Nvidia Stock (NVDA) Price Still Firm as Big Tech Slips Amid Tariff Jitters

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Nvidia share price opened more than 6% higher today but closed down by 1.3%, while most big tech stocks are considerably lower.

Tech Sector Faces Headwinds, but NVDA Bucks the Trend

Following last week’s steep sell-off, U.S. equity markets attempted a recovery on Monday, lifted by renewed speculation that the Biden administration could delay or freeze some of the planned tariff increases—potentially for three months—if trade talks with China resume. This fragile optimism carried into global markets, helping Nvidia (NVDA) surge at the open with a 6% bullish gap and close the session over 3% higher, far outperforming most of the Nasdaq tech peers.

Quiet Economic Calendar Keeps Focus on Trade

With no significant U.S. economic data scheduled, investor attention is squarely fixed on the rapidly approaching tariff deadline. By the end of Tuesday, Washington could implement an additional 50% tariff hike on Chinese imports unless clear progress is made in negotiations. China has already signaled it would respond in kind, raising fears of a deeper, more damaging trade war.

These worries weighed heavily on investor sentiment throughout the session. President Trump’s morning comments threatening steeper tariffs only deepened the negative tone, sending most tech stocks lower despite the initial bounce.

Nvidia Chart Daily – Closing with Minimal Losses

Amid the broad sector weakness, Nvidia’s resilience stands out. While the company does have supply chain ties to China, it is relatively insulated. Roughly 60% of Nvidia’s imports come from Mexico—benefiting from the USMCA trade agreement—while another 30% are sourced from Taiwan. This diversified sourcing structure significantly reduces its exposure to the most aggressive U.S.-China tariff measures.

Furthermore, Nvidia has weathered sharp volatility in recent weeks. After a 40% price correction earlier in April, the chipmaker continues to attract strong buyer interest, underpinned by its leadership in the AI space and robust financial footing. Even with concerns that the AI boom may be overvalued, Nvidia’s growing cash reserves and dominant industry position offer a level of security few other tech firms currently enjoy.

Looking Ahead: Tariff Developments Remain Key

Although Nvidia’s technical and fundamental positioning remains solid, its short-term trajectory—like much of the market—will be dictated by how trade developments unfold. Positive headlines or signals of negotiation progress could lift sentiment and provide more upside. On the other hand, if rhetoric escalates or new tariffs are imposed, broader market pressure could return, testing Nvidia’s recent gains.

For now, Nvidia appears well-positioned to weather near-term shocks, but the uncertainty surrounding trade policy ensures that headline risk remains the primary driver of equity market direction this week.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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