00:00All right, now let's break down what's happening in the US stock market.
00:03And behind me is the Standard & Poor's 500 Index stocks categorized by sectors and also industries.
00:08And size presents market cap.
00:10And behind me you can see there's a lot of mix of green and red, where green means gains and red means losses.
00:17And I'm going to start with NVIDIA.
00:19NVIDIA right now shows green color which was increased and also up by 0.75%.
00:24And the current stock price is $164.10 and that is under technology semiconductors.
00:31But the latest updates on NVIDIA, where NVIDIA's CEO Jensen Huang will meet US President Donald Trump at the White House on Thursday,
00:39a day before the cheap designers had plans to visit China.
00:43The meeting with Trump comes as NVIDIA's market value closed above $4 trillion for the first time on Thursday,
00:49cementing its status as one of Wall Street's most sought-after stocks.
00:53Huang has criticized the export restrictions the Trump administration imposed in April
00:58that stopped NVIDIA from selling its H2O chip made for the China market, which he called a springboard to global success.
01:05The export curbs cost the artificial intelligence chipmaker $2.5 billion in sales during the first quarter
01:12and NVIDIA expects a sales hit of $8 billion in the second quarter.
01:17Huang told Xenang in June that NVIDIA would no longer include the China market in its revenue and profit forecast
01:23after the stringent US trade restrictions on cheap sales to the region.
01:27Alright, that's NVIDIA, but moving on to Apple.
01:30Apple right now shows green color as well, but it was up by 0.60%, and the current stock price is $212.41,
01:38and that's under technology consumer electronics.
01:40But the latest updates on Apple, where Apple, Visa and also MasterCard have persuaded a US judge
01:46to dismiss a lawsuit accusing them of conspiring to suppress competition in the payments network market
01:53and causing merchants to pay inflated transaction fees.
01:56US District Judge David Duggan in Illinois ruled on Wednesday that the merchants had no provided enough evidence
02:03to support their claim that Apple illegally declined to launch a competing payment network to rival Visa and MasterCard.
02:09Duggan found that the plaintiffs offered only a slew of circumstantial allegations
02:14but allowed them to amend their lawsuit to strengthen their claims.
02:18The defendants had denied any wrongdoing and urged Duggan to dismiss the lawsuit.
02:22Apple launched its Apple Pay feature in 2014 as a mobile payment service,
02:26allowing iPhone users to store payment card information and make purchases at businesses where the platform is accepted.
02:34Moving on to Tesla, Tesla also shows green color as well, which was upped for a significant number by 4.73%,
02:43and the current stock price is $309.87, and this is under auto manufacturers,
02:49where Tesla will expand its robo-taxi service to the San Francisco Bay Area in a month or two,
02:55depending on regulatory approvals, CEO Elon Musk said on Wednesday.
02:58And Tesla last month rolled out a test of the long-promised service in a limited area of Austin, Texas,
03:05with about a dozen vehicles, a select group of passengers, and many restrictions,
03:10including a safety monitor in the front passenger seat.
03:13Meanwhile, Grok AI will be available in Tesla vehicles next week,
03:18as the latest, the EV makers CEO Elon Musk said in a post on X Thursday.
03:22Musk's AI startup XAI launched Grok 4, its latest flagship AI model on Wednesday.
03:29While Musk had earlier said Tesla vehicles would be equipped with Grok,
03:34the billionaire CEO had not shared a timeline.
03:39All right, that's the latest updates on US market.
03:42We'll be bringing more updates next week.
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