Nvidia shares fall 9% on tariff fears

Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 6, 2025. Nvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada and Mexico will go into effect on Tuesday. The chipmaker's shares retreated on a bad day for the market. The Dow, of which Nvidia is a component, tumbled 800 points, or 1.8%, and the Nasdaq Composite slid more than 3%. Nvidia shares are now trading at the same price they were in September, before the U.S. presidential election. The company, having shed its $3 trillion market cap, is worth $2.79 trillion after Monday's slide knocked another $265 billion off Nvidia's valuation. Nvidia is down over 13% since Wednesday, when the company reported earnings that topped analysts' estimates across the board. The company's revenue jumped 78% from a year earlier to $39.33 billion. During Nvidia's earnings report, analysts asked about the company's re ... Read full article.