Tech stocks today: Tesla earnings on deck, Google announces new chips, SpaceX looking at acquiring Cursor

Tech stocks rose Wednesday, after President Trump said he would extend the ceasefire between the US and Iran Tuesday evening. The tech-heavy Nasdaq climbed 0.75%.

Tesla (TSLA) will report its first quarter earnings after the bell on Wednesday, as Wall Street looks for more information on the company's Robotaxi service and capital expenditures related to its AI products.

But it's the Robotaxi service that's key to Tesla's growth. Over the weekend, the company said it had expanded the offering to parts of Dallas and Houston.

Elon Musk's other big company, SpaceX (SPAX.PVT) , is also making news after the company posted on X that AI coding tool maker Cursor has given the company the option to purchase it later this year for $60 billion.

Elsewhere, Google (GOOG, GOOGL) announced two new AI chips on Wednesday as part of its Cloud Next 2026 event that put it into even closer competition with Nvidia (NVDA). Google has signed deals with OpenAI (OPAI.PVT) and Anthropic (ANTH.PVT) to provide the company with its chips, and according to The Information inked a similar agreement with Meta (META).

That raises the stakes for Nvidia, which must now compete with its own customers.