Why Nvidia Stock Is Nose-Diving Today
Shares of Nvidia (NASDAQ: NVDA) are plummeting on Thursday. The artificial intelligence (AI) chip giant's stock lost 7.8% as of 1:30 p.m. ET, and was down as much as 9.5% earlier in the day. The steep decline comes as the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 4.9% and 5.1%, respectively.
President Trump's sweeping tariffs have triggered a widespread sell-off in semiconductor stocks, with Nvidia caught in the crossfire as the world responds.
President Trump's Wednesday announcement of extensive tariffs has set off a trade war. The levies were met today with a heavy-handed response from China. Yesterday, there was some hope for Nvidia, as the White House carved out an exemption for raw semiconductors, but it appears this may be temporary. China's response makes it more likely Trump will not keep the exemption in place.
Source Fool.com
