Technology tariff exemption
The United States announced reciprocal-tariff exemptions for communications equipment, semiconductor devices, integrated circuits, and other goods.
Apr 12, 2025 · QQQ/SPY Market Review · 4 headlines
Chip tariff exemptions share Saturday focus with AI funding and Tesla pressure
U.S. markets were closed, leaving QQQ and SPY at Friday's regular close. Saturday reports focused on reciprocal-tariff exemptions for communications equipment and semiconductors, Safe Superintelligence's $32 billion valuation and investor backing, used-Tesla listings, and federal spending.
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What shaped the session
AI capital
Safe Superintelligence was valued at $32 billion as Google, Nvidia, and major venture investors backed the startup.
Tesla resale pressure
Used Tesla listings rose 67% from a year earlier, while prices were reported roughly $10,000 below competing electric vehicles.
Federal spending
Federal spending was reported up $154 billion during Trump's second term despite $150 billion in claimed DOGE savings.
Key news
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