Tech Stocks Take the Tariff Tumble. Time to Buy the Dip on Nvidia?
Stocks across industries have plummeted in recent days on concerns that President Donald Trump's tariffs on imports will eat into their profits. The U.S. just launched a plan to impose duties on most imports from around the world, with tariff levels differing from country to country.However, the stocks that have been hit most heavily by the news are those in the technology industry. That's because these companies' cost models involve importing parts and even finished goods from abroad, and levies on these imports will add to their expenses.As a result, some of last year's stock market stars have found themselves on many investors' "sell" lists instead of on "buy" lists. A perfect example is Nvidia (NASDAQ: NVDA), a company that, just a few months ago, investors dreamed of buying for a bargain price.Continue reading
Stocks across industries have plummeted in recent days on concerns that President Donald Trump's tariffs on imports will eat into their profits. The U.S. just launched a plan to impose duties on most imports from around the world, with tariff levels differing from country to country.
However, the stocks that have been hit most heavily by the news are those in the technology industry. That's because these companies' cost models involve importing parts and even finished goods from abroad, and levies on these imports will add to their expenses.
As a result, some of last year's stock market stars have found themselves on many investors' "sell" lists instead of on "buy" lists. A perfect example is Nvidia (NASDAQ: NVDA), a company that, just a few months ago, investors dreamed of buying for a bargain price.
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