Since 2025 began, Nvidia's stock has fallen by more than 30%, shedding more than $1 trillion in value off the company's market cap. Yet Nvidia's end markets are still growing by leaps and bounds, especially when it comes to data center revenue tied to the artificial intelligence (AI) sector.

Singapore Prime Minister Lawrence Wong said on Wednesday there was little comfort in the U.S. postponing most of its proposed "reciprocal" tariffs, saying the changes had already created great uncertainty around the world.

Levies on certain U.S.-made microchips have been dropped, importers say. Meanwhile, China denied President Trump’s claims that talks to reduce tariffs are happening.