Donald Trump and Kamala Harris are in a tight race for crypto voters, according to a recent poll by Coinbase. Following President Joe Biden’s announcement on Sunday that he would withdraw from the presidential race and endorse Vice President Harris, the Nasdaq saw a significant rise of 1.5%, gaining 277 points. The Dow Jones Industrial Average and S&P 500 also experienced gains of 0.3% and 1.1%, respectively.
The betting platform Polymarket currently favors Harris as the Democratic nominee for president. Meanwhile, PredictIt, based in New Zealand, suggests she could become the 47th president of the United States.
In other market news, Nvidia’s shares jumped by 4% after reports emerged that the company is developing a version of its new Blackwell AI chips specifically for the Chinese market. Nvidia is collaborating with local partner Inspur for the launch of the chip, tentatively named “B20,” with plans for shipping to begin in the second quarter of 2025. The company has not provided any official comments regarding this development.
Tesla’s stock rose nearly 5% just one day ahead of its earnings report, during which CEO Elon Musk is anticipated to offer updates on the company’s delayed robotaxi project. Musk indicated on social media that Tesla expects to have functional humanoid robots available for internal use in 2024, with broader production anticipated by 2026.
CrowdStrike, the cybersecurity firm involved in last week’s widespread tech outage, is gradually recovering. The company confirmed that many of the approximately 8.5 million Windows devices affected are now operational again, though CrowdStrike’s stock fell over 13% to around $263 on Monday.
Verizon experienced a nearly 6% drop in its stock following the release of its quarterly earnings report, which revealed a miss in revenue estimates. The decline is attributed to customers sticking with their existing phones for longer, negatively impacting upgrade rates in the telecom industry. Verizon reported second-quarter revenue of $32.8 billion, slightly below the expected $33.06 billion, with earnings per share matching analyst forecasts at $1.15.