Nvidia Corp.’s stock fell Monday as investors weighed the potential for tariffs to impact chip companies and continued to assess the fallout from DeepSeek. Shares of Nvidia slid 2.8% to rank among the worst performers in the PHLX Semiconductor Index The stock pared losses after President Donald Trump said he had agreed to pause the Mexico tariffs for a month.

Meta Platforms CEO Mark Zuckerberg says the ability to invest heavily in AI infrastructure affords the company a strategic advantage. Microsoft CEO Satya Nadella recently told analysts that demand for AI will increase as the cost to train sophisticated models declines.

Nvidia stock dropped as much as 5% in early trading Monday, extending the prior week’s declines as investors reacted to Trump’s new tariffs. US president Donald Trump on Satur