Table content
## Todays Stock Exchange Trip: Tesla, Nucor and Super Micro are in control
### Main conclusions:
* US stocks rose in midday trading as fears eased that President Trump’s planned taxes would not be as widespread as initially feared.
* Tesla is reportedly preparing to offer its best autonomous driving technology in China.
* Goldman Sachs lowered Super Micro Computer’s rating amid growing competition in the AI server segment.
The Dow and S\&P 500 rose by more than 2%, and the Nasdaq followed suit, encouraged by optimism about the limited scope of the upcoming tariffs.
Tesla (TSLA) shares received a boost, encouraged by both the tax news and reports that they are about to launch full self-driving functions in China. This is a huge market for Tesla, so investors are understandably excited.
Nucor (NUE) and other US steel producers saw their stock prices rise after UBS upgraded the sector, citing protection from Trump’s tax policies.
AZEK (AZEK) shares rose after the Australian building materials giant James Hardie Industries (JHX) announced an \$8.75 billion cash and stock deal to acquire the outdoor living products manufacturer.
Super Micro Computer (SMCI) suffered a blow when Goldman Sachs lowered the stock’s rating, citing increased competition in the booming AI server market. It seems that the AI gold rush is attracting more players, putting pressure on Super Micro.
Shares of 23andMe Holding (ME) fell after the struggling ancestry information provider filed for Chapter 11 bankruptcy protection in an attempt to make itself more attractive to potential buyers. To add to the drama, co-founder and CEO Anne Wojcicki resigned.
Lockheed Martin (LMT) continued its decline after losing to Boeing (BA) in the competition to build the next generation of US fighter jets.
Once the report surfaced, the financial institution of America devalued the equity and decreased its objective value considerably. Unrefined petroleum futures observed an increase, whereas gold values remained largely constant. The 10-year Treasury return saw an ascent. The dollar obtained strength compared to the Euro and Yen, but remained stable versus the British Pound. The majority of major digital currencies encountered a surge in exchanging values.
