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The Iran-backed Houthi terrorist movement has yet to enter the conflict on Iran’s side but in recent days has been ratcheting up its rhetoric in support of Tehran, with its leader, Abdul Malik al-Houthi, declaring that it was prepared to enter the war against the U.S. and Israel if necessary.

‘Regarding military escalation and action, our fingers are on the trigger, ready to respond at any moment should developments warrant it,’ al-Houthi said on Thursday.

‘The reason why the Houthis have not intervened is they are last line of resistance for the axis. Especially after other axis members were degraded,’ Nadwa Al-Dawsari, an expert on Yemen and an associate fellow at the Middle East Institute, told Fox News Digital.

The official slogan of the Houthi movement (Ansar Allah) reads, ‘Allah is Greater. Death to America. Death to Israel. Curse on the Jews. Victory to Islam.’ 

Al-Dawsari, who has written extensively about Yemen and the Houthis, said: ‘I think the Houthis will intervene at some point. The longer the war continues, the more likely the Houthis will intervene. I think what the Houthis want to do — and they have been itching for a while to do — is to attack the Saudis. If the Saudis intervene, the Houthis will find a reason to attack the Saudis.’

The Islamic Republic of Iran formed an ‘Axis of Resistance’ prior to Hamas’ invasion of Israel on Oct. 7, 2023. Iran’s axis coalition of Shiite and Sunni terrorist proxies, includes the Lebanon-based Hezbollah, Hamas and Palestinian Islamic Jihad in the Gaza Strip, the Houthis, Shiite militias in Iraq, and the now-defunct Baathist regime in Syria.

Within the first few weeks of his administration, President Joe Biden launched a reset with the Houthis and pressured the Saudis to end the war against the bellicose Houthi movement. ‘The war in Yemen must end,’ Biden declared in his first major foreign policy speech about the Mideast in February 2021.

Biden’s reversal of American support for the Saudi-led allies in their war against the Houthis was also coupled with his administration de-listing the Houthis as a foreign terrorist organization. President Donald Trump swiftly reimposed the terrorist designation for the Houthis at the start of his second term and launched military strikes against the terrorists in Yemen.

Al-Dawsari said another reason why the Houthis have yet to join the conflict is that it’s not in the interests of Iran’s Islamic Revolutionary Guard Corps (IRGC) ‘to drag the Houthis into a suicidal war.’ She argues ‘If the Iranian regime collapses, and if a new regime emerges, I think the IRGC will regroup in Yemen or Somalia. Yemen is the key ally.’

There has been discussion between the IRGC and Houthis about why the ‘Houthis’ continued existence is of strategic importance to the IRGC,’ she said.

‘The IRGC can’t afford to lose the Houthis. Yemen is so important to them. They need to preserve the Houthis for tomorrow for the IRGC to continue even after the regime,’ Al-Dawsari continued.

She noted that ‘Houthis have established themselves in the Horn of Africa. The IRGC is behind the Houthis. Intervention might be symbolic by the Houthis.’ She continued that Iran’s ‘tactic now is to prolong the war and widen it across the region and to put more pressure on the U.S.’ 

In May 2025, Trump announced that the U.S. would stop its air bombing campaign against the Houthis because, he said, the Houthis ‘don’t want to fight.’

‘They just don’t want to, and we will honor that. We will stop the bombings,’ Trump said. The Houthis had launched attacks against commercial vessels in the Red Sea, as well as the Jewish state, to support their ally Hamas in Gaza.

Al-Dawsari said after the Trump announcement the Houthis did not attack American ships. ‘They know Trump does not joke. They know they will suffer consequences.’

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President Donald Trump is vowing to reject signing any new bills into law until the SAVE America Act is passed by the Senate, a tall order with just 53 Republicans seated and the 60-vote filibuster threshold a high hurdle.

‘Great Job by hard working Scott Pressler on Fox & Friends talking about using the Filibuster, or Talking Filibuster, in order to pass THE SAVE AMERICA ACT, an 88% issue with ALL VOTERS,’ Trump wrote Sunday morning on Truth Social. ‘It must be done immediately.’

‘It supersedes everything else,’ Trump added. ‘MUST GO TO THE FRONT OF THE LINE.’

