Semiconductor stock Nvidia’s (NVDA) rise to the most valuable company in the world has only one person to thank.
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It is not, apparently, chief executive Jensen Huang who is responsible for the company hitting a $4 trillion market capitalization. It is also not the scientists, engineers and boffins buzzing away in the background to make the latest AI breakthrough.
No, apparently it is President Donald J. Trump.
Tariff Lift
Yes, in a post on Truth Social the President was in his best Trumpy mood – “NVIDIA IS UP 47% SINCE TRUMP TARIFFS.”
According to TipRanks, the NVDA stock is up 21% in the year to date. It has certainly not been a smooth progress forward thanks to the emergence of Chinese AI startup rival DeepSeek in January which rattled it and other U.S. tech stocks.
Nvidia has also been battered – sorry, Mr. President – by tariff disruption, in particular, the huge levies placed on China, one of its key markets. It has also suffered restrictions on exporting its H20 AI chips to China with a potential $5.5 billion hit.
That has led it to redesign some of its AI chips so they can still be sold to Chinese companies without breaking U.S. export rules.
Record Highs
There doesn’t seem to have been too much Trump input there but perhaps the President was making a wider point about the overall boost to the U.S. from his tariff strategy.
He thundered in what looks like the world’s most bizarre shopping list or ground-breaking alternative poetry: “Tech Stocks, Industrial Stocks, & NASDAQ, HIT ALL-TIME, RECORD HIGHS! CRYPTO, “Through the Roof.” NVIDIA IS UP 47% SINCE TRUMP TARIFFS. USA is taking in Hundreds of Billions of Dollars in Tariffs. COUNTRY IS NOW “BACK.” A GREAT CREDIT! FED SHOULD RAPIDLY LOWER RATE TO REFLECT THIS STRENGTH. USA SHOULD BE AT THE “TOP OF THE LIST.” NO INFLATION!!”
For more Trump social media comments and the impact they have on stocks and sectors, visit our Trump Dashboard. Is he grumpy Donald? Trumpy Donald? Or the rarely seen and heard Neutral Donald?
Is NVDA a Good Stock to Buy Now?
On TipRanks NVDA has a Strong Buy consensus based on 37 Buy, 4 Hold and 1 Sell ratings. Its highest price target is $250. NVDA stock’s consensus price target is $175.76 implying a 7.71% upside.
