Technology stocks surged Tuesday, with Apple and Nvidia rallying more than 10% after Trump announced a 90-day pause on tariffs for some countries.

Nvidia (NASDAQ: NVDA) has been one of the hottest stocks in the market since 2023 but has cooled alongside all of the other growth stocks during the latest sell-off. Nvidia has been a top stock because of its involvement in the artificial intelligence (AI) race since its products power much of the training and inference for that technology.

Nvidia Corporation remains a strong investment despite short-term trade war impacts. Read more on our updated look at NVDA stock in the era of tariffs.

Shares were higher again today by as much as 5%. While the stock pared that gain, Nvidia shares have still been on a positive trend since last Friday. Uncertainty around the tariff situation remains, but Nvidia should still be a long-term winner despite the short-term market turbulence.

Nvidia (NASDAQ: NVDA) stock is soaring in Wednesday's trading. The company's share price was up 14.1% as of 2:10 p.m. ET amid a 7.8% rally for the S&P 500 index and a 10.1% jump for the Nasdaq Composite index.

Nvidia has dropped below $100 amid the market rout caused by tariffs but Wall Street analysts see cause for a sharp rebound.