Both US semiconductor giants have had a wild ride in 2025, driven by the ongoing US-China trade war saga.

The tariff war between the US and China has been through many twists and turns since the start of 2025. The latest episode, in the past week, has seen both countries resume negotiations with a view to extending the tariff truce between both countries. It also led to the shares of both tech companies rising sharply, off the back of the prospect of them being allowed to resume chip sales to China. SRP counts over 30,000 structured products that use Nvidia as an underlying in its database, most of