Nvidia (NVDA), Super Micro Computer (SMCI), and Dell (DELL) shares plunged Monday after Singapore said it’s investigating whether servers shipped to Malaysia containing chips barred from China ended up in the mainland.
Bitcoin’s notoriously volatile again, shedding $10,000 in a single day as its price tumbled from $93,000 to $83,000. This is all because of President Donald Trump’s proposal to establish a strategic cryptocurrency reserve — a pivot from his earlier stance of exclusively stockpiling Bitcoin.
The odds of the economy slowing while inflation stays fast — stagflation — may be increasing as a new survey showed that U.S. employers drastically curtailed their hiring last month to the slowest pace since July.
President Donald Trump has announced plans to create a strategic crypto reserve, shifting gears from his earlier promise to stockpile Bitcoin. Trump’s cryptocurrency reserve will consist of Bitcoin, often referred to as “digital gold” for its ability to hedge against inflation, along with Ether, the second-largest cryptocurrency by market cap, XRP, Solana, and Cardano.
The S&P 500 took a sharp hit on Tuesday as newly implemented tariffsrattled investors’ confidence and continued a selloff that has now fully erased the market’s gains since the election of President Donald Trump in November.
Nvidia (NVDA) stock fell 5.7% on Thursday, bringing its decline this year to more than 17% amid concerns about declines in spending on AI, amid a general selloff in that took the tech-centered Nasdaq 100 down 2.8%. The wider Composite index fell 2.6%.
President Trump has unveiled a new proposal for a strategic crypto reserve, shifting his focus from a Bitcoin-only reserve to a more diversified approach. His plan involves a reserve comprising Bitcoin — often dubbed “digital gold” for its inflation-hedging properties — alongside Ether, XRP, Solana, and Cardano.
