US stocks: When Nvidia crosses $4 trillion and markets hit new highs again

Fellow traders, today (July 11) is another memorable day for US stock markets! While oil is "dragging" at the bottom and many are panicking, Wall Street continues writing new records. Nvidia just became the first company in the world to reach $4 trillion USD market cap. How big is this number? Larger than Germany's GDP!
When the "magnificent seven" shows strength again
The "massive" numbers
Nasdaq Composite and S&P 500 both set new all-time highs - something many didn't believe would happen after June's correction.Trading session summary:
- Nasdaq: 20,611.34 points (+0.94%) - new high
- S&P 500: ~5,570 points (+0.61%) - near all-time high
- Dow Jones: 44,458.30 points (+0.5%) - recovery after 2 down sessions
- Nvidia: $4 trillion market cap (+0.75%)
Nvidia: From startup to AI "empire"
Historic milestone: $4 trillion market cap - a number that 5 years ago everyone considered "science fiction". For comparison:
- Apple: ~$3.4 trillion
- Microsoft: ~$3.2 trillion
- Google: ~$2.1 trillion
Experience from previous tech cycles: When a company reaches such milestones, there's usually consolidation before the next leg up. However, the AI revolution isn't over.
Money flow analysis: Where is "smart money" flowing?
Today's "stars"
Large tech group continues leading:
- Nvidia, Broadcom, Tesla all surged
- Earnings beats + AI hype = perfect combination
Big surprise - airline group:
- Delta Air Lines: +12% after Q2 earnings beat
- United Airlines: +14.3% - most impressive number of the session
Insight: Travel sector recovery shows consumer spending remains resilient, a positive signal for the broader economy.
Groups benefiting from tax policies
Copper stocks surged after 50% tariff news on Brazil copper:
- Freeport-McMoRan, Southern Copper rallied strongly
- These are immediate beneficiaries from trade policy changes
Strategy note: Trade war 2.0 is creating clear winners and losers. Need to identify correctly to position accordingly.
Macro headwinds: Fed and the "interest rate battle"
June Fed minutes: The division
Key takeaway: Policymakers still disagree about timing of rate cuts. Some want to wait longer, others are ready to ease.Market implication: Uncertainty about monetary policy will continue creating volatility. But currently, markets are pricing in a soft landing scenario.
Trump trade policies: Double-edged sword
50% tariff on Brazil copper + letters to 22 countries about new tariffs from August 1:
- Positive: US domestic miners, manufacturers benefit
- Negative: Inflation pressure, trade retaliation risks
- Market reaction: Immediate sector rotation
Historical parallel: 2018-2019 trade war pattern repeating, but with larger scale.
Technical analysis: New highs or bull trap?
What price action is saying
Bullish signals:
- New highs with relatively good volume
- Market breadth (advancing vs declining stocks) positive
- Key sectors like tech, airlines both participating
Caution signs:
- Market concentration too high in few mega caps
- Valuation stretch in some tech names
- Geopolitical uncertainty from trade policies
Support and resistance levels
S&P 500:
- Resistance: 5,600 (psychological)
- Support: 5,500 (previous high becomes support)
- Major support: 5,400 (50-day MA)
Nasdaq:
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