Stock Market Today: Nasdaq Rallies 2.7%, Driven by Google, Chip Stocks

Chinese President Xi Jinping engaged in a phone conversation with former U.S. President Donald Trump, discussing key issues such as trade, Taiwan, and Ukraine. This dialogue is notable as it precedes their planned meeting in China in April, highlighting ongoing diplomatic interactions between the two leaders.

Invest Green Acquisition has successfully priced its initial public offering (IPO) at $150 million and is set to list on the Nasdaq, marking a significant milestone for the company as it enters the public market.

Meta and Google are reportedly in discussions regarding a deal for Tensor Processing Units (TPUs) as Google aims to challenge Nvidia's dominance in the AI chip market. This move comes amid increasing competition in the AI sector, where Nvidia has established a significant lead with its advanced GPU technology.

Greenwave Technology has requested a hearing with Nasdaq following delays in its financial filings, which raises concerns about its compliance with the exchange's listing requirements. This request comes amid a challenging market environment for many companies, as seen with other firms facing similar scrutiny from Nasdaq.

Vimeo has been acquired by Bending Spoons US in a cash deal valued at $1.38 billion, resulting in its delisting from Nasdaq. This acquisition marks a significant shift in Vimeo's corporate structure and future direction.

Former President Donald Trump is reportedly planning to propose an extension of subsidies under the Affordable Care Act (ACA), also known as Obamacare, as these subsidies are set to expire soon. This proposal comes amid rising concerns over health insurance premiums affecting millions of Americans enrolled in marketplace plans.

Former President Donald Trump has signed an executive order to establish an AI platform aimed at enhancing scientific research, marking a significant step in the integration of artificial intelligence into governmental and research frameworks. This initiative is expected to streamline processes and foster innovation in various scientific fields.

The Nasdaq experienced a significant rebound, gaining 2.7%, marking its best performance since May, largely driven by strong performances from Alphabet and chip stocks. This surge reflects a renewed investor confidence in the tech sector amidst recent volatility.