📈 Stocks / Finance

Nvidia, Semiconductor Stocks Struggle After Tariff Impact

Investor’s Business Daily

Semiconductor stocks, led by Nvidia, saw mixed movements as investors weighed potential rebounds following sharp declines due to Trump's "Liberation Day" tariffs. Analysts caution that, despite Nvidia’s AI servers being shielded from tariffs, market sentiment remains negative due to a cyclical demand downturn and tariff-induced uncertainty. Nvidia’s price target was reduced by analysts, with further downside risk predicted for the sector.

Apple Price Target Cut Amid Tariff Fallout

Investor’s Business Daily

Wedbush analyst Daniel Ives lowered Apple’s price target to $250 from $325, citing significant risks from Trump's "tariff Armageddon." With 90% of iPhones produced in China, Apple faces substantial impact, and while supply chain diversification is underway, it remains vulnerable. Analysts expect uncertainty to persist, potentially affecting consumer demand and pricing strategies for Apple’s products.

Trump Urges Fed Rate Cuts Amid Market Turmoil and Tariff Fallout

Yahoo Finance

President Trump called for the Fed to cut interest rates as markets continued their decline, citing low oil and food prices along with no inflation. As the S&P 500 and global markets faced heavy losses, Trump threatened additional tariffs on China while defending his policies. Analysts, including JPMorgan’s Jamie Dimon, warned of short-term inflation and slowed growth, with concerns over a potential recession looming.

🪙 Crypto

Crypto Expert Warns XRP Price May Crash if It Fails to Break $2.3 Resistance

Trading View

XRP is holding support at $2 amid market volatility, but its next move hinges on breaking the critical $2.3 resistance level. If successful, it could surge towards $3.00–$3.20, but failure to break this barrier may result in continued consolidation. A bearish analyst warns that XRP’s price could crash to $0.6, reflecting broader market pressure.

🌎 Global Economy

Recession Fears Grow as Tariffs Weigh on Global Economy

BBC 

The stock market’s sharp declines due to Trump’s tariffs have heightened concerns about a potential recession. While stock market drops don’t always signal economic downturns, rising costs and falling profits suggest a higher likelihood of recession. Key indicators like copper and oil prices have also fallen, adding to worries. Analysts now see increased recession risks in the US, UK, and EU, though the scale of the downturn remains uncertain.