NVIDIA surged 4.39% on China trade opening signals.

NVIDIA hit an all-time high as CEO Jensen Huang joined Trump's delegation to China, with Xi Jinping signaling wider U.S. business access that could unlock semiconductor exports to roughly 10 Chinese firms. Applied Materials posted record quarterly profit and above-consensus Q3 guidance, validating sustained AI-driven capex in chip manufacturing. Cerebras Systems debuted at roughly $107 billion after surging approximately 89% on its IPO, while Ford jumped 6.63% after Morgan Stanley valued its energy storage business at approximately $10 billion as a potential AI data center supplier, broadening the AI trade well beyond pure-play tech.

Boeing fell 4.71% after China jet order missed expectations.

Trump announced China agreed to buy 200 Boeing jets, well below the 400-plus aircraft the market had anticipated. A U.S. jury also awarded $49.5 million to the family of a 737 MAX crash victim, keeping legal liability in the spotlight. Biogen fell 6.47% after its Alzheimer's drug diranersen missed the primary endpoint of its Phase 2 trial; the company flagged signals at lower doses and committed to Phase 3, but the path to approval and revenue remains long.

Klarna surged 20% on a blowout quarter.

Klarna reported Q1 revenue of $1.01 billion, up 44% year over year, with gross merchandise volume hitting $33.7 billion and a near-breakeven result of negative $0.01 per share versus a consensus loss of $0.18. Analysts say the stock still looks undervalued at a 1.53x price-to-sales ratio. DLO rose 4.03% despite a 10% year-over-year decline in net profit that missed estimates, as investors looked past a one-off tax charge to focus on strong underlying payment volume growth.