Tesla's (TSLA, Financial) stock surged 4.34%, reaching a record high with a trading volume of $37.02 billion. Reports suggest that the Trump transition team recommended revoking a mandate requiring automakers to report self-driving incidents, which could benefit Tesla.
NVIDIA (NVDA) fell 2.25%, addressing false rumors about cutting off supplies to China, a key market. Despite being investigated for antitrust violations, NVIDIA, AMD, and Intel invested in Ayar Labs to innovate data transmission.
Broadcom (AVGO) saw a 24.43% rise, surpassing a market cap of $1 trillion, fueled by AI revenue growth of 220%. MicroStrategy (MSTR) increased 4.20% after purchasing $2.1 billion in Bitcoin.
Other notable movements include Marvell Technology (MRVL) up 10.79% due to advancements in AI processors, and TSMC (TSM) rising 4.98% with its Japanese wafer plant nearing mass production.
