US markets closed at record highs this week, driven by Nvidia surpassing a $4 trillion market cap, as investors bet on eventual policy moderation and broad AI enthusiasm. Despite President Trump’s intensified trade rhetoric, including new 50% tariffs planned on copper and Brazilian goods, markets remained resilient. Key sectors like airlines and materials saw gains, while Tesla struggled due to Elon Musk’s political activities. Gold and the dollar steadied alongside Treasury yields.
Nvidia Corp., a leading AI chipmaker, reached a record market valuation above $4 trillion, driven by strong investor momentum. Other stocks that rallied include drone manufacturers such as AeroVironment Inc. and Kratos Defense & Security Solutions Inc., which benefited from the fast-tracked production and deployment of US-made drones. Used-car prices are also supercharging retailers like Carvana Co. CVNA and AutoNation Inc. AN, with both benefiting from record-high margins and strong consumer demand.
However, not all stocks fared well. Tesla Inc. TSLA was downgraded by analysts due to President Trump’s new bill eliminating EV tax credits and corporate average fuel economy fines, putting the company’s annual regulatory credit revenue at risk. UnitedHealth Group Inc. UNH and Centene Corp. CNC shares crashed after guidance shock and President Trump’s Medicaid push.
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Source: https://www.benzinga.com/markets/market-summary/25/07/46381288/benzinga-bulls-and-bears-nvidia-tesla-carvana-and-trump-amps-up-tariff-talk