According to The Kobeissi Letter, Nvidia's stock ($NVDA) has erased all gains attributed to tariff exemptions and has turned red on the trading day. This development is significant for traders as Nvidia had previously benefited from tariff exemptions, which now seem to no longer support the stock price. This shift might affect trading strategies focused on Nvidia, as traders may need to reassess their positions given the current market conditions.

According to The Kobeissi Letter, President Trump is granting a 1-month tariff exemption to the Big 3 automakers, as reported by WSJ. This move could potentially impact the automotive sector's stock prices and trade dynamics in the short term.