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How Trump’s Tariffs Will Affect NVIDIA: Stock Market Perspective

Timothy SykesAvatar
Written by Timothy Sykes
Updated 7/14/2025, 11:45 am ET 10 min read

President Donald Trump’s tariffs on semiconductors, copper, and other strategic imports are putting Nvidia under pressure to reassess their supply chain exposure and pricing models. These trade measures come at a time when the S&P 500 and Nasdaq 100 are hovering near record highs, driven in part by the explosive growth of AI chipmakers. Wall Street is now asking: Can the world’s first $4 trillion company keep pace as trade tensions escalate?

President Donald Trump’s new tariffs are aimed at core components that fuel the U.S. tech industry. These include semiconductors, copper, and other key hardware inputs. For Nvidia, this pressure is real. The company sources chips from Taiwan and builds AI infrastructure that relies heavily on copper.

The tariffs target the same materials driving Nvidia’s AI expansion. Semiconductors from Taiwan and copper from South America are critical to the company’s supply chain. Higher input costs could distort margins or delay product cycles. In my 20+ years of trading, I’ve seen this before. When policies change, traders who don’t adapt get crushed. You don’t trade news — you trade the reaction.

Read more: Should I Buy NVIDIA Stock? NVDA Stock Price Forecast

Trump’s July 2025 Tariff Picture

In the past two weeks, the U.S. government issued letters to several trading partners. Each one warned of country-specific tariffs unless new deals are made. The rates vary:

  • South Korea and Japan: 25 percent
  • Malaysia: 25 percent
  • Thailand: 36 percent
  • Brazil: 50 percent
  • Taiwan: base 10 percent, subject to change

These moves are more than threats. Treasury Secretary Scott Bessent confirmed the administration sees tariffs as long-term leverage. Trade advisors like Kevin Hassett have publicly backed the policy. The U.S. Court of International Trade could face legal pushback, but for now, the rates are moving forward.

This strategy hits at the core of Nvidia’s business. The company relies on Taiwan for chip production and copper-heavy infrastructure for data centers. From past experience during the 2018 trade war, I know how quickly these costs can build up. Markets move fast. Traders have to move faster.

How Big Tech Is Adjusting Behind the Scenes

Most tech companies are staying quiet publicly, but their supply chains are shifting. Nvidia CEO Jensen Huang met with President Trump at the White House on July 10. They discussed supply chain issues and domestic chip production. Huang said the company would make the best of the situation and praised Trump’s push for local manufacturing.

Nvidia is making moves now. It’s building chip packaging facilities in Arizona and supercomputers in Texas. Other companies are responding too:

  • Apple is moving more final production to India and Vietnam
  • Microsoft is rethinking data center buildouts
  • Amazon Web Services is adjusting hardware orders to avoid copper spikes

More Breaking News

The broader shift is toward minimizing exposure to tariff-heavy regions. These changes won’t show up right away. But I always tell my students — watch what the companies do, not just what they say. You’ll see the impact in earnings before you see it in headlines.

Nvidia’s Domestic Investment Strategy

Nvidia is increasing its U.S. footprint fast. The company is aligning its supply chain with Trump’s calls for more domestic production. During his meeting with Trump, Huang signaled strong support for this strategy. He called Trump’s approach a bold vision and said onshore manufacturing is essential for national and industrial security.

But not everything can be shifted overnight. Nvidia still relies on Taiwan Semiconductor Manufacturing Company for its most advanced chips. That won’t change soon. Even if packaging happens in Arizona, any tariffs on Taiwanese wafers will still affect the final product cost.

This creates a layered risk. Nvidia might absorb some of the cost or pass it on to customers. Either way, margins get squeezed. As a trader, I always watch for second-order effects. If Nvidia raises prices, cloud providers may slow down AI infrastructure spending. That will ripple through the entire sector.

Reaching a $4 Trillion Market Cap

Despite tariff headwinds, Nvidia became the first public company to cross a $4 trillion valuation. Its stock is up 22 percent this year alone. In Q1 2025, Nvidia reported $44.1 billion in revenue and $18.8 billion in net income. AI demand is fueling this growth, and Nvidia’s chips are powering the most critical systems in the world.

Jensen Huang has stayed confident. He told USA Today that Nvidia has faced regulations, taxes, and tariffs every year and survived them all. He believes this time will be no different. But traders need to understand the scale here. When your market cap is $4 trillion, small changes in margins can trigger massive moves in the stock.

I’ve seen high flyers fall fast. Traders who chase without checking the macro picture get caught. Nvidia may be the strongest name in tech right now — but it’s still exposed.

Here’s how to trade Nvidia.

Asia Supply Chains Under Stress

Tariffs are forcing companies to shift their Asia strategy. Countries like Malaysia, Thailand, and the Philippines now face steep import taxes. Taiwan avoided the worst so far but may still face new rates. As a result, tech firms are building supply in:

  • India
  • Mexico
  • United States

Nvidia’s expansion in Arizona is part of this shift. But moving manufacturing takes time. Costs go up during the transition, and delays happen. That matters to institutional investors, especially those managing 60/40 portfolios or tracking Smart Investor signals.

