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May 20, 12:37 PM
Tesla Gains 1.7% Premarket on Nvidia GPU Deployment; Target, UnitedHealth, Palo Alto, Xpeng Shares Fall
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Tesla Gains 1.7% Premarket on Nvidia GPU Deployment; Target, UnitedHealth, Palo Alto, Xpeng Shares Fall

Authors
  • CNBC
  • 华尔街日报中文网
  • Barron's
8

On May 19-21, 2025, several major stocks experienced notable market movements. Tesla, UnitedHealth Group, Nvidia, Walmart, Netflix, and Alibaba were among the most active stocks during this period. Tesla announced plans to deploy 1 million Nvidia GPUs, contributing to a 1.7% premarket gain on May 21. Nvidia's CEO mentioned openness to collaboration with Broadcom on NVLink Fusion, though Nvidia's shares declined 0.9%. Target reported earnings misses on EPS, revenue, and same-store sales, alongside a weak full-year guidance, causing its shares to drop 2.5% premarket without clarifying tariff-related price adjustments. Palo Alto Networks and Xpeng also saw declines in premarket trading, while Lowe's shares rose. Market futures were down, with the S&P 500 (ES) and Nasdaq 100 (NQ) both falling 0.6%, and the Russell 2000 (RTY) down 0.9%. Elon Musk reiterated his commitment to Tesla and robotaxi plans amid these market developments. Additionally, broader market commentary noted that technology stock declines ended a streak of U.S. stock gains, with JPMorgan expressing bullishness on emerging markets, particularly Chinese tech stocks. Musk also indicated intentions to reduce political spending and focus on consolidating control over Tesla.

Written with ChatGPT (GPT-4).

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