The vow to halt all new law signings is a new one coming from the White House and notable because of the Senate hesitation to follow the urgings of Sen. Mike Lee, R-Utah, to force the Senate to bring the bill forward through the talking filibuster.

‘I, as President, will not sign other Bills until this is passed,’ Trump’s post continued, ‘AND NOT THE WATERED DOWN VERSION – GO FOR THE GOLD: MUST SHOW VOTER I.D. & PROOF OF CITIZENSHIP: NO MAIL-IN BALLOTS EXCEPT FOR MILITARY – ILLNESS, DISABILITY, TRAVEL: NO MEN IN WOMEN’S SPORTS: NO TRANSGENDER MUTILIZATION FOR CHILDREN! DO NOT FAIL!!!’

While Senate Majority Leader John Thune, R-S.D., has publicly acknowledged a willingness to bring a vote on the SAVE America Act before the upper chamber, there is hesitation within the Republican Party about forcing the talking filibuster under the current Senate rules.

The talking filibuster would force Democrats to speak on the Senate floor to argue against a voter identification position widely supported by Americans, as Trump noted, but it would also force Republicans to sit in attendance with a quorum. That has been rebuked by longtime Senate GOP veterans as something that would ‘waste time.’

Former Senate GOP leader Mitch McConnell, R-Ky., has been publicly opposed to forcing a talking filibuster because of the time constraints it would force on the Senate GOP, and he remains one of the few Senate Republicans not signing on to support the SAVE America Act.

Another development that clouds the SAVE America Act filibuster is the recent appointment of Sen. Markwayne Mullin, R-Okla., to serve as the next Department of Homeland Security secretary, perhaps resigning from the Senate by the end of March.

Fox News Digital reached out to Mullin’s office for comment. McConnell’s office declined to comment on Trump’s Truth Social vow to block all new law signings amid the standoff on the DHS funding that has the government in a partial shutdown and the Senate sitting on the House-passed SAVE America Act.

‘We’re going to have a vote on this, but in terms of what the president is willing to sign, Maria, we need to get the Department of Homeland Security funded,’ Senate Majority Whip John Barrasso, R-Wyo., told Maria Bartiromo on ‘Sunday Morning Futures.’

‘The Democrats have blocked that right now. And the greatest threat to the American people today is terrorism. So I want to make sure that the Democrats work with us to pass and fund the Department of Homeland Security, because I’m worried about the lone wolf, the sleeper cells and the cyber terrorism that’s coming our way because of what Iran is telling people around the world to do to continue this reign of terror,’ Barrasso said.

Getting to 60 votes in the Senate is unlikely with just Sen. John Fetterman, D-Pa., as the lone potential Democrat vote to side with the Senate GOP on the SAVE America Act.

‘The Democrats are against so many of the things that I think help this country,’ Barrasso added to Bartiromo. ‘They’d rather stand with illegal immigrant criminals than with the safety and security of the American people. I want to get the SAVE Act to the floor. I want to have a vote.’

‘That’s the next step on this need to get the Department of Homeland Security open and funded,’ he continued. ‘The Democrats are bowing to the liberal left: The people that want to eliminate ICE, the people that want open borders again, and the people that really aren’t looking out for the best interest of the American people.

‘As the president said in the State of the Union, it is the first duty of the American government to protect American citizens, not illegal aliens. But that’s what not one single Democrat stood up for that when every Republican stood and cheered loudly.’

Barrasso, the Senate GOP member whipping up support, considers the SAVE America Act ‘common sense.’

‘You want to make sure that only citizens can vote,’ he concluded to Bartiromo. ‘You want to make sure that when people show up, they have a photo ID to prove they are who they say they are. You need a photo ID to buy a beer, to board a plane, all of those things. And it’s 90% popular with the American people. The only people against this are the Democrats because they want to make it easier to cheat.’

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SpaceX and Tesla CEO Elon Musk gave a two-word retort after Anthropic leader Dario Amodei claimed in an interview that he isn’t sure if his company’s AI models have gained consciousness.

‘Anthropic CEO says Claude may or may not have gained consciousness, as the model has begun showing symptoms of anxiety,’ read a post on X by cryptocurrency-based prediction market Polymarket, to which Musk replied, ‘He’s projecting.’ 

