Nvidia shares fell nearly 9 percent on Monday following US President Donald Trump’s confirmation that tariffs on imports from Canada and Mexico would take effect on Tuesday, according to CNBC.
The decline came amid a broader market downturn. The Dow Jones Industrial Average, which includes Nvidia, dropped 800 points, or 1.8 percent, while the Nasdaq Composite fell more than 3 percent.
After the drop, Nvidia’s stock returned to levels last seen in September, before the US presidential election. The company’s market capitalization, which had previously reached $3tn, fell to $2.79tn, with $265bn erased from its valuation.