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As of 12:17 PM EST, major technology and consumer stocks showed mixed performances. NVIDIA Corporation saw a gain of 2.77%, with its stock price reaching 133.43 USD and a market capitalization of 3.27T USD. NVIDIA’s supplier TSMC’s earnings can be a possible reason for the stock’s surge. Apart from this, big tech-companies’ spending commitment towards AI has also fueled the stock’s uptick.
Tesla, Inc. edged down by 0.22%, trading at 360.81 USD, with a market cap of 1.16T USD. However, Palantir Technologies Inc. rose by 3.12%, with its stock priced at 114.31 USD, while its market capitalization stood at 260.4B USD. The tech-company had an impressive last week after releasing its revenue report and its investor support is only growing.
Meta Platforms, Inc. remained nearly flat, dipping 0.02%, trading at 714.39 USD, with a market cap of 1.81T USD. On the other hand, Amazon.com, Inc. advanced by 1.03%, with shares priced at 231.51 USD and a market capitalization of 2.43T USD.
Apple Inc. recorded a modest increase of 0.27%, with a stock price of 228.25 USD and a market cap of 3.43T USD. Whereas, Microsoft Corporation gained 0.68%, reaching 412.52 USD, with a market capitalization of 3.07T USD.
Finally, Super Micro Computer, Inc. surged 9.81%, trading at 39.84 USD, with a market cap of 23.33B USD. The info-tech company is set to release its Q2 earnings report on Tuesday and investors are estimating a positive report from the company leading to the stock’s surge on Monday.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.