Trump's tariffs are gone: is a tech-led breakout now in play?

For over a year, Big Tech quietly absorbed one of the most disruptive cost pressures in recent memory: import tariffs that snaked through every layer of its supply chain. On Friday, the US Supreme Court pulled the plug. In a 6-3 ruling, Chief Justice John Roberts declared that President Trump’s sweeping tariffs, imposed using emergency economic powers as unconstitutional. Markets didn’t wait for analysis. They reacted instantly, and tech led the charge.​ Alphabet jumped 4%, Meta and Amazon each gained 2%, SanDisk climbed 2.5%, Micron added 1.5%, and Nvidia ticked up 1%. The S&P 500 rose 0.7% on the day.​ How tariffs were quietly bleeding tech To understand the rally, you first need to understand the damage. Tech companies don’t…