Nvidia CEO to discuss future customer spending today

Wall Street saw a significant decline on Tuesday, led by a nearly 2% drop in the Nasdaq. This slide followed rallies in the previous sessions for the tech-heavy index, as well as the S&P 500 and the Dow. Major tech stocks, including Meta and Alphabet, fell 4% and 3% respectively. Investors are concerned about the impact of President Trump's tariffs on the economy, creating uncertainty and volatility. Anticipation is building for Nvidia CEO Jensen Huang's keynote at the GTC event. Analysts from Truist suggest that if Huang reveals insights about future customer spending, it could boost investor confidence. Nvidia's stock is currently at a lower valuation, potentially indicating difficulties ahead. Jim Cramer, the founder of the CNBC Investing Club, stressed the importance of Huang's address, hinting that positive information could lead to regret for those who sell. In another development, Wells Fargo announced the termination of a regulatory consent order from 2021. This marks the 11th order cleared since 2019 and the fifth this year. Progress has been noted in Wells Fargo's efforts to improve risk management and comply with regulations. This could be a step towards lifting a significant asset cap imposed by the Fed in 2018, which, if removed, could greatly benefit the bank. At the end of the investing update, several stocks were mentioned, including Block, Ralph Lauren, and Tesla. Jim Cramer's Charitable Trust holds positions in Nvidia, Apple, and Wells Fargo. The Club provides members with trade alerts before any transactions are made, ensuring transparency in their investment strategies.