Nvidia (NVDA) has not been immune from the tariffs-driven selloff. The stock is down more than 30% in the year to date and is off nearly 15% in just the last five trading sessions. President Donald Trump’s announcement of “reciprocal” tariffs on U.S. trading partners on April 2 has thrust major indexes into a bear market and raised alarms that a global recession is coming later in 2025. Plus, Trump is expected to announce separate tariffs on semiconductor products, and an export restriction decision on AI chips is expected by May 15.
This has left Wall Street divided on Nvidia. Analysts still have a consensus “Strong Buy” rating on NVDA with a price target that implies nearly 90% upside potential over the next 12 months. Plus, with shares down 40% from their all-time high, the stock is trading at just 24 times forward earnings. This is a significant discount to its five-year average.
