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As of 12:20 PM EST, tech and retail stocks show mixed performance during the midday trading session. Palantir Technologies Inc. saw its stock price fall to 100.61 USD, a sharp decline of -10.22%, bringing its market cap to 16.65 B USD. As reported by the Washington Post, Donald Trump has advised the Pentagon to plan for extensive budget cuts for the upcoming five years, adding to the stock’s decline.
NVIDIA Corporation (NVDA) traded at 139.66 USD, posting a modest gain of +0.31%, with its market cap standing at 3.42 T USD. However, Tesla, Inc. (TSLA) experienced a decline of -1.87%, with shares trading at 353.82 USD and a market cap of 1.14 T USD. The EV company’s stock is on a decline due its weak first-quarter sales and the risks and rewards associated with the company’s CEO Elon Musk.
Super Micro Computer, Inc. (SMCI) saw a slight increase of +0.28%, with its stock price at 60.42 USD and a market cap of 35.38 B USD, the stock has shown positive signs after declining in early trading today. Meanwhile, Microsoft Corporation (MSFT) traded at 418.15 USD, up by +0.81%, and its market cap reached 3.11 T USD. The stock has grown marginally after the company revealed its Majorana 1 chip on Wednesday, resulting in the stock’s surge.
Meta Platforms, Inc. (META) shares fell by -0.98% to 696.90 USD, while its market cap stood at 1.77 T USD. On the other hand, Apple Inc. (AAPL) gained +0.59%, with its shares priced at 246.32 USD and a market cap of 3.7 T USD.
Finally, Walmart Inc. (WMT) saw a significant drop of -6.60%, with its stock trading at 97.14 USD and its market cap at 780.36 B USD, after the retail-giant company’s revenue and profit projections for FY 2026 came below investor estimates.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.