The group of tech stocks known as the Magnificent Seven added more than $830 billion in market capitalization on Monday after the U.S. and China agreed to roll back tariffs on each other for 90 days — keeping fears of a recession at bay for now, according to some analysts.

Under the trade deal, the U.S. will cut tariffs on Chinese goods from 145% to 30%, while China will reduce tariffs on the U.S. from 125% to 10%, for a 90-day period.

Amazon.com Inc.’s stock saw the biggest gain, up 8.1%, while shares of Meta Platforms Inc. rose 7.9% and Tesla Inc. advanced 6.78%. Apple Inc.’s stock gained 6.3%, Nvidia Corp.’s rose 5.4%, Alphabet Inc.’s advanced 3.7% and Microsoft Corp.’s edged up 2.4%. Overall, the Magnificent Seven stocks added $830.9 billion to their collective market cap.

While Amazon’s stock was the biggest gainer, Apple was the biggest contributor to the market-cap gains for the group. Apple’s market cap was up more than $183 billion on Monday, versus $165 billion for Amazon.

Wall Street applauds the latest development on U.S./China trade. The risk-on trade has buoyed the S&P 500 by 3.3% on Monday, fueled by gains in semiconductors, auto manufacturers, and U.S. companies heavily dependent on supply chains out of China.

The news pushed Nvidia market cap hitting the $3 trillion milestone and Tesla’s above the $1 trillion milestone.