Donald Trump and Kamala Harris are currently tied in their appeal to crypto voters, according to a recent Coinbase poll.
On Monday afternoon, the Nasdaq surged by 1.5%, gaining 277 points, following President Joe Biden’s exit from the presidential race and his endorsement of Vice President Kamala Harris. The Dow Jones Industrial Average and S&P 500 also showed positive movements, rising by 0.3% and 1.1%, respectively.
The crypto betting platform Polymarket has chosen Harris as the likely Democratic nominee for president, while PredictIt, based in New Zealand, forecasts that she will become the 47th president of the United States.
In the technology sector, Nvidia saw its shares rise by 4% after reports indicated that the company is working on a version of its new Blackwell AI chips for the Chinese market. Collaborating with a local partner, Inspur, the chip—tentatively named the “B20″—is expected to begin shipping in the second quarter of 2025, although Nvidia has not provided official comments on the matter.
Tesla’s stock jumped nearly 5% the day before its earnings report, during which CEO Elon Musk is anticipated to share updates regarding the delayed unveiling of the company’s robotaxi. Musk mentioned on X that Tesla aims to have usable humanoid robots in low production for internal use by next year while hoping for larger scale production for other companies by 2026.
CrowdStrike, the cybersecurity firm involved in last Friday’s significant global tech outage, reported that many of the affected 8.5 million Windows devices are slowly returning to operational status. However, CrowdStrike’s stock fell over 13% on Monday, trading around $263.
Verizon experienced a nearly 6% drop in stock price following its latest quarterly earnings report, which revealed a revenue shortfall due to customers holding onto their existing phones longer than anticipated. Verizon reported second-quarter revenue of $32.8 billion, slightly below analysts’ estimates of $33.06 billion, while its earnings per share matched expectations at $1.15.