Tech Giants and Tesla Market Values Soar in November as Inflation Fears Ease
• Tech giants like Apple, Microsoft, and Nvidia saw double-digit percentage increases in their market capitalizations in November as inflation concerns eased.
• JPMorgan Chase and Tesla also saw their market caps surge last month by 12.2% and 20% respectively.
• The market caps for oil companies like Saudi Aramco and Exxon Mobil dropped in November due to declining oil prices.
• Higher revenue and demand for AI chips boosted Nvidia's market cap by 14.7% to $1.15 trillion.
• China saw a spike in EV sales in October despite subsidy rollbacks, helping drive up Tesla's valuation.