Nvidia Faces Significant Stock Drop Following New Tariff Announcements

At the opening bell, Nvidia Corporation witnessed a sharp 5% decline in its stock value, marking its lowest point since September. This downturn comes in the wake of President Donald Trump's latest announcement regarding new tariffs. The US is set to impose a 25% tariff on imports from Canada and Mexico, alongside a 10% tariff on Chinese goods.

By 9:41 am ET, Nvidia's shares had decreased by 5.20%, trading at 311.79. This significant drop reflects the market's reaction to the potential impacts of these new tariffs on the tech industry and Nvidia's operations.