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As of 12:16 PM EST, major technology stocks showed a mixed performance during the midday trading session. NVIDIA Corporation was trading at $128.70, with a marginal increase of 0.01%, bringing its market capitalization to $3.15 trillion.
Tesla, Inc. saw a decline, dropping 1.39% to $369.11, with a market cap of $1.19 trillion. Tesla’s stock is down reportedly after decreased sales in China. Meanwhile, Amazon.com, Inc. recorded a sharp fall, slipping 3.88% to $229.57, with a valuation of $2.41 trillion. The company’s stock was falling after its estimated revenue for first-quarter was less than investor’s estimates.
Palantir Technologies Inc. posted gains, rising 3.17% to $114.81, with a market cap of $261.54 billion. Whereas, Meta Platforms, Inc. also saw an uptick, climbing 0.84% to $717.95, with a market valuation of $1.82 trillion.
Microsoft Corporation declined 1.11%, trading at $411.20, with a market cap of $3.06 trillion, while Apple Inc. dropped 1.67% to $229.32, with a valuation of $3.44 trillion.
Uber Technologies, Inc. surged 7.87% to $75.50, with a market cap of $158.98 billion, making it one of the session’s biggest gainers. Uber’s stock was surging after Bill Ackman posted on X claiming that his Pershing Square had built a position in the ride-hailing company and now holds 30.3 million shares.However, MicroStrategy Incorporated also advanced 4.02% to $338.53, with a valuation of $85.06 billion.
Lastly, Alphabet Inc. traded lower, down 3.54% to $186.48, with a market capitalization of $2.26 trillion. The stock slipped to red sign after the company’s earnings report did not meet Wall Street expectations.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.