According to CoinMeta, NASDAQ fell by 0.9% at the close, mainly due to Google's stock price dropping by more than 4%. The U.S. stock market opened moderately on that day but then continued to decline, eventually falling another 0.3 percentage points in the last few minutes. The reason for Google's stock price drop was that AI expert Demis Hassabis announced that he would no longer be responsible for the daily management of Google DeepMind, and instead would become the chief scientist of Alphabet and the chairman of DeepMind. DeepMind's chief technology officer Koray Kavukcuoglu will take over the daily responsibilities for cutting-edge model research and Gemini development. In addition, NVIDIA's stock price rose by 3.8%, as the market gradually accepted that the large-scale AI capital expenditures will continue and may bring positive investment returns.