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In September, influenced by the Federal Reserve's interest rate cut and optimistic sentiment about ai, the value of the technology market soared.
Fed rate cuts typically boost future profits and cash flow of high-growth companies. Buoyed by this, the market cap of many technology companies skyrocketed in September, with the continued enthusiasm for ai further driving the market cap growth. Tesla's market cap surged by 22.2% last month, reaching $834.4 billion by the end of September, mainly due to record electric autos sales in China in August, and Tesla's plans to roll out its Full Self-Driving (FSD) advanced driver-assistance software in China and Europe. Oracle's market cap climbed by 21.3% at the end of last month, reaching $472.2 billion.
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