What's on the News?

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• Nvidia Corporation(NVDA) closed down 0.78% as the top traded stock on Thursday, amid reports of security vulnerabilities in its H20 chips and being summoned by Chinese authorities.
• Meta Platforms, Inc.(META) gained 11.25% after delivering strong earnings and an upbeat third-quarter revenue guidance, planning to double its spending on AI infrastructure.
• Microsoft Corporation(MSFT) surged 3.95%, briefly becoming the second company to hit a US$4 trillion market cap, driven by a 39% sales growth in its Azure cloud division.
• Tesla, Inc.(TSLA) fell 3.38% as it launched a Robotaxi service in California, which will not be fully autonomous and will have safety drivers.
• Alphabet Inc.(GOOGL) A shares declined 2.36% after losing a lawsuit against Epic Games, which could force it to open its app store.
• Unitedhealth Group Incorporated(UNH) dropped 6.19% after significantly lowering its annual profit guidance due to rising medical costs and regulatory pressures.
• Figma(FIG.US) closed with a 250% gain after its debut on the New York Stock Exchange. The cloud-based design software company became the largest IPO in the US market this year.
• Palo Alto Networks, Inc.(PANW) fell 5.15% after announcing a deal to acquire CyberArk, an Israeli identity security firm, for approximately US$25 billion.
• Carvana Co.(CVNA) gained 16.96% after reporting strong second-quarter earnings, with revenue and earnings per share beating expectations.