Yahoo Finance

Now time for some of today's trending tickers. Scan the QR code to track the best and worst performing stocks of the session with Yahoo Finances trending tickers page. Today we're taking a look at two chip makers, Nvidia and Broadcom. First up, Nvidia shares once again trading to the upside this morning after ending Monday's session three and a half percent higher, the Dow's top performer. President Trump's broad tariffs set to go into effect midnight, April 9th, have a carve out for semiconductors, but Nvidia could be hit by sector specific tariffs to come and its large China exposure as well. If the president's trade war continues, you can see the shares ripping here to the upside up over five and a half percent. And Brad, what I think is important to note on Nvidia, I I do have a guest coming on later who is still hesitant on this name, but the majority of the folks who I've specifically asked about Nvidia have said, how do you avoid buying when this name is dipping below a hundred dollars a share. That's a buying opportunity. What does that look like, especially if we do get sectoral tariffs moving forward that impact the semi names?

Look, there have been a few pullbacks that we've seen over the course of 2025 early innings because you'll remember Nvidia was actually one of the first names and Apple, which of course of the mag seven names and representation, the poster child of AI and the poster child of smartphones essentially, they were the two first companies to really lead some of these pullbacks and certainly as we saw that uh intensify, it was coming into the throws of conversation, well, these are two names that seem ripe to buy on the dip. The exposure that they already have in a lot of people's portfolio means it's not going to see a lot of just swift outflows uh further intensify from uh a broader long-term perspective here. So ultimately, some of those pullbacks presenting buying opportunities, sure, that makes sense. I think more largely from here it's what are they saying about the demand cycle this coming earning season. We're not going to hear from them for a couple of months, but if they are continuing to signal that despite tariffs, despite some of the geopolitical concerns that partners are expressing or at least talking about and intensively given the tariff conversation was one of the highest markers, hit one of the highest markers that we had seen in what, 10 years in earnings calls in this most recent earning season. I think that's one of the areas where Nvidia could come out to the street and display where they're continuing to see demand despite what every executive has to recognize in some form or another right now. And since we're talking about chips, we're going to talk about the one that I'm actually excited to talk about here too. Not that I'm not excited to talk about Nvidia, but Broadcom here, the company is set to buy back up to 10 billion dollars in shares through the end of 2025, reiterating confidence in the semiconductor industry despite risks posed by tariffs. Now, here's why I was excited to talk about it. Number one, it's I think the number two trending ticker on the Yahoo Finance platform right now, correct me if I'm wrong, as you're seeing shares up right now by about 7% pre-market, despite notching losses over 30% year to date. One of the things that is noteworthy is companies will tend to do this when they see a ripe buying opportunity for their own shares, uh to you know, introduce some of these buyback programs and still more confidence among the investor base out there. That's typically what you hear the companies talk about through these announcements. But even furthermore from here, what I would also say is for the tariff exposure and especially with the China exposure that this company has had in the past, I was taking a look at some of their year-over-year financial statements and they've actually lessened some of the exposure and in a material way to China. It used to be somewhere around 40 to low 30 percentage base of their overall pie. Right now, I think it's sitting at about what, 20 20% of their uh yeah, 20% actually, right on the dot of their sales and their revenue coming in from China in the most recent fiscal year. That is noteworthy because that actually lessens some of that exposure and perhaps also additive to why we're seeing a specific bounce like this if we do see even more of the negotiations move favorable for the US and China trade negotiations.

It it's such great context to give our audience, Brad, just in terms of how many companies have already been chasing this wheel and trying to move their operations to avoid tariffs. I also think it's a great reminder that a company like this can just do a buyback and maybe that will be enough to cushion the stock.