The future of the U.S.-China tariff war is unclear, but in the next three months, some stocks may benefit more than others.

In fiscal 2025, the company expects its revenue mix with businesses headquartered in mainland China and Hong Kong to be approximately "mid-teens percent" of its worldwide revenue. Micron has a 14.9% net margin, so tariffs would’ve caused hundreds of millions in lost earnings.

The S&P 500 logged its biggest gain in over a month after American and Chinese officials signaled a de-escalation in the trade war between the world’s two largest economies.