The recent trade agreement between the U.S. and China has sent ripples across the technology sector, notably boosting tech firms like Apple. The deal involves a temporary reduction of tariffs on each other's goods for a 90-day period, with the U.S. agreeing to lower tariffs to 30% and China to 10%, according to Axios.

Global markets have responded positively to the announcement, with Reuters reporting a surge in U.S. stock futures and international indices. This upbeat market sentiment has translated into significant gains for technology companies, especially those with considerable exposure to China. Apple, for example, has witnessed its shares climb to a 52-week high, as noted by 9to5mac.

This development reflects a renewed confidence among investors as the trade tensions ease, albeit temporarily. However, the 90-day truce means market watchers are still keeping a close eye on further negotiations for a more lasting resolution between the two economic powerhouses.