CNBC Daily Open: Nvidia’s Slump and Trump’s Renewed Tarifs Rocked Markets

Us President Donald Trump Said Chiursday He Bold Give Tariffs on Canada and Mexico, which are temperarily paiused, the go-ahead, with separely threating on Wednesday to Slap a 25% Levy Oned European Union.

Thos are some of the US ‘closest allies and biggest trade partners. Expect geopolitical friction and economic fallout if the tariffs are implemented.

Some of the repercussions might have been already. Jobless Claims in the US for the Week Ended Feb. 22 rose more than expected and were the highhest since early October. Big tech companies, such as Google, Meta and Microsoft, Have Announced Layoffs This Year-Who Such Cost-Cutting Measures Measures May Not Have Been A Direct Response to Tariffs, Thei ARANE ERLY SIGN OF What things out look like when companies try to deal with Increased Import Pries.

Nvidia might also be staring down the barrel of a gun. Most of Nvidia’s Advanced Artificial Intelligence Chips are manufactured by tsmc in taiwan. Trump, on His Campaign Trial, Has Complained that Island Stole The Us’ Chip Business, And Said He Would Impose Tariffs on Chips from Taiwan.

Shares of nvidia plummeted thursday after the chipmaker Announced Earnings Wednsday, Wiping out Billions in Market Capitalization. If tariffs on taiwan are implemented as well, the picture will look well uglier, and not just for the chipmaker.

Nvidia loses $ 273 billion in value
Nvidia Shares Plunged 8.5% on Thursday, wiping out $ 273 billion in value And giving the company a market capitalization of $ 2.94 trillion. That makes Apple The only member of the $ 3 trillion club. So far in 2025, nvidia shares have lost 10% of their value, as the company faces investor concerns about export controls, tarifs, more efficient Artificial Intelligence and An Overallal Slowing Pace of Growth.

Trump Says Tarifs will go ahead
Us President Donald Trump on Chiursday said in a Truth social post on thursday morning that his proposed 25% tariffs on mexico and canada will go into effect March 4He also said china will face an additional 10% tariff – on top of that country already faces – on the same date. Reciprocal tariffs, which will apply to us’ global trade partners, will kick in April 2, trump added. Meanwhile, trump threatened to impose a 25% tariff on the European Union,

Markets Slump over tariffs and nvidia
Us markets were jolted on Thursday By tariff jitters and a plunge in nvidia shares. The S & p 500 Retrated 1.59%, the Down jones Industrial Average Dropped 0.45% and the Nasdaq composite Fell 2.78% The Pan-European Stoxx 600 Index Lost 0.46%, Weighed down by the auto sector Falling 4% As it reacted to trump’s threat of tarifs on the eu. Shares of aerospace and defense firm Rolls-royce Jumped 16% on upbeat guidance,

Higher-That-Expected Jobless Claims
Us Jobless Claims for the Week Ended Feb. 22 Totaled a seasonally adjusted 242,000, up 22,000 from the previous week’s revised level and higher than the down the down the downs estimate for 225,000, according to a US labor department report Thursday. The level of claims mathed the highhest since Early October 2024 and Comes AMID Questions Over Browder Economic Growth and Worrying Signs in Recent Consumer Signment Surveys.

Google Cuts Jobs
Google Told staffers this week in its “People operations,” The company’s human relations division, and its cloud unit that it is Planning layoffs as a part of internal reorganizationsCNBC has learned. Some affected employees’ roles in google’s cloud unit are being relocated to India and mexico city, according to sources and internal correspondence viewed by CNBC. The number of layoffs is unclear.

(Pro) Gold Might Hit $ 3,000, Analysts Say
Central Banks from Around the world have been scooping up gold in recent years, lifting the precious metal to record levels. Now, with Persistent Geopolitical Tensions, Along With Inflation and Trade Concerns, Bullion Cold Soon Reach $ 3,000 for the first timeAnalysts Think. There are a few ways for investors to Gain Exposure to Gold, with Having their own feet and risks.

Qatar Attracts VC Fund Manners to Doha With Its $ 1 Billion ‘Fund of Funds’

The Qatar Investment Authority’s $ 1-Billion Funds of Funds Program-Which Invests in Both International and Regional VC Funds-Is Designed to Bolster Investments in AS TECHNOLOGY and HEAS Qatar looks to diversify away from its dominant oil and gas industry.

Now, it’s accepted its first group of venture capital fund manners. B Capital, A Tech-Focused Firm LED by Facebook Co-Founder Eduardo Saverin, is amon the group of vcs set to launch in doha, opening its first middle East office in the Qatari CAPITALAL. Raj Ganguly, Co-CEO of B Capital, Hailed The Gulf State’s Approach to Artificial Intelligence, and Its Support for the Sector, as of Particular Interest.