📈 Stocks / Finance

Chip giants Nvidia and SMCI plunge amid tariff fears

Investor’s Business Daily

Nvidia is down 23% YTD and SMCI has dropped over 70% from its highs as new U.S. tariffs on Taiwan and South Korea spook investors. Analysts warn against bottom-fishing, citing bearish trends and extended consolidation risk in the semiconductor sector.

Apple braces for tariff fallout amid escalating trade war

Yahoo Finance

Apple faces renewed pressure as Trump’s reciprocal tariffs spark market volatility. While details are scarce, analysts warn higher import costs could hit Apple’s margins and supply chain. Shares have dipped alongside broader tech losses, with $5T erased from U.S. markets since February

Barclays leads finance peers with strong YTD gains

Yahoo Finance

Barclays (BCS) is up 18.4% YTD, outpacing the finance sector's 3.3% average and its Banks - Foreign industry’s 11% gain. With a Zacks Rank #1 and a 37% rise in full-year EPS estimates, analyst sentiment is bullish. Banco Do Brasil (BDORY) has surged 30.9% YTD with similar momentum.

🪙 Crypto

Crypto slides as tariffs trigger over $450M in liquidations

Pymnts

Bitcoin fell to $82K and Ethereum dropped below $1,800 after Trump’s tariff announcements sparked $450M in crypto liquidations. Analysts see short-term volatility but note tariffs could erode USD dominance, boosting long-term appeal of BTC as ‘digital gold’.

🌎 Global Economy

Global markets tumble as Trump’s tariffs spark recession fears

The Guardian 

Trump’s sweeping tariffs triggered a global sell-off, with the FTSE 100 down 1.5%, the Dax 2.3%, and the dollar falling nearly 2%. Asian markets plunged, U.S. futures dropped sharply, and oil fell 5.8% as fears of a global recession intensified. Gold hit a record $3,167.50.