Nvidia leads Asia shares rebound as investors shrug off Trump's tariff moves.

Asia shares rose on Nvidia's high as investors remained unfazed by Trump's tariff moves. Nvidia's strong performance helped boost the market, with the company's stock up 5% after a Q2 earnings beat. The US-China trade tensions and Trump's tariff announcement on Friday had little impact on investors, as they focused on Nvidia's solid results and outlook.

Wall Street and major European markets closed in the green on Wednesday, brushing off U.S. President Donald Trump's tariff threats on copper and pharmaceuticals. The market's resilience can be largely attributed to Nvidia's (NVDA) strong performance, which saw its stock jump to an all-time high, crossing the $4 trillion market cap milestone. This surge helped boost the market, with the tech-heavy Nasdaq Composite (^IXIC) rising 0.8% and the Dow Jones Industrial Average (^DJI) gaining nearly 0.5%.

Nvidia's stock was up 5% after the company reported a solid Q2 earnings beat. The AI chip maker's demand remains robust despite geopolitical risks, including Trump's new tariffs. The company's stock just reached an all-time closing high of $159.34 on July 3, and it is up 17.8% year-to-date [2].

The tech sector's resilience was bolstered by the company's strong AI initiatives and the broader AI market's growth. Citi analyst Atif Malik raised the firm's price target on Nvidia to $190 from $180, citing the company's artificial intelligence total addressable market expansion [2].

Investors remained unfazed by Trump's tariff moves, focusing instead on Nvidia's solid results and outlook. The president's new tariff threats on copper and pharmaceuticals had little impact on the market. Trump had reignited trade jitters by announcing a 50% toll on copper imports and saying he was looking at 200% tariffs on pharmaceuticals. However, Kathleen Brooks, research director at XTB, found that the market was not taking Trump at his word when it came to tariffs, and the market impact had been limited so far [1].

European markets were also largely unaffected by the risks of a trade war. Germany's DAX hit a new high as it posted a 1.4% gain, matched by the CAC 40 in Paris. London could only manage a gain of just under 0.2% [1].

The market's focus on Nvidia's strong performance and AI initiatives was evident in the stock's performance. The company's stock just reached an all-time closing high of $159.34 on July 3, and it is up 17.8% year-to-date. The stock's strong performance helped boost the market, with the tech-heavy Nasdaq Composite (^IXIC) rising 0.8% and the Dow Jones Industrial Average (^DJI) gaining nearly 0.5%.

The market's resilience can be attributed to several factors, including Nvidia's strong AI initiatives and the broader AI market's growth. Citi analyst Atif Malik raised the firm's price target on Nvidia to $190 from $180, citing the company's artificial intelligence total addressable market expansion [2].

Investors remained unfazed by Trump's tariff moves, focusing instead on Nvidia's solid results and outlook. The president's new tariff threats on copper and pharmaceuticals had little impact on the market. Trump had reignited trade jitters by announcing a 50% toll on copper imports and saying he was looking at 200% tariffs on pharmaceuticals. However, Kathleen Brooks, research director at XTB, found that the market was not taking Trump at his word when it came to tariffs, and the market impact had been limited so far [1].

European markets were also largely unaffected by the risks of a trade war. Germany's DAX hit a new high as it posted a 1.4% gain, matched by the CAC 40 in Paris. London could only manage a gain of just under 0.2% [1].

The market's focus on Nvidia's strong performance and AI initiatives was evident in the stock's performance. The company's stock just reached an all-time closing high of $159.34 on July 3, and it is up 17.8% year-to-date. The stock's strong performance helped boost the market, with the tech-heavy Nasdaq Composite (^IXIC) rising 0.8% and the Dow Jones Industrial Average (^DJI) gaining nearly 0.5%.

References
[1] https://finance.yahoo.com/news/asian-markets-mixed-trump-flags-025535022.html
[2] https://www.thestreet.com/investing/analyst-sends-bold-message-on-nvidia-stock-amid-trumps-new-tariffs