Tesla (TSLA) stock fell as much as 6% Monday, leading Big Tech stocks downward amid investor concerns over President Trump’s tariff policies and CEO Elon Musk’s government role turning off potential buyers.
Trump is set to impose 25% tariffs on foreign autos and certain auto parts this week. Although Tesla stands to suffer less than other auto companies from the tariffs,
Tesla Inc. (TSLA, Financials) shares fell 3.5% Friday and extended losses by another 6% in premarket trading Monday after CEO Elon Musk said his artificial intelligence company xAI acquired social media platform X in an all-stock transaction.
Musk said the deal assigns xAI a valuation of $80 billion and X $33 billion,
Blossom Wealth Management increased its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,661 shares of the iPhone maker’s stock after acquiring an additional 418 shares during the period.
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If you’re looking for stocks with consistent, predictable business models that pay attractive distributions and have robust yields, the pipeline sector is one of the best places to look. The sector as a whole is inexpensive versus historical levels, while the current environment is one of the best these stocks have seen in many years.
» Read more about: 3 Pipeline Stocks to Buy With $1,000 and Hold Forever »
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The Wall Street Journal raked Secretary of Health and Human Services Robert F. Kennedy Jr. over the coals for his effort to promote anti-vaccine ideas at his department in a new editorial.
» Read more about: Top Stock Movers Now: Tesla, Nvidia, Moderna, and More »
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 5.2% in the morning session after anxiety and uncertainty rattled markets as the major stock indices pulled back in the morning session amid concerns about “reciprocal tariffs”
» Read more about: Why Nvidia (NVDA) Stock Is Trading Lower Today »
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I know that a lot of our audience is interested in finding a way to hide out in some of the big tech names, and we just had a chance for our executive editor, Brian Sozzi, to speak with Lisa Su, the CEO over at AMD about the future of AI.
» Read more about: Long-term AI investing is worth it despite 'dicey' short term »
Ahead of Donald Trump’s reciprocal tariffs against “all countries” coming into effect, the US President on Monday put out a list of companies on social media, claiming that they were set to invest trillions of dollars in the United States and create thousands of job opportunities.
