📈 Stocks Plunge

Plus: BTC Sinks

Author

Journals GG
February 28, 2025

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Good Morning & Happy Friday!

Markets are reeling as Nvidia’s stock plunge drags down tech, Trump’s new tariffs spark tension with China, and Bitcoin tumbles to its worst month in nearly two years. Plus, if you’ve got $1,000 to invest, we’ve got some Buffett-approved stock picks for you.

Grab your flat white and let's get into it! ☕️👇️

Markets

🔻 Stocks Plunge as Nvidia Earnings Spark Tech Sell-Off
Wall Street took a hit Thursday, with major indexes sliding as Nvidia shares tumbled despite strong earnings and investors reacted to Trump’s latest tariff announcement.

  • Nasdaq plummeted 2.8%, marking its worst day in a month.

  • S&P 500 fell 1.6%, Dow dipped 0.5%, adding to recent market volatility.

  • Trump confirmed new tariffs on Mexico, Canada (March 4) and China, fueling economic uncertainty.

💵 The Best Warren Buffett Stocks to Buy With $1,000 Right Now
Warren Buffett’s success comes from his long-term investing strategy, holding strong companies for years through Berkshire Hathaway. His patience and stock-picking skills have made him one of the wealthiest investors of all time. If you have $1,000 to invest, here are three top Buffett-approved stocks worth considering right now.

🧨 Nvidia CEO Pushes Back Against Wall Street Doubts
Nvidia CEO Jensen Huang aimed to reassure investors during the company’s fourth-quarter earnings call, but Wall Street wasn’t convinced. Shares had already fallen more than 7% in 2024, and despite strong earnings, they plunged another 8% Thursday as doubts about AI spending persisted.

The biggest concern? The rise of DeepSeek’s AI models, which could reduce the need for Nvidia’s high-end Blackwell GPUs. On top of that, Amazon and Google’s custom chip development threatens to cut into Nvidia’s dominance. Investors remain wary, questioning whether Big Tech will continue shelling out for Nvidia’s expensive chips in the long run.

🇨🇳 China vows to retaliate after Trump threatens another 10% tariff hike
China is pushing back against Trump’s latest tariff threat, warning of retaliation if necessary. The Ministry of Commerce said Friday that it “firmly opposes” the planned 10% tariff hike on Chinese imports set for March 4, the same day as China’s annual parliamentary meetings.

“If the U.S. insists on its own way, China will take all necessary countermeasures,” a spokesperson stated, urging Washington to avoid past mistakes. Beijing is calling for a return to negotiations, but tensions between the two economic giants continue to escalate.

🤔 Bitcoin Down 25% From All-Time High as Crypto Rout Worsens
Bitcoin’s selloff intensified Friday as investors fled to safer assets following Trump’s latest tariff threats. The cryptocurrency plunged 7.1%, hitting its lowest level since early November and extending its losses to 27% from its all-time high just weeks ago.

The broader crypto market also took a hit, with Ether, Polkadot, and XRP all down over 7%. If Bitcoin’s decline holds, February will mark its worst month since June 2022, underscoring the volatility shaking the market.

An important caveat is that drops this large are pretty normal in Crypto, even in years where Bitcoin has performed very well.

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