Advertisement
As of 9:53 AM EST, major stocks in the tech sector have witnessed decline as China’s startup company made claims about the efficiency of its AI assistant as compared to the big names in the market, thereby causing investors to reassess their investments in AI.
At first was NVIDIA Corporation which faced a sharp decline of 10.83%, with its stock priced at 127.18 USD and a market cap of 3.11 T USD. Similarly, Broadcom Inc. dropped 11.80%, trading at 215.83 USD and holding a market cap of 1.01 T USD.
Tesla, Inc. saw a modest decline of 0.92%, with its stock at 402.83 USD and a market cap of 1.29 T USD. Meanwhile, Microsoft Corporation fell 3.47%, trading at 428.64 USD with a market cap of 3.19 T USD.
On the brighter side, Apple Inc., kicked off the week with a gain of 2.14%, pricing at 227.56 USD and reaching a market cap of 3.42 T USD. Meta Platforms, Inc. dropped 1.98%, trading at 634.65 USD with a market cap of 1.6 T USD, while Amazon.com, Inc. was down 2.75%, priced at 228.39 USD with a market cap of 2.4 T USD.
Palantir Technologies Inc. experienced a decline of 4.82%, trading at 75.17 USD and holding a market cap of 171.24 B USD. Advanced Micro Devices, Inc. dropped 4.80%, pricing at 116.94 USD with a market cap of 189.77 B USD.
Lastly, MicroStrategy Incorporated slipped 1.88%, with its stock priced at 347.01 USD and a market cap of 86.6 B USD.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.