Donald Trump and Kamala Harris are closely competing for support among cryptocurrency voters, according to a recent poll by Coinbase.
The Nasdaq saw an increase of 1.5%, gaining 277 points on Monday afternoon, following President Joe Biden’s announcement on Sunday that he would withdraw from the presidential race, endorsing Vice President Kamala Harris as his successor. The Dow Jones Industrial Average and S&P 500 also experienced gains of 0.3% and 1.1%, respectively.
Meanwhile, the crypto betting platform Polymarket predicts Harris will be the Democratic nominee, while PredictIt, based in New Zealand, anticipates she will become the 47th president of the United States.
In other news, Nvidia shares rose by 4% after it was reported that the company is working on a new version of its Blackwell AI chips targeted for the Chinese market. Nvidia is expected to partner with a local distributor, Inspur, to launch the new chip, rumored to be named “B20,” with an anticipated shipping date in the second quarter of 2025. Nvidia has not publicly commented on this development.
Tesla’s stock experienced a nearly 5% increase just a day before its earnings report, where CEO Elon Musk is expected to discuss updates regarding the long-awaited robotaxi. Musk stated on X that Tesla is projected to have functional humanoid robots in limited production for internal use next year, with plans for larger production for external clients by 2026.
CrowdStrike, which faced significant repercussions from a global tech outage last Friday, is beginning to recover, with many of the affected 8.5 million Windows devices reportedly back online. However, the company’s stock remained down over 13%, trading around $263 on Monday afternoon.
Verizon’s stock fell nearly 6% after the release of its quarterly earnings. The telecommunications company did not meet revenue expectations, attributing the decline to customers choosing to retain their existing phones for longer periods. Verizon reported second-quarter revenue of $32.8 billion, just short of the anticipated $33.06 billion, while its earnings per share came in at $1.15, matching analyst forecasts.