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- Apple orders $1B in Nvidia servers after AI Siri delays
Apple orders $1B in Nvidia servers after AI Siri delays
5 articles I'm watching carefully
Tyler Dupont
March 26, 2025
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Tyler Dupont  Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Apple orders $1B in Nvidia servers after AI Siri delays
Apple is ordering $1B worth of Nvidia GB300 NVL72 systems to build a Gen AI server cluster, partnering with Dell and Supermicro. The move follows Siri development setbacks and marks Apple’s late push into AI data centers. AAPL rose 1.4% while SMCI dropped 2.6%.
Tech lifts S&P 500 amid low consumer confidence and tariff fears
The S&P 500 rose 0.2%, powered by tech as Tesla gained 28% over five days. Consumer confidence hit a 4-year low, and fears of stagflation loom as tariffs raise inflation risks. Bond yields dipped to 4.31%, while sentiment remains fragile amid macro uncertainty.
US consumer confidence drops to 12-year low amid inflation, tariff fears
The Conference Board's index fell to 92.9 in March, missing forecasts, as short-term expectations dropped to 65.2—below recession-warning levels. Tariff concerns and persistent inflation weighed on sentiment, with big-ticket purchases rising ahead of expected price hikes.
🪙 Crypto
Trump-backed venture to launch USD1 stablecoin backed by Treasuries
Trump’s World Liberty Financial will launch USD1, a stablecoin pegged to the dollar and backed by U.S. Treasuries. The firm raised $550M via $WLFI token sales. USD1 will launch on Ethereum and Binance Smart Chain, aiming to compete with Tether and USDC in the $237B stablecoin market.
🌎 Global Economy
OECD flags rising trade fragmentation risks
The OECD warns that rising tariffs and geopolitical tensions could slow global GDP growth from 3.2% in 2024 to 3.0% by 2026. With U.S. tariffs set to rise 25% on Canada and Mexico imports, and core inflation still high, investor confidence and global trade remain under pressure.
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