Tesla, the No. 1 U.S. stock traded on Tuesday, closed up 4.69 percent at $32.658 billion. Tesla China sold 84,100 vehicles in August, up 9.3 per cent from a year earlier, according to the association. Among them, the domestic Model 3 and Model Y model sales increased 30.9% from the previous month. In addition, Tesla opened the city street Autopilot function in the United States, which allows vehicles to drive themselves in complex urban environments.
No. 2 Nvidia closed up 0.08 percent on $18.016 billion. Nvidia CEO Jen-Hsun Huang met with Indian Prime Minister Narendra Modi in the Indian capital New Delhi on Monday. "The event marks the second meeting between Modi and Huang, underscoring Nvidia's role in India's fast-growing tech industry," Nvidia said in a blog post.
Huang also met with researchers from India's elite institutions to discuss using technology to address language barriers, boost agricultural yields, bridge gaps in healthcare access and transform the digital economy. Nvidia says attendees are some of the top minds in the fields of large-scale language modeling, astrophysics, medicine, quantum computing, and natural language processing.
No. 3 Apple closed up 0.13 percent at $8.44 billion.
Apple's Apple TV+ and MLS Season Pass streaming subscription services have reportedly seen an increase in subscribers thanks to contributions from international soccer superstar Lionel Messi. Apple added more than 110,000 new registrations in the United States on July 21, up from 6,143 the day before, according to data from analytics firm Antenna.
Antenna also noted that July was the largest month in 2023 for Apple TV+ subscribers in the United States. Apple TV+ costs $6.99 per month For shows and movies including For All Mankind, Severance and CODA.
No. 4 AMD closed 1.22 percent higher at $7.207 billion.
No. 5 Microsoft closed 1.49 percent higher at $5.886 billion. Uae tech giants G42 and Microsoft have embarked on the next phase of their ongoing strategic collaboration and announced a multifaceted plan to deliver sovereign cloud offerings, co-innovate and deliver advanced artificial intelligence capabilities, and expand the UAE's existing data center infrastructure.
Microsoft's sovereign cloud offering will allow the UAE public sector and regulated industries to use new platform capabilities to protect sensitive data, provide access to the latest cloud and AI capabilities available on the Azure public Cloud, and help them comply with local privacy and regulatory requirements. G42's deep understanding of UAE sovereignty claims and technical capabilities is at the heart of tailoring products to help meet customers' specific needs.
No. 7 Amazon closed down 0.62 percent at $5.339 billion. On Tuesday (September 5), German automaker BMW and U.S. tech giant Amazon said BMW will build its semi-autonomous driving assistance system based on Amazon cloud computing technology.
No. 8 Meta Platforms closed up 1.26 percent to $4.429 billion. META Platforms (Meta.us) plans to stop pushing news content to Facebook users in the UK, Germany and France. "We know that people come to Facebook not for news and political content, but to connect with people and discover new opportunities, passions and interests," the company said in a blog post on Tuesday. It added that its existing agreements with British, German and French news publishers would be respected "until they expire".
Canada passed the Online News Act, which requires Internet giants such as Facebook and Google to pay for news content from local media. However, META said news accounts for less than 3% of Facebook feed content and has no economic value to the company.
No. 9 Airbnb closed 7.23 percent higher at $2.97 billion. S&p Dow Jones Indices announced on Tuesday that Blackstone and Airbnb will join the S&P 500, replacing Lincoln National and Neway Brands, respectively, effective before trading begins on Sept. 18.
No. 10 Netflix closed up 2 percent at $2.758 billion.
No. 13 Broadcom closed down 0.04 percent at $2.145 billion. Brokerage Rosenblatt announced Monday that it raised its price target on Broadcom to $1,000 from $900.
Blackstone, No. 15, rose 3.59 percent to $1.866 billion. S&p Dow Jones Indices announced Tuesday that Blackstone will join the S&P 500, replacing Lincoln National. The changes will take effect before the start of trading on September 18.
No. 17 Chevron closed up 1.31 percent to $1.648 billion. Workers at Chevron Corp's Australian liquefied natural gas (LNG) plant have vowed to strike 24 hours a day at two of its main export plants for two weeks from mid-September in an escalating dispute that could threaten global supplies.
The Offshore Alliance said on Tuesday that plant workers gave Chevron notice of plans for a partial strike from Sept. 7 and a full shutdown from Sept. 14.
Colin Parfitt, vice president of Chevron's Midstream group, said on the sidelines of the Gastech conference in Singapore on Tuesday that so far no LNG shipments have been cancelled or delayed as a result of the industrial action disruption.
No. 20 Oracle closed up 2.52 percent to $1.363 billion. Barclays upgraded Oracle to "overweight" from "equal-weight" and raised its price target to $150 from $126, citing a "multi-year growth story."
Barclays analyst Raimo Lenschow believes the continued positive combination of better software-as-a-service (SaaS) and Oracle Cloud infrastructure (OCI) will offset some of the lower-growth businesses, resulting in multi-year high-margin solid growth opportunities. "Oracle's cloud infrastructure, driven in part by emerging artificial intelligence (AI) workloads, will be key to the database and the overall story," Lenschow said.
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