U.S. tech stocks showed mixed performance: Tesla rose 1.94%, Google rose 1.16%, Netflix rose 1.11%, and Nvidia rose 1.02%. Meanwhile, Meta fell 0.2%, Apple fell 0.26%, Amazon fell 0.39%, and Microsoft fell 0.59%.
In news, Nvidia announced the launch of its Jetson AGX Thor robot chip module. Dubbed the "robot brain," the chip will begin shipping next month, allowing customers to use it for prototyping robots. The development kit is priced at $3,499 and will be available for sale to global customers, including China.
On the same day, Musk's X and xAI sued Apple and Open AI, accusing the two companies of favoring Open AI's AI applications on the iPhone and hindering fair competition from other AI players. Musk stated that Apple makes it "impossible for companies other than Open AI to top" the AppStore rankings.
Additionally, U.S. pharmaceutical stocks faced negative news. Trump stated that he would compile statistics on U.S. drug costs, take measures to reduce drug prices to 1/1400 to 1/1500 of current levels, and swiftly impose tariffs on drugs. Following Trump's remarks, DexCom fell over 7.6%, Moderna fell 6.53%, Pfizer fell 2.86%, and Merck fell 2.36%.