Risk-on markets like stocks and cryptocurrencies have tumbled on fears of recession, prompting analysts to describe the situation as a "reverse Trump trade," a negative shift in sentiment in response to President Donald Trump's policies.

What happened: Nvidia Corp. NVDA, one of Wall Street's hottest stocks and widely considered a barometer of the overall sentiment, has plummeted over 22% since Trump took office and more than 23.5% since his election victory last year. 

The artificial juggernaut has suffered a double blow, first with the introduction of China’s low-cost AI model DeepSeek and then with Trump’s hard position on tariffs that spooked the broader risk-on sector.

See Also: Eric Trump’s ‘Great Time’ To Buy ETH Backfires? Ethereum Plunges 30% Since His Buy Call

Comparatively, Bitcoin BTC/USD, the world's leading cryptocurrency, has held up well, trading 20% higher since election day. This despite the apex cryptocurrency's slump to a four-month low on Monday.

As a result, iShares Bitcoin Trust ETF IBIT, the exchange-traded fund tracking Bitcoin's spot price, was up 13.66%.

So, if you invested $1000 in both the assets, hoping to profit from Trump’s presidency, the Nvidia bet would have reduced it to $764, while the Bitcoin ETF would have grown to $1,136.

Price Action: Shares of Nvidia closed 5.37% lower at $106.98 during Monday's regular trading session, according to data from Benzinga Pro. IBIT shares plunged 9.14% to close at $44.91.

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