On Thursday, the U.S. stock market saw considerable fluctuations. Tesla's shares took a significant hit, plummeting by 4.38%—its steepest single-day decline in two months—with a total trading volume reaching $40.989 billion for the day. In related news, Elon Musk's AI venture, xAI, has formally initiated legal proceedings against OpenAI, alleging the theft of trade secrets pertaining to the chatbot Grok.

Nvidia's stock price saw a modest uptick of 0.41%, with trading volume totaling $33.823 billion. This comes as the company is actively nurturing a Robotaxi project internally. Apple's shares rose by 1.81%, accompanied by a trading volume of $13.49 billion, following the company's appeal to EU antitrust regulators to overturn pertinent regulations.

Oracle's stock price took a 5.55% tumble, with trading volume hitting $11.27 billion, after Redburn issued a 'Sell' recommendation. Meanwhile, Intel is exploring investment or manufacturing collaboration with TSMC and is also engaged in discussions with Apple regarding potential investment avenues.

Meta Platforms' stock price dipped by 1.54%, with a trading volume of $7.916 billion, as Mark Zuckerberg announced that Instagram's monthly active user base has surged to 3 billion. Strategy's shares plummeted by 6.99%, with trading volume reaching $6.662 billion, amidst a broader downturn in cryptocurrency-related stocks in the U.S. market on Thursday.

OKLO's stock price declined by 9.18%, with trading volume totaling $5.332 billion, following a downgrade in its rating. Similarly, Robinhood's shares dropped by 3.27%, with trading volume at $4.034 billion, as cryptocurrency-linked stocks experienced a collective decline.