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🗓️ 9 April 2025
⏱️ 3 minutes
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0:00.0 | In an age of unprecedented disruption and opportunity, success depends on what you do with your data and how fast you do it. |
0:07.1 | This is the era of AI. This is the era of KX. |
0:10.8 | KX, survival of the fastest. |
0:14.7 | Here's your T&B Tech Minute for Wednesday, April 9th. |
0:18.2 | I'm Victoria Craig for the Wall Street Journal. |
0:20.7 | President Trump's decision |
0:21.8 | to pause some tariffs for 90 days sent exuberance through Wall Street today. The tech-heavy |
0:27.4 | NASDAG surged 12 percent, its biggest percentage gain in nearly 17 years. The magnificent seven |
0:34.1 | group of tech stocks, which includes Apple, Alphabet, and Amazon gained nearly |
0:38.7 | $2 trillion in market value today. Two other members of that club also made noteworthy moves. |
0:45.1 | Invidia recorded the biggest one-day market cap gain for any company on record, while Tesla |
0:50.7 | surged more than 22%. Elsewhere, one of Apple's key iPhone makers said today it'll |
0:56.6 | maintain large-scale production in Vietnam and continue exporting devices from there to the U.S. |
1:02.9 | Luxhare precision industries said other major clients are also considering moving their production |
1:07.5 | away from China, that's as a trade spat between the U.S. and China escalates. |
1:12.5 | Luxhare said Vietnam is poised to meet most of the demand for the finished goods |
1:16.2 | destined for America. |
1:17.8 | Executives said moving manufacturing to the U.S. would be extremely difficult due to cost, |
1:23.3 | workforce availability, and lack of a developed supply chain. |
1:28.7 | That China tariff pressure, |
1:33.7 | meanwhile, is already being felt at Amazon. The e-commerce behemoth has canceled some vendor orders from China. That's according to consultants who work with sellers on the platform. |
1:38.6 | Amazon declined to comment directly. Almost half of the company's sales are from products it |
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