Nvidia recovers 6% as inflation in the USA falls, Trump goes back to Canadian metals

• Nvidia (NVDA) shares are winning strongly on Wednesday, climbing 6% in mid -morning.
• The US underlying IPC for February was published below the consensus.
• President Trump retreated in his threat to increase steel tariffs in Canada at 50%.
• Canada and Europe announce more tariffs on US products in response to 25% world tariff to Trump’s steel.

NVIDIA (NVDA) He advanced more than 6% on Wednesday after the president of the United States (USA) Donald Trump retreated on the imposition of tariffs on Canadian steel and other metals late on Tuesday.

The Canadian province of Ontario decided to eliminate its 25% tariff on electricity exports to the northern US states, and Trump then withdrew its 50% promise of tariffs on the imports of steel and Canadian metals. However, The Trump 25% tariff on steel and aluminum worldwide continues to apply to Canada, as well as to all other countries.

In addition, the US Consumer Price Index (CPI) for February arrived before the market opening with good news. The underlying inflation fell from 3.3% to 3.1% year -on -year, which was a tenth of a percentage point below the consensus.

Technological actions such as NVIDIA tended to climb with the news of inflation, since the chances of the Federal Reserve (FED) cutting interest rates have now moved in the calendar. The Nasdaq Composite advanced 1.2%, but the industrial average Dow Jones (DJIA) still fell 0.3%.

The latter could be because Canada announced $ 21,000 million in tariffs on US products and Europe responded to Trump’s global steel and metal tariffs with their own tariffs on US agricultural and industrial products.

News about Nvidia’s actions: Tariffs fill the headlines before GTC next week

Nvidia has quoted in the last week up to 31.6% below its maximum of January 7, Since Trump’s commercial policies have taken the center of the stage in financial markets, so Wednesday’s profits are a good sign.

But many observers point out that much of the world’s retaliation tariffs are aimed at private US exports. Canada is limiting US Bourbon exports of Kentucky. Europe is doing something similar, as well as increasing tariffs on American motorcycles and beef. China focuses largely on US agricultural exports.

It is unlikely that tariffs become an important factor for Nvidia, since the world depends on its chips suite centered in AI.

Wedbush Securities issued an upward recommendation on Nvidia’s actions on Wednesday at the prelude to the GTC annual conference of the company scheduled for next week. Wedbush said that the focus on tariffs was simply a distraction of Nvidia’s reign as the leading company in a “AI revolution” of a decade.

“We have been in contact with investors constantly during the last week analyzing the scenarios for Mag 7 and the AI ​​revolution and why we firmly firmly and believe that technological actions will finally reach new historical maximums during the second half of 2025 despite a mass disaster at the beginning of the year,” Wedbush analysts wrote in their note to customers.

From March 17 to 21, Wedbush said that the NVIDIA GTC should renew the approach of investors in the approximately 2 billion dollars in AI technology expenses that will arrive in the next five to seven years. CEO Jensen Huang will give his main speech on March 18.

NVIDIA actions forecast

Nvidia’s actions have quite violently quoted, since the broad market shares market has fallen in response to the commercial war led by Trump. NVDA shares have drilled the previous level of 115 $ on Wednesday, although it seems that this level is demonstrating to be somewhat resistant.

The good thing for the bullies is that NVDA shares found a support around $ 105 in the first two sessions of this week. But all bets are canceled if the action tries this level again. A rupture at 105 could create a flow of vendors that could lead NVDA to a support in $ 92, the support point for the massive collapse of August 5, 2024.

Operators must remain cautious as NVDA continues within a short -term technical bassist trend. NVDA has experienced a lower series of maximum and minimum from the historical maximum of January 7. More importantly, NVDA has lost the ascending support band (in green) that supported the ascending movement in the rally since October 2023. Nvidia’s shares need to operate again above $ 120 to re -enter that support band.

Daily NVDA Shares Graphics