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Musk's xAI is negotiating for financing of 20 billion US dollars, with an estimated valuation exceeding 120 billion US dollars.
Musk's XAI is seeking $20 billion in funding for its newly merged AI startup and Social Media business. If successful, it will raise the company valuation to over $120 billion. This would also become the second-largest funding round for a startup in history, second only to OpenAI's $40 billion funding earlier this year.
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Uncertainty over tariffs suppresses the rise of U.S. stocks, Technology stocks provide support, Tesla surges nearly 10%, Gold retreats over 1%, and the overall trend falls for the week.
After Trump's "change of heart," the three major stock indexes rose for four consecutive days; NVIDIA's shares increased by more than 4%, and Tesla rose by 18% over the week; Google's strong performance initially saw a rise of over 4%, but most of the gains were later given back; the Chinese concept index halted three-day gains but rose over 7% for the week. The USD experienced its first weekly increase in over a month. Bitcoin once surged nearly $3,000, breaking through the $0.095 million mark. Gold saw its first weekly decline since the announcement of reciprocal tariffs. U.S. oil fell over 2% for the week.
Overnight US stocks | The three major indexes recorded increases this week, with Tesla (TSLA.US) rising by 9.8%.
At the close, the Dow Jones Industrial Average rose by 20.10 points, an increase of 0.05%, closing at 40,113.50 points; the Nasdaq rose by 216.90 points, an increase of 1.26%, closing at 17,382.94 points; the S&P 500 Index rose by 40.44 points, an increase of 0.74%, closing at 5,525.21 points.
Overview of international financial hotspots last night and this morning _ April 26, 2025 _ Financial news
For more global financial news, please visit the 7×24 hours real-time financial news market closing: US stocks closed higher with Technology stocks leading the rise. This week, the Nasdaq increased by over 6.7%. On April 25, the top 20 US stocks by trading volume: Tesla surged 9.8%, reports suggest the USA plans to relax autonomous driving regulations. On Friday, China Concept Stocks had mixed results, with New Oriental rising by 1.53%, while Weiwu dropped by 11.44%. WTI June Crude Oil Product futures rose by 0.37%, while spot Gold fell nearly 1% on Friday, accumulating a decline of 0.30% this week. Major European stock indices closed with collective increases, with the German DAX30 Index rising by 0.81%. Macroeconomically, Trump stated that he likes 'a million rich.'
