Nvidia(US:NVDA) Mei Ri Jing Ji Xin Wen·2025-03-29 11:14Group 1 - The U.S. stock market experienced a significant decline on March 28, referred to as "Black Friday," primarily driven by consumer confidence data from the University of Michigan, which indicated a drop in consumer sentiment and rising inflation expectations [1][3][4] - The S&P 500 index fell by 1.97% to 5580.94 points, the Nasdaq Composite dropped by 2.7% to 17322.99 points, and the Dow Jones Industrial Average decreased by 1.69% to 41583.9 points, marking the second-largest single-day drop of the year [3][4] - The consumer survey revealed short-term inflation expectations increased from 4.9% to 5%, the highest since November 2022, while long-term expectations rose to 4.1%, the highest since 1993 [4][6][10] Group 2 - The Atlanta Fed's GDPNow model revised the U.S. first-quarter GDP annualized growth rate down to -2.8%, indicating a potential economic contraction [4][13] - The dollar index has declined by 5.38% since its peak in January, contrasting with the rising gold prices, which reached $3086 per ounce, reflecting a shift in safe-haven assets [4][20][17] - Analysts warn that the upcoming tariffs announced by former President Trump could exacerbate inflationary pressures and negatively impact consumer confidence, leading to concerns about potential stagflation or recession [12][15][11] Group 3 - Elon Musk's xAI announced the acquisition of X in an all-stock deal, valuing xAI at $800 billion and X at $330 billion, indicating a strategic move to integrate data and AI capabilities [30][33] - The merger aims to leverage X's vast data resources to enhance xAI's competitive position against rivals like OpenAI [33][34] - CoreWeave, an AI cloud provider closely associated with Nvidia, went public with a volatile stock performance, raising $1.5 billion in the largest tech IPO since 2021, highlighting the growing interest in AI infrastructure [37][39]