The chip maker's shares were falling with the wider market after the U.S. president said he intends to impose levies on imported semiconductors.

Nvidia crossed below its 200-day moving average this week for the first time since 2023. Analysts say the correction could deepen.

Chinese startup DeepSeek said it trained its AI model for less than $6 million, compared to the billions of dollars U.S. tech companies are spending. Nvidia stock plummeted in one trading session on concern that certain customers may opt for cheaper AI chips.