Trump 2.0, stocks soar again, gold hits records, AI boom rolls on — Yahoo Finance's 2025 year in review

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Wall Street is almost unanimously bullish on the year ahead too.Powered by the artificial intelligence trade once again, the 2025 financial markets story might seem, on the surface, to be a rerun of what investors lived through in 2023 and 2024.Shine a bit of light on the subject, however, and we see the inner workings of the market's path in 2025 spun an eventful story that won't soon be forgotten.Donald Trump was sworn in for a second term as president.The largest company in the world lost nearly 20% of its value in a single day.The S&P 500 registered its worst week since the COVID crash of 2020, crashing 10% in just two days.Bitcoin (BTC-USD) hit a record high — then fell more than 30%.Gold (GC=F) enjoyed its best year in two generations. The price of silver (SI=F) more than doubled.Investors poured more than $150 billion into startups trying to ride the AI boom, while the big four hyperscalers — Alphabet (GOOG, GOOGL), Amazon (AMZN), Meta (META), and Microsoft (MSFT) — committed to investing over $300 billion this year in the opportunity.Elon Musk's foray into government came and went, while Tesla (TSLA) stock ends the year near a record high and his rocket company SpaceX (SPAX.PVT) eyes an IPO that would value the company at $1.5 trillion in 2026.Nvidia CEO Jensen Huang took on celebrity status in the business world and beyond.And Warren Buffett will head to Berkshire Hathaway's (BRK-B, BRK-A) offices on Wednesday for his final day as CEO.What follows is a monthly overview of some of the biggest stories that shaped financial markets in 2025. Some are headlines we may have forgotten; others are those we never could. Let us know what we missed too.Jan. 20 — Donald Trump is sworn in for a second term as US president. His first hours in office see the president sign a series of executive orders, including the establishment of the Department of Government Efficiency, or DOGE, which will bring Elon Musk to Washington, D.C., for the first few months of the year.After topping $100,000 for the first time in December 2024, bitcoin hits a record high above $109,000 in the hours before Trump's swearing in.Jan. 21 — Joined by SoftBank CEO Masayoshi Son, OpenAI chief Sam Altman, and Oracle CEO Larry Ellison in the Oval Office, Trump announces the $500 billion "Stargate" project to build AI infrastructure in the US.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,932.75 +40.25 (+0.58%)Dow Futures48,557.00 +221.00 (+0.46%)Nasdaq Futures25,717.00 +260.25 (+1.02%)Russell 2000 Futures2,518.30 +20.30 (+0.81%)VIX14.84 -0.11 (-0.74%)Gold4,404.70 +63.60 (+1.47%)Trending tickersBTC-USD Bitcoin USD 89,330.36 +1,459.45 (+1.66%)NVDA NVIDIA Corporation 186.50 -1.04 (-0.55%)TSLA Tesla, Inc. 449.72 -4.52 (-1.00%)BIDU Baidu, Inc. 130.66 -1.72 (-1.30%)NQ=F Nasdaq 100 Mar 26 25,717.00 +260.25 (+1.02%)PortfolioSign in to access your portfolioSign inTop gainersAXSM Axsome Therapeutics, Inc. 182.64 +33.85 (+22.75%)PSNY Polestar Automotive Holding UK PLC 21.37 +1.88 (+9.65%)ONDS Ondas Holdings Inc. 9.76 +0.77 (+8.57%)DJT Trump Media & Technology Group Corp. 13.24 +0.67 (+5.33%)PBF PBF Energy Inc. 27.12 +1.08 (+4.15%)Top losersCORT Corcept Therapeutics Incorporated 34.80 -35.40 (-50.42%)QXO QXO, Inc. 19.29 -1.75 (-8.32%)RGC Regencell Bioscience Holdings Limited 21.00 -1.90 (-8.30%)NIO NIO Inc. 5.10 -0.40 (-7.27%)PSLV Sprott Physical Silver Trust 23.65 -1.57 (-6.23%)Most activeONDS Ondas Holdings Inc. 9.76 +0.77 (+8.57%)NVDA NVIDIA Corporation 186.50 -1.04 (-0.55%)PLUG Plug Power Inc. 1.9700 +0.0350 (+1.81%)NIO NIO Inc. 5.10 -0.40 (-7.27%)TSLA Tesla, Inc. 449.72 -4.52 (-1.00%)Top economic eventsEarnings eventsMy earnings eventsEarnings events