Fitch Ratings said in a note that the tariffs are raising the dangers of an economic recession in much of the world.
It added that Strategy’s addition of Bitcoins creates “real value” for shareholders beyond just exposing them to a new asset class.
Google was reportedly in advanced talks to rent Nvidia Blackwell chips used in artificial intelligence applications from CoreWeave.
The company now expects its fiscal 2025 revenue to be between $275 million and $285 million, a 5% decline from the lower end of its earlier forecast at the midpoint.
Analysts expect the company to report quarterly earnings per share of $3.7 on revenue of $1.03 billion.
Asian markets closed mostly lower on Thursday, led by Japan’s Nikkei 225 Index, which plunged 2.77% before settling at an eight-month low, while European stocks started sharply lower.
As part of its first-quarter earnings preview for brokers and asset managers, Citi’s analysis considered the ongoing uncertainty in the markets.
At the same time, the company is pressing forward with its business combination with Tempo, which values the combined enterprise at $904 million.
Based on the total dollar volume of purchases for fiscal 2024, 72% of its products were sourced from Asia
Investor sentiment was also boosted by Lucid reporting a 58% jump in first-quarter deliveries to 3,109 cars, taking its year-to-date tally to over 5,300.
