Nvidia Shares Drop Nearly 10% Amid Tariff Fears, Export Control Concerns

Nvidia's stock has taken a significant hit, dropping nearly 9% amid fears surrounding U.S. tariffs and potential export restrictions to China. The company's market value has declined about 19% over the past three months, exacerbated by reports of its AI chips reaching China through unauthorized channels. These concerns were further intensified by President Trump's confirmation of a 25% tariff on imports from Canada and Mexico, which could impact Nvidia's manufacturing. Despite strong earnings, Nvidia's shares are trading at their lowest since September, losing its position as the world's second most valuable public company. The chipmaker is scrutinized for potential violations of export controls, as investigations into related parties in Singapore unfold. Investors remain concerned about the sustainability of Nvidia's growth amidst these geopolitical and market challenges.