Nvidia Declines as Huawei AI Threat Emerges; Tesla Rises on Musk's Commitment

As Huawei tests a new AI processor, Nvidia faces pressure while Tesla rebounds under Musk’s renewed focus, hinting a potential market shift.

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Updated 32m ago

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Midday Trends

Market Movements: Nvidia Declines Further, Tesla Gathers Momentum

Dow Jones futures dip

-0.1%

Key Facts

Dow Jones futures dipped 0.1% while Nvidia (NVDA) sharply fell on reports of the new AI chip, against Tesla (TSLA) looking to continue its rally.
Tesla's stock is down this year, but investor confidence appears to be recovering following Elon Musk's performance in the Q1 earnings call.

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Background Context

Pre-market Trends: Tesla Rises and Nvidia Faces New Threat

Elon Musk says he will put more focus on the company rather than government work

Elon Musk

founder of Tesla

Best week of Tesla stock

2025

Key Facts

Nvidia (NVDA) is down in early trading after reports of Huawei Technologies testing a new artificial intelligence processor aimed at rivaling Nvidia's products.
Tesla (TSLA) is leading the Mag 7 premarket gains, rebounding despite last week's weak earnings, as Elon Musk pivots focus back to the company.
Boeing (BA) shares are higher after an upgrade from Bernstein, which reflected the stock's growth potential.

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