economy
March 5, 2026
Nvidia shares fall on report that Trump is seeking more control of AI chip exports
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Oil prices surged, with West Texas Intermediate topping $80 per barrel.
- Rising oil prices increase fears of inflation, pushing Treasury yields higher.
- Nvidia shares fell due to reports of the Trump administration drafting regulations for AI chip export control.
- The proposed regulations would make the U.S. government a 'gatekeeper for the AI industry'.
- Upcoming economic data includes the non-farm payroll report and January retail sales.
- Economists forecast a 55,000 increase in jobs for February, with average hourly earnings up 3.7% and unemployment at 4.3%.
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