Nvidia Leads Market with 577.54 Billion Trading Volume Amid Tariff Concerns
1min read On April 7, 2025, Nvidia's trading volume reached 577.54 billion, making it the top performer in the day's stock market. Nvidia's stock price increased by 3.53%.
Nvidia's stock has been under significant pressure due to market reactions to Trump's trade tariffs. However, semiconductors are currently exempt from these tariffs, which reduces the immediate impact on the company. Despite the selloff, some analysts believe nvidia may avoid the full impact of the proposed tariffs. Bernstein analyst Stacy Rasgon examined Nvidia's latest financials and suggested that the company's strong fundamentals could mitigate some of the negative effects.
Nvidia has a history of delivering strong earnings reports, but over the past three quarters, the earnings and guidance beats have been narrowing. This trend has raised concerns among some investors about the company's future performance. However, Wall Street analysts remain largely bullish on Nvidia, with 39 out of 42 analysts still rating the stock a buy. The average price target for Nvidia is $176, implying an 85.62% upside potential.
Despite the recent volatility, demand for Nvidia's chips remains strong. Analysts are maintaining their full-year revenue estimates, which call for a 57% increase. This suggests that the recent dip in Nvidia's stock price may present a buying opportunity for investors who believe in the company's long-term prospects.
