Trump might raise taxes and tariffs or impose export restrictions that can have some undesired effects on Nvidia, but I guess that's likely short term and shouldn't affect the business fundamentally. Mega corporations like Nvidia will always have BCPs and other backups in place for different scenarios.

But then again, we are talking about Trump here, and he's been known to pull stunts and surprises that nobody expects. So the next 4 years will be full of surprises (hopefully more pleasant ones than bad ones).

Hence regardless, it's always important to invest in strong companies with good management team that has proven to produce results regardless of market conditions. Then any pull backs will be opportunities to get more shares at discounts.