Nvidia could see an unexpected benefit from the trade war
Tariffs may not push this stock down as hard as other tech leaders.
A surprising announcement from the White House is boosting many chip stocks, including Nvidia (NVDA) . According to President Donald Trump, the tariffs levied against China are going to be substantially decreased.
While little detail has been offered as far as Trump’s immediate plans for China tariff revisions, the market is reacting extremely well to this news. Nvidia is rising steadily, as are many of its peers in the artificial intelligence (AI) space.