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Stock Movers: Tesla Down, Nvidia, ASML Drop Over Tariff Concerns, United Rises on Forecast
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April 16, 2025
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3:47Now PlayingNvidia (NVDA) and ASML Holdings (ASML) drop as both companies warn about the costly impact of tariffs on the semiconductor chip industry. Nvidia warned Trump new trade rules could cost the company over $5 billion after the US banned the company from selling its H20 chip in China. ASML Holding NV reported €3.94 billion in bookings for the first quarter, below the expected €4.82 billion, warning shareholders about tariff uncertainty.
United Airlines (UAL) rose after the airline provided two possible earnings scenarios Tuesday, expecting an adjusted profit of $11.50 to $13.50 a share if the current environment remains stable, and $7 a share if the US economy enters a recession.
Tesla (TSLA) is down again after the company halted plans to ship components for Cybercab and Semi electric trucks from China to the US.
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