Will the "Trump Put" Save Nvidia?
Since President Donald Trump won the 2024 election in early November, U.S. stocks rose in anticipation that he will institute pro-business policies. It hasn't been all smooth sailing on Wall Street, though. The emergence of the Chinese artificial intelligence chatbot DeepSeek and Trump's tariff proposals threw some wrenches into the works, although those headwinds have thus far proven short-lived.The high-flying stocks in the Magnificent Seven by and large participated in the upward trend. Tesla and Meta Platforms led the way higher as CEOs Elon Musk and Mark Zuckerberg have cozied up to Trump.However, Nvidia (NASDAQ: NVDA) has not fared as well in the past few months, and its situation may well get worse from here.Continue reading
Since President Donald Trump won the 2024 election in early November, U.S. stocks rose in anticipation that he will institute pro-business policies. It hasn't been all smooth sailing on Wall Street, though. The emergence of the Chinese artificial intelligence chatbot DeepSeek and Trump's tariff proposals threw some wrenches into the works, although those headwinds have thus far proven short-lived.
The high-flying stocks in the Magnificent Seven by and large participated in the upward trend. Tesla and Meta Platforms led the way higher as CEOs Elon Musk and Mark Zuckerberg have cozied up to Trump.
However, Nvidia (NASDAQ: NVDA) has not fared as well in the past few months, and its situation may well get worse from here.
