Nvidia, the semiconductor maker that vies with Apple and Microsoft for the title of world’s most valuable company, advanced early Tuesday after two consecutive days of declines.The shares closed lower Monday before President-elect Donald Trump said he would raise tariffs on China,

Trump's proposed tariffs on Mexico causing Nvidia and Intel suppliers to reassess manufacturing strategies, impacting stock performance and potential trade war risks.

The AI chip maker reported a 94 percent increase in revenue but depends on manufacturing plants in Taiwan, which Trump claims “stole our chip business.”