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Stockreport

Nvidia stock drops as tech leads markets lower after Trump backs broader reciprocal tariffs [Yahoo! Finance Canada]

NVIDIA Corporation (NVDA)  More Company Research Source: Yahoo! Finance Canada
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Speaking aboard Air Force One on Sunday, Trump said reciprocal tariffs set to be announced on April 2 (which he's dubbed “Liberation Day” will target all countries killing hopes from investors that his trade policy actions would be less aggressive and fueling recession fears Trump's latest comments spurred a sell-off across markets, with US tech stocks leading the way lower and shares of Tesla ( TSLA ), down over 5%, pacing losses among the "Magnificent Seven" tech stocks. Nvidia was already set to feel an impact from Trump's tariffs this week, which are set to impose 25% tariffs on goods from Mexico and Canada as well as the reciprocal tariffs. US trade data shows the US imported $43 billion worth of "computers" — a data classification category that includes data center servers — from Mexico in 2024. Higher prices of those servers could affect demand for those products, and hence, Nvidia's AI chips. NVIDIA Corporation (NVDA) Additional sweeping reciprocal tariffs could fur [Read more]

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