Investors are digesting better-than-expected inflation data and bracing for the next move in Trump's escalating trade war.

Tech stocks soared Wednesday morning after a better-than-expected inflation report injected the market with a little optimism and extended yesterday’s AI stock rebound. Shares of Tesla (TSLA) were up 7% in recent trading,

In a stunning turn of events, the Nasdaq Composite has completely cratered and is now down over 13% since Feb. 18 (as of this writing). The culprit has been a combination of U.S. President Donald Trump's tariffs and weak economic data that could be pointing to a recession,

It was another up-and-down day for stocks as market participants weighed encouraging inflation data against the latest tariff headlines.

Nvidia (NASDAQ: NVDA) stock has been a fantastic medium- and long-term winner and even a winner over the last year. But shares of the artificial intelligence (AI) chip and technology leader have been having a tough time recently.