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Cathie Wood's Ark Invest made significant trades on Tuesday, acquiring shares in Tempus AI and AMD while selling shares in Meta Platforms. These moves reflect Ark's confidence in the growth potential of AI and GPU companies, while also suggesting concerns about Meta's valuation and regulatory challenges.

U.S. stock markets closed lower on Tuesday as investors awaited the Federal Reserve's interest rate decision, with Nvidia and Meta among the top stocks that lost ground. Sarepta's stock plunged after a patient death following treatment with its gene therapy, while Tesla's shares dropped after Nvidia's partnership with General Motors on self-driving vehicles.

Cryptocurrency markets are experiencing a downward trend on Tuesday as investors brace for the upcoming FOMC meeting. This meeting, which will be held tomorrow, is expected to have a significant impact on the market, with some analysts predicting a further decline in prices while others remain optimistic about a potential rally.

NVIDIA and General Motors announced a partnership to develop self-driving vehicles, adding to the competition Tesla faces in the autonomous driving space. Tesla plans to launch its first robotaxi service in Austin in June 2025, using Tesla-owned vehicles equipped with an unsupervised version of the company's Full Self-Driving (FSD) software.

AppLovin Corp (APP) has been under intense scrutiny in recent weeks, with its stock price plummeting over 40% following a barrage of short seller reports alleging fraudulent advertising practices. The company's shares have taken a nosedive, dropping from a high of $525 to a current level of $278.84, raising serious concerns about its long-term viability.