Headlines

• Stock market today: Nasdaq, S&P 500 sell-off as Nvidia sinks 8%, Trump reiterates tariff plans

PCE is getting released tomorrow.

• Weekly jobless claims jump to 242,000, more than expected in latest sign of economic softening

First of the two important economic metrics got released.

• Trump says Mexico, Canada tariffs will start March 4, plus additional 10% on China

Reiterates reciprocal tariffs on April 2nd.

• Nvidia stock sinks over 8%, market cap dips below $3T as earnings are no match for sky-high expectations

Huang says “demand for Blackwell is extraordinary”. Unless something mind-blowing came along, investors would have sold at the news anyway, especially in this climate. What people need is a catalyst to fall, it can be anything.

• Nvidia CEO Huang says AI has to do ‘100 times more’ computation now than when ChatGPT was released

• OpenAI Unveils GPT-4.5 Model

Access is currently limited to Pro users. Claims the model gets more facts right, is more emotionally responsive and makes conversations better.

• Trump Declares: ‘No NATO for Ukraine’

“It’s not gonna happen, it’s just not gonna happen. That’s what started this whole thing.”

• Mortgage rates hit 2025 low as economic jitters mount

30-year mortgage rate fell to 6.76% from 6.85%. US10Y yields dropped 8% YTD.

• Pending home sales drop to the lowest level on record in January

Pending sales are signed contracts for existing homes, gives near-term outlook on home sales

• Meta plans to release standalone Meta AI app, CNBC reports

Another chatbot en route.

• Why Tesla’s stock has given up nearly all of its Trump election gains

Shares fell 40% from December highs. Some blame his participation in the politics

• Dell forecasts upbeat full-year profit on cost cuts, robust AI server demand

• Qatar attracts VC fund managers to Doha with its $1 billion ‘fund of funds’

I would have thought $1b is child’s money to VC fund managers.