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Nvidia and AMD Face Market Turbulence Amid Trade Tensions and AI Competition

Nvidia (NVDA) shares continued to slide, reflecting growing anxiety over U.S. trade policies and geopolitical uncertainty. 

Nvidia and AMD logos amidst trade war, best stocks to buy, learn a trade

President Donald Trump's recent announcement of a 25% tariff on automotive imports has reignited fears that semiconductors could face similar levies. While Nvidia’s most advanced chips are produced in Taiwan, the prospect of retaliatory tariffs looms large, threatening supply chains and profit margins.

Adding to the pressure, the U.S. government expanded its trade blacklist, targeting dozens of Chinese companies, including key Nvidia customers like Inspur, China’s leading server maker. These measures could limit Nvidia’s access to the Chinese market, which accounts for a significant portion of its revenue. The company’s stock fell 5.7% on Wednesday and another 1.9% on Thursday, underperforming the broader market.

AI Dominance Remains Nvidia’s Saving Grace
Despite the market turbulence, Nvidia remains a dominant force in artificial intelligence (AI). Major tech players like Amazon (AMZN), Google (GOOG), Meta (META), and Microsoft (MSFT) continue to snap up Nvidia's high-performance GPUs for data centers, keeping revenue growth robust. In fiscal 2025, Nvidia reported an astounding $130 billion in revenue, up from $27 billion in fiscal 2023.

At its recent GTC conference, Nvidia CEO Jensen Huang outlined a vision for “physical AI” applications, expanding beyond data centers into autonomous robots and self-driving cars. Nvidia's Jetson Thor system aims to provide the computational power needed for these innovations, reinforcing the company’s leadership in AI. Analysts project the AI chip market will reach $360 billion by 2030, with Nvidia maintaining a commanding 77% share.

AMD Struggles to Keep Pace
Advanced Micro Devices (AMD) faces growing challenges in its bid to compete with Nvidia. Jefferies recently downgraded AMD’s stock to ‘Hold’ from ‘Buy,’ citing its lagging performance in AI chips. Nvidia's H200 GPUs consistently outshine AMD's MI300x across multiple benchmarks. The upcoming launch of Nvidia’s Blackwell and Rubin processors is expected to further widen this performance gap.

While AMD has made strides in the data center and PC markets, concerns about its AI ambitions persist. Analysts warn that AMD’s AI revenue projections of $10 billion to $15 billion by 2027 may be overly optimistic. Additionally, Intel’s renewed focus on AI under its new leadership could pose further competition. As a result, AMD’s stock fell 4.1% on Thursday, reflecting investor unease.

Outlook: Challenges and Opportunities in the Semiconductor Sector
The semiconductor industry remains highly volatile, shaped by geopolitical tensions, trade policies, and rapid technological advancements. Nvidia’s stronghold in AI offers resilience against market challenges, but ongoing trade restrictions could impede growth. Meanwhile, AMD must accelerate its AI innovation to regain investor confidence.

With governments tightening export controls and imposing tariffs, companies may shift supply chains or invest in domestic manufacturing. For investors, understanding the intricate dynamics of trade policy and technological leadership will be essential to navigating the semiconductor sector’s evolving landscape.


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