US Stock Market Move | The NASDAQ fell 1.3%, with most tech stocks dropping. NVIDIA Corporation (NVDA.US) fell over 3%.

On Thursday, the US stock market opened lower, with the Nasdaq falling by 1.3%. Most of the star tech stocks fell, with NVIDIA Corporation (NVDA.US) and AMD.US dropping by over 3%, Tesla, Inc. (TSLA.US) and Alphabet Inc. Class CA (GOOGL.US) dropping by over 2%, Amazon.com, Inc. (AMZN.US) dropping by over 1%, while Apple Inc. (AAPL.US) and Meta (META.US) turned red against the market trend. In terms of news, it was reported that Tencent has reached an agreement with Apple Inc., where the iPhone maker will process payments and take a 15% cut from purchases in WeChat mini games and in-app purchases. The resolution of this issue (negotiations between the two tech giants have been ongoing for over a year) has opened up a new source of income for Apple Inc. and relieved pressure on Tencent. During Tencent's third-quarter earnings call in 2025, Tencent President Liu Chiping responded by saying that Tencent has a very good relationship with Apple Inc. and have collaborated in many aspects. Tencent and Apple Inc. have been discussing how to make the mini game ecosystem more vibrant, "I think at some point there may be formal approval." Additionally, this week, Moody's Corporation's Chief Economist Mark Zandi posted that the likelihood of the US avoiding an economic recession in the next year is not high. Unless everything goes perfectly smoothly and there are no headwinds. Zandi stated that artificial intelligence contributed 0.63 percentage points to the growth of the US economy this year. Without artificial intelligence, the US economy would likely have entered a recession. Zandi expressed concern that Trump's trade policies could potentially accelerate the US into an economic recession.