• 2 days ago
Nvidia shares fell 9% on Monday, erasing over $260 billion in market value. The plunge occurred as President Donald Trump confirmed 25% tariffs on Canadian and Mexican imports taking effect Tuesday. The Dow dropped 800 points, and the Nasdaq Composite slid over 3%. Nvidia has lost over 13% since Wednesday despite reporting earnings that beat estimates. CFO Colette Kress said the impact of tariffs remains uncertain. The company plans to produce chips at TSMC's $100 billion U.S. expansion announced by Trump.

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