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Tesla boosts markets as Nvidia faces challenges ahead of earnings report
Tesla shares surged 5.6% following reports of a federal framework for self-driving vehicle regulation, offsetting Nvidia"s 1.3% decline due to overheating issues with its new chips. The S&P 500 rose 0.4%, while the Nasdaq Composite gained 0.6%, marking a rebound after recent losses. Super Micro Computer"s stock soared 16% as it sought Nasdaq compliance, reflecting a broader positive sentiment in the market despite some headwinds.
European tech leaders call for stronger action against US tech dominance
European tech CEOs are advocating for a "Europe-first" strategy to combat U.S. tech dominance following Donald Trump's electoral victory. At the Web Summit in Lisbon, leaders emphasized the need for stronger regulations and localizing AI infrastructure to ensure Europe remains competitive and self-sufficient in technology. Concerns were raised about potential shifts in the EU's regulatory stance towards major U.S. tech firms amid fears of retaliation from the new U.S. administration.
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