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BTCC / BTCC Square / Global Cryptocurrency /
Trump’s Chip Comments Lift NVDA Stock — More Upside Ahead for Nvidia?

Trump’s Chip Comments Lift NVDA Stock — More Upside Ahead for Nvidia?

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-08 10:55:01
0

Markets endured a volatile session as Nvidia shares surged following unexpected remarks from former President Trump regarding potential AI chip export rollbacks. The semiconductor sector rallied broadly, offsetting earlier pressure from Federal Reserve Chair Jerome Powell’s cautious economic outlook.

Nvidia’s stock broke through key technical levels, closing at $117.06 as traders eye a decisive move above the 50-day SMA NEAR $120. The late-day reversal in tech stocks demonstrates how geopolitical signals can override macroeconomic concerns in current market conditions.

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