On Thursday, Nvidia, the number 1 in terms of US stock turnover, closed 0.12% higher, with a transaction of US$39.35 billion; Tesla, which ