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As of 9:51 AM EST today, major tech stocks displayed mixed performance as several members of Magnificent 7 released their fourth-quarter earnings on Wednesday. Tesla, Inc. rose 1.61% to 395.35 USD, with a market capitalization of 1.27T USD. The stock surged as Tesla’s CEO Elon Musk promoted advances in self-driving tech.
NVIDIA Corporation dipped 0.24% to settle at 123.40 USD, maintaining a 3.02T USD market cap. However, Meta Platforms, Inc. surged 4.49% to 706.87 USD, reaching a valuation of 1.78T USD. The stock rose on Thursday after the company reported nearly 20% year-to-year growth in revenue, with the release of Meta’s fourth-quarter earnings on Wednesday.
Microsoft Corporation saw a decline of 4.65%, bringing its stock price to 421.75 USD, with a market cap of 3.14T USD. Microsoft’s stock was low even though the company reported a 12% revenue rise in the fourth-quarter but its Intelligent Cloud Segment revenue was below investors’ expectations. Meanwhile, Broadcom Inc. jumped 7.44% to 221.70 USD, with a 1.04T USD market valuation.
Apple Inc. inched up 0.31% to 240.11 USD, holding the highest market cap at 3.61T USD. The tech-giant will release its fourth-quarter earnings after the bell closes today. On the other hand, Amazon.com, Inc. slipped 0.11% to 236.81 USD, valuing the company at 2.49T USD.
ServiceNow, Inc. suffered a sharp drop of 11.74%, bringing its stock price to 1,009.39 USD, with a market cap of 207.93B USD. Additionally, IBM posted a strong gain of 12.51%, reaching 257.23 USD, with a 237.85B USD valuation. The tech-firm’s stock surged on Thursday as it reported better-than-expected earnings powered by its AI-enabled business.
Lastly, United Parcel Service, Inc. plunged 15.35% to 113.24 USD, with a market capitalization of 96.64B USD.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.