Why Trump's Tariffs Are Causing Chaos for Major AI Stocks Like Nvidia, Tesla, and Taiwan Semiconductor

The market sold off this morning after President Donald Trump announced sweeping tariffs over the weekend to take effect Tuesday. The broader benchmark S&P 500 fell over 1.7%, as of 9:55 a.m. ET. Meanwhile, the Dow Jones Industrial Average fell over 600 points and the Nasdaq Composite also fell 2%.However, stocks had recouped a majority of the losses as of midmorning, after Mexican President Claudia Sheinbaum announced an agreement with the U.S., leading to a delay in implementation of tariffs on her country. Trump has a call scheduled with Canadian Prime Minister Justin Trudeau at 3 p.m. ET.Shares of Nvidia (NASDAQ: NVDA) traded 2.3% lower as of 11:03 a.m. ET. Shares of Tesla (NASDAQ: TSLA) were down 4.6%, while shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) traded about 2.7% lower.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool