Becker Private Equity & Business Podcast
5 Stories We Are Following This Morning 2-28-25
Fri, 28 Feb 2025
In this episode, Scott Becker covers five key market stories, including Nvidia’s sharp decline below a $3 trillion market cap, Tesla’s 30% drop year-to-date, and Bitcoin’s continued fall from its January peak.
Chapter 1: What stories are being discussed today?
This is Scott Becker with the Becker Private Equity and Business Podcast. We're bringing you today five stories that we're following this morning. And thank you for listening. It's Friday, February 28th, the end of February. From a market's perspective, I think we'll be glad to see this month over. First, the S&P 500 dropped almost 2% yesterday. It's now essentially flat year-to-date.
Chapter 2: What is the latest update on the S&P 500?
Chapter 3: What caused NVIDIA's market cap drop?
Good news is, at least early today, it's pointing up. We'll see if that lasts. So, so far today, it's pointing up based on decent inflation results and reports. Second, NVIDIA dropped nearly 8.5% yesterday, and its market cap also fell to about $2.93 trillion. That's the first time it's been below $3 trillion in some time.
Chip firms, Marvel Technology and Astera Labs also fell on the headwinds of NVIDIA. Third, Tesla is now down 30% year-to-date. Salesforce, another perennial leader, is also down 10% year-to-date. Fourth, Bitcoin is now off 20% from January peak. MicroStrategy and Coinbase also fall and have fallen as Bitcoin fell. Fifth, Oatly, the stock related to oat milk, jumped nearly 20% yesterday.
And that might seem great, but it had fallen about 34% the day before. So essentially rebounded some yesterday. And again, we'll see if the markets rebound some today from a horrendous day yesterday. Thank you for listening to the Becker Private Equity and Business Podcast. We'll be back with you more later today. Thank you very, very much for listening.
New in the DeutschlandCard App, collect points with your banknotes from DM, Rossmann and many other supermarkets and drugstores. Simply scan banknotes, point and save. Now for free with the DeutschlandCard App.