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Trump’s Chip Comments Lift NVDA Stock — More Upside Ahead for Nvidia?
Although the market had a turbulent session, President Trump's unexpected comments about chip exports gave NVDA shares a late-session lift.
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Last updated: Wednesday, June 4, 2025
Quick overview
- Markets experienced volatility with NVDA shares gaining due to President Trump's unexpected comments on chip exports.
- Federal Reserve Chair Jerome Powell's cautious remarks on economic uncertainty initially weighed on market sentiment, particularly affecting the tech-heavy Nasdaq.
- Trump's potential rollback of AI chip export restrictions sparked a rally in semiconductor stocks, lifting broader market indices into positive territory.
- Nvidia's stock surged above key technical levels, closing at $117.06, as traders watch for a breakout above the 50-day SMA around $120.
Live NVDA Chart
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MARKETS TREND
Although the market had a turbulent session, President Trump’s unexpected comments about chip exports gave NVDA shares a late-session lift.
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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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