Big Techs Rise. AMD up 4%; Super Micro, Nvidia, Micron up over 3%; Tesla, Palantir, Oracle up 2%; Apple, Meta up nearly 2%

Big tech stocks rose in premarket trading. AMD up 4%; Super Micro, Nvidia, Micron up over 3%; Tesla, Palantir, Oracle up 2%; Apple, Meta up nearly 2%.

President Donald Trump’s administration signaled openness Sunday to a deal with China to quell fresh trade tensions while also warning that recent export controls announced by Beijing were a major barrier to talks.

Vice President JD Vance called on Beijing to “choose the path of reason” in the latest spiraling trade fight between the world’s two leading economies, claiming that Trump has more leverage if the fight drags on.

“Don’t worry about China, it will all be fine!” Trump wrote on Truth Social.

The remarks from Trump and Vance suggest that the US wants to keep up the pressure on China to reverse its most recent trade moves, while trying to reassure spooked markets that a tit-for-tat escalation isn’t inevitable.

“The recent policy moves suggest a wider range of potential outcomes than appeared to be the case ahead of the last few key US-China meetings,” Goldman Sachs Group Inc. economists including Jan Hatzius and Andrew Tilton wrote in a note.

“The most likely scenario seems to be that both sides pull back on the most aggressive policies and that talks lead to a further — and possibly indefinite — extension of the tariff escalation pause reached in May.”

Stocks, oil and crypto were hammered Friday by the flare-up, which was stoked by a social media post from Trump threatening the US would respond to China’s imposition of export curbs on rare earths and other trade measures. US futures jumped in early Asia trading Monday after Trump’s Sunday comments.

Vance cast it all as an ongoing negotiation.

“It’s going to be a delicate dance, and a lot of it is going to depend on how the Chinese respond,” Vance said on Fox News’s Sunday Morning Futures. “If they respond in a highly aggressive manner, I guarantee you, the president of the United States has far more cards than the People’s Republic of China. If, however, they’re willing to be reasonable,” he said, then the US would, too.

China’s Ministry of Commerce said earlier Sunday the US should stop threatening it with higher tariffs and urged further negotiations to resolve outstanding trade issues.

“Threatening with high tariffs at every turn is not the right way to get along with China,” the Commerce Ministry said. “If the US persists in its own course, China will resolutely take corresponding measures to safeguard its legitimate rights and interests.”