Nvidia Stock Plummets, Bitcoin Sees Decline, and the Trump Bonus Fades: Market News Wrap-Up

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Nvidia Stock Plummets, Bitcoin Sees Decline, and the Trump Bonus Fades: Market News Wrap-Up

Photo: Michael M. Santiago (Getty Images), Anna Rose Layden (Getty Images), Jon Cherry (Getty Images), Scott Olson (Getty Images), Justin Sullivan (Getty Images), Chris McGrath (Getty Images), Brandon Bell (Getty Images), Illustration: Jack Taylor (Getty Images)

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Shares of Nvidia (NVDA), Super Micro Computer (SMCI), and Dell (DELL) experienced significant declines on Monday following Singapore’s announcement of an investigation into whether servers containing banned chips shipped to Malaysia have made their way to the mainland.

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Photo: Michael M. Santiago (Getty Images)

Photo: Michael M. Santiago (Getty Images)

Bitcoin is once again facing extreme volatility, plummeting $10,000 in a single day as its value dropped from $93,000 to $83,000. This decline follows former President Donald Trump’s suggestion to create a strategic cryptocurrency reserve, marking a shift from his previous stance of only accumulating Bitcoin.

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Photo: Anna Rose Layden (Getty Images)

Photo: Anna Rose Layden (Getty Images)

The likelihood of stagflation in the economy appears to be rising as a recent survey revealed that U.S. employers significantly slowed their hiring pace last month, reaching the lowest level since July.

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Photo: Jon Cherry (Getty Images)

Photo: Jon Cherry (Getty Images)

Former President Donald Trump has revealed intentions to establish a strategic cryptocurrency reserve, moving away from his earlier commitment to focus solely on Bitcoin. This reserve will include Bitcoin, which is often described as “digital gold” for its inflation-resisting qualities, along with Ether, the second-largest cryptocurrency, XRP, Solana, and Cardano.

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Photo: Scott Olson (Getty Images)

Photo: Scott Olson (Getty Images)

On Tuesday, the S&P 500 faced a significant downturn as newly imposed tariffs unsettled investors and contributed to a selloff that wiped out all the market gains since President Trump’s election in November.

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Photo: Justin Sullivan (Getty Images)

Photo: Justin Sullivan (Getty Images)

Nvidia (NVDA) shares dropped by 5.7% on Thursday, bringing its year-to-date decline to over 17% amid concerns regarding reduced expenditure on AI. This downturn coincided with a broader selloff that resulted in the tech-heavy Nasdaq 100 declining by 2.8%, with the Composite index down 2.6%.

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Photo: Chris McGrath (Getty Images)

Photo: Chris McGrath (Getty Images)

President Trump has introduced a new initiative for a strategic cryptocurrency reserve, broadening his approach from a Bitcoin-centric strategy to a more diversified one. This reserve will include Bitcoin, frequently referred to as “digital gold” due to its properties that hedge against inflation, along with Ether, XRP, Solana, and Cardano.

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