T&G Market Recap: Nvidia Dips 8%, Trump’s Tariff Woes, and Bitcoin’s Big Fall 💥📉

Tech stocks lead the sell-off as Nvidia stumbles, Trump doubles down on tariffs, and Bitcoin hits a new low 🚨💰

The stock market hit the brakes hard on Thursday, with tech stocks taking the biggest hit. Nvidia’s earnings report sent the AI-chip giant plummeting by over 8%, while the Nasdaq and S&P 500 both spiraled down into the red. President Trump reignited market concerns by reaffirming his tariff plans, which did nothing to calm the nerves of investors already anxious about the economy.

Here’s what went down:

Nvidia’s Earnings Get Mixed Reviews

Nvidia was supposed to be the big winner this earnings season, but the stock took a dive anyway. While the company beat earnings expectations, its outlook for Q1 raised some serious red flags. The gross margin forecast came in lower than analysts expected, and the chipmaker’s growth projections couldn’t shake investor worries about faltering AI demand and the looming threat of DeepSeek—an AI tech competitor. 😬

The stock initially popped after the earnings beat, but it quickly erased those gains and dropped over 8% by the end of the day. Wall Street isn’t thrilled, and the tech-heavy Nasdaq felt the heat, tumbling by 2.8%. Nvidia wasn’t the only one suffering; semiconductor stocks were hit hard across the board. 📉💻