Nvidia shares slump as Trump tightens export controls

Confirmation that its H20 AI chips will need a license to be exported to China has hurt Nvidia’s shares, after a volatile two weeks following the announcement of sweeping tariffs on US imports

The Nvidia logo appears on a mobile phone, and a stock market graph is on a laptop screen in the background
(Image credit: Firdous Nazir/NurPhoto via Getty Images)

Nvidia’s shares are enduring a challenging year, down 16.5% since the start of January, as of close on 15 April. President Donald Trump’s tariff regime has added huge volatility to Nvidia’s share price.

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Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.