The daily chart below indicates Nvidia could be heading for a retest of a former breakout level, near a cup-base pivot at the round $150 mark. That level proved formidable in both November and January,

The arrangement crafted by the Trump administration is “unusual,” analysts told CNBC, but underscores the president's transactional nature.

Several top Senate Democrats are urging President Trump to walk back a deal with Nvidia and AMD that would allow the companies to sell artificial intelligence (AI) chips to China after they agreed to share 15 percent of revenue from sales.