Stock Market Today: Nvidia Slips Nearly 1% on Tariff Jitters Despite ARK Fund Confidence

Core Viewpoint - Nvidia's stock experienced a slight decline amid renewed tariff concerns affecting the semiconductor sector, yet institutional confidence remains strong as evidenced by significant purchases from ARK Invest [1][2][3] Group 1: Stock Performance - Nvidia's shares fell by 0.97% to close at $178.26, with trading volume at 152.2 million shares, approximately 21% below its average [1] - The broader market also saw declines, with the S&P 500 down 0.49% and the Nasdaq Composite down 0.65% [2] - Nvidia's peers, including Advanced Micro Devices and Broadcom, also faced declines of 1.40% and 1.61% respectively, indicating a sector-wide pullback [2] Group 2: Institutional Confidence - ARK Invest's ETFs purchased a total of 23,211 Nvidia shares, representing an investment of around $4.2 million, with Nvidia constituting about 2.7% of each ETF [3] Group 3: Future Outlook - Bank of America analysts maintained a price target of $220 for Nvidia, citing strong demand for Blackwell GPUs and ongoing strength in AI infrastructure spending [4] - Despite the recent pullback, Nvidia's shares are consolidating just below record highs, indicating strong momentum heading into the next earnings cycle [4]