Nvidia results pleased investors and eased fears over China tariffs and separately a court ruled President Trump’s tariffs are illegal with the White House vowing to appeal and Elon Musk is officially done with DOGE.

Share prices for Big Tech’s Magnificent Seven and major chipmakers rose on Thursday after a wave of welcome news for investors.

Nvidia (NASDAQ:NVDA) shareholders have more to cheer about as we march closer to its quarterly earnings unveiling scheduled for next week. Undoubtedly, Trump's tariff war has really caused volatility in shares of NVDA to pick up in recent months.

Tesla stock rose Thursday. Elon Musk and trade were driving shares higher. Shares of the electric-vehicle maker added 0.4%, closing at $358.43, while the S&P 500 and Dow Jones Industrial Average rose 0.

Elon Musk's time in Washington, D.C., was an inferno. He was appointed the head of the Department of Government Efficiency (DOGE) as a top advisor to President Donald Trump, though he is not considered an official member of his cabinet — an issue that comes into play later in this story.

Tech billionaire Elon Musk, who was granted special government employee status to lead the Department of Government Efficiency, said Wednesday evening that his time in the Trump administration has come “to an end.

Investors are weighing a court decision that blocked some Trump tariffs, Nvidia's earnings report, and Musk's renewed focus on Tesla.

Nvidia reported over $44 billion in revenue in its first quarter earnings call but had charges tied to exporting restrictions placed on its H20 chip.

As Doug Kass says, there are so many possible social, policy, political, geopolitical and market outcomes these days.