# stocks soared on Wednesday after President Donald Trump announced a two-week ceasefire with Iran.

*business · news · 2026-04-08 · CNBC*

## Key points

- President Trump announced a two-week ceasefire with Iran, reversing previous threats.
- Meta, Amazon, Alphabet, and Nvidia led gains among the Magnificent 7 tech stocks.
- Taiwan Semiconductor Manufacturing Co. surged 7%, while ASML, Applied Materials, and Micron rose 9%.
- Lam Research, Western Digital, and Seagate each climbed 10% following the ceasefire news.
- The U.S. received a proposal from Iran and will continue negotiations during the ceasefire.

**Companies:** Meta, Amazon, Alphabet, Nvidia, Taiwan Semiconductor Manufacturing Co., ASML, Applied Materials, Micron, Lam Research, Western Digital, Seagate
**Countries:** United States, Iran

[Read the full story on CNBC](https://www.cnbc.com/2026/04/08/alphabet-nvidia-microsoft-tech-stocks-iran-ceasefire.html)

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