🔹 Introduction
Today's headlines spotlight record-shattering AI chip valuations, global trade tensions rising, and a nail-biting final day of Amazon Prime Day deals. As markets and consumer behavior align with tech megatrends, here's the full breakdown.
📉 Markets & Trade Tensions
U.S. Futures Dip After Trump Announces Tariffs on Canada & EU
Dow futures tumbled ~0.4% in early Asian trading following President Trump's announcement of steep new tariffs—35% on Canadian imports and potential 15–20% tariffs on EU goods starting August 1. The U.S. dollar strengthened, while markets brace for volatility.
🧠 AI Chip & Market Surge
Nvidia Climbs to Historic $4T Valuation
Nvidia continues its meteoric rise, briefly reaching a $4 trillion market cap and reclaiming its position as the world's most valuable company. Goldman warns—despite AI dominance, exports restrictions and competition pose risks .
🛍️ Prime Day—Final Day Frenzy
Amazon Prime Day Ends Tonight at 11:59 p.m. PT
Day 4 kicks off with massive savings on Apple gear (MacBooks, AirPods, Watches), routers, TVs, and more. A Reuters report confirms massive Prime Day U.S. spending (~$23.8B). Deals include Bose speakers, Oura rings, Switch 2 accessories—act fast as lightning deals vanish.
📊 Snapshot Overview
| Sector | Today’s Highlights |
|---|---|
| Market & Trade | New tariffs spook futures; USD strengthens |
| AI Tech | Nvidia hits $4T but faces trade and competition risks |
| E‑Commerce | Prime Day ends tonight; top deals still live on Apple, audio, smart-home gear |
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