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It was a bad day for Nvidia [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The chipmaker's shares were down 6.6% during pre-market trading on Thursday morning, less than a day after President Donald Trump announced reciprocal tariffs against U.S. trade partners. At the market open Thursday, Nvidia's shares were down 4.9% — and then fell an additional 1.3% during mid-day trading. The company ended the day down 7.8% at the market close. However, Altimeter Capital chief executive Brad Gerstner told CNBC that he expects Nvidia to fair well amid the Trump administration's new tariffs. “The growth and the demand for GPUs is off the charts,” Gerstner said during an appearance on “Fast Money Halftime Report.” He added that semiconductors are exempted from the tariffs — a “wise exception” — because of the global AI race. Meanwhile, HSBC ( HSBC ) analyst Frank Lee downgraded his rating for the company's stock from “buy” to “hold” on Thursday, citing concerns over Nvidia's ability to continue its strong growth. Lee said Nvidia had previously had strong pricing
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