Wall Street Stocks Surge: NVIDIA and Tesla Rise

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Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
 

•  10 Jun 2025
 

US and Chinese trade representatives are meeting in London for another round of negotiations aimed at bridging policy disputes initiated during the Trump administration. Wall Street investors are closely monitoring these discussions, with stock index futures trading near zero. The S&P 500 futures show a modest 0.07% increase, NASDAQ futures remain virtually unchanged, and the Dow is down approximately 0.03%.

Key issues under discussion include access to China's rare earth mineral resources, reflecting ongoing tensions between the two economic superpowers. Meanwhile, investors are anticipating tomorrow's Consumer Price Index (CPI) report for May, which will shed light on inflation trends influenced by Trump's tariff policies.

NVIDIA stock is recording a modest 0.4% gain in pre-market trading, trading at $143 per share. The AI chip giant received a boost following strong first-quarter results that exceeded Wall Street expectations, reporting earnings per share of $0.81 versus the consensus estimate of $0.75.

Today, NVIDIA announced the launch of JUPITER, Europe's fastest supercomputer powered by its Grace Hopper platform. This revolutionary machine is twice as fast as its nearest competitor and capable of performing billions of billions of calculations per second, making it the first of its kind in Europe. JUPITER contains approximately 24,000 advanced NVIDIA chips connected through high-speed networks, designed for complex tasks including climate research, quantum computing, biology, and engineering.

The project, in collaboration with EuroHPC and Germany's Jülich Center, reinforces NVIDIA's position as a global leader in AI and advanced computing technologies.

Tesla Inc. (TSLA) - Robotaxi Launch Generates Investor Excitement
Tesla stock is climbing 2.3% in pre-market trading, reaching approximately $315 per share, driven by anticipation for the upcoming robotaxi service launch scheduled for Thursday in Austin, Texas. Market enthusiasm surrounding Tesla's Cybercab autonomous vehicle, expected to enter mass production in 2026 at under $30,000, is generating significant investor interest.

The Tesla robotaxi represents the company's return to the autonomous transportation race, positioning itself against Google's Waymo. Additionally, CEO Elon Musk's decision to step down from his advisory role in the Trump administration as head of the Department of Government Efficiency (DOGE) to refocus on Tesla management is encouraging investors.

Musk announced his return to working "24/7" on Tesla, including "sleeping at the office," which has reassured markets concerned about his political involvement affecting both his time and the company's reputation and sales, particularly in markets like Europe and California. This renewed focus, combined with plans to launch a more affordable electric model, strengthens hopes that Tesla will return to growth trajectory and recover from a 23% decline since the beginning of the year.

McDonald's stock is down 1.22% in pre-market trading at around $301 per share following analyst downgrades citing that "the company's pricing power has eroded." The fast-food giant faces intense competition in the quick-service sector and is negatively impacted by health-conscious trends.

Despite current pressures, the stock shows positive returns with a 5% gain year-to-date and approximately 19% returns over the past 12 months. Concerns stem from potential higher tariffs under Trump's trade policies, which could increase raw material costs, and growing competition from chains like Taco Bell and Burger King offering cheaper menu options.

Palantir stock is down 0.3% in pre-market trading at around $131 per share, completing an impressive 74% surge since the beginning of the year, positioning it as one of the standout performers in the S&P 500 stocks. The slight decline appears to be natural profit-taking after sharp gains.

Palantir continues attracting attention through numerous government contracts, particularly in AI and data analytics, generating $884 million in Q1 2025, a 39% increase. Notable contracts include a $480 million Pentagon deal to expand the Maven Smart System, increased by $795 million in May, bringing the total contract value to $1.3 billion through 2029.