Trump’s tariffs spark increased selling activity in Nvidia shares

Nvidia (NVDA) shares surged as much as 8% intraday before closing lower, mirroring the trend seen across other so-called ‘Magnificent Seven’ stocks. The shift was driven by changing investor sentiment amid growing concerns over US trade policy.

The Trump administration has officially confirmed sweeping new tariffs, imposing a blanket 10% levy on all imported goods alongside retaliatory duties targeting 15 trading partners, including a staggering 104% tariff on Chinese imports. Set to take effect April 9, the measures risk disrupting critical global supply chains that many US tech firms, including Nvidia, heavily rely on.

Yet, investor appetite for NVDA shares persists. According to Bloomberg, a leveraged Nvidia ETF has pulled in over $500 million in inflows over the last week. This highlights the speculative sentiment among some market players amid heightened volatility.

Another sign of strong interest in the tech sector has been the record inflows into triple-leveraged ETFs tracking the Nasdaq 100 and semiconductor stocks, including Nvidia, despite their recent correction.

These inflows suggest that some traders are willing to take on risk in hopes of a sharp rebound. However, fundamental uncertainty—particularly around trade tariffs—continues to weigh on the tech sector.

From a technical point of view, NVDA is forming a downtrend on the daily chart (D1). The expanding descending channel—with sustained high volatility—reflects growing panic sentiment and market uncertainty. The Bears Power indicator (default parameters) staying negative confirms sellers remain in control.

Signal:

The short-term outlook for NVDA suggests selling. 

The target is at the level of 76.40.

Part of the profit should be taken near the level of 87.10.

A stop-loss could be placed at the level of 110.05.

The bearish scenario is medium-term, so a trading volume should not exceed 2% of your balance.