Nvidia Has 3 Considerably Bigger Concerns Than Tariffs
Tariffs may be the talk of Wall Street, but there are far more pressing issues for the stock market's artificial intelligence (AI) darling.
"Buckle up and hold on" has been something of a theme for Wall Street over the last two weeks. Ever since President Donald Trump unveiled his "Liberation Day" tariffs, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have logged some of their largest single-session point gains and declines since their respective inceptions.
Whereas the "Magnificent Seven" stocks were responsible for leading the broader market higher for more than two years, these highly influential businesses have taken it on the chin during the recent sell-off.
For instance, Wall Street's artificial intelligence (AI) darling Nvidia (NASDAQ: NVDA) briefly became the world's largest public company and sported a market cap of nearly $4 trillion during the first week of January. But since reaching its closing high on Jan. 6, it's shed 26% of its value (as of April 11), and plunged by as much as 36% (as of April 8).
