Historically, Trump's statements have shown to impact markets, particularly when targeting specific companies or industries. In this case, his suggestion to terminate government subsidies and contracts to companies associated with Elon Musk could have a negative impact on NVIDIA (nvda), as the company has partnerships and collaborations with Musk's ventures, such as Tesla. The potential loss of government contracts and subsidies could lead to a decrease in investor confidence, resulting in a bearish market sentiment. Furthermore, Trump's stance on government spending and subsidies could lead to increased regulatory scrutiny, affecting nvda's business operations and revenue streams. The market may react with caution, leading to a potential decline in nvda's stock price. However, it is essential to consider that this is a speculative statement, and the actual impact on nvda will depend on various factors, including the company's diversification and resilience.