Nvidia shares surged nearly 7% after President Trump and Treasury Secretary Scott Bessent signaled a softer approach toward China, according to TipRanks. Despite the rally, investor Nexus Research warned that Nvidia could face a steep 50 to 60% decline. Nexus cited Huawei’s global push to capture Nvidia’s lost China sales, which comprised 13% of fiscal 2025 revenue. Nexus also flagged signs of an AI slowdown, with Microsoft and Amazon reportedly canceling or delaying data center leases. Nexus maintains a neutral Hold rating on Nvidia, viewing the stock as potentially undervalued despite near-term risks.
