Nvidia, the first in terms of US stock turnover, closed down 2.57% and traded $48.4 billion; Tesla, which ranked second, closed up 2.92%, with a transaction of US$20.43 billion; and Apple, which ranked fourth, closed down 0.67% and traded US$9.77 billion.
No. 1 in US stock turnover on Tuesday$NVIDIA (NVDA.US)$It closed down 2.57% and traded $48.4 billion. Morgan Stanley pointed out in the March 24 AI report that with the continuous advancement of GPU technology, such as Nvidia's development from Hopper to the Blackwell GPU architecture, GAI's computing power costs are being significantly reduced.
Second place$Tesla (TSLA.US)$The closing was 2.92% higher, and the transaction was US$20.43 billion. According to Tesla's official website, the company will provide a one-month free fully automated driving (FSD) experience to new car buyers in the US and Canada.
Fourth place$Apple (AAPL.US)$It closed down 0.67% and traded $9.77 billion. The data shows that Apple iPhone shipments in China fell by about 33% in February. People familiar with the matter deny that Apple and$Baidu (BIDU.US)$An AI partnership has been reached.
Brokerage firm Wedbush said on Monday that in the face of declining iPhone sales and intense competition in the Chinese market, Apple may double its investment in the Chinese smartphone market. The agency said that Apple needs to overcome its challenges in the Chinese market before the iPhone 16 is released, including a tough macro environment and competition from other brands. “It all starts with reaffirming Apple's presence in China.” Cook's recent trip to China is a sign that “Apple may double its investment” in the Chinese market. Wedbush maintains Apple's “outperforming the market” rating and a target price of $250.
Apple announced on Tuesday that this year's developer conference, WWDC24, will be held from June 10th to 14th, with the most important Keynote being held at 1 am Beijing time on the 11th. As usual, Apple will release a series of operating systems such as iOS 18.
Although the press release was as boring and lacking in highlights, market sentiment was quickly ignited by a message from Apple's senior vice president of global marketing, Greg Joswick. Netizens discovered that Joswick deliberately capitalized the first letter of “Absolutely Incredible,” unquestionably implying AI.
7th place$Super Micro Computer (SMCI.US)$The closing price was 1.70%, and the transaction was US$6.76 billion. J.P. Morgan predicts that the surge in the AI server market will drive its stock price to soar, with a target price of $1,150.
For the first time, J.P. Morgan Chase rated an ultra-microcomputer, giving it an “extra weight” rating, with a target price of 1,150 US dollars. The bank's analyst Samik Chatterjee wrote in a report: “Ultramicrocomputers are leading companies in the AI computing market. The market is booming, and demand comes from training artificial intelligence models, second-tier cloud service providers and enterprises to enhance the search generation, and ultimately artificial intelligence inference workloads.”
10th$Micron Technology (MU.US)$It closed up 1.43%, reaching a record high for the fourth consecutive trading day, with a transaction of US$5.31 billion. Goldman Sachs believes that the shortage of supply in the HBM market will continue in the next few years, and that major players such as SK Hynix, Samsung, and Micron will continue to benefit.
13th place$Broadcom (AVGO.US)$It closed down 1.49% and traded $3.16 billion. According to documents disclosed by the US Securities and Exchange Commission (SEC) on March 25 EST, the company's executive Kawwas Charlie B plans to sell 5,000 common shares on March 25, with a total market value of about 6.72 million US dollars.
15th$Arm Holdings (ARM.US)$It closed down 7.48% and traded $2.84 billion. Intel and Arm recently signed a memorandum of understanding confirming their cooperation on the “Emerging Enterprise Support Program.” The plan was first announced at the Intel Foundry Direct Connect event in February this year.
17th$United Parcel Service (UPS.US)$It closed down 8.16% to $2.66 billion. The company raised its 2026 revenue target from $108 billion to $114 billion.
19th new shares$Reddit (RDDT.US)$It closed 8.88% higher, with a turnover of US$2.4 billion and a market capitalization of more than US$10 billion. Following a strong rise in the first listing on Reddit last week, options introduced on Monday attracted a large number of bullish bets, which some analysts say will help boost the company's stock price. Analysts said that Reddit options sold around 90,000 units, and transactions tend to be bullish. The April call option with an exercise price between $50 and $75 is one of the most actively traded contracts on Reddit.
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