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đ Stocks Plunge
Plus: BTC Sinks
Good Morning & Happy Friday!
Markets are reeling as Nvidiaâs stock plunge drags down tech, Trumpâs new tariffs spark tension with China, and Bitcoin tumbles to its worst month in nearly two years. Plus, if youâve got $1,000 to invest, weâve got some Buffett-approved stock picks for you.
Grab your flat white and let's get into it! âď¸đď¸
Markets
đť 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 Trumpâs 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.
đľ The Best Warren Buffett Stocks to Buy With $1,000 Right Now
Warren Buffettâs 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.
𧨠Nvidia CEO Pushes Back Against Wall Street Doubts
Nvidia CEO Jensen Huang aimed to reassure investors during the companyâs fourth-quarter earnings call, but Wall Street wasnât 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 DeepSeekâs AI models, which could reduce the need for Nvidiaâs high-end Blackwell GPUs. On top of that, Amazon and Googleâs custom chip development threatens to cut into Nvidiaâs dominance. Investors remain wary, questioning whether Big Tech will continue shelling out for Nvidiaâs expensive chips in the long run.
đ¨đł China vows to retaliate after Trump threatens another 10% tariff hike
China is pushing back against Trumpâs latest tariff threat, warning of retaliation if necessary. The Ministry of Commerce said Friday that it âfirmly opposesâ the planned 10% tariff hike on Chinese imports set for March 4, the same day as Chinaâs annual parliamentary meetings.
âIf the U.S. insists on its own way, China will take all necessary countermeasures,â 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.
đ¤ Bitcoin Down 25% From All-Time High as Crypto Rout Worsens
Bitcoinâs selloff intensified Friday as investors fled to safer assets following Trumpâs 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 Bitcoinâs 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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Quick News
Amazon Joins the Quantum Chip Race with âTransformativeâ Ocelot.
EBay Stock Sinks on Soft Revenue, Gross Merchandise Volume Outlook.
What To Expect From Friday's Report On Inflation.
Trump vows March 4 tariffs for Mexico, Canada, extra 10% for China over fentanyl.
Donald Trump opens door to US-UK 'real trade deal' in meeting with Starmer.
Americaâs appetite for gold is âsuckingâ bullion out of other countries.
Hong Kong stocks set for best month since Sept on Chinaâs DeepSeek optimism.
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