Stocks traded higher Wednesday ahead of an announcement on tariffs, during what President Donald Trump has dubbed “Liberation Day.” The White House said Trump will unveil the tariffs on U.S. trading partners at 4 p.

Google is in advanced talks to rent state-of-the-art Nvidia Blackwell chips for running artificial intelligence from CoreWeave, an upstart cloud provider, according to two people briefed about the situation.

Nvidia (NVDA) stock declined over 3% in premarket trading on Monday, closing the first quarter on a sour note. Investor sentiment weakened amid

Wall Street was optimistic that President Trump term would be more favorable for technology stocks, but the sector has gotten off to a rough start to the year.

The semiconductor sector is cyclical and, given its soaring growth over the last two years, investors seem to be wary about the impact that a recession would have on Nvidia. When March came to a close, the stock finished down 13%, according to S&P Global Market Intelligence.

CoreWeave sells access to Nvidia graphics processors as a service, allowing developers to rent chips by the hour so they can develop more advanced AI models.

CoreWeave is targeting a valuation of up to $32 billion on a fully diluted basis in its U.S. initial public offering, as the Nvidia -backed startup bets on strong demand for generative artificial intelligence.

Tesla stock rises following a report that CEO Elon Musk will soon step away from his government role, Rivian tumbles after first-quarter deliveries drop 36% from a year earlier, and Trump Media falls after a filing seeks to allow a trust headed by President Donald Trump to sell around $2.