Trump & US rate cut winners | Bitcoin hits US$76k eyes $100k. Nvidia cracks US$3.6trillion. Tesla to benefit from Musk- Trump 'mate-ship'

US stocks and bitcoin hit their highest levels in history this week after Donald Trump was elected and the central bank cut interest rates. The Nasdaq $NASDAQ 100 Index (.NDX.US)$ is now up 28% this year after rising 5% Monday to Thursday. While Australia’s market $S&P/ASX 200 (.XJO.AU)$ only rose 2.3% this week. It’s now up just 9% this year. So this begs the question - if you aren't investing in US stocks, then ask yourself, why not?

Regardless of who you wanted to be US president the US’ broad S&P500 index $S&P 500 Index (.SPX.US)$ saw its biggest jump in history after a President appointment. This simply this us, markets like Trump’s probusiness stance - expected to usher in less regulation, less taxes and support corporate America.

After Trump's victory, Nvidia $NVIDIA (NVDA.US)$ became the world’s biggest company. It’s now valued at US$3.6 trillion. Meaning it's twice as large as the Australia share market. Nvidia is positioned to reap billions in new AI technology infrastructure spending. Plus we know Mag-7 companies last week, including Microsoft $Microsoft (MSFT.US)$ announced plans to spend around $200 billion this year on AI infrastructure. Amazon $Amazon (AMZN.US)$ CEO Andy Jassy called generative AI a "once-in-a-lifetime" opportunity.

Bitcoin pushed to US$76,000 for the first time in history this week. It’s jumped 104% this year making it the best-performing asset in the world. And there are mounting calls for BTC to hit US$100k by year end. Retail and institution investors have been buying into the biggest and most popular Bitcoin ETF, the iShares Bitcoin Trust. It’s gained over US$5 billion in assets in 4 weeks. This is telling as investors see wider crypto adoption and weaker regulation from the Trump’s administration - these trends are telling. So keep an eye on Bitcoin ETFs and bitcoin linked stocks like Microstatey MSTR $MicroStrategy (MSTR.US)$ and Block $Block (SQ.US)$ $Block Inc (SQ2.AU)$ two largest holders of Bitcoin.

Tesla $Tesla (TSLA.US)$ shares rose 19% this week to their highest level this year. The company is expected to benefit from Elon Musk's newly found foothold in Trump's inner circle which could benefit Tesla. Trump even floated the idea of appointing Musk to head a “government efficiency” commission. So let’s see what happens. Regardless of that it’s expected that Tesla will benefit from US tax credits of up to US$45 per kWh for battery cells and also indirectly benefit from through a $7,500 electric vehicle (EV) consumer tax credits. But let’s see if occurs. Cathie Wood’s ARKK $ARK Innovation ETF (ARKK.US)$ , which is a big holder of Tesla, see’s Tesla’s driverless ride-hailing service going into a $11 trillion revenue market as Tesla plans to debut this key service next year in Texas and California. But of course we all know Musk needs to get regulatory approval now to allow for this to happen and for his autonomous ride service to get underway.

Here is a snip of my chat on markets with Ricardo Goncalves on SBS World News. On X/ Twitter. Or watch on LinkedIn.