I’ve watched how supply chain friction can shave billions off a company’s valuation. It doesn’t happen all at once. But when margin compression starts showing up in earnings, the market reacts. Always track execution risk — especially when supply routes are in flux.

How Copper Tariffs Change Nvidia’s Hardware Plans

Trump’s 50 percent copper tariff has created new urgency for Nvidia’s data center strategy. The company uses tons of copper to run its 800V HVDC architecture. This design improves power efficiency but depends heavily on copper for busbars and cabling.

To cut exposure, Nvidia partnered with Navitas Semiconductor. Their gallium nitride and silicon carbide chips reduce copper usage by up to 45 percent. These new materials cost more up front but pay off by limiting tariff damage.

At the same time, prices for West Texas Intermediate and Brent crude are rising, increasing overall costs across the supply chain. Higher oil prices affect shipping, and that hits infrastructure-heavy firms like Nvidia.

This is why traders need to understand hardware architecture. Every input cost matters. When tariffs affect design, they also affect earnings.

Market Futures React to Trade News

Every time Trump mentions tariffs, the futures market reacts. That’s not noise. It’s an indicator. The Nasdaq 100 and S&P 500 futures pulled back after Trump’s country-specific tariff letters were confirmed. Traders are pricing in risk ahead of Q2 earnings season.

The Federal Reserve’s recent interest rate cut gave a short-term boost. But if inflation rises due to tariffs, the Fed may have to tighten again. That creates a complicated setup for Nvidia and other high-growth names.

When I track futures, I don’t just look for direction. I look for conviction. If traders are hedging across sectors, that’s a red flag. Nvidia may be leading the charge, but it’s tied into everything — from chips to crypto.

Broader Sector Risks From Tariffs

Tariffs are starting to hit other tech sectors. Export controls are being applied across new industries. The impact now stretches to:

  • Software suppliers
  • Data center providers
  • Digital currency platforms

The U.S. dollar index is rising on safe-haven flows. Commodity prices like copper and nickel are spiking. Oil from Saudi Arabia and other Middle East suppliers is becoming harder to price. These inflation pressures will show up in Q3 and Q4 cost forecasts.

I always look across sectors when macro pressure builds. One weak link can create an opportunity — or expose a false breakout. Nvidia isn’t immune from global shifts. The trick is staying aware before the market forces your hand.

Nvidia’s Resilience During Tariff Disruption

Despite all this, Nvidia continues to dominate. It’s the AI chip supplier for Microsoft, Meta, and Amazon. Q1 earnings beat expectations. And even with the tariff noise, the stock touched $167 — a new all-time high.

But that strength comes with added scrutiny. Nvidia is a target. Every export control or policy change lands harder on companies at the top. Nvidia knows this. That’s why it’s building political ties, diversifying its supply, and staying close to the U.S. government.

Momentum is powerful, but political exposure can change a trade setup overnight. I’ve seen it too many times. Stay aggressive, but don’t be blind.

Comparing Nvidia’s Strategy to Other Tech Giants

Apple is managing similar risks. It’s moving assembly to India and reshaping its exposure to European digital taxes. Unlike Nvidia, Apple depends on consumer sentiment — and that can shift fast if inflation hits hard.

Other giants like Microsoft and Alphabet rely on Nvidia’s chips. That makes them vulnerable to upstream problems. If Nvidia’s supply slows, cloud and AI deployments get delayed. That can create new setups for short-term traders.

Watch the flow of capital. Institutions move early when policy risks rise. If they rotate out of high-beta names, traders should take the hint.

Bitcoin, Crypto, and Trade Volatility

Crypto markets are reacting to trade news too. Bitcoin rose slightly after Trump’s copper tariff announcement. Some investors are using digital currency as a hedge against trade inflation or geopolitical risk.

Read more: Top 6 Cryptocurrency Stocks to Watch

Crypto ETFs saw inflows, and sentiment flipped bullish. Nvidia isn’t a mining play anymore, but it benefits from crypto infrastructure demand. If blockchain tech investment surges again, Nvidia could benefit indirectly.

I always tell traders — you don’t have to trade Bitcoin to use it as a signal. If crypto spikes, volatility in growth tech usually follows.

How Russian Sanctions Are Raising Input Costs

Sanctions on Russian exports are raising prices on aluminum, nickel, and oil. All of these are essential to building data centers. As Nvidia ramps up domestic production, those input costs will rise.

Brazil — hit by a 50 percent copper tariff — may also restrict its exports. This could drive shortages and raise costs again. The combination of tariffs, sanctions, and rising freight charges is a real concern.

Nvidia’s moat rating stays high, but cost pressure is building. I always keep a macro lens on my trading. When multiple inputs move at once, the chart alone won’t save you.

Final Thoughts for Nvidia Investors and Traders

Nvidia’s market cap puts it in rare company. But the bigger you are, the more exposure you have. Trump’s tariff policies could squeeze margins, shift supply chains, or delay AI deployments. That’s real risk.

Smart investors will focus on high-margin segments like software and licensing. Traders should watch for panic pullbacks and post-earnings reactions. These setups often give better reward-to-risk.

I’ve traded through many news cycles. When headlines create chaos, patterns still win. Be ready for volatility — and make it work for you.

If you want to know what I’m looking for — check out my free webinar here!


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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity.
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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”

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