Semiconductor stocks plunged for the second straight day as investors weighed the impact of President Donald Trump's tariffs on imports. Nvidia stock was among those hard hit.

Amid the market turmoil following Trump’s “Liberation Day” tariffs, Nvidia (NVDA) took a hit as a symbol of risk-on-stock investing and global

America’s top tech stocks plunged after Donald Trump’s tariff announcements, with the so-called Magnificent 7 — Nvidia, Apple, Alphabet, Microsoft, Meta, Amazon, and Tesla — losing more than a trillion dollars in collective value the next day and continuing their bleeding on Friday.

The so-called Magnificent Seven stocks don’t seem so magnificent these days after new tariffs from the Trump administration sent their shares plunging, with all seven now in bear market territory.

The chips are down. Chip stocks fell Friday, losing ground on the second trading day after President Donald Trump unveiled a set of global tariffs that sent stock markets dramatically lower—and the first since China announced its own retaliatory measures.

But just two weeks ago, CEO Jensen Huang suggested his company was well positioned in a trade war, saying Nvidia could be more insulated from tariffs and even a recession. At the company’s GTC conference on March 19,

Altimeter Capital CEO Brad Gerstner told CNBC that he remains bullish on Nvidia despite President Trump's tariffs and their impact on the broader economy.

Shares of Nvidia and other semiconductor companies slid amid a flurry of tariffs between the U.S. and Asian countries that could subdue electronics demand and hinder Big Tech’s artificial-intelligence infrastructure buildout.

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures, after Trump tariffs trigger the major indexes' worst week since the March 2020 Covid crash.The stock market suffered a meltdown this past week,