Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout
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In April 2025, tariffs and China export curbs pulled Nvidia Corp. NASDAQ:NVDA far below its long-term trend. Nineteen months later, the stock is back in that same territory, and this time the trigger is the company’s own chief executive.On Monday, the rest of the chip sector
Directly affected
- NVDA Nvidia-8.4% 30d
Named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- SMH VanEck Semiconductor ETF-16.4% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.
- FXI iShares China Large-Cap ETF-5.1% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- NKE Nike+6.7% 30d
Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- AAPL Apple+3.9% 30d
Apple (electronic computers): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- CAT Caterpillar-31.9% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere-2.2% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| NVDA | +8.30% | +7.21% | base | -4.60% | after close | after close | after close |
| XLI | +4.34% | +4.15% | base | +4.24% | after close | after close | after close |
| XRT | +1.17% | +4.73% | base | +3.68% | after close | after close | after close |
| SMH | +9.57% | +8.79% | base | +5.09% | after close | after close | after close |
| FXI | -4.96% | -1.02% | base | -0.84% | after close | after close | after close |
| NKE | +1.40% | +4.92% | base | +3.80% | after close | after close | after close |
| AAPL | -1.08% | +2.09% | base | +2.37% | after close | after close | after close |
| CAT | +9.84% | +5.82% | base | +7.10% | after close | after close | after close |
| DE | -0.85% | +0.44% | base | +3.33% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout TradingView
Source: TradingView
Price since this story was published: Vaneck Etf Trust (SMH)
| Company | When | Move | Status |
|---|---|---|---|
| AAPL | that day | +2.37% | final price |
| AAPL | three days earlier | +2.09% | final price |
| AAPL | five days earlier | -1.08% | final price |
| Caterpillar (CAT) | that day | +7.10% | final price |
| Caterpillar (CAT) | three days earlier | +5.82% | final price |
| Caterpillar (CAT) | five days earlier | +9.84% | final price |
| Deere (DE) | that day | +3.33% | final price |
| Deere (DE) | three days earlier | +0.44% | final price |
| Deere (DE) | five days earlier | -0.85% | final price |
| FXI | that day | -0.84% | final price |
| FXI | three days earlier | -1.02% | final price |
| FXI | five days earlier | -4.96% | final price |
| Nike (NKE) | that day | +3.80% | final price |
| Nike (NKE) | three days earlier | +4.92% | final price |
| Nike (NKE) | five days earlier | +1.40% | final price |
| Nvidia (NVDA) | that day | -4.60% | final price |
| Nvidia (NVDA) | three days earlier | +7.21% | final price |
| Nvidia (NVDA) | five days earlier | +8.30% | final price |
| Vaneck Etf Trust (SMH) | that day | +5.09% | final price |
| Vaneck Etf Trust (SMH) | three days earlier | +8.79% | final price |
| Vaneck Etf Trust (SMH) | five days earlier | +9.57% | final price |
| Select Sector Spdr Tr (XLI) | that day | +4.24% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | +4.15% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | +4.34% | final price |
| Spdr Series Trust (XRT) | that day | +3.68% | final price |
| Spdr Series Trust (XRT) | three days earlier | +4.73% | final price |
| Spdr Series Trust (XRT) | five days earlier | +1.17% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar bought Nvidia (NVDA), worth $1,001 - $15,000 on 23 Oct 2026. That is 17 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Nvidia (NVDA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 38 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Cleo Fields bought Nvidia (NVDA), worth $1,001 - $15,000 on 1 Oct 2026. That is 39 days before publication. Filed 22 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Nike (NKE), worth $15,001 - $50,000 on 28 Aug 2026. That is 73 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Nike (NKE), worth $15,001 - $50,000 on 27 Aug 2026. That is 74 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Nike (NKE), worth $100,001 - $250,000 on 21 Aug 2026. That is 80 days before publication. Filed 8 Oct 2026. View the filing.
- Sen. Shelley M Capito sold Apple (AAPL) (held by a spouse), worth $1,001 - $15,000 on 21 Oct 2026. That is 19 days before publication. Filed 4 Nov 2026. View the filing.
- Rep. Pete Sessions sold Apple (AAPL) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 38 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Apple (AAPL) (held by a spouse), worth $100,001 - $250,000 on 22 Sep 2026. That is 48 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 42 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 38 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 42 days before publication. Filed 19 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Vaneck Etf Trust (SMH)
Companies tied to this story
- SMH Vaneck Etf Trust
In “Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout,” Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence. Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story
- CAT Caterpillar
Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout.” Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- DE Deere
In “Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- WMT Walmart
For “Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- NKE Nike
In “Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout,” Nike (NKE) is linked, with no stored direction, medium confidence. Reason on file: Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- NVDA Nvidia
For “Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout,” Nvidia (NVDA) is linked, with no stored direction, medium confidence. Reason on file: Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story
- XLI Select Sector Spdr Tr
In “Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- XRT Spdr Series Trust
For “Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout,” Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
Vaneck Etf Trust (SMH)
“Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout” (9 Nov 2026) reaches Vaneck Etf Trust (SMH) through this story.
Vaneck Etf Trust (SMH) is on the page because VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story
Caterpillar (CAT) is here too. Its reason reads: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
The price range for Vaneck Etf Trust (SMH), and the dates in the story
CAT traded between 550.88 and 811.83 across 20 sessions. The latest close on file is 558.57. DE traded between 619.47 and 686.86 across 20 sessions. The latest close on file is 672.00. SMH traded between 506.51 and 639.33 across 20 sessions. The latest close on file is 508.07.
What the saved facts support for Vaneck Etf Trust (SMH)
46 out of 100
“Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.