The comment from Musk, who is also the founder of xAI, comes as Anthropic is at odds with the Pentagon over its use in a separate matter.  

In an interview with The New York Times, Amodei, when asked about AI and consciousness, said, ‘We’ve taken a generally precautionary approach here,’ and, ‘We don’t know if the models are conscious.’

‘We are not even sure that we know what it would mean for a model to be conscious or whether a model can be conscious. But we’re open to the idea that it could be,’ he continued. 

‘We’re putting a lot of work into this field called interpretability, which is looking inside the brains of the models to try to understand what they’re thinking. And you find things that are evocative, where there are activations that light up in the models that we see as being associated with the concept of anxiety or something like that. When characters experience anxiety in the text, and then when the model itself is in a situation that a human might associate with anxiety, that same anxiety neuron shows up,’ Amodei also told the Times. 

The interview comes as the Trump administration is moving federal agencies away from Anthropic after the tech company pushed back against the War Department’s usage of its tools.

The Pentagon has called for Anthropic to allow the Department of War to utilize the company’s artificial intelligence product for ‘all lawful purposes,’ but Amodei has suggested the government could potentially use their product for ‘mass domestic surveillance’ or ‘fully autonomous weapons,’ and that the company would not be willing to allow such use cases.

President Donald Trump said last Friday, ‘The Leftwing nut jobs at Anthropic have made a DISASTROUS MISTAKE trying to STRONG-ARM the Department of War, and force them to obey their Terms of Service instead of our Constitution. Their selfishness is putting AMERICAN LIVES at risk, our Troops in danger, and our National Security in JEOPARDY.’ 

‘Therefore, I am directing EVERY Federal Agency in the United States Government to IMMEDIATELY CEASE all use of Anthropic’s technology. We don’t need it, we don’t want it, and will not do business with them again! There will be a Six Month phase out period for Agencies like the Department of War who are using Anthropic’s products, at various levels,’ Trump added on Truth Social.

Secretary of War Pete Hegseth later wrote on X, ‘In conjunction with the President’s directive for the Federal Government to cease all use of Anthropic’s technology, I am directing the Department of War to designate Anthropic a Supply-Chain Risk to National Security. Effective immediately, no contractor, supplier, or partner that does business with the United States military may conduct any commercial activity with Anthropic. Anthropic will continue to provide the Department of War its services for a period of no more than six months to allow for a seamless transition to a better and more patriotic service.’ 

Fox News Digital’s Alex Nitzberg contributed to this report. 

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. – One week into the U.S. and Israeli attacks on Iran, two Republican senators on the Senate Armed Services Committee say the military operation has ‘degraded’ Tehran’s ability to strike back.

But in exclusive interviews with Fox News Digital, Sens. Rick Scott of Florida and Ted Budd of North Carolina emphasized that the fighting will not lead to U.S. involvement in ‘forever wars’ in the volatile Middle East.

‘Our military is doing a great job,’ Scott said. And pointing to Iran, he said, ‘They want to destroy America. We’ve got to stop them.’

Budd highlighted that ‘we have significantly degraded Iran’s ability to shoot back at us… their capacities are degraded. We’ve had great success.’

Budd and Scott were interviewed as they attended an economic conference in Florida hosted by the Club for Growth, an influential and politically potent conservative group that pushes for fiscal responsibility.

President Donald Trump, who called for Iran’s ‘unconditional surrender,’ said on Saturday that Tehran will be ‘hit very hard’ and warned the U.S. is considering ‘areas and groups’ not previously considered to target.

Over the past week, ‘Operation Epic Fury’ has widened in scope as Iran has retaliated against a growing number of nations in the region. This week, the Republican-controlled House and Senate, in separate votes nearly entirely along party lines, rejected moves by Democrats to restrict the president’s ability to steer the fighting.

The president said on Thursday, in an interview with Axios, that he should be involved in choosing Iran’s next leader. Iranian Supreme Leader Ayatollah Ali Khamenei was killed in the initial strikes against Iran a week ago.

And there are concerns among many on the right that the strikes against Iran could lead to prolonged American military involvement in the region, which Trump has repeatedly campaigned against during his three runs for the presidency.

‘Trump doesn’t want to be in forever wars. Every time I’ve talked to him, he doesn’t want that,’ Scott said. ‘But I think what we do want to make sure we don’t have another Ayatollah that wants to… chant Death to America and death to our allies and try to destroy us.’

Budd added that ‘we’re not up for forever wars. We want to get in, get this thing done, get out and have peace for our country and the rest of the region.’

The latest Fox News national poll indicated that American voters are divided on the U.S. and Israeli strikes on Iran, even as a majority sees the country as a security risk. 

Sixty-one percent of those questioned viewed Iran as a danger to the U.S., according to the survey conducted Feb. 28-March 2. But that concern did not translate into majority support for the current U.S. military action, as 50% approved and 50% disapproved.

Support for the attacks was lower in national polling from other news organizations.

But the Fox News poll and the other surveys indicated widespread support among Republicans.

‘Trump’s doing the right thing. He’s saving American lives by making sure that Iran does not have a nuclear weapon or ballistic missile. So he’s doing the right thing,’ Scott emphasized.

Budd added, ‘I’m very excited [about] what President Trump’s done… The goal is American prosperity and American safety, and that’s what President Trump wants.’

Oil prices have shot up since the start of the fighting, instantly resulting in higher costs for gasoline across America. That’s a major concern for Republicans as they aim to keep control of the House and Senate majorities in this year’s midterm elections.

‘Hopefully it’s all going to be short term. Hopefully… the demolition of the Iranian military will happen quickly and actually will get lower oil prices,’ Scott said.

Budd acknowledged that ‘we are going to have some short-term disruptions.’

But the senator was optimistic that ‘very soon we’ll have gas prices much cheaper than ever before. We were already on that pathway. President Trump is all about stability. He’s all about the price of oil.’

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An Iranian official warned that any European countries that enter the conflict against Iran will become ‘legitimate targets’ for Tehran’s retaliation. 

Iran’s Deputy Foreign Minister Majid Takht-Ravanchi made the remark to France24 as Iranian President Masoud Pezeshkian on Saturday apologized to neighboring countries that have been attacked by the regime. 

‘We have already informed the Europeans and everybody else that they should be careful not to be involved in this war of aggression against Iran,’ Takht-Ravanchi told the network. ‘If they help, I’m not trying to name any country, but if any country joins in the aggression against Iran, joins America and Israel in the aggression against Iran, definitely they will be also the legitimate targets for Iranian retaliation.’ 

‘This war has imposed on us, and we will continue to defend ourselves to the best of our abilities,’ he added. ‘We have an obligation to defend our people and that is what exactly we are doing.’

Takht-Ravanchi also claimed Iran was ‘negotiating in good faith‘ in talks with the U.S. about its nuclear program, before America launched Operation Epic Fury and Israel began Operation Roaring Lion on Feb. 28. 

‘We are sincere. We are sincere in our endeavor to arrive at a peaceful conclusion of this issue,’ he told France24. 

Pezeshkian said Saturday that any future attacks coming out of Iran would only be in response to attacks against the country. 

‘I should apologize to the neighboring countries that were attacked by Iran, on my own behalf,’ he said, according to The Associated Press. ‘From now on, they should not attack neighboring countries or fire missiles at them, unless we are attacked by those countries. I think we should solve this through diplomacy.’

Pezeshkian made the apology during a prerecorded televised speech on Saturday after Iran launched repeated strikes on Bahrain, Saudi Arabia, the United Arab Emirates, Qatar and Oman. 

Despite the vow, the United Arab Emirates (UAE) Ministry of Defense said on Saturday that the country’s air defense systems intercepted 16 ballistic missiles, 15 of which were destroyed while one fell into the sea.

Fox News Digital’s Elizabeth Pritchett and The Associated Press contributed to this report. 

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Kristi Noem will reportedly join President Donald Trump and 12 Latin American leaders at his resort in Florida for a ‘Shield of the Americas’ summit Saturday after her ouster as the Secretary of Homeland Security and appointment by President Donald Trump to be special envoy for the new coalition of nations. 

On Thursday, Trump announced Noem would be exiting her role as Homeland Security secretary and would be appointed a Special Envoy for the ‘Shield of the Americas,’ a summit for which will be held at the president’s resort in Doral, Florida, on Saturday. The new coalition of 13 countries has been formed to advance strategies that will tackle mass illegal immigration, narco-terrorist gangs and cartels. 

‘After years of neglect, President Trump established the ‘Donroe Doctrine’ to restore American preeminence in the Western Hemisphere. His efforts have been a tremendous success – our southern border is secure, Latin American countries are working with us to defeat the cartels, and illegitimate dictator Nicolas Maduro is facing justice for his crimes in the Southern District of New York – ushering in historic economic cooperation with Venezuela,’ said White House spokesperson Anna Kelly ahead of the summit. 

‘The President has successfully strengthened our relationships in our own backyard to make the entire region safer and more stable, and this weekend’s ‘Shield of the Americas’ Summit will encapsulate all of his work to Make America, and our partners, Strong Again,’ she continued.

Members of Trump’s Cabinet, including Secretary of State Marco Rubio, Secretary of War Pete Hegseth, Secretary of Commerce Howard Lutnick and United States Trade Representative Jamieson Greer, will also be at the Saturday summit. 

The leaders from other nations who will be present are Argentina’s Javier Milei, El Salvador’s Nayib Bukele Ortez, Bolivia’s Rodrigo Paz Pereira, Costa Rica’s Rodrigo Chaves Robles, Panama’s José Raúl Mulino Quintero, and Trinidad and Tobago’s Kamla Persad-Bissessar, Chile’s Jose Antonio Kast, the Dominican Republic’s Luis Rodolfo Abinader Corona, Ecuador’s Daniel Roy Gilchrist Noboa Azín, Guyana’s Mohamed Irfaan Ali, Honduras’ Nasry ‘Tito’ Asfura, and Paraguay’s Santiago Peña.

Noem confirmed Friday, speaking from Nashville, that she will be at the summit, according to the Associated Press. Noem reportedly added that the president will announce ‘a big agreement’ detailing ‘how we’re going to go after cartels and drug trafficking in the entire Western Hemisphere.’ 

On Friday, Hegseth led a strategic conference in Doral with representatives of 17 different Caribbean, Central American and South American countries throughout the Western Hemisphere. During the conference, they signed a joint security declaration, reaffirming their commitment to peace and sovereignty in the region. According to a source familiar with the plans for the summit, the president plans to celebrate this achievement with attendees.

‘Secretary Noem helped usher in the most secure border in history, deported hundreds of thousands of criminal illegal aliens, and executed record-setting counter-drug operations against cartels. All of this great experience positions Noem well to ensure American preeminence in the entire Western Hemisphere in her new role as Special Envoy to the Shield of the Americas,’ White House spokesperson Olivia Wales said. ‘This historic new security initiative, led by Secretary Noem, will advance cutting-edge strategies to defeat narco-terrorist cartels and stop illegal mass migration to make America and the entire Western Hemisphere safer.’

On Thursday, Rubio said he looked forward to working with Noem as Special Envoy for The Shield of the Americas, and echoed the comments from the White House about her experience.

‘Kristi has achieved incredible results as Secretary of Homeland Security and will be a tremendous asset in our effort to promote security and prosperity in the Western Hemisphere,’ Rubio said on X after Trump named Noem to her new post. 

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When Benny Sabti was a child growing up in Iran, he remembers receiving an unusual prize at school. ‘For being an excellent student, I received a Persian translation of Mein Kampf by Adolf Hitler,’ Sabti told Fox News Digital. ‘They translated Hitler’s book into Persian and distributed it to students.’

The experience stayed with him. Looking back, Sabti, now an Iran expert at the Institute for National Security Studies (INSS) in Israel, says it reflected a broader effort by Iran’s ruling clerical establishment to shape how young Iranians viewed politics, religion and the world around them.

Schools, mosques, workplaces and media all became part of an ideological ecosystem designed to reinforce loyalty to the regime. But critics of Iran’s leadership say religion itself was often not the ultimate goal.

‘Faith for them is their tool,’ Banafsheh Zand, an Iranian-American journalist and editor of the Iran So Far Away Substack, told Fox News Digital. ‘It’s not the end all to be all. It’s a tool that they can hide behind so that they can carry out all their criminalities.’

Religion and power

The Islamic Republic was founded on the doctrine of velayat-e faqih, or ‘guardianship of the Islamic jurist,’ which places ultimate political and religious authority in the hands of the country’s supreme leader.

But Zand argues that in practice the system functions less as a purely religious project and more as a mechanism of political control. ‘It’s more like a mafia,’ she said. ‘They use faith in order to keep people down.’

According to Zand, ideology is reinforced through a mix of financial incentives and intimidation. ‘They tried by incentive and money and buying people,’ she said.

Programs tied to the Basij, a militia affiliated with the Islamic Revolutionary Guard Corps (IRGC), have often provided benefits such as jobs, housing and education to families aligned with the regime.

‘If you are poor and you join the Basij, they give you benefits,’ Zand said. ‘But you have to go along with whatever it is that they offer you.’

Ideology embedded in daily life

Sabti says the Islamic Republic built a vast network designed to reinforce ideology in everyday life. ‘In banks, offices, public spaces and even in the bazaars, regime representatives walk between shops telling people it is time to pray and checking who is not attending,’ Sabti said.

Mosques themselves are closely integrated into the political system. Friday prayer leaders often deliver sermons aligned with government messaging.

‘There are 16 propaganda bodies in Iran,’ Sabti said, describing a network of state institutions responsible for spreading the regime’s interpretation of Islam and the ideals of the Islamic Revolution.

Some institutions also focus on exporting that ideology abroad. ‘There is a university dedicated to converting Sunnis to Shiism,’ he said. ‘They bring people from Africa and South America to Iran, convert them to Shiism and send them back to export the Shiite Islamic revolution.’

Indoctrination in schools

Schools play a central role in the regime’s ideological system.

‘Schools are heavily indoctrinated,’ Sabti said. ‘In civil studies books, Islam was promoted as superior to all other ideologies.’

Religious messaging appears across the curriculum. ‘You cannot separate any school subject from Islam,’ Sabti said. ‘Not history, not geography. Everything is mixed with ideology. The only thing missing was adding it to mathematics.’

For Sabti, the Mein Kampf episode symbolized the ideological environment students were exposed to. The message, he said, reinforced hostility toward perceived enemies and embedded a political worldview from an early age.

Ideology and hypocrisy

Sabti says the credibility of the system is also undermined by the behavior of Iran’s own elites. ‘You can see it in the second generation,’ he said. ‘Their children live abroad while the elites live in palaces in Iran and in other countries. It is hypocrisy.’

Zand says ideology has always been reinforced by intimidation. ‘They make examples out of people in the most vicious possible way,’ she said. ‘It’s fear and manipulation.’

According to Zand, that atmosphere of fear shapes daily life for many Iranians. ‘Everybody is afraid of the police,’ she said. ‘Everybody is afraid of their neighbors.’

An ideology losing its grip

Despite the regime’s extensive ideological machinery, Sabti believes many Iranians never fully accepted the worldview the government tried to impose.

‘Over the years, the indoctrination has stopped working,’ he said. ‘Most of the public does not truly believe it.’

Still, the Islamic Republic remains in power. ‘The regime maintains control through money, weapons and propaganda,’ Sabti said.

Zand agrees the system never fully reshaped Iranian society. Many people, she said, complied outwardly simply to avoid punishment.

‘They won’t have a problem to transfer as long as they realize that the new Iran has no room for the violence and the horrifying characteristics of the Islamist regime,’ Zand told Fox News Digital.

She said that beneath the surface, Iran’s cultural identity remained intact even after decades of pressure from the state.

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Brien Lundin, editor of Gold Newsletter and New Orleans Investment Conference host, shares his stock-picking strategy at a time when high metals prices are beginning to lift all boats.

In his view, gold and silver equities may still only be in the second inning.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Peter Krauth, editor of Silver Stock Investor and Silver Advisor, shares his thoughts on silver price activity and where the white metal is in the cycle.

He believes the awareness phase is just beginning, with mania still relatively far in the future.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    The tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) navigated a volatile week.

    Early week caution gave way to a rebound by Monday’s close (March 2), with the Nasdaq eking out a small gain led by defense and tech stocks. On Tuesday (March 3), the Trump administration’s plans to secure the Strait of Hormuz shipping lanes helped pare losses, with major indexes closing down but less severely.

    US services PMI on Wednesday (March 4) showed the fastest expansion since mid-2022, supporting gains; however, the Nasdaq rose only slightly, with gains capped by lingering oil price worries.

    Markets plunged on Thursday (March 5) after an Iranian missile strike on an oil tanker in the Persian Gulf intensified concerns of conflict longevity and supply constraints. The price of oil surged to its biggest weekly gain since 2022, with analysts forecasting further increases if the Strait of Hormuz stays disrupted beyond 3 – 4 weeks.

    Also on Thursday, reports surfaced that the administration was considering new rules requiring US approval for AI chips shipped abroad, which hit Nasdaq heavyweights NVIDIA (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). This revelation followed earlier reports that officials were considering limiting purchases of Nvidia’s H200 chips and AMD’s MI325 chips, which have similar capabilities, to Chinese companies, capping them at 75,000 chips per firm.

    Friday’s (March 6) jobs report for February boosted rate-cut odds but fueled recession fears. The report showed nonfarm payrolls dropped by 92,000, a stark contrast to the forecasted 50,000 to 60,000 added jobs. Additionally, unemployment increased to 4.4 percent, signaling that the labor market is cooling faster than expected.

    These macroeconomic pressures and geopolitical uncertainty exerted a palpable weight on financial markets, heavily impacting volatility-sensitive tech stocks.

    3 tech stocks moving markets this week

    1. Intuit (NASDAQ:INTU)

    Intuit had a strong week, finishing up 25.08 percent as investors rotated into defensive fintech and software amid weakness in the capital-intensive and cyclical semiconductor sector.

    Zacks Investment Research explained Intuit’s stock rise as a gain driven by analyst upgrades and price target hikes. Piper Sandler raised its price target on Intuit to US$780 and maintained an Overweight rating. Susquehanna also raised its target to US$850 and kept a Positive rating. Meanwhile, TD Cowen cut its target to US$633 but reiterated Buy.

    Analysts cited Intuit’s strong AI-driven results from last week’s Q2 earnings and highlighted growth in the company’s GBS Online Ecosystem, Desktop Ecosystem and Credit Karma.

    2. Palantir Technologies (NASDAQ:PLTR)

    Palantir gained alongside other defense stocks as Mideast tensions boosted demand for defense AI. Shares rose more than five percent on Monday, while analysts at Wedbush named it a top pick on Thursday with a US$75 price target. Palantir gained 17.22 percent for the week.

    2. AppLovin (NASDAQ:APP)

    AppLovin ranked third for this week’s gainers, closing 16.29 percent higher on Arete’s upgrade to neutral from sell, with an adjusted price target down to US$340 From US$458. Speculation about AppLovin potentially launching a competing app to rival TikTok may have further contributed to the gains.

    Intuit, Palantir Technologies and AppLoving stock performance, March 2 to 6, 2026.

    Chart via Google Finance.

    Top tech news of the week

              • Shares of Lumentum Holdings and Coherent jumped on Monday after NVIDIA said it would invest US$2 billion in each company to accelerate the development of advanced optics and laser technologies for AI data centers.

                    Tech ETF performance

                    Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

                    This week, the iShares Semiconductor ETF (NASDAQ:SOXX) declined by 5.91 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) lost five percent.

                    The VanEck Semiconductor ETF (NASDAQ:SMH) also decreased by 4.21 percent.

                    Tech news to watch next week

                    Investors face a pivotal week ahead, headlined by Monday’s (March 9) release of the NY Fed’s one-year inflation expectations and the highly anticipated February CPI report on Wednesday (March 11), which could provide a key signal for the Fed’s next move.

                    Later in the week, Thursday’s (March 12) jobless claims will be under the microscope to see if February’s labor trends hold steady. On the corporate side, it’s a big week for software and cloud infrastructure, with Oracle, Hewlett Packard Enterprise, and Constellation Software reporting Monday, followed by Adobe (NASDAQ:ADBE) on Thursday.

                    Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

                    This post appeared first on investingnews.com