Tech Stocks Tumble Amid AI Supply Concerns and Tariff Uncertainty

U.S. tech stocks led a broad market decline on Tuesday, as concerns about oversupply in AI infrastructure and President Trump's tariff policies on Canada and Mexico dampened investor confidence. The Dow Jones Industrial Average closed up 0.08%, while the S&P 500 fell 0.50%, and the Nasdaq Composite dropped 1.21%, dragged down by large-cap tech stocks.

The cryptocurrency market also experienced a significant sell-off, with Bitcoin falling below $91,000 to its lowest level since February, before rebounding slightly to $92,245, down 3.77% in 24 hours. Ethereum and altcoins also suffered sharp declines, with Ethereum falling below $2,500 and Solana dropping below $140.

In the commodity market, gold prices hit a new high, rising over 0.53% amid concerns about weak U.S. economic growth and increased safe-haven demand. The U.S. dollar index fell by 0.07%, and international oil prices rose by over 0.4% following the U.S.'s announcement of new sanctions on Iran's oil exports.

Market sentiment remains fragile, with uncertainty surrounding Trump's tariff policies and signs of further economic weakness in the U.S. Key upcoming events, such as Nvidia's earnings report, U.S. GDP data, and the Fed's preferred inflation gauge PCE data, could all impact the market.

As investors seek hedging options, a financial trading platform recently launched a USDT stablecoin savings product with an 8% annualized return. However, investors should be aware of market volatility risks and properly allocate their assets.