Nvidia is the premiere AI stock and Donald Trump's second term as president is likely to provide a mix of headwinds and tailwinds to the chipmaker.
Despite recently reporting stellar third-quarter results, NVDA stock fell and is now down 10% from the all-time high hit just a few weeks ago.
Trade tariffs could lead to retaliatory actions, but Trump's support of AI, along with Elon Musk overseeing appointment of an AI czar, could tip the balance in favor of Nvidia.
The more Nvidia does, the more investors want, as seen with a revenue surge of 94% year-over-year, yet the stock still faced pressure.
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