Nvidia shares tank 9% ahead of Trump tariffs, exports probe woes

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Shares of Nvidia Corp., once the most valued company in the world, fell another 9% on Monday, March 3, after US President Donald Trump confirmed that tariffs on Canada and Mexico will take effect on Tuesday.

Once boasting of a market capitalisation in excess of $3 trillion, Monday’s slide wiped out another $265 billion from the company’s overall value, taking it down to $2.79 trillion. Nvidia shares have slumped 13% since the chipmaker reported earnings last week.

During the company’s earnings call, the management had mentioned that tariffs are an…



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Nvidia shares tank 9% ahead of Trump tariffs, exports probe woes


Shares of Nvidia Corp., once the most valued company in the world, fell another 9% on Monday, March 3, after US President Donald Trump confirmed that tariffs on Canada and Mexico will take effect on Tuesday.

Once boasting of a market capitalisation in excess of $3 trillion, Monday’s slide wiped out another $265 billion from the company’s overall value, taking it down to $2.79 trillion. Nvidia shares have slumped 13% since the chipmaker reported earnings last week.

During the company’s earnings call, the management had mentioned that tariffs are an…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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