On December 2, 2024, the US stock market opened with mixed results. The Dow Jones Industrial Average increased by 0.14%, the NASDAQ Composite rose by 0.33%, and the S&P 500 gained 0.21%.

In the sector performance, the New Energy Vehicle sector saw a significant rise of 2.59%, with Tesla Motors leading the gains at 2.83%. The Solar Energy sector also performed well, with a 1.89% increase, and notable gains from First Solar at 2.59% and JinkoSolar at 3.65%. The Bitcoin Concept sector rose by 1.61%, with Coinbase Global Inc. up by 2.02%. However, the Gold sector experienced a decline of 1.01%, and the Silver sector fell by 1.56%.

Apple saw a 0.58% increase after news that the company has ordered M5 chips from TSMC, which will use enhanced ARM architecture and 3nm process technology. The first devices with M5 chips are expected by the end of next year or early 2026.

NVIDIA Corp rose by 0.37% following the retirement of Intel CEO Pat Gelsinger, who stepped down effective December 1. Intel named two interim co-chief executive officers, and its stock gained 5% in premarket trading.

Amazon.com increased by 1.45%, while Taiwan Semiconductor Manufacturing surged by 3.18% due to the M5 chip order from Apple.

Super Micro Computer Inc soared by 15.15% after the company announced that an independent Special Committee found no evidence of fraud or misconduct, leading to a positive market sentiment.

Marvell Technology rose by 4.91% following the expansion of its strategic cooperation with Amazon AWS, and its price target was raised by Evercore ISI Group.

MicroStrategy increased by 2.33% after announcing the acquisition of approximately 15,400 bitcoins, bringing its total holdings to about 402,100 bitcoins.

Tesla Motors saw a 2.83% rise as the company rolled out a new version of its Full Self-Driving software, and XPeng reported an increase in vehicle deliveries.

Intel gained 3.31% following the retirement of its CEO and the appointment of interim co-chief executive officers.

Stellantis experienced a sharp decline after CEO Carlos Tavares resigned, leading to a significant drop in stock price due to lower sales and high dealer inventories.