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Tariffs hit the US stock market again, with the Nasdaq down 2%, NVIDIA down nearly 6%, and Tesla down over 5%. The Chinese concept Index rebounded strongly, while New Copper continued to reach new highs.
The three major US stock indexes fell for the first time in four days, with Technology stocks leading the decline. The chip index dropped over 3%; Super Micro Computer fell nearly 9%. The China concept index ended six consecutive declines. The Autos Sector fell over 2%, leading the decline in European stocks. The yield on the ten-year US Treasury bond rebounded, nearing a four-week high. Following the announcement of auto tariffs, the USD hit a three-week high. Bitcoin briefly fell over 2000 dollars. Crude Oil Product reached a new high this month, with Brent Oil rising for five consecutive days. Gold has retreated.
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The US stock market has fallen sharply again, and NVIDIA has suffered a heavy loss! A well-known Analyst revealed: Microsoft has abandoned its new Datacenter project in the US and Europe.
According to TD Cowen Analysts, Microsoft has abandoned new Datacenter projects in the USA and Europe, which were originally planned to consume 2 gigawatts of Electrical Utilities. The Analysts attribute this move to an oversupply of Computer clusters supporting AI operations. A related report from TD Cowen in February had already attracted significant attention, stating that Microsoft has canceled multiple lease agreements with various private Datacenter operators. Microsoft’s latest response stated, "While we may strategically adjust or slow down the pace of infrastructure development in certain areas, we will continue to maintain strong growth in all regions." On Wednesday, the rebound in US stocks abruptly stopped, with NVIDIA experiencing a decline of 6% at one point.
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