US Stock Market Move | Tesla, Inc. (TSLA.US) rose over 3% as the Terafab AI chip superfactory project was launched.
On Friday, Tesla (TSLA.US) rose by more than 3%, closing at $330.23.
On Friday, Tesla, Inc. (TSLA.US) rose over 3%, closing at $330.23. In terms of news, on August 7, SpaceX and Tesla, Inc. jointly announced the launch of the Terafab project, with an initial investment of $16.8 billion, aimed at closing the gap between the global chip supply and the over 1 terawatt of computing power that the two companies expect to need in the coming years. Musk estimates that about 25% of the AI computing power will be used for Tesla, Inc. Optimus Siasun Robot & Automation, with 75% allocated for AI spacecraft.
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US Stock Market Move | The non-ferrous metal sector experienced a general surge, with Century Aluminum Company (CENX.US) soaring over 12%.
The Trade Desk (TTD.US) was downgraded by Susquehanna, with its target price cut by nearly 60%. The stock price once plunged by about 26%.
US Stock Market Move | Circle (CRCL.US) rose over 7%. Institutions: The market underestimates the company's long-term revenue potential.
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