00:00The Nasdaq rose 1% and the S&P 500 also ended higher on Wednesday as Alphabet jumped after a U.S. judge ruled against breaking up the Google parent
00:09and as investors were optimistic that the Federal Reserve would cut interest rates this month.
00:15The Dow finished slightly lower with shares of bowing down 2.1%.
00:19Alphabet and Apple gave the S&P 500 and Nasdaq their biggest boost.
00:23Let's go in-depth with the recent updates on Apple and Google.
00:26As we can see from the S&P 500 website here, we're going to take a look at the U.S. market
00:32and every stock categorized by sector in the industry, we can see the size represents all the market cap.
00:39We're going to start with Apple also. Apple as of this morning is up by 3.81%.
00:45As we can see, the update for Apple as of this morning is greener than most of the other sectors within the S&P 500 currently.
00:53And for the Apple, we can say that it's not only Apple, but also Google is also up by 9.02%,
01:01almost achieving two growth digits as of 4th September.
01:05And the latest and the recent updates about Google and Apple is Google won't have to sell its Chrome browser,
01:11a judge in Washington state on Tuesday, handing a rare with two big tech in its battle with U.S. antitrust enforcers,
01:18by ordering Google to share data with rivals to open up competition in online search.
01:23Google parent Alphabet's shares were up to 7.2% in extended trading on Tuesday as investors share the judge ruling,
01:31which also allows Google to keep making lucrative payments to Apple that antitrust enforcers said flows out search rivals.
01:38Apple's shares rose 3%.
01:40Make sense of the latest ESG trends affecting companies and governments, U.S. district judge.
01:45Amit Mehta also ruled Google could keep its Android operating system,
01:50which together with Chrome helped drive Google's market-dominating online advertising business.
01:56The ruling results from a five-year legal battle between one of the world's most profitable companies
02:01and the U.S. were where antitrust regulators and lawmakers have long questioned big tech's market domination.
02:08Mehta ruled last year that Google holds an illegal monopoly in online search and related advertising.
02:15But the judge approached the job of imposing remedies on Google with humility, he wrote,
02:20pointing to competition created by artificial intelligence companies since the case began.
02:25Google faces a major threat from increasingly popular AI tools, including OpenAI's popular ChatGBT chatbox,
02:32which are already eroding Google's dominance.
02:35If allowed to access the data Google is required to share, AI companies could bolster their developments in chatbox,
02:42and in some cases, AI search engines and web browser.
02:47And as of this morning, we can see this is the recent updates about Google and Apple as of this morning.
02:52And we're going to move on to semiconductor updates, especially NVIDIA.
02:56First came the theft, then the epic PowerPoint fail.
03:00A software engineer stole confidential source codes,
03:04jumped ship to chip-making giant NVIDIA,
03:06and then accidentally shared the documents on a video call with his former colleagues.
03:11The theft and blundered led the man's prior employer, Global Automotive Tax Supplier Value,
03:17to file a trade secrets lawsuit against NVIDIA.
03:19Now, a federal judge in San Jose, California, has greenlit the case for a trial in November ruling
03:28that the jury must decide whether the chipmaker benefited from the pilfered information.
03:34Trade secrets have been called the lifeblood of Silicon Valley,
03:37and the case raises a thorny intellectual property question.
03:40Can NVIDIA, which claims it didn't want or use any of the stolen information,
03:45still be held liable for the rogue employee's misappropriation,
03:48and that is the recent updates of NVIDIA.
03:51And as of the morning, we can see NVIDIA is down by 0.09%.
03:57And the next update for one of the biggest companies within the software infrastructure is Microsoft.
04:02It's up a little bit by 0.05%,
04:05and Microsoft has agreed to give U.S. agencies a discount on its cloud services.
04:10The General Services Administration said Tuesday as part of the administration's push to sign deals
04:16with tech companies for departments across the executive branch.
04:20The deal will save the U.S. government up to $3 billion in the first year, according to GSA and Microsoft.
04:26Reuters could not immediately verify that figure.
04:29As part of the agreement, the company will offer free access to Microsoft Co-Pilot,
04:34its generative AI chat box, to existing federal government users, according to the company.
04:39Agencies can also get lower prices on cloud products such as Microsoft, Sentinel, and Azure Monitoring.
04:47And that is the recent update for some of the companies within the U.S. market.
04:51And we have more updates, especially on the World Economic Forum,
04:55as we are catching what are top stories of the weeks right after this break.
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