Stocks Surge as Court Blocks Tariffs and Nvidia Fuels AI Optimism – Europe Market Wrap

Stocks climbed, with S&P 500 futures up 1.1%, after a court ruling blocked some of President Donald Trump’s import tariffs and NVIDIA posted another set of blockbuster results.

NVIDIA gained 6% in early trading as Chief Executive Officer Jensen Huang predicted “exponential growth” for the AI computing market. Nasdaq 100 Index futures added 1.6%, with Asian and European shares notching smaller gains. Treasuries fell and the dollar was steady.

The ruling by the US trade court heralded the latest twist for markets that have swung wildly since Trump announced his so-called reciprocal levies at the start of April. In the weeks since, trillions of dollars in market value have been lost and regained amid a flurry of delays, policy reversals and shifting signals over potential trade agreements.

Stocks traders were already in a buoyant mood as Nvidia’s solid sales forecast reignited enthusiasm for artificial-intelligence products, despite a drag from China. Tech stocks led gains in premarket trading.