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Nvidia shares slid Monday, extending last week’s post-earnings losses amid concerns about AI spending and the potential impact of policies on tariffs and AI chip export restrictions.
The Trump administration is reportedly seeking to tighten chip export curbs, with new tariffs set to take effect Tuesday.
Analysts have largely remained bullish on Nvidia’s stock, with Mizuho analysts saying they expect headwinds from China and AI chip restrictions to «remain muted.»
Nvidia (NVDA) shares slid Monday, extending last week’s post-earnings losses amid concerns about artificial intelligence (AI) spending and uncertainty about the potential impact of policies on tariffs and AI chip export restrictions.
Shares of Nvidia were down about 9% on Monday, sliding further after falling about 7% last week and leaving them down about 15% this year amid a sputtering AI trade.
Mizuho analysts warned clients Friday that Nvidia could potentially face «significant new China AI and export license restrictions,» based on industry checks. Mizuho estimated that could mean a revenue hit to the tune of $4 billion to $6 billion for the AI chipmaker in the second half of the year.
The comments come days after reports the Trump administration is seeking to tighten chip export curbs. President Trump on Monday indicated that tariffs against products from Canada and Mexico would go into effect Tuesday, along with the doubling of an existing tariff on goods from China.
Analysts have so far largely remained bullish on Nvidia’s stock, pointing to the chipmaker’s strong outlook on the back of growing AI demand. Mizuho analysts said they expect the impacts of headwinds from China and AI chip restrictions to «remain muted.»
The average price target of the 19 analysts covering the stock polled by Visible Alpha is about $177, suggesting more than 50% upside from Monday’s close.
This article has been updated to reflect new share-price information and context.
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