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Nvidia positioned to weather Trump tariffs, chip demand 'off the charts,' says Altimeter's Gerstner

  • President Trump announced new tariffs on Liberation Day, which impacted global markets negatively.
  • Ongoing trade tensions and concerns about AI spending created challenges for many corporations.
  • Stock futures plunged, with Nasdaq futures dropping 3.3% to 19,905.75 amid a sharp selloff.
  • Deutsche Bank's Jim Reid stated that the tariffs were extraordinary in scale.
  • The tariff announcement triggered after-hours declines, increasing fears of a U.S. Recession.
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Hindustan Times broke the news in New Delhi, India on Wednesday, April 2, 2025.
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