Stock Movers: Tesla Tariffs, Nvidia's CoreWeave IPO, Newmont Gold, and Moderna's FDA News

Tesla's Stock Performance and Market Factors

• 📉 Tesla shares are leading the Mag 7 stocks lower, down over 5% due to anticipated auto tariffs from President Trump and upcoming first-quarter delivery releases.
• 💡 Despite snapping a nine-week losing streak last week, Tesla has dropped 45% from its December 17th peak, with Elon Musk's personal wealth declining by over $100 billion this year.
• 📊 There's a significant debate among analysts, with 60 covering Tesla, reflecting a wide range of opinions from buy to sell ratings.

AI Trade and CoreWeave IPO Impact

• 🚀 Investors exposed to the AI trade are seeing declines, with paler shares down as much as 7% following Pentagon contract cancellations and budget reductions.
• ⚠️ Nvidia shares are down about 18% on the year, impacted by the disappointing IPO of CoreWeave, a company it backs, whose shares fell below its $40 offering price.

Newmont Corporation and Gold's Safe Haven Appeal

• 📈 Newmont Corporation, a leading global gold and copper company, is seeing its shares rise by about 1% as gold prices reach fresh record highs above $3,100.
• 🛡️ Investors are making defensive plays amid policy uncertainty and US tariffs, turning to gold as a safe haven asset.
• ✅ Newmont has shown strong performance, up 37% over the last 12 months.

Moderna and FDA Regulatory News

• 💊 Moderna (MRNA) shares have declined about 13% following the resignation of Dr. Peter Marks, a top regulator at the FDA overseeing vaccine and biological drug approvals.
• 📉 The biotech sector has seen a sell-off on this news, impacting companies like Moderna.