Stock Market Today: Nvidia Slips Nearly 1% on Tariff Jitters Despite ARK Fund Confidence

Motley Fool
2025.08.05 21:07
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Nvidia (NVDA) fell 0.97% to $178.26 amid trade policy concerns, with former President Trump potentially proposing increased tariffs on semiconductor imports. The broader market also declined, with the S&P 500 down 0.49% and Nasdaq down 0.65%. Despite this, ARK ETFs purchased 23,211 shares of Nvidia, totaling about $4.2 million. Analysts at Bank of America maintain a $220 price target, citing strong demand for Nvidia's products and AI infrastructure spending.