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Nvidia (NVDA) stock is under pressure. Shares of the chip maker have plunged more than 29% year-to-date, slipping below the $100 mark and even dipping below $90 on Monday, April 7. Further, NVDA stock has lost over 37% of its value from its 52-week high. Investor sentiment has soured amid fears surrounding President Donald Trump’s reciprocal tariff policies.
Although semiconductors have reportedly been placed on the list of exceptions in Trump’s proposed tariffs, the broader concern lies in how global trade partners might respond. Retaliatory tariffs from other nations could have a ripple effect across the semiconductor sector, potentially stifling growth or increasing costs in an industry already managing complex global supply chains.