Nvidia, the number one in US stock turnover, closed down 1.6% and traded $46.183 billion on Tuesday. The second-place Tesla closed 2.23% higher, with a transaction of US$22.463 billion. The third-place ultra-microcomputer closed 2.75% higher, and its stock price reached a record high of 12.109 billion US dollars.
No. 1 in US stock turnover on Tuesday$NVIDIA (NVDA.US)$It closed down 1.6% to US$46.183 billion. The company will announce results on February 21, and both Goldman Sachs and Bank of America raised their price targets to $800.
At the beginning of 2024, Nvidia's stock price continued to rise. In about 6 weeks, the market capitalization increased by about 500 billion US dollars, which is almost equivalent to the entire$Tesla (TSLA.US)$The market value of.
Driven by the AI boom, Nvidia's stock price has soared more than 200% last year. So far this year, it has risen another 40%, and the market value increased by 489 billion US dollars to 1.71 trillion US dollars at the close of trading on Monday. This means that Nvidia is likely to surpass$Amazon (AMZN.US)$With Google's parent company Alphabet, it became the third-largest US stock company by market capitalization, after$Microsoft (MSFT.US)$and apple.
In contrast, Musk's Tesla stock price plummeted 27% this year, and its market capitalization shrunk by 214 billion US dollars to 576 billion US dollars.
Second place$Tesla (TSLA.US)$Sales rose 2.23% to US$22.463 billion. More than 5,800 Tesla retail shareholders signed a joint letter in just four days, requesting that the Tesla board support Musk's 2018 salary plan and that the board of directors develop a new compensation plan for Musk.
The compensation plan was declared invalid by a Delaware judge in the US state of Delaware last week. The judge found that the huge options reward program that Tesla granted to Musk in 2018 was unfair.
But Musk has already collected all the rewards, with a total value of more than 55 billion US dollars.
However, Tesla's retail shareholders believe that Musk has achieved the goals set in the compensation plan, so they want to confirm that they will continue to pay the promised salary packages.
Daiwa Securities lowered Tesla's target price from $245 to $195, and downgraded the rating from increased holdings to neutral. Analysts said the consequences of increased attention to governance issues could affect Tesla's tendency to invest and innovate in the long term.
3rd place$Super Micro Computer (SMCI.US)$It closed 2.75% higher, and the stock price reached a record high of US$12.109 billion.
Fourth place$Advanced Micro Devices (AMD.US)$It closed down 3.64% to $11.554 billion. According to RTX, Raytheon has obtained a $20 million contract from the Advanced Resilient Trusted Systems (S2MARTS) Alliance for Strategic and Spectrum Missions to develop next-generation multi-chip packages for ground, marine, and airborne sensors. Raytheon will integrate cutting-edge commercial equipment from industry partners such as AMD to create compact microelectronic packages to convert RF energy into digital information with more bandwidth and higher data rates.
6th place$Palantir (PLTR.US)$The closing price surged 30.8% to USD 9.893 billion. Palantir's fourth fiscal quarter revenue increased 20% year over year to US$608 million, better than market expectations of US$603 million; net profit of US$93.391 million, adjusted operating profit of US$209 million; adjusted profit before interest, tax, depreciation and amortization (EBITDA) of US$217 million, better than market expectations of US$195 million; and adjusted earnings per share of US$0.08, better than market expectations of US$0.076.
For the full year of 2023, the company achieved revenue of US$2,225 million, an increase of 17% year over year; annual net profit of US$210 million, which was not only better than market expectations, but also the first time that the company achieved annual profit; adjusted operating profit of US$633 million, adjusted EBITDA of US$666 million; and adjusted earnings per share of US$0.25.
7th place$Apple (AAPL.US)$The closing was up 0.86%, and the transaction was $8.168 billion. Apple's first head-mounted display device, Vision Pro, was officially launched in the US a few days ago, which quickly sparked a boom. Many analysts agree that aside from hardware technology, the most critical problem currently facing Vision Pro is application. Currently, there are still very few native applications for this device. The vast majority of apps are compatible versions of mobile phone or tablet apps, just a flat window suspended in front of the user's eyes.
On the other hand, Vision Pro has only been on sale for a few days, and some examples of dangerous use have already appeared. A man started autonomous driving mode while driving. His hands did not control the steering wheel, but controlled the Vision Pro app. The man was quickly discovered and stopped by the traffic police. In response to these issues, Apple calls on users to use new technology wisely and always put safety first.
11th$Eli Lilly and Co (LLY.US)$It closed down 0.17% and traded at US$5.82 billion. Eli Lilly's fourth quarter earnings report exceeded expectations. In addition to the results, Eli Lilly also published some research progress on Tirzepatide (tirpotide) in the treatment of fatty liver disease.
Previously, the US Food and Drug Administration (FDA) approved Eli Lilly's tiverpotide injection for weight loss. The drug name was Zepbound, and the approved drug for treating type 2 diabetes was Mounjaro.
Eli Lilly mentioned in its earnings report that tirpotide showed positive results in a phase 2 trial for the treatment of a type called metabolic dysfunction-related steatohepatitis (MASH).
5th place$Alibaba (BABA.US)$The closing was 4.82% higher, and the transaction was US$3,021 billion. According to reports, Alibaba Group's B2B e-commerce “1688.com” is about to enter the Korean market, drawing attention from the local e-commerce industry. The industry is already struggling to cope with the competitive pricing policies of Chinese direct procurement platforms such as AliExpress and Temu. 1688.com's potential entry further heightens concerns that domestic companies may face fierce competition from Chinese companies, which may cause Chinese companies to lose more markets.
Industry sources revealed that Alibaba plans to launch a Korean-language service for 1688.com as early as this month, independent of its existing platform AliExpress. It is widely believed in the industry that 1688.com targets wholesalers and sells products at half the normal retail price, which makes its prices more competitive than AliExpress and Temu.
16th$Uber Technologies (UBER.US)$Sales rose 2.15% to $2,413 billion. The Dutch Data Protection Authority (DPA) fined Uber 10 million euros (about $11 million) on January 31 for violating privacy regulations relating to its drivers' personal data. The Dutch Data Protection Authority found that Uber does not specify in its terms how long it will keep drivers' personal data, nor how to ensure data security when sending data to entities outside the European Economic Area.
19th place$Spotify Technology (SPOT.US)$The closing was 3.88% higher, and the transaction was $1,851 million. Spotify's fourth quarter revenue reached €3.67 billion, up 16% year over year, which is largely in line with market expectations. The operating loss was 75 million euros, down from the loss of 231 million euros in the same period last year. The number of premium users increased to 236 million during the period, exceeding analysts' average expectations of 235 million. The total number of monthly active users increased 23% to 602 million, the second-largest increase in Spotify's history for the quarter. Spotify expects 618 million active users in the first quarter, of which 239 million are premium users. Both are in line with market expectations.
