Semiconductor stocks plunged for the second straight day as investors weighed the impact of President Donald Trump's tariffs on imports. Nvidia stock was among those hard hit.

The bad news for Nvidia is that there is now a 32% and 34% reciprocal tariff on imports from Taiwan and China, two countries Nvidia relies on most.

Amid the market turmoil following Trump’s “Liberation Day” tariffs, Nvidia (NVDA) took a hit as a symbol of risk-on-stock investing and global

But just two weeks ago, CEO Jensen Huang suggested his company was well positioned in a trade war, saying Nvidia could be more insulated from tariffs and even a recession. At the company’s GTC conference on March 19,

The chips are down. Chip stocks fell Friday, losing ground on the second trading day after President Donald Trump unveiled a set of global tariffs that sent stock markets dramatically lower—and the first since China announced its own retaliatory measures.

Altimeter Capital CEO Brad Gerstner told CNBC that he remains bullish on Nvidia despite President Trump's tariffs and their impact on the broader economy.

The so-called Magnificent Seven stocks don’t seem so magnificent these days after new tariffs from the Trump administration sent their shares plunging, with all seven now in bear market territory.

Shares of Nvidia Corp. (NVDA) declined nearly 6% in after-hours trade on Wednesday amid President Donald Trump’s “Liberation Day” tariffs announcement. Trump announced reciprocal tariffs of 32% on Taiwan,

Shares of Nvidia and other semiconductor companies slid amid a flurry of tariffs between the U.S. and Asian countries that could subdue electronics demand and hinder Big Tech’s artificial-intelligence infrastructure buildout.

The U.S. and global markets have already started to feel the impact of Trump’s tariffs, with the U.S. stock market taking the worst hit thus far. The Wall Street slump and global dip in stocks have sparked fresh fears in economists and concerns as to whether the U.