Nvidia Stock Gains. Why It’s Shrugging Off Chip Tariffs.

Nvidia chips are the favored choice for training artificial-intelligence models. (Courtesy NVIDIA)

Nvidia was rising early on Thursday, in line with the wider semiconductor sector amid relief about broad exemptions for planned U.S. chip tariffs.

Nvidia shares were up 1.5% at $182.04 in  premarket trading. The stock rose 0.7% on Wednesday.

President Donald Trump said on Wednesday he would put a roughly 100% tariffs on all chips coming into the U.S., but exempt companies that have promised to manufacture domestically. That is likely to include Nvidia’s key supplier, Taiwan Semiconductor Manufacturing .

Nvidia declined to comment on how the tariffs are likely to affect the company.

Among other chip makers, Advanced Micro Devices was rising 2.1% and Broadcom was up 1% in premarket trading.

Write to Adam Clark at adam.clark@barrons.com