After falling for six straight sessions, Tesla (TSLA) broke the losing streak on Tuesday. Markets ignored CEO Elon Musk’s criticism of President Trump’s Big, Beautiful spending and tax cut bill.
TSLA stock gained nearly 5%. Its market capitalization is now shy of $1 trillion (at $968.57 billion). The company reported delivery of 384,122 vehicles in the second quarter. This is close to the 389,000 consensus estimate. Long-term issues for its cybercab remain. The self-driving sensor relies on camera sensors. This might give Tesla a cost advantage. However, consumers might value safety. That would give Alphabet’s (GOOG) Waymo an edge.
Nvidia (NVDA) erased selling pressures from the previous three trading sessions. The stock closed at $157.25 after Intel (INTC) reportedly might focus its 18A chip technology on larger clients. Intel wants to take Taiwan Semiconductor (TSMC)’s customers, including Apple (AAPL) and Nvidia.
Perplexity AI, which has Nvidia’s support, said that it would launch a $200 monthly subscription tier. It will target its high-end users with this product, called Perplexity Max.
After markets closed on Tuesday, S&P 500 (IVV) added DataDog (DDOG). Watch out for the stock gaining at least 10% this morning. The company will replace Juniper, which Hewlett-Packard Enterprise (HPE) acquired on July 9. Some of the related application software stocks to watch in this space include SoundHound AI (SOUN), AppLovin (APP), and Workday (WDAY).
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