Tesla rose 5.3% intraday on Monday, and NVIDIA gained 0.9%, leading the "Magnificent Seven," as Tesla's Optimus robot entered mass production.
Tesla and NVIDIA led a rebound during Monday's trading session, emerging as the only two stocks among the "Magnificent Seven" tech giants to post gains. Tesla's surge was particularly notable, as the market confirmed its Optimus humanoid robot has officially entered mass production at its Fremont factory in California. NVIDIA continued its strong performance following its earnings report. In contrast, Microsoft, Meta, Apple, Amazon, and Google all saw their stock prices decline, indicating a divergence in capital preferences within large-cap tech. On the macro front, the US 10-year government bond yield surpassed 4.75%, and escalating tensions in the Middle East drove a sharp rise in oil prices, leading the market to further bet on the Federal Reserve raising interest rates.
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