Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 15.7% in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries,

It’s been rough for Nvidia (NVDA) shareholders lately as they have watched the company’s value plummet alongside a larger market selloff

HSBC analyst Frank Lee slashed his price target from $175 to $120 as he downgraded Nvidia's stock from a buy to a hold. Lee believes Nvidia will struggle to continue raising prices on its cutting-edge artificial intelligence (AI) chips, pointing to the lack of a significant bump for the newest B300 and GB300 Blackwell hardware.