The week began with a flurry of major developments for the US.
President Donald Trump is set to meet Ukrainian President Volodymyr Zelenskyy amid a renewed show of American support for Ukraine.
Meanwhile, Tesla shares rebounded after Friday’s sharp sell-off, OpenAI and Broadcom unveiled a major chip partnership, and Trump announced a landmark peace agreement involving Israel and Hamas.
On Wall Street, US stocks rallied as investor sentiment recovered from last week’s trade-driven losses.
Trump, Zelenskyy to meet as US considers more aid to Ukraine
President Donald Trump will meet Ukrainian President Volodymyr Zelenskyy on Friday, marking a key moment in the ongoing US support for Ukraine’s defense against Russia.
The two leaders have held multiple phone calls in recent weeks to discuss air defense systems, long-range weapons such as Tomahawk cruise missiles, and energy cooperation as Russia intensifies its attacks on Ukrainian infrastructure.
Trump has suggested he may authorize the supply of Tomahawk missiles to Kyiv, describing them as “incredible” precision weapons capable of hitting targets up to 1,550 miles away.
While a final decision has yet to be made, the potential move could dramatically alter the dynamics of the Russia-Ukraine conflict. Zelenskyy has welcomed the idea, promising that any long-range weapons would target only military assets.
Russia, however, warned that sending such weapons to Ukraine would be viewed as a major escalation.
Despite the risks, Kyiv continues to count on US support as Russian forces press their offensive and Ukraine steps up counterstrikes deep inside Russian territory.
Tesla shares rebound after sharp sell-off
Tesla stock climbed 5.4% to $435.90 on Monday, recovering from a 5.1% drop at the end of last week.
The recovery followed renewed tensions between the US and China on Friday, when Beijing threatened to restrict exports of rare earth materials — a move that rattled global markets.
President Trump later sought to calm investor nerves, saying on Truth Social that “China will be fine” and that neither side wants an economic downturn.
Despite limited reliance on Chinese imports, Tesla remains heavily exposed to China through its Shanghai Gigafactory, which accounted for nearly 40% of global sales in the first half of 2025.
OpenAI and Broadcom announce $10 Billion AI chip partnership
In the tech sector, OpenAI and Broadcom announced a strategic partnership to co-develop 10 gigawatts of custom AI chips and computing systems over the next four years.
Under the deal, OpenAI will design the accelerators, while Broadcom will handle development and deployment.
OpenAI CEO Sam Altman described the collaboration as a “critical step in building the infrastructure needed to unlock AI’s potential,” while Broadcom CEO Hock Tan called the agreement a major stride “toward the future of AI.”
Trump signs peace deal between Israel and Hamas
President Trump signed a peace agreement on Monday aimed at ending the long-standing conflict between Israel and Hamas.
The signing ceremony took place in Sharm el-Sheikh alongside Egyptian President Abdel Fattah el-Sisi, Turkish President Recep Tayyip Erdogan, and Qatari Emir Tamim bin Hamad Al Thani.
While neither Israel nor Hamas attended the summit, Trump said the deal marks “the end of years of suffering and bloodshed.”
He emphasized that rebuilding Gaza will be the next phase, with international assistance expected to follow.
US stocks rally as trade tensions ease
US stocks surged Monday, rebounding from last week’s sharp declines after Trump reassured investors about trade relations with China.
The Dow Jones Industrial Average jumped 587 points, or 1.4%, while the S&P 500 rose 1.29% and the Nasdaq Composite gained 2.2%.
Tech stocks led the recovery, with Oracle climbing 5% and Nvidia and AMD up 2% and near 1%, respectively.
Broadcom surged 10% following the announcement of its OpenAI partnership.
Trump’s comments that trade with China “will all be fine” appeared to ease market jitters, helping US equities recover a significant portion of Friday’s losses.
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