The answer is **A (It Rallied)**. While physical retailers struggled, the broader AI and Tech sector—Nvidia, AMD, Microsoft—rebounded. Call it the "Immunity Glitch." Investors are betting on a risky, unproven theory: **Deflationary AI**. The thesis assumes Big Tech can use algorithmic efficiency to cut internal operational costs faster than tariffs can raise their material costs. A race between silicon efficiency and bureaucratic inflation.