However, Nvidia just rejoined Apple ( AAPL -0.28%) and Microsoft ( MSFT 0.81%) in the $3 trillion club. Could it even become the first $4 trillion stock by 2026? What did Nvidia do to bounce back? Nothing on its own. To understand the stock's rebound, we need to first understand why it fell in the first place.

US-China trade agreement to reduce tariffs on tech imports boosts Nvidia, Broadcom, TSMC, AMD, Arm, Micron, Marvell, ON Semiconductor stocks.

Nvidia (NVDA) leaped back into the $3 trillion club on Tuesday as its stock shot up following the announcement of a major deal with a state-backed Saudi Arabian AI company. Nvidia shares rose nearly 6% to close just under $130.