Jensen Huang, the billionaire founder and CEO of the semiconductor company Nvidia, saw his wealth rise by a staggering $6.6 billion on Tuesday, bringing his total net worth to $92.3 billion. This dramatic increase came after Nvidia’s stock surged by as much as 7% in early trading, marking a notable recovery for the company, which is part of the group of the largest U.S. tech firms often referred to as the “Magnificent Seven.”
The sharp rebound follows a turbulent period for the tech sector, triggered by the Trump administration’s new tariff policies, which had caused a significant market downturn and rattled investor confidence. The boost in Nvidia’s stock price added to Monday’s 3.5% gain, providing some relief after a period of volatility, as shares had fluctuated wildly due to geopolitical uncertainties and the impact of the tariff announcement.
On April 2, the Trump administration unveiled a two-step global tariff plan, which included a 10% baseline tariff on all global imports, effective from the weekend, and a forthcoming “reciprocal” tariff targeting countries that impose higher duties on U.S. products. This move led to a massive $1.8 trillion loss in market value across major tech stocks, causing shockwaves on Wall Street. 
For Nvidia, the tariff announcement was particularly concerning due to the company’s reliance on manufacturing in Taiwan and China, both of which are now in the crosshairs of the new trade policies. In retaliation, China has imposed its own tariffs on U.S. goods, which has left companies like Nvidia vulnerable on both ends of their supply chains.
However, investors have started to reassess the potential impact of these tariffs. Bernstein analyst Stacy Rasgon pointed out that Nvidia’s AI servers, which are imported from Mexico, are exempt from the new tariffs under the United States-Mexico-Canada Agreement (USMCA), which could help shield Nvidia from some of the financial fallout. This exemption was a key factor behind the company’s stock rally.
Nvidia was not alone in its recovery. Shares of other major tech companies, such as Meta, Tesla, and Amazon, saw significant gains, with Meta rising nearly 6%, Tesla climbing just over 5%, and Amazon gaining almost 5%. Microsoft also rose by nearly 4%, while Google and Apple made more modest advances of over 2%.
Despite these recoveries, the long-term outlook remains uncertain. Experts warn that tech companies’ global supply chains are still vulnerable, and the trade dispute could escalate. Apple, for example, manufactures 90% of its iPhones in China, while Tesla and Nvidia both rely on complex international supply routes for their parts and components. As trade tensions persist, investors are bracing for further volatility. For Jensen Huang, however, Tuesday provided a rare moment of reprieve in an otherwise uncertain environment, reminding investors that fortunes can shift rapidly in the tech and trade sectors.