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The stock market saw significant shifts in market capitalizations, with the technology sector leading the gains and some Chinese stocks taking a hit.
Nvidia (NVDA) added $66.1 billion to its market value, boosted by strong demand in the semiconductor sector. Similarly, Apple (AAPL) increased its market cap by $52.6 billion, while Microsoft (MSFT) gained $32.3 billion, reflecting continued strength in the tech sector, particularly in software and hardware.
On the downside, Tencent Holdings (TCTZF) dropped $27.1 billion in market value. Alibaba Group (BABAF) also saw a significant decrease, shedding $25.6 billion. These declines are largely attributed to broader concerns around the Chinese economy and market dynamics.
These changes highlight the continued volatility in global markets, with tech stocks showing resilience, while Chinese companies face ongoing challenges.