The Week in Numbers: Trade Wars, Nvidia's Record Value, and Tesla's Stock Plunge

Global Trade War Escalation

• 🇧🇷 Donald Trump imposed a 50% tariff on Brazil, linking the move to the prosecution of former leader Jair Bolsonaro.
• 🇨🇦 A 35% tariff was set for Canadian goods, with warnings of further increases if retaliation occurs.
• ⛏️ A 50% tariff on copper aims to boost US production of the metal.

Market Records Amidst Turmoil

• 📈 The NASDAQ stock index closed at a record high of just over 20,630 points.
• 📊 The broader S&P 500 also reached a new peak, with investors believing the worst market impacts have passed.

Nvidia's AI-Driven Valuation

• 🚀 Nvidia hit a record valuation of $4 trillion, surpassing Microsoft to become the world's most valuable firm.
• 💡 This surge is attributed to strong bets on Nvidia's dominance in the AI boom.

Tesla Stock Decline and Investor Concerns

• 📉 Tesla shares plunged nearly 8% after CEO Elon Musk announced the formation of a new political party.
• ⚠️ Investors expressed concern over this move, Musk's feud with Trump, and potential distractions from reviving Tesla's slumping sales.