Advanced Micro Devices, Inc. ( AMD ) shares are moving higher on Monday amid market strength on reports suggesting the U.S. could narrow upcoming tariffs.

What To Know: According to the Wall Street Journal, President Donald Trump and his administration are considering excluding certain sectors from the upcoming April 2 tariffs.

The administration is anticipated to impose a series of reciprocal tariffs on various nations on April 2, which Trump has referred to as “Liberation Day.” Certain sector-specific tariffs on industries like automobiles, pharmaceuticals and semiconductors may now be excluded, however, the specific sectors have not been announced by the White House.

Treasury Secretary Scott Bessent stated that the U.S. is focusing on applying tariffs to approximately 15% of countries with constant trade imbalances with the U.S., a group sometimes referred to as the “dirty 15.” The specific countries have not yet been announced, but the secretary noted that these nations account for most of the U.S.’s foreign trade.

AMD, along with other chip companies, may be trading higher following this news because if the semiconductor industry is excluded from the upcoming tariffs, it could prevent price increases and reduce trade barriers. The sector may also be benefiting from market optimism about narrower-than-expected tariffs.

See Also: Tesla Stock Soars Monday: Could A New Documentary About Elon Musk’s Political Influence Pour Cold Water On Momentum?

AMD Price Action: At the time of writing, Advanced Micro shares are trading 7.18% higher at $114.08, according to data from Benzinga Pro.

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