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🚀 Trump re-ignites Tariff War
The AI Stock Poised to Soar Under Trump’s $500B Plan
Nvidia was a standout opportunity back in February 2019, delivering a massive 490% return.
Now, there's another under-the-radar AI stock, 2,500x smaller than Nvidia, with significant potential. And with Trump’s recent $500 billion AI push, the timing couldn’t be better.
Market Overview
Read time 1.4 minutes
Year To Date Performances:
Dow Jones | 43,737.26 | 2.80% |
S&P 500 | 5,962.38 | 1.37% |
Nasdaq | 18,997.48 | -1.62% |
Russell 2000 | 2,167.88 | -2.79% |
TSX | 25,316.43 | 2.38% |
Bitcoin | $84,629.60 | -8.39% |
Ethereum | $2,327.45 | -30.11% |
US to Canadian Dollar | $1.44 | 0.53% |
Trump announced tariffs on Mexico and Canada will take effect March 4, ending a one-month pause, citing unverified claims of drug trafficking. He also imposed an additional 10% tariff on China, raising total U.S. duties on Chinese imports to 20%. The move contradicted earlier White House comments suggesting tariff decisions would follow an April 1 study. Markets reacted with initial Dow futures losses, later recovering. Trump also reaffirmed April 2 reciprocal tariffs and March 12 global 25% steel and aluminum tariffs, making tariffs a key part of his second-term economic agenda.
Pending home sales hit their lowest level on record in January, dropping 4.6% from December and 5.2% year-over-year, as high mortgage rates and elevated prices strained affordability. The Northeast saw a sales increase, while the West and South declined sharply, despite the South being a historically active market. Mortgage rates stayed above 7% throughout January, further deterring buyers. Inventory grew 17% year-over-year, but supply remains unevenly distributed, limiting sales recovery. While some prices are easing, they remain higher than last year, keeping affordability a key barrier for buyers.
Weekly jobless claims jumped to 242,000, up 22,000 from the previous week, exceeding expectations and marking the highest level of the year. The increase comes amid concerns over economic growth and job cuts in the federal workforce due to Trump’s downsizing efforts. Washington, D.C. saw a 26% spike in claims, while other areas remained stable. Meanwhile, durable goods orders surged 3.1% in January, possibly as businesses moved to purchase before Trump’s March 4 tariffs on Mexico, Canada, and China take effect. The U.S. economy grew at 2.3% in Q4, with inflation indicators slightly revised upward, keeping the Fed’s next move uncertain.
Headlines
Nvidia CEO Huang claims that AI will get 100x more powerful in future than ChatGPT.
Paramount has ended all DEI policies in response to Trump’s executive order.
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