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Tech market values jump in September on Fed rate cuts, AI optimism

Economic TimesEconomic Times · 1m
Tech market values jump in September on Fed rate cuts, AI optimism

- Tesla's market value rose by 22.2% in September to $834.4 billion due to record electric vehicle sales in China and the launch of its Full Self-Driving software. - Oracle Corp's market value increased by 21.3% to $472.2 billion as the company aims to surpass $100 billion in revenue by fiscal 2029. - Meta Platforms Inc's market value surged by 10% to $1.45 trillion, driven by the introduction of augmented reality glasses and new AI capabilities. - Amazon.com Inc's market value rose by 4.4% to $1.95 trillion, while Microsoft Corp's market value increased by 3.2% to $3.2 trillion. - Eli Lilly and Co's market value dropped by 7.7% to $842 billion, and Saudi Arabian Oil Co's market value fell by 3% to $1.75 trillion.

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