Nvidia, the semiconductor maker that vies with Apple and Microsoft for the title of world’s most valuable company, advanced early Tuesday after two consecutive days of declines.The shares closed lower Monday before President-elect Donald Trump said he would raise tariffs on China,

The Dow Jones Industrial Average fell after news that President-elect Trump may impose tariffs on goods from China, Mexico and Canada. Nvidia rose after two days of sharp declines.

The AI chip maker reported a 94 percent increase in revenue but depends on manufacturing plants in Taiwan, which Trump claims “stole our chip business.”