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Tuesday's Top Stock Market Stories: AI, Amazon, Tesla, and More
ByAinvest
Tuesday, Jul 1, 2025 1:45 pm ET1min read
Amazon activated its millionth warehouse robot, matching its human workforce. Elon Musk's AI startup xAI secured $10 billion in funding. IonQ's stock fell despite analyst coverage updates and positive Texas legislation. Clearone Communications stock surged on a special dividend announcement. Apple faces an anti-competitive probe in Brazil. Tesla stock declined amid a Trump investigation threat. Oragenics stock dropped on a public offering announcement. Webus International's stock rose on $100 million in funding. President Trump suggested investigating Elon Musk's DOGE. Circle Internet received new coverage from Goldman Sachs. AMC Entertainment stock fell on ad additions and debt restructuring. ExxonMobil stock rose despite a lost court case. Huawei made its AI models open source to compete with Nvidia.
Amazon has reached a significant milestone in its automation efforts, with the e-commerce giant activating its millionth warehouse robot, matching its human workforce. According to a report in The Wall Street Journal, Amazon has deployed over 1 million robots in its warehouses, with roughly 75% of its global deliveries assisted by robotics [1]. This deployment has led to increased efficiency, with the average number of employees per facility at Amazon being the lowest recorded in the past 16 years [1].Meanwhile, Elon Musk's AI startup, xAI, has secured a massive $10 billion funding round, intensifying competition in the artificial intelligence sector. The funding, split evenly between secured debt and strategic equity investments, will accelerate the development of xAI’s Colossus supercomputer and Grok chatbot, positioning the firm as a formidable rival to OpenAI [3]. This funding round signals robust investor enthusiasm for Musk’s vision to challenge established AI leaders [4].
In other news, IonQ's stock fell despite analyst coverage updates and positive Texas legislation. Clearone Communications stock surged on a special dividend announcement. Apple faces an anti-competitive probe in Brazil. Tesla stock declined amid a Trump investigation threat. Oragenics stock dropped on a public offering announcement. Webus International's stock rose on $100 million in funding. President Trump suggested investigating Elon Musk's DOGE. Circle Internet received new coverage from Goldman Sachs. AMC Entertainment stock fell on ad additions and debt restructuring. ExxonMobil stock rose despite a lost court case. Huawei made its AI models open source to compete with Nvidia.
References:
[1] https://finance.yahoo.com/news/amazons-robotic-warehouse-workforce-nears-124124545.html
[2] https://www.newsmax.com/finance/streettalk/amazon-robots-warehouses/2025/07/01/id/1217183/
[3] https://www.cnbc.com/2025/07/01/elon-musk-xai-raises-10-billion-in-debt-and-equity.html
[4] https://en.coinotag.com/xai-secures-10-billion-funding-amid-elon-musk-and-trump-dispute-over-government-spending/
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