Tech Giants' Market Values Soar as Inflation Concerns Ease

Anticipation of global central bank rate cuts and a decline in U.S. yields fuel surge in market capitalisations of mega-cap companies.

Apple Inc's market value increased by 11.2% to $2.95 trillion, while Microsoft Corp's market cap saw a 12.1% increase, reaching $2.8 trillion.
Nvidia Corp's market cap soared 14.7% to $1.15 trillion, following its announcement of a 206% year-over-year revenue increase to $18.1 billion in the third quarter.
JPMorgan Chase & Co's market cap increased by 12.2% to $451 billion by the end of November, boosted by easing inflation concerns.
Tesla Inc's market value rose nearly 20% to $763.2 billion last month, following a price hike for its Model 3 and Y vehicles in China.
Major oil firms saw a drop in market capitalisations due to a decline in oil prices, with Saudi Arabian Oil Co and Exxon Mobil Corp seeing market caps fall by 0.3% and 2.9%, respectively.