The S&P 500 has achieved a nine-day winning streak, its longest since 2004, fully recovering from losses incurred after President Donald Trump announced 'liberation day' tariffs on April 2. This rally has erased all losses seen since the tariff announcement, with the index gaining approximately 10% over the nine-day period. The market's recovery was supported by a better-than-expected April employment report, which showed the U.S. economy added 177,000 jobs, surpassing analyst expectations of 133,000. The unemployment rate remained steady at 4.2%, contributing to investor optimism. Amidst the market surge, tech stocks showed mixed results. Microsoft and Meta Platforms led gains in the sector, with Microsoft's stock rising over 10% and Meta's by 9% in the recent week, marking Microsoft's best week since March 2023 and Meta's best since February 2024. In contrast, Apple, Amazon, and Nvidia experienced declines, with Nvidia facing additional pressure due to U.S. export restrictions on its AI chips to China. Nvidia has been actively modifying its AI chip designs to comply with U.S. export rules, aiming to maintain its presence in the Chinese market. The company's CEO, Jensen Huang, visited Beijing to communicate these plans to major Chinese clients like ByteDance, Alibaba, and Tencent. Nvidia plans to offer a new chip sample as soon as June, following the U.S. ban on its H20 chip. The Nasdaq 100 also rallied 10% in two weeks, driven by these developments.