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,
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,
The Nasdaq fell 2.6% Monday after Trump vowed to implement the Canada and Mexico tariffs, as the tech index is down 8.5% from its all-time high set less than two weeks ago.
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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.
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
Dow, S&P 500, and Nasdaq futures are falling in premarket trading Tuesday. The stock market is reacting after President Donald Trump reiterated tariffs threats to Mexico and Canada.
The stock of chipmaker Nvidia (NVDA) declined 9% on March 3 to finish trading at its lowest level in six months and erasing $265 billion from
Nvidia faces continued concerns about potential restrictions on exports of its AI hardware amid reports that advanced chips are reaching China despite U.S. sanctions.
Also in the semiconductor industry, Intel (INTC) gained 1.5% after Nvidia and Broadcom (AVGO) were said to be testing out chip production with the company. Intel was a large recipient of government funding from former President Joe Biden’s CHIPS & Science Act, signed in 2022.
Nvidia shares slid Monday, extending last week's post-earnings losses amid concerns about AI spending and the potential impact of policies on tariffs and AI chip export restrictions.
U.S. stocks plummeted Monday afternoon after President Donald Trump confirmed that blanket tariffs on Canada and Mexico would begin Tuesday. The Dow Jones Industrial Average was down nearly 800 points,
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