Nvidia Corp.’s stock is declining in Monday action as investors weigh the potential for tariffs to impact chip companies and continue to assess the fallout from DeepSeek. Shares of Nvidia are down 3.4% in midday action to rank among the worst performers in the PHLX Semiconductor Index The stock has pared losses with President Trump now saying he has agreed to pause the Mexico tariffs for a month.

The U.S. stock market sold off Monday as Wall Street digested President Donald Trump’s tariffs on Canadian, Chinese and Mexican goods set to go into effect Tuesday, though much of the losses were concentrated in Michigan’s auto sector and Silicon Valley.

Nvidia’s (NVDA) stock price is down at the time of writing as it extends last week’s declines. This downturn was triggered by investors

Nvidia shares fell further below the 200-day moving average in early trades on Monday. President Donald Trump's tariffs on China, Mexico and Canada will go into effect on Tuesday. Late Wednesday last week,

The chip maker's shares were falling with the wider market after the U.S. president said he intends to impose levies on imported semiconductors.