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As of 12:29 PM EST, major tech stocks have displayed varied movement during the midday trading session. Tesla, Inc. traded at 335.20 USD, reflecting a 4.43% decline, with a market capitalization of 1.08 trillion USD. Recently Tesla’s CEO Elon Musk expressed his plans to buy nonprofit controlling OpenAI, however, OpenAI CEO Sam Altman took to X(owned by Musk) to refuse the deal, leading to the stock’s decline.
NVIDIA Corporation saw a slight dip, with its stock priced at 132.68 USD, down 0.67%, and a market cap of 3.25 trillion USD. However, Palantir Technologies Inc. recorded a loss of 2.38%, trading at 113.87 USD, with a market cap of 259.4 billion USD.
Apple Inc., however, surged by 3.00%, reaching 234.47 USD, with a market cap of 3.52 trillion USD. Shares of the iPhone and iPad maker company were on a surge after Reuters reported that Apple has collaborated with Alibaba to bring AI features for iPhone users in China, On the other hand Meta Platforms, Inc. remained relatively stable, slipping by 0.12% to 716.55 USD, while maintaining a market cap of 1.82 trillion USD.
Shopify Inc. gained 1.43%, trading at 121.62 USD, with a market cap of 157.14 billion USD. The e-commerce platform’s stock was increasing after the company reported Q4 earnings that were above investor expectations. Meanwhile, Super Micro Computer, Inc. suffered a sharp 7.57% decline, dropping to 39.42 USD, with a market cap of 23.08 billion USD. The AI server maker company is set to report its earnings report on Tuesday after the closing bell.
Microsoft Corporation edged down 0.46%, trading at 410.34 USD, and holding a market cap of 3.05 trillion USD. Adding to the list, Amazon.com, Inc. also saw a decline of 0.95%, trading at 230.92 USD, with a market cap of 2.45 trillion USD.
Finally, Charles Schwab Corporation climbed 2.83%, reaching 83.47 USD, with a market cap of 152.8 billion USD. Co has announced that it will buy 19,235,208 shares of TD Bank Group for a total purchase price of $1.5 billion resulting in the stock’s surge on Tuesday.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.