Nvidia’s chips are primarily manufactured by TSMC in Taiwan; however, some systems and computers utilizing these chips are produced in other regions, including Mexico.
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Technology shares were the leading losers among S&P 500 sectors as solid earnings reported by Nvidia late Wednesday were offset by President Trump's confirmation that 25% tariffs on Mexico and Canada are on track to go into effect next week,
Nvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada and Mexico will go into effect on Tuesday. The company's shares are now trading at the same price they were in September,
Semiconductor stocks fell sharply on Monday amid worries that companies in China are using workarounds to get the latest offerings from Nvidia (NASDAQ:NVDA) and President Trump's announcement that tariffs will go into effect tomorrow on Canada and Mexico.
This is in response to Trump confirming that the 25% Canada and Mexico tariffs would be going ahead, alongside a furt
Stocks finished sharply lower after President Donald Trump said that Mexico and Canada wouldn't avoid 25% tariffs on imports due to go into effect on Tuesday. Stocks saw a positive start to the week a
The aggressive tariff plans prompted a broader market pullback, as concerns over trade restrictions sent stocks reeling and the Dow plunging more than 600 points.
Nvidia’s chips are primarily manufactured by TSMC in Taiwan; however, some systems and computers utilizing these chips are produced in other regions, including Mexico.
Nvidia, which made $26 billion in a quarter due to data centre demands, is not only a big player in the gaming space but in general computing, with its chips powering servers, robotics, and AI. Though this stock dip is substantial, it's worth noting that Nvidia stock is up 50% from this time last year and up over 400% from just two years ago.
Nvidia faces headwinds as Q4 earnings guidance, cash flow concerns & trade restrictions weigh on stock. Click here to find out why NVDA stock is a Strong Sell.
Nvidia shares fell nearly 9 percent on Monday following US President Donald Trump’s confirmation that tariffs on imports from Canada and Mexico would take effect on Tuesday, according to CNBC.