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Nvidia (NVDA) Stock: Tech Selloff Intensifies as NVIDIA Drops 8% Amid Tariff Concerns
The tech-heavy Nasdaq Composite Index sank further on Friday, with NVIDIA’s stock plummeting a staggering 8% amid growing concerns over the potential impact of tariffs on the global technology sector.
In recent weeks, President Trump confirmed tariffs on certain imports from China, sparking widespread fears among investors and industry experts alike. The move has sent shockwaves through financial markets, causing even stalwart tech stocks like NVIDIA to tumble.
The news comes as a surprise given that the chip giant had reported better-than-expected quarterly earnings just yesterday. Despite this, the company’s shares continued their downward spiral, dropping a significant 8% in the aftermath of the tariff announcement.
Investors have become increasingly cautious about the potential fallout from these tariffs, with many now questioning the long-term viability of certain tech stocks.
