Tesla (TSLA, Financial) closed down 0.50% with a trading volume of $28.503 billion. Reports indicate that Tesla CEO Elon Musk's Department of Government Efficiency (DOGE) is pushing for the use of AI chatbot Grok, developed by Musk's xAI company, in U.S. federal data analysis. This move raises concerns about potential conflicts of interest and risks to sensitive data of millions of Americans. Experts warn this could breach federal privacy and security regulations.
Nvidia (NVDA) fell 1.16% with a trading volume of $25.818 billion after news that Oracle plans to spend $40 billion on Nvidia's high-performance chips for OpenAI's new U.S. data centers.
Apple (AAPL) dropped 3.02% with $15.257 billion in trading volume. President Trump announced a 25% tariff on phones not manufactured in the U.S., affecting companies like Apple and Samsung. Trump emphasized the need for manufacturing to return to the U.S.
MicroStrategy (MSTR) declined 7.50% as Bitcoin prices fell 1.2%.
Google's (GOOGL) Class A shares decreased 1.40%. Google will introduce ads into its AI search model, merging commercialization with AI-driven experiences.
Oklo, backed by Sam Altman, surged 23.04% following news of a forthcoming executive order promoting nuclear energy.
Intuit (INTU) rose 8.12% after surpassing Wall Street expectations with its Q3 earnings, driven by growth in Credit Karma and QuickBooks.
U.S. Steel (X) gained 21.24% after President Trump supported its partnership with Japan's Nippon Steel, attributing the deal to his tariff policies.
Ross Stores (ROST) fell 9.85% after retracting its annual guidance due to tariff pressures.
