The US stock market ushered in another milestone. At the close of US stocks yesterday, Google rose more than 1%, with its market value exceeding 4 trillion US dollars for the first time, becoming another benchmark enterprise among global technology giants. The core driver of this market value breakthrough came from a key cooperation with Apple – Apple announced that it will choose Google Gemini to drive the artificial intelligence Siri to be launched this year, further consolidating Google’s market position in the AI field.

On that day, the three major US stock indexes generally rose. The Dow Jones Industrial Average rose 0.17%, the Nasdaq Composite Index rose 0.26%, and the S&P 500 Index rose 0.16%. The technology sector showed obvious differentiation: Nvidia and Apple rose slightly, Microsoft and Amazon fell slightly, and Broadcom rose more than 2%. Chinese concept stocks performed strongly. The Nasdaq Golden Dragon China Index closed up 4.28%, with Kingsoft Cloud and 111, Inc. rising more than 20%, and Zhihu and Yatsen Holding Limited rising more than 10%, reflecting the recovery of market confidence in Chinese Internet enterprises.

In terms of corporate dynamics, technology giants have taken frequent actions: OpenAI acquired medical startup Torch, Meta plans to lay off 10% of employees in its Reality Labs, and Nvidia and Eli Lilly will jointly invest 1 billion US dollars to build an AI drug laboratory. Musk questioned the cooperation between Google and Apple, believing that Google controls both the Android system and the Chrome browser, resulting in excessive concentration of power.