Tesla (TSLA, Financial) saw its stock drop by 3.90%, with a trading volume of $27.763 billion. The decline followed negative news regarding electric vehicle demand. A U.S. Senate bill proposes ending the $7,500 EV tax credit 180 days after the bill's enactment. Tesla's efforts to globally expand its Full Self-Driving (FSD) system faced a major hurdle in Sweden, where Stockholm's city government rejected its application for city-wide FSD testing.
NVIDIA's (NVDA) stock decreased by 0.39%, trading $19.871 billion. Barclays raised its target price from $170 to $200.
AMD (AMD) rose 0.56%, with $11.044 billion traded. Reports indicate a collaboration with Microsoft to design chips for devices, including next-gen Xbox consoles. Piper Sandler analysts raised AMD's target price, optimistic about new product releases and potential GPU business recovery. Rumors suggest a partnership with Amazon for GPU development, as AWS sponsored AMD's recent AI event.
Apple (AAPL) fell 1.40%, trading $7.512 billion. Executives revealed delays in Siri updates due to quality standards.
Microsoft (MSFT) saw a 0.23% decline, trading $7.145 billion. Reports suggest potential conflicts with OpenAI, which may seek federal review of their contracts for antitrust issues.
