Just: Major technology stocks, such as “Alphabet,” “Meta,” and “Apple,” rose in late trading on Tuesday, while shares of “Nvidia” fell after the “Wall Street Journal” newspaper reported that “Apple ” developing its own chip to run programs.
Trading also saw a decline in Walt Disney stock 10% in Tuesday’s session to the lowest levels in 3 months, causing the company to lose $ 20 billion in market value in one day.
These losses followed the decline in its traditional television business and a weak box office overshadowing its profits in the online entertainment sector.
The company’s quarterly revenue came to $22.08 billion, compared to $22.11 billion. While earnings per share came to $1.21 per share, compared to expectations of $1.1 per share.
Tesla shares also fell 4% in Tuesday’s session, causing the company to lose $22 billion in market value in one day. Those losses came after data showed the American automaker sold 62,167 Chinese-made electric cars in April, down 18% from a year earlier.
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