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Nvidia lost 265,000 million dollars yesterday. It was an especially Aciaga for her, with 8.69% fall in the value of her action, but the day was dyed red throughout the technology industry. The trigger for that setback in the bags was clear: the tariffs.
Donald Trump confirms tariffs. After announce tariffs to Canada and Mexicothe US president initially postponed his application, but yesterday announced that they would definitely enter into force as of today. It is a controversial measure that will make imports from Mexico and Canada apply 25%tariffs, which will make these goods more expensive.
Immediate drop in bags. Trump’s announcement caused a clear collapse of several technological actions, but Nvidia was undoubtedly one of the most affected, with a fall of 8.69%. Intel lost 4.05%, Broadcom by 6.05%, and supermicro 13%. The red numbers were seen in much of the technological market, with all the great affected, although to a lesser extent than Nvidia.
The indices confirm the fall. As They point The Kobeissi Letter analysts, the S&P index already opened down, and Trump’s announcement quickly precipitated the fall: in just six hours the values included in this index had lost more than 100 points, about 1.5 billion dollars jointly.
Nvidia’s shares has returned to September 2024 levels. Source: Google Finance.
Relationship with Mexico. Although most Nvidia chips are manufactured in Taiwan, some of their most advanced systems and equipment based on these chips are manufactured in other regions that include both the US and Mexico. That means that these products would be affected by these tariffs. Curiously, Trump’s announcement did nothing but reaffirm Mexico’s plans with the Foxconn plant in Jalisco: it will be the most important assembly factory of the GB200 cards with Nvidia Blackwell architecture, and those responsible for They promised which will be finished in a year despite tariffs.
TSMC and its project in the US. Trump took advantage of a conference yesterday to confirm The announcement of TSMC, which will invest 100,000 million dollars more – he had yet paid 65,000 million – in manufacturing plants on American soil. Nvidia indicated in CNBC that would manufacture chips in those facilities, which would allow tariffs.
In Nvidia they are still optimistic. In spite of everything, Huang Indian A few days ago this second quarter of the year promises to be positive for the company. Everything has already prepared to manufacture their new chips with Blackwell architecture, and have corrected the defects that were detected in the first phases of production.
Crypts also collapse. He announcement of strategic cryptor He had promoted the value of cryptocurrencies, but yesterday’s events also remarkably affected this market. Bitcoin lost more than 8%value, Ethereum almost 15%, XRP 17.61%, Solana 19.57%and adapt 18%. These were the five cryptocurrencies mentioned by Trump for that initiative, and the fall was huge in all of them.
Image |Hillel Steinberg
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