Nvidia shares plummeted below the 200-day moving average in early trading on Monday, marking a level last seen in September. The decline comes as President Donald Trump’s tariffs on China, Mexico, and Canada are set to take effect on Tuesday. However, this does not necessarily mean Nvidia is a buy or sell now.
Nvidia’s artificial intelligence stock is heavily influenced by global trade policies, particularly those related to the tech industry. The company has warned about potential disruptions caused by these tariffs in previous quarters. As a result, investors should consider the broader market trends and adjust their strategies accordingly.
While some tech stocks are reacting negatively to Trump’s tariffs, others are bucking the trend. Palantir stock soared 22% on earnings, while Dow Jones futures rose as Trump’s tariffs on Canada were delayed by 30 days. The uncertainty surrounding trade policies will continue to impact investors’ decisions in the coming days.
As of now, Nvidia’s shares remain a subject of debate among analysts and traders. To determine whether it’s time to buy or sell, one must weigh the potential risks and benefits associated with the company’s AI solutions and the broader market conditions. A closer look at Nvidia’s historical data and industry trends will provide more clarity on this decision.
Source: https://www.investors.com/research/nvda-stock-is-nvidia-a-buy-february-2025