00:00The S&P 500 ended higher on Tuesday, July 28, as gains in Boeing and Coca-Cola helped offset tumbling
00:06cheap stocks ahead of quarterly reports from Apple and other tech companies this week.
00:11Global markets have been volatile this month as investors worry that Alphabet, Microsoft, Amazon and other technology heavyweights may be
00:19overspending on AI data centers as they raise to dominate the emerging technology.
00:24Now let's take a look at the US market heat map which provides a visual snapshot of the S&P
00:29500 as we can see right now, stocks across different sectors and also industries.
00:34So on this map, the size of each box represents company's market capitalization, meaning the larger the box, the bigger
00:40the company and green means gains and trading higher, whereas red means losses and trading lower.
00:45So I'm going to start with Apple first. Apple shows a green color over here, so it's increased by 0
00:51.94% and now standing at the level of 340.08.
00:56And the latest update on Apple is Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday,
01:04making it only the second company ever to achieve that milestone after NVIDIA.
01:08And its shares were last up 0.72% at $339.33, giving it a market capitalization of $4.98
01:17trillion.
01:18So Apple became the most valuable company in the world earlier this month, overtaking Cheapmaker NVIDIA, which had been at
01:25the top since June 2025 and was the first company ever to breach the $5 trillion threshold.
01:31So Apple has benefited from strong demand for its products as well, as its decision to skip the ongoing AI
01:37spending race among big tech rivals that is sapping their cash flows and settling them with humongous debt.
01:43So that's the latest update on Apple.
01:45Moving on to Google, it shows a green color as well, so increased by 2.19% and now standing
01:52at $333.71.
01:54And Google, a decades-long crackdown on Google's business practices in Europe, is entering a costly new phase as the
02:01loss of the first case brought against its under-new EU legislation opens the new door to a wave of
02:07private lawsuits demanding up to $10 billion in damages.
02:10So having already absorbed billions of dollars in EU fines since 2017, Alphabet's surge giant is now facing lawsuits from
02:18smaller rivals across Europe, according to half a dozen lawyers and litigation financiers, and a tally of cases filed in
02:26half a dozen countries.
02:27So that has been precipitated by a $1 billion fine, the first under Digital Markets Act imposed on the company
02:33for favoring its own services and preventing app developers from steering users to cheaper options outside its app store, Google
02:41Play.
02:42And moving on to Amazon.
02:44Amazon, on the other hand, decreased by 0.2% and now standing at $230.86, and that's under Internet
02:52Silicle.
02:52So the latest update on Amazon, Amazon.com is revamping its AI strategy, winding down many in-house AI models
03:01and sharpening focus on a new frontier model effort, Business Insider reported on Tuesday.
03:07So the company has begun deprecating most of its flagship Nova AI models, including the high-end, premier and omni
03:14models, real video generation model, and canvas image generation model, the report said.
03:19So instead, Amazon is increasingly moving resources toward a frontier model development, led by researcher Peter Abel, with frontier research
03:28becoming a top priority this year at the company.
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