Reported 5 days ago
In September, market valuations of several tech companies soared following a Federal Reserve rate cut, which typically enhances future cash flows for growth firms. Key players like Tesla, Oracle, and Meta saw significant gains, with Tesla’s value rising 22.2% to $834.4 billion, driven by strong sales and advancements in autonomous driving technology. Oracle gained 21.3%, buoyed by optimistic revenue forecasts, while Meta's market value surged nearly 10% thanks to new product launches. Conversely, some companies like Eli Lilly and Saudi Aramco experienced declines.
Source: YAHOO