00:00All right, now let's break down what's happening in the U.S. stock market.
00:04And right now I'm going to show you the Finviz report for this U.S. market.
00:09And in front of me right now is the Standard & Poor's 500 Index stocks,
00:12categorized the back sectors and also industries, and size represents market cap.
00:17And there's a mix of red and green color, where green means gains and red means losses.
00:23And I'm going to start with NVIDIA under the semiconductors sector,
00:26where it shows red color over here, and it was decreased or down by 0.97%,
00:32and the current stock price is 178.26.
00:36And the latest update on NVIDIA, where two Chinese nationals in California were arrested and charged
00:42with illegally shipping tens of millions of dollars worth of AI chips to China,
00:47including NVIDIA H100s, the U.S. Justice Department said on Tuesday.
00:51Chuan Geng, 28, of Pasadena and Shiwei, Yang, 28 years old,
00:56exported advanced NVIDIA chips and other technology to China from October 2022 through July 2025
01:02without obtaining the required licenses from the U.S. Commerce Department, the Justice Department said.
01:09According to the affidavit, Geng & Yang's, El Monte-based company ALX Solutions was founded in 2022,
01:15shortly after the U.S. imposed sweeping export controls on technology to China
01:20and began to require licenses for the chips.
01:24Over 20 shipments from ALX went to shipping and freight forwarding companies in Singapore and Malaysia,
01:30which are often used as transshipment points for illegal goods to China,
01:34a federal agent who works for the U.S. Commerce Department said in the affidavit.
01:38ALX received a $1 million payment from China-based company in January 2024,
01:43and other payments from companies in Hong Kong and China,
01:47not from the freight forwarding companies, the agent said.
01:51Moving on to Google, let's see what Google was down by 0.2.2%,
01:58and the current stock price is 195.32,
02:00but at the same time, Meta was decreased as well by 1.66%,
02:05and the current stock price is 763.4%.
02:10But I have updates on Google, where Google has signed agreements with two U.S. electric utilities
02:15to reduce its AI data center power consumption during times of surging demand on the grid,
02:21the company said on Monday, as energy-intensive AI use outpaces power supplies.
02:27Utilities in the country have been inundated with requests for electricity
02:31for big tech's AI data centers, with demand eclipsing total available power supplies in some areas.
02:38That power crunch has led to concerns about spiking bills for everyday homes and business and blackouts.
02:44It has also complicated the technology industry expansion of AI,
02:49which requires massive amounts of electricity fast.
02:52Google's agreements with Indiana-Michigan Power and Tunis' Power Authority
02:56would involve scaling back power use at the technology giant's data centers
03:01when called upon by the electric utilities to free up space on the grid.
03:05They are the first formal agreements by Google in demand response programs with utilities
03:10to temporarily curtail its machine learning workloads, a subset of artificial intelligence.
03:16All right, next, I'm going to show you Tesla under auto manufacturers' consumer silicle,
03:23where it was down a bit, under 0.17%, and current stock price is 308.72.
03:31But the current update on Tesla, where Elon Musk and Tesla were sued by shareholders
03:36who accused them of security fraud for concealing the significant risk
03:40that the company's self-driving vehicles, including the robotaxi, were dangerous.
03:46The proposed class action was filed on Monday night following Tesla's first public test
03:51of its robotaxis in late June in the company's Austin, Texas hometown.
03:56The test showed the vehicles speeding, braking suddenly, driving over a curb,
04:00entering the wrong lane, and dropping off passengers in the middle of multi-lane roads.
04:05Tesla's share price fell 6.1% over two trading days after the test began,
04:11wiping out about $68 billion of market value.
04:14Musk and his electric vehicle maker were accused of repeatedly overstating the effectiveness
04:19of and prospects for their autonomous driving technology,
04:23inflating Tesla financial prospects, and stock price.
04:27Shareholders said this included Musk's assurance on April 2022 conference call
04:31that Tesla was laser-focused on bringing robotaxi to Austin in June,
04:36and Tesla's claim the same day that its approach to autonomous driving
04:39would deliver scalable and safe deployment across diverse geographies and use cases.
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