Mayor: Daniel Lurie will become the next mayor of San Francisco as he has a commanding lead this morning after the 14th and final round of ranked-choice voting with 56% of the vote versus London Breed's 43.6%. Lurie leads Breed by more than 24,000 votes and all other candidates have been eliminated.

Nvidia is now the world’s most valuable company, surpassing Apple in a tech shake-up that reflects the growing dominance of artificial intelligence. Nvidia’s market capitalization rose nearly 3 percent Tuesday and closed at $3.

The chipmaker accounts for 7% of the weight of the S&P 500 Index and is responsible for about a quarter of the benchmark's 21% gain this year.