00:00All right, now let's break it down what's happening in the U.S. stock market.
00:04And for every standard and poor five index stocks is categorized by sectors and industry.
00:09And every size represents the market cap over here.
00:11We're going to start from one of the biggest sectors within the technology sector.
00:15It's under the software and infrastructure. It's Microsoft.
00:17Microsoft is up by 1.39%.
00:20Its Oracle is also up by 0.56%.
00:24And we can see almost all the companies within the sector market of technology is facing an increase within the performance.
00:34Also, we have also a semiconductor.
00:37Semiconductor, we're going to start with Microsoft.
00:39Before we go to semiconductor updates, we're going to go with the Microsoft updates.
00:43We've saved more than 500 million in its call centers alone last year by using artificial intelligence.
00:50Bloomberg News reported on Wednesday.
00:51The tech giant last week announced plans to lay off nearly 4% of its workforce as it looks to win in costs amid hefty investments in AI infrastructure.
01:02In May, the company had announced layoffs affecting around 6,000 workers.
01:06AI tools were helping improve productivity in segments from sales and customer service to software engineering.
01:14And the company has begun using AI to handle interactions with smaller customers.
01:19Microsoft's chief commercial officer, Judson Althoff, said during a presentation this week, according to the Bloomberg News report.
01:28The nascent effort was already generating tens of millions of dollars, the report said, citing a person familiar with his comments.
01:36AI generated 35% of the code for new products, accelerating launch times, Althoff said, according to the report.
01:44And we're going to say Microsoft is 1.39% and NVIDIA is one of the biggest companies within the semiconductor industry is up by 1.80%.
01:56Not only NVIDIA following its lead, we can also, another company from Broadcom Incorporation also following NVIDIA performance as of the morning with a double increase to 2.24%.
02:08And we also have the Intel for as of this morning is the opposite growth between NVIDIA and Broadcom is down by 0.64%.
02:17And that is some of the updates within the semiconductor industry within S&P 500.
02:22And next, we're going to move on to Apple.
02:24Apple is also up by 0.54% and Amazon also 1.45% and for Google and Meta.
02:34Meta is 1.68% as of this morning and also an increase from Google is 1.30%.
02:42And the recent update on Google is OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet's market, dominating Google Chrome.
02:52Three people familiar with the meta told Reuters.
02:56The browser is slated to launch in the coming weeks.
02:58Three of the people said and aims to use artificial intelligence to fundamentally change how consumers browse the web.
03:05It will give OpenAI more direct access to a cornerstone of Google's success user data.
03:11If adopted by the 500 million weekly active users of ChatGBT, OpenAI's browser could put pressure on a key component of rival Google's ad, Money Spigot.
03:22Chrome is an important pillar of Alphabet's ad business, which makes up nearly three-quarters of its revenue as Chrome provides user information to help Alphabet target ads more effectively and profitably
03:36and also gives Google a way to route search traffic to its own engine by default.
03:41OpenAI's browser is designed to keep some user interactions within a ChatGBT-like native chat interface instead of clicking through the website, two of the sources said.
03:51And next, we're going to move forward.
03:53The next update is Tesla, auto manufacturing company is under Elon Musk.
04:00Buyers of this morning is down by 0.65%.
04:04And the latest update on Tesla, a group of 27 major Tesla shareholders urged the Electric Automakers Board on Wednesdays to set a date for its annual shareholder meeting this year, citing legal obligations and growing governance concerns.
04:19Tesla is close to missing a legal deadline and has not announced this year's meeting, the group consisting of U.S. state treasurers, pension funds and governance experts, said in a letter.
04:31Tesla's ongoing silence on the AGM is cause for concern, they said against the backdrop of mounting scrutiny of over-CEO Elon Musk's political ambitions and the automaker's falling sales and stock price.
04:45The company did not immediately respond to a request for comment.
04:48Investors' confidence has taken a hit after Musk's public feud with President Donald Trump and the ending of EV tax credits meant to boost sales of green vehicles.
04:57Tesla shares are down 27% so far this year.
05:01And under Texas law, shareholders can move a court to require the company to hold its annual meeting if it has not done so within 13 months of the previous one.
05:11And this is the overview of the S&P 500 Index.
05:15As you see, it's covering the latest market trends, stock market news, trading data and markets movement, analyze the stocks categorized.
05:25And this is, as you can see, we can see this is the latest updates and which to help investors understand performance trends and market capitalization trend.
05:35And stay tuned with Niaga Awani as we will bring more update from Monday to Friday.
05:40And next, we'll bring you the World Economic Forens updates.
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