launching a new Cloud Multizone Region in Montreal. This upgrade enhances AI scalability and ensures compliance with national data privacy laws.
Intel’s AI accelerators will initially be available in IBM’s Frankfurt and Washington DC cloud regions, with expansion to Dallas scheduled for the second quarter.
Energy stocks dominated Q1 of 2025, while Tech and Consumer Discretionary suffered. Energy giants Chevron and Exxon had solid performances. Some Tech stocks shined.
