Tariffs Take a Toll on Tech Stocks
Nvidia's shares fell on Monday as concerns mounted over AI-related spending and the impact of new tariffs set to take effect. Shares of Palantir were up on Monday as Wedbush analyst said the company's unique software value proposition means it actually stands to benefit from initiatives by Elon Musk's Department of Government Efficiency. The chip manufacturer seems cautious about limitations on the export of AI chips.
- The escalating trade tensions and their potential impact on the global semiconductor industry could lead to a shortage of critical components, exacerbating the challenges faced by tech companies like Nvidia.
- How will the emergence of a strategic crypto reserve encompassing Bitcoin and other cryptocurrencies under President Trump's administration affect the overall cryptocurrency market and its regulatory landscape?