Closing Bell | U.S. Markets See Mixed Performance, Apple Drops Over 3%, GameStop Surges Over 7%

Market Watcher05-24
On May 23, 2025, U.S. stock markets closed with mixed performance. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced declines, with technology stocks leading the losses.

In sector performance, the Meme stock sector saw notable gains, with GameStop rising 7.03% due to renewed interest in its potential connection to Bitcoin. Meanwhile, the U.S. semiconductor sector faced pressure, with NVIDIA dropping 1.16% and Apple falling 3.02% following tariff threats from former President Trump targeting Apple and European semiconductor companies.

In individual stock news, Apple declined 3.02% after former President Trump threatened a 25% tariff on Apple products not manufactured in the U.S., raising concerns about the impact on global trade and the tech supply chain.
NVIDIA fell 1.16% despite Oracle's announcement of a $40 billion investment in Nvidia chips for OpenAI's new U.S. data center, signaling a significant commitment to advanced AI infrastructure.
Meta Platforms, Inc. dropped 1.49% after a German court rejected an attempt to block Meta from using EU user data for AI training, allowing the company to proceed with its plans.
Uber saw a slight decline of 0.28% despite Tigress Financial raising its price target to $110, reflecting confidence in the company's growth potential.
GameStop surged 7.03% as investors linked the stock to Bitcoin, driving renewed interest and pushing shares to a four-month high.
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