Tech Market Stocks: Tech Market Stocks Rise in September on Fed Rate Cuts, AI Optimism

The market capitalization of many technology companies increased in September, driven by a Federal Reserve rate cut That typically improves future earnings and cash flows for high-growth companies, and is further driven by continued enthusiasm for artificial intelligence.

Tesla’s market value rose 22.2% last month to $834.4 billion at the end of September, boosted by record electric vehicle sales in China in August and its plans to introduce its advanced driver assistance software Full Self-Driving (FSD) in China and Europe.

Oracle Corp.The company’s market value rose 21.3% to $472.2 billion late last month, with shares hitting record highs driven by optimism about the company’s projection of surpassing $100 billion in revenue by fiscal 2029, driven by AI-led demand for cloud services.

Metaplatforms Inc’s market value rose about 10% to $1.45 trillion as its shares also hit all-time highs, boosted by the unveiling of its first working prototype of augmented reality glasses, called Orion, and the introduction of new artificial intelligence capabilities for your services.

Amazon.com Inc’s market value rose 4.4% to $1.95 trillion at the end of last month, and Microsoft Corp’s market value rose 3.2% to $3.2 trillion.


On the other hand, the market value of Eli Lilly and Co fell 7.7% to $842 billion, while the market value of Saudi Arabian Oil Co fell 3% to $1.75 trillion at the end from last month.

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