Tech Stocks Decline as Markets React to Tariff Uncertainty and Nvidia Earnings Loom

US markets wavered Monday with the Nasdaq dropping 1.2% and Nvidia facing scrutiny over competition and tariffs ahead of its earnings report.

The Nasdaq Composite fell 1.2% on Monday, led by declines in tech stocks including Nvidia, Microsoft, and Amazon, as investors assessed tariff risks and upcoming earnings.
President Donald Trump reaffirmed plans to proceed with tariffs on Mexico and Canada following a one-month delay, raising concerns for businesses and consumers.
Nvidia's earnings report on Wednesday is expected to address competition from China's DeepSeek, whose efficient AI models have challenged industry dynamics.
Apple announced a $500 billion US investment plan over four years, including a new AI-focused manufacturing facility and 20,000 jobs, potentially to mitigate tariff impacts.
The S&P 500 and Dow Jones showed mixed performance, with the S&P 500 down 0.5% and the Dow up 0.5%, supported by gains in defensive stocks and companies like Nike.