No. 1 in US stock turnover on Tuesday$NVIDIA (NVDA.US)$It closed down 4.68%. At one point, it fell more than 7% intraday, and traded US$35.56 billion.The Biden administration updated export control regulations on artificial intelligence chips on Tuesday, planning to prevent companies such as Nvidia from exporting advanced AI chips to specific countries.

In response to the new US export control regulations, Nvidia responded, “We comply with all applicable regulations while striving to provide products that support thousands of applications in many different industries. Given the global demand for our products, we do not expect (the new regulations) to have a substantial impact on our financial results in the short term.”

Second place$Tesla (TSLA.US)$It closed 0.39% higher and traded $23.67 billion.Tesla is recalling nearly 55,000 Model X cars in the US. The US National Highway Traffic Safety Administration (NHTSA) said on Tuesday that Tesla recalled 5,4676 Model X cars produced between 2021-2023 because the vehicle controller may not be able to detect that the brake fluid is too low and will not display a warning light.

3rd place$Lululemon Athletica (LULU.US)$It closed down 0.89% and traded US$11.61 billion.The sports brand company will be included starting this Wednesday local time$S&P 500 Index (.SPX.US)$, replaced by$Microsoft (MSFT.US)$The one that was acquired$Activision Blizzard (ATVI.US)$.

Fourth place$Apple (AAPL.US)$It closed down 0.88% and traded US$10.18 billion.On Tuesday, Apple announced the launch of a new Apple Pencil stylus with a USB-C interface. It will go on sale in early November at a price of $79.

This Apple Pencil stylus claims to have features such as pixel-level accuracy, low latency, and tilt angle sensing. Like previous products, it can be magnetically attached to the machine, but the difference is that it is paired and charged via a USB-C wired connection.

5th place$Amazon (AMZN.US)$It closed down 0.81% and traded $6.46 billion.Amazon announced that it will launch an online shopping service in South Africa in 2024 to enter a market dominated by TakeRoot, an e-commerce platform owned by NASpers, the largest media company in South Africa. Starting Tuesday, independent sellers in South Africa will be able to register their businesses on its marketplace website, Amazon said.

6th place$Microsoft (MSFT.US)$It closed down 0.17% and traded $6.07 billion.On October 16, LinkedIn (LinkedIn), a workplace social networking platform owned by Microsoft, said that due to a slowdown in revenue growth, the company will lay off a second round of employees this year, involving 668 employees in engineering, product, and finance teams. The layoffs affected more than 3% of the more than 20,000 employees.

Eighth place$Advanced Micro Devices (AMD.US)$It closed down 1.24% and traded $5.19 billion.The Biden administration updated export control regulations on artificial intelligence chips on October 17, and plans to block the export of advanced AI chips to specific countries. The new regulations will take effect after 30 days of public comment, and these measures will affect companies such as AMD and Intel.

10th$Hubbell (HUBB.US)$It closed down 1.44% and traded $3.36 billion.The company has replaced Organon as a component of the S&P 500 since it opened trading on Wednesday.

11th$Alphabet-A (GOOGL.US)$It closed 0.45% higher and traded $3.27 billion. 14th$Alphabet-C (GOOG.US)$It closed 0.36% higher and traded $2.45 billion.Google's AR technology is once again facing a patent lawsuit. Rafqa Star filed a patent infringement lawsuit against Google in the US federal court of Texas, accusing the tech giant of its patents for augmented reality (AR) technology used in smartphones, tablets, and other products.

According to a lawsuit filed with the U.S. District Court for the Western District of Texas on Monday (10/16), Google's products use technology similar to Rafqa Star's patent, and these technologies are used to detect the movement status of portable video data receiving and processing devices.

12th place$Broadcom (AVGO.US)$It closed down 2.01% and traded $2.91 billion.China is reportedly reviewing Broadcom's $61 billion takeover$Vmware (VMW.US)$The deal.Veray, which is covered by the news, closed down 7.7% on Tuesday and traded US$1.76 billion, ranking 19th in US stock turnover on Tuesday.

13th place$Bank of America (BAC.US)$It closed 2.33% higher and traded $2.62 billion.Bank of America's revenue and profit for the third fiscal quarter both exceeded analysts' expectations, mainly because interest revenue was stronger than expected, while benefiting from better-than-expected performance of its investment banking and trading business divisions. The company's total revenue for the third fiscal quarter was $25.32 billion (after interest expenses), up about 3% year over year, exceeding analysts' consensus expectations of $25.14 billion. Earnings per share were 90 cents, exceeding analysts' expectations of 82 cents.

Similar to J.P. Morgan, Citigroup, and Wells Fargo, which released financial reports last week, Bank of America's net interest income for the quarter was also better than expected, at 14.4 billion US dollars, up 4% year on year, and non-interest income was 10.8 billion US dollars, up 3.3% year on year; after dilution, earnings per share were 0.9 US dollars, up 11% year on year, exceeding Wall Street's expectations of $0.81.

The Bank of America CFO said it expects to require $195 billion in capital due to the new regulations, and expects to achieve a net profit of $14 billion in the fourth quarter.

15th$Exxon Mobil (XOM.US)$It closed 1.31% higher and traded $2.2 billion.ExxonMobil is spending 60 billion dollars on acquisitions$Pioneer Natural Resources (PXD.US)$The company hopes to increase the productivity of the Pioneer Natural Resources oil field through the company's own technology and scale in order to recover costs more quickly.

If the deal is finalized, the merged company will control the equivalent of 16 billion barrels of crude oil reserves in the Permian region. It is the company with the highest reserves in the region, with an average daily output of 4.5 million barrels of oil equivalent.

16th$Netflix (NFLX.US)$It closed down 1.41% and traded $2.11 billion.Allegedly, the company is furthering its videogame production plans, using existing and previously acquired popular TV shows and movies to create games. The media reported, citing information revealed by people familiar with the matter, that the company plans to launch blockbuster games based on popular series such as “Squid Game” and “Wednesday” within the next few months.

17th$Johnson & Johnson (JNJ.US)$It closed down 0.91% and traded $1.91 billion.Johnson & Johnson's adjusted profit and revenue for the third fiscal quarter exceeded expectations, and raised full-year expectations due to a sharp increase in sales in the company's pharmaceutical and medical device business.

Johnson & Johnson's revenue for the third fiscal quarter was US$21.35 billion, up 6.8% year on year, higher than the forecast of US$21.04 billion. Net profit was $4.31 billion, or $1.69 per share. It was the same as $4.31 billion (earnings per share of $1.62) in the same period last year. Excluding certain items, adjusted earnings per share were $2.66, and market expectations were $2.52.

Looking ahead, Johnson & Johnson has raised its annual performance guidelines. It expects full-year sales of 2023 to be 83.6 billion to 84 billion US dollars, compared to the previous forecast of 83.2 billion to 84 billion US dollars. The company also anticipated adjusted earnings of $10.07 to $10.13 per share, higher than previously anticipated $10 to $10.10.

The following are the 20 most actively traded US stocks on the same day (by turnover):

edit/new