Tesla (TSLA) working on their own AI chip. Tesla is jumping 7% as CEO Elong Musk reminds people Tesla has designed and deployed several million AI chips in their cars and data centers to train the cars to drive themselves. Tesla is close to finishing its AI5 chip, has started work on its AI6 chip, and is aiming to bring a new chip design to volume production every 12 months to be used in their eventual lone of robots.

Drug stock has seen better days. Novo Nordisk (NVO) is down 5% to a 52 week low and a four year low. The company revealed that its pill version of its weight loss drug, Ozempic failed to slow cognitive decline in two high-risk Alzheimer’s studies. It was a long shot for Novo Nordisk, but investors seemed optimistic it would work.

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