Reported about 11 hours ago
Nvidia's stock dropped nearly 5% in early trading on Monday following President Trump's announcement of new tariffs on imports from China, Mexico, and Canada, which caught investors off guard. The tech sector was already reeling from potential export restrictions on Nvidia chips to China, resulting in a massive sell-off that erased $589 billion from its market cap. Analysts suggest the tariffs could indirectly impact demand for semiconductor products by raising prices on key data processing equipment.
Source: YAHOO