Shares of NVIDIA, Taiwan Semiconductor Manufacturing Co (TSMC) and AMD have all wobbled, responding in part to news that Trump might implement a 25% tariff on semiconductors shipped to the U.S. The possible tariffs are said to be part of Trump’s plan to try to get more semiconductor and AI-related manufacturing in the U.

In the Trump 2.0 era, a few weeks with no action is long enough to make markets complacent. But Asia woke up Friday after the president said he intended to impose an additional 10% tariff on Chinese

Plus, the delayed 25% tariffs on Mexico and Canada will go into effect on March 4, Trump writes in a Truth Social post that blames all three countries for the US fentanyl problem.

Nvidia CFO Colette Kress said gross margins are expected to be in the "low 70s" as Blackwell production ramps up before improving later in the year.

Nvidia reported its fourth-quarter results after Wednesday's closing bell. Investors and analysts have focused on early sales of the company's new Blackwell line.

Nvidia's quarterly outlook on Wednesday suggested demand from Microsoft , Amazon and other heavyweight tech companies racing to build out AI infrastructure remains robust, though the outcome failed to significantly quell fears of overspending in the booming industry.