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 U.S. stock market sold off Monday as Wall Street digested President Donald Trump’s tariffs on Canadian, Chinese and Mexican goods set to go into effect Tuesday, though much of the losses were concentrated in Michigan’s auto sector and Silicon Valley.

The chip maker's shares were falling with the wider market after the U.S. president said he intends to impose levies on imported semiconductors.

Shares of Nvidia NVDA are down 3.4% in midday action to rank among the worst performers in the PHLX Semiconductor Index SOX. The stock has pared losses with President Trump now saying he has agreed to pause the Mexico tariffs for a month.

Nvidia (NASDAQ:NVDA) stock has been on a rough ride over the past week, plunging 16% after China’s DeepSeek unveiled its R1 AI model. This