Although the global battle for artificial intelligence superiority is only heating up, Jensen Huang-led Nvidia (NVDA) remains the clear star. NVDA shares are up an eye-popping 1,240% in the past five years and the company has seen its market capitalization soar to the gargantuan levels of $2.8 trillion. This has made Nvidia one of the most valuable companies in the world.
However, President Donald Trump’s tariffs, the emergence of the Chinese startup DeepSeek, and a new restriction on shipments of its H20 chips to China without a license, has resulted in Nvidia facing its first set of real challenges in recent years. Consequently, the stock is already down 15.2% on a YTD basis.
