Tariff uncertainty is still 'hanging over' Nvidia's stock

Nvidia (NVDA) shares are under pressure as investors assess the chipmaker's quarterly results. Revenue and earnings beat Wall Street's expectations, but Nvidia's margin outlook did fall short. Freedom Capital Markets chief global strategist Jay Woods sits down with Wealth Host Brad Smith to discuss what's driving Nvidia stock's earnings reaction. Woods highlights that the earnings showed strong fundamentals and offered Nvidia CEO Jensen Huang the opportunity to address several questions about the stock. Huang confirmed that Blackwell "demand is still there." The CEO also addressed DeepSeek's AI model, which Woods calls "the one question on everybody's mind" after the Chinese artificial intelligence (AI) startup fueled an AI sell-off. Huang says the competition is good, and he welcomes it. He echoed a similar sentiment about competition from China. "The guidance going forward has been the bugaboo for not just tech stocks but all stocks," the strategist notes. Taking a look at the post-earnings report price movement, Woods says, "What is hanging over this stock right now [is] tariffs," explaining that investors are "waiting on tariff news." He adds that Nvidia "knocked it out of the park, but it wasn't this blowout that was going to take us to the next level because there's still too many concerns, geopolitical concerns that are weighing over this stock." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.

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