Reported 1 day ago
Nvidia's stock fell nearly 4% as President Trump announced that reciprocal tariffs would apply to all countries, raising fears of an economic downturn. The tech sector led the market decline, with Nvidia's losses later reduced to just over 1% by the close. The tariffs could impact Nvidia, particularly as a significant portion of its components are imported from Mexico and Taiwan. CEO Jensen Huang indicated that while tariffs might have short-term effects, the company is preparing to move some manufacturing to the US in the long run.
Source: YAHOO