NVIDIA CEO Jensen Huang gave a keynote speech on January 6, 2025 in 2025 at the Annual Consumer Electronics Trade Fair in Las Vegas, Nevada.
Steve Marcus | Reuters
Nvidia Shares fell nearly 9% on Monday after President Donald Trump confirmed tariffs in Canada and Mexico would take effect on Tuesday.
Chipmakers’ stocks retreated on a bad day in the market. DOW, where NVIDIA is a ingredient, 800 points, i.e. 1.8%, and Nasdaq composite glides over 3%.
NVIDIA shares are now trading at the same price as in September before the U.S. presidential election. The company saved $3 trillion in market cap, worth $2.79 trillion after Monday’s slide dropped from NVIDIA’s valuation.
NVIDIA has dropped by more than 13% since Wednesday Reported revenue This is the highest estimate that analysts have fully estimated. The company’s revenue grew 78% from the same period last year to $39.33 billion.
In NVIDIA’s earnings report, analysts asked about the company’s response to U.S. tariffs.
“At this point, tariffs are an unknown until we know more about what the U.S. government plans are,” NVIDIA head of finance Colette Kress told investors.
NVIDIA’s chips are mainly made in Taiwan, but some of the complex systems and complete computers around its chips are produced in other regions, including Mexico and the United States, and they may be subject to Trump’s 25% liability for Mexico and Canada imports, with tax rates effective Tuesday.
Nvidia Review on Monday Because it exports to Singapore, some analysts see it as a waypoint for shipping the company’s chips to China and bypassing U.S. export controls. Later last week, Singapore officials detained three people for lying in the location where the US-made server finally arrived.
NVIDIA officials do say they will produce chips in new chips at a U.S. semiconductor manufacturing facility Trump announced on Monday.
Last week, investors were eager to hear the company’s perception of the continued AI growth of a handful of large cloud companies, which accounted for about half of NVIDIA’s data center revenue. CEO Jensen Huang said the company solved the problem with its latest chip Blackwell.
“We’re going to have a good quarter in the next quarter,” Huang told CNBC last week. “And we have a pretty good demand for Blackwell.”
watch: Worries about AI, NVIDIA and tariffs trigger the latest market sell-off: HSBC strategist
