April 8, 2025 – Semiconductor stocks staged a modest recovery on Monday, with AI chip leader Nvidia (NVDA) climbing 3.5% to close at $97.64 and the Philadelphia Semiconductor Index (SOX) gaining 2.7%. The uptick follows a bruising sell-off late last week, triggered by President Donald Trump’s “Liberation Day” tariffs announced Wednesday, which sent tech stocks tumbling amid fears of disrupted trade and higher costs.
The tariff shock compounded existing woes for chipmakers, already grappling with soft demand for chips in PCs, smartphones, and cars. Analysts warn the sector’s hoped-for recovery in late 2025 is now in jeopardy.
With stocks volatile and sentiment shaky, the upcoming earnings season could prove pivotal for Nvidia and its peers.
