Both Virgin Galactic and AMC Entertainment were losing ground on Tuesday

as retail investors appeared to have moved on from the former meme stock favorites. Virgin Galactic shares fell 7.2 percent to $37.76 at the close, while AMC fell 7.7 percent to $39.35. Both companies had their shares boosted by retail traders on WallStreetBets, but both have seen their shares fall as other companies enter the meme stock spotlight.

Elon Musk was in court on Monday and claimed he has no influence over Tesla's board of directors.

He denies that interview recordings show him as a boss with unlimited power. Shareholders accuse Musk of pressuring Tesla into a deal to buy solar panel manufacturer SolarCity. Elon Musk, one of the world's richest people, owns 22 percent of both Tesla and SolarCity.

The stock of Virgin Galactic fell on Monday morning, a day after Richard Branson's company completed the world's first space tourism flight.

Shares of Virgin Galactic (ticker: SPCE) rose 217 percent in the two months leading up to Sunday's flight, and were up about 9 percent in premarket trading on Monday. However, during the regular session on Monday, shares fell about 17%. The S

Spotify (SPOT) continues to dominate the global subscription music streaming market.

According to a research firm, Midia Research, it is losing 2% of its market share to faster-growing competitors in the first quarter of this year. Apple (AAPL) was in second place with a 16 percent share of the market for Apple Music. Amazon Music (AMZN) and China's Tencent Music (TME) tied for third place with a 13 percent share each. Alphabet's (GOOGL) YouTube Music came in fifth place with an 8 percent market share.

Spotify stock fell on the news, bringing the company's year-to-date loss to 17.1 percent as of Monday's close.

According to Mizuho Securities analyst Vijay Rakesh, data center spending on server chips is increasing.

He believes that supply constraints will be the most significant impediment to data center chip sales in the near future. The analyst maintained his price targets for AMD, Intel, and Nvidia, the three semiconductor stocks. Today, Nvidia shares rose 2.31 percent, Intel shares rose 1.32 percent, and AMD shares fell 0.1 percent.

Moderna Inc announced on Monday that it had signed a supply agreement with Argentina's government for 20 million doses of its COVID-19 vaccine or its updated variant booster vaccine candidate.

The company stated that delivery would begin in the first quarter of 2022.

Separately, Moderna Inc (NASDAQ: MRNA) will begin a trial to assess pregnancy outcomes in women who received the Company's COVID-19 shot during their pregnancy.

According to an update posted on the ClinicalTrials.gov website, the trial will begin on July 22 with the goal of enrolling 1,000 people.

The observational study, which will have a 21-month follow-up period, is scheduled to be completed in January 2024.

Moderna's share rose 2.80% today.

According to Deutsche Bank, electric vehicle sales in China are expected to more than double this year.

It will benefit Chinese EV manufacters like Nio Inc., XPeng Inc. XPEV, Li Auto Inc., and WM Motor Technology Group Co.

According to the analysts, EV sales, including battery-powered and plug-in hybrids, represented between 14 and 15 percent of the overall sales mix for the month, citing data from the China Association of Automobile Manufacturers.

Taiwan Semiconductor's (TSM) second-quarter earnings are expected to benefit from Apple's ramp-up of iPhone 13 production, as well as typical seasonal strength.

The chipmaker's June sales of 148.78 billion new Taiwan dollars ($5.31 billion) bring total sales to NT$372.4 billion, which is roughly 1% higher than Wedbush analysts' NT$369 billion forecast.

TSM's stock was up 2.15 percent, while Apple's stock was up 1.42 percent as of 10:30 a.m. PST on Friday.

Tesla raised the base prices of the Model S sedan and Model X SUV's Long Range variants by $5,000 on July 8th,

bringing the two vehicles' starting prices to $84,990 and $94,990, respectively.

However, Tesla just launched a lower-cost Model Y in China, where it is facing increased scrutiny from regulators and the public, as well as increased competition from local rivals. The standard-range Model Y, which was unveiled on Thursday, has a starting price of 276,000 yuan ($42,588) after government subsidies, which is roughly 20% less than the long-range Model Y.

Tesla's sales of Chinese-made vehicles fell in June compared to the previous month, according to the China Passenger Car Association on Thursday.

Paypal (PYPL) co-founder Peter Thiel's $5 billion Roth IRA balance has some members of Congress questioning the tax policies of these investment vehicles.

Massachusetts Democratic Representative Richard Neal, who chairs the House Ways and Means Committee, told ProPublica that he has requested a proposal to “stop IRAs from being exploited.” According to ProPublica's report, the tech giant's account grew from less than $2,000 in 1999 to $5 billion today, thanks in part to investments in private securities.