📈 Stocks / Finance

Quantum Shock: Nvidia CEO’s Comments Send Stocks Tumbling

Investor’s Business Daily

Nvidia CEO Jensen Huang's claim that quantum computing won't be 'very useful' for 15-30 years triggered a sell-off, with Rigetti down 45%, IonQ 39%, and others sharply lower. Analysts argue the market overreacted, given ongoing quantum applications. Nvidia's upcoming 'Quantum Day' may shift sentiment again.

Futures rebound as markets brace for jobs data

CNBC

Stock futures edged higher after Thursday’s sharp sell-off, with Dow, S&P 500, and Nasdaq futures up 0.2%, 0.4%, and 0.5%, respectively. Investors remain unsettled by shifting tariff policies, as major indexes head for their worst week since September. February’s payroll report, expected at 170K jobs, looms as the next key market mover.

Nintendo’s Sharpest Drop in Seven Months Amid Market Jitters

Yahoo Finance

Nintendo shares fell as much as 8.4% in Tokyo, marking their steepest decline since August, as global funds pulled out of high-performing Japanese stocks. The Solactive Japan Games & Animation Index, up 14% YTD, is now under pressure, with Sony and Bandai Namco also slipping amid broader equity sell-offs.

🪙 Crypto

Trump Establishes $17.5B Bitcoin Reserve Ahead of Crypto Summit

CNN

President Trump issued an executive order creating a Strategic Bitcoin Reserve, stocked with 200,000 BTC seized in asset forfeitures, valued at $17.5B. The order also established a US Digital Asset Stockpile. Critics warn of price instability, while Trump’s policies continue to impact crypto markets.

🌎 Global Economy

China Expands Fiscal Stimulus Amid Trade Tensions

CNBC

China raised its on-budget deficit to 4% of GDP, the highest since 2010, and plans to issue 1.3T yuan in ultra-long-term bonds to boost consumption. Officials reaffirmed a 5% growth target despite trade tensions with the U.S., emphasizing self-reliance in tech innovation as Washington tightens restrictions.