Nvidia is an American company, but the majority of its chips are fabricated offshore by Taiwan Semiconductor Manufacturing, so they are technically imported products. However, Trump exempted semiconductors from his "Liberation Day" tariffs on imports, as he understands the importance of keeping the U.S. at the forefront of AI technology.

Nvidia stock stumbled early in 2025, but rising AI investments from Meta, Amazon, and Google could spark a major rebound. Here’s what investors need to know.