Semiconductor stocks, including the chief of the AI chip Nvidia (Nvda), hesitated on Monday while investors deliberated by buying the VS dive catch a fall knife.
On Stock market todayThe Nvidia stock alternated between gains and losses. Nvidia’s shares ended the regular session up 3.5% to 97.64.
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The semiconductor index of Philadelphia, known as SOX, also hesitated. The SOXs include the 30 largest semiconductive actions exchanged in the United States, the SOX closed the regular session up 2.7%.
Thursday and Friday, the actions of semiconductors and technological actions fell largely in response to the prices of the “liberation day” of President Donald Trump, which he announced on Wednesday evening.
In a customer note on Monday, Bernstein analyst Stacy Rasgon reiterated his outperformance note on Nvidia action with a price objective of 185. But he expressed prudence, given the climate of the current market.
Nvidia’s actions were “completely hammered with everything else after Trump’s price rate,” he said. “We do not know where Nvidia (or anything else) will be at the bottom in the short term. But we think that the story of AI is always real. And once things settle (let’s hope it soon!) The stock at these levels is probably worth a look.”
Nvidia’s data center servers for artificial intelligence will probably avoid the weight of Trump prices, he said.
“The analysis suggests that the majority of NVIDIA AI server server expeditions probably come from Mexico,” said Rasgon. “Mexico products that comply with the American-mexico-Canada (USMCA) agreement are (from now) exempt from all the new prices of the order of Trump last week.”
Last year, around 60% of NVIDIA AI American servers were from Mexico and around 30% came from Taiwan, he said.
“We also note the suppliers of Nvidia (are currently) building more Mexico factories,” said Rasgon. Thus, “the mixture will probably increase”.
Negative feeling for semiconductor stocks
Elsewhere in Wall Street, Jordan Klein, Mizuho Securities analyst, said that Mizuho Securities ‘trading-desk analyst said that investors’ feeling in semiconductor actions “could not be much worse”.
The feeling was already low before Trump’s prices because most flea manufacturers are mired in a cyclic slowdown in demand, Klein said in a customer note. It is the gentle PC sales result, smartphones, automobiles and other finished products that use semiconductors. The market previously hoped for a resumption of the second half 2025 in the demand for fleas.
“The new prices have completely upset any real hope or confidence in a rebound in 2:25,” said Klein.
And the only hot segment, IA data center chips, cooling earlier due to concerns about a possible withdrawal of infrastructure expenses.
Stocks of semiconductors and hardware stores are “approaching levels of occurrence”, but there are many reasons to be careful, Klein said on Monday.
NVIDIA action obtains a drop in price target
The next season of profits in the first quarter will probably not help semiconductor actions, Deutsche Bank Ross Seymore analyst said on Sunday in a customer note.
“Overall, we expect the semiconductor stocks to remain under pressure due to tariff concerns,” said Seymore. “To reflect this increased risk, we reduce the price objectives in our coverage universe by 10% somewhat symbolic, and we are impatient to make more enlightened adjustments throughout the profit season.”
All in all, Seymore has lowered its price objectives on 16 actions of semiconductors, including Arm holdings (ARM),, Labs Astera (Alab),, Broadcom (Avo) And Marvell technology (MRVL).
He reduced his target of courses on Nvidia’s actions to 135 from 145 and reiterated his conservation rating.
“In general, we expect deaf prints / guides during the benefit of the 1T25, because the current demand linked to AI is offset by a cyclic rebound still in a half-basic difficulty … and a potentially weakening world macroeconomic perspectives,” said Seymore.
Meanwhile, JPMorgan analyst Harlan Sur said he saw the potential of more drawbacks for semiconductor stocks.
“Here in 2025, shares (semiconductors) having already decreased by around 25% to 30% since tariff concerns have surfaced, we find the potential of more than 10% (fork from 5% to 15%) in the next six months,” said on a customer note on Monday.
Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSEITZ For more stories about consumer technology, software and semiconductor stocks.
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