Squawk on the Street SOTS 2nd Hour: Trump Tariffs Latest, Nvidia Takeaways, Cracking Down on Eggflation 2/27/25
Feb 27, 2025
The latest tariffs announced by President Trump have sent shockwaves through the stock market, raising concerns for tech stocks like NVIDIA. The hosts dive into the implications of these tariffs on trade with China, Mexico, and Canada. They also debate NVIDIA's earnings results with CEO insights and discuss Tesla's potential PR troubles amidst leadership distractions. Additionally, the ongoing issue of rising egg prices is addressed, along with a glimpse into Trump's controversial gold card visa aimed at attracting wealthy foreigners.
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Tariff Impact on Demand
- Tariffs on Chinese imports could hurt demand if they cause a price shock.
- This could weaken consumer confidence, which is already slipping due to various economic factors.
Nvidia's Peak Performance
- Nvidia's Q4 performance might be its peak due to high customer spending.
- Future sales to China face pressure from potential restrictions and competition.
Nvidia's Data Center Growth
- Nvidia is experiencing robust data center growth with Blackwell's fast ramp-up.
- Supply constraints and increased pricing from TSMC affect gross margins.