Why Nvidia Stock Is Sinking Today
Nvidia (NASDAQ: NVDA) stock is getting hit with another round of sell-offs in Monday's trading. The artificial intelligence (AI) hardware leader's share price was down 4.2% as of 11:45 a.m. ET. Meanwhile, the S 500 and the Nasdaq Composite were down 0.5% and 1.4%, respectively. The stock had been down as much as 5.5% earlier in the session.
The broader market is seeing bearish momentum amid concerns about the implementation of new tariffs and related macroeconomic risk factors, and Nvidia's valuation is moving lower due to the pullback. The stock is now down roughly 22% across 2025's trading and 30% from its high.
President Trump said yesterday that his administration will not be offering other countries softer versions of the reciprocal tariffs set to go into effect on April 2. Investors had previously hoped that the president would carve out significant exceptions to the new import taxes on foreign goods, but it seems the administration is poised to take a hardline stance. The tariff outlook has raised fears that the U.S. and other leading global economies could slip into recession this year, and that's prompting big valuation pullbacks for Nvidia and other growth stocks.
Source Fool.com
