Morning Bid: Trump Tariffs Take Spotlight as Nvidia neither Hot nor Cold
Nvidia's financial report card on Wednesday came and went without much fanfare, with forecasts being strong but not sensational and gross margins declining, albeit with a promise of rising by mid-year. Demand for high-power computing remained alive and well, despite initial concerns from China's AI competitor DeepSeek. The market's focus shifted to the latest developments in Trump's trade wars, including the threat of tariffs on European cars.
- This laser-like focus on the U.S. economy and Donald Trump's trade wars could be a sign of broader market anxiety about global economic uncertainty.
- How will the ongoing trade tensions between the US and Europe impact the trajectory of monetary policy decisions by central banks in the coming months?