Nvidia Stock Slips. AI Chips Haven't Fully Escaped Trump Tariff Risk. -- Barrons.com
Dow Jones
17:22
By Adam Clark
Nvidia stock was edging down early on Tuesday. The chip maker doesn't look to have fully escaped the threat of tariffs on semiconductors.
Nvidia shares were down 1.1% at $120.13 in premarket trading, while futures tied to the benchmark S&P 500 index were dropping 0.2%. The stock rose 3.2% on Monday.
The previous day's positivity came amid an apparent delay to any threat of levies on imports of semiconductors from Taiwan, where Nvidia's most advanced chips are manufactured.
Sector-specific tariffs -- including on chips -- are now unlikely to be announced on April 2, the day the White House is planning to unveil reciprocal tariff actions, President Donald Trump said on Monday. However, later in the day he also said levies on semiconductors would follow "down the road."
The tariff risk could continue to overshadow healthy demand for Nvidia's newest artificial-intelligence hardware.
Loop Capital analyst Ananda Baruah late Monday said Apple is in the process of placing orders for about $1 billion worth of Nvidia's GB300 NVL72 systems. That equates to about 250 servers at $3.7 million to $4 million each, he said in a client note, according to Investor's Business Daily.
Among other chip makers, Advanced Micro Devices was down 0.6% and Broadcom was falling 0.7% in premarket trading.
Write to Adam Clark at adam.clark@barrons.com
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March 25, 2025 05:22 ET (09:22 GMT)
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