Nvidia Is Sinking Today. Is It Time to Buy the Artificial Intelligence (AI) Stock?
After explosive gains in yesterday's session, Nvidia (NASDAQ: NVDA) stock is seeing big sell-offs in Thursday's session. The artificial intelligence (AI) hardware leader's share price was down 7.5% as of 1 p.m. ET. At the same point in today's trading, the S&P 500 was down 4.5%, and the Nasdaq Composite was down 5.5%.The stock market saw nearly unprecedented single-day gains yesterday after President Donald Trump announced that goods from all countries except for China would have an import tax rate of 10% and that his administration's higher reciprocal tariffs would be suspended for 90 days. But Trump also announced that tariffs on Chinese products would be increased from 104% to 125%.Investors concentrated on reciprocal tariffs being paused for all other countries yesterday, but today the market is reacting to the potential impacts of the escalating trade war between China and the U.S. With Thursday's sell-off, Nvidia stock is now down 21% year to date and 29% from its high.Continue reading
After explosive gains in yesterday's session, Nvidia (NASDAQ: NVDA) stock is seeing big sell-offs in Thursday's session. The artificial intelligence (AI) hardware leader's share price was down 7.5% as of 1 p.m. ET. At the same point in today's trading, the S&P 500 was down 4.5%, and the Nasdaq Composite was down 5.5%.
The stock market saw nearly unprecedented single-day gains yesterday after President Donald Trump announced that goods from all countries except for China would have an import tax rate of 10% and that his administration's higher reciprocal tariffs would be suspended for 90 days. But Trump also announced that tariffs on Chinese products would be increased from 104% to 125%.
Investors concentrated on reciprocal tariffs being paused for all other countries yesterday, but today the market is reacting to the potential impacts of the escalating trade war between China and the U.S. With Thursday's sell-off, Nvidia stock is now down 21% year to date and 29% from its high.
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