The stock market showed resilience as the Nasdaq increased 0.87%, closing 151 points higher despite initial pressure from Tesla's disappointing delivery numbers. Notably, Nvidia gained as Chinese companies ordered $16 billion worth of AI accelerator chips. Other stocks like DoorDash and Palantir Technologies also saw increases, the former due to a new partnership with Domino's. Tesla rebounded 5% amidst news regarding CEO Elon Musk's potential shift from his role in the Department of Government Efficiency (DOGE), which clarified Musk's long-stated intention to leave when his tasks were completed.
Despite President Trump's looming "Liberation Day" tariffs, the stock market, particularly the Nasdaq, rose, ending a day of volatility in the trading process.
Nvidia enjoyed a significant boost from Chinese companies ordering $16 billion in its advanced AI chip technologies, underlining the ongoing tech demand amid export concerns.
Tesla's stock made a strong recovery amidst the mixed news, closing 5% higher after speculation on CEO Elon Musk's future role with the Department of Government Efficiency.
DoorDash's partnership with Domino's facilitated a jump in its stocks, signifying strategic collaborations that are crucial for growth and increasing user engagement.
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