Shares of Nvidia (NVDA) moved lower this week as investors weigh ongoing tariff uncertainties against strong artificial intelligence (AI) demand. While President Donald Trump’s April 2 “reciprocal” tariffs may not immediately target semiconductors from Taiwan, where Nvidia’s advanced chips are manufactured, his comments that chip levies would follow “down the road” continue to create market tension.
The tariff concerns come as Loop Capital reports that Apple (AAPL) is placing approximately $1 billion in orders for Nvidia’s GB300 NVL72 systems. This represents 250 servers priced between $3.7 million and $4 million each. The recent order signals a healthy demand for Nvidia’s newest AI hardware despite the potential trade headwinds. Other semiconductor stocks, like Advanced Micro Devices (AMD) and Broadcom (AVGO), also traded lower this week as investors remain uncertain about the tariff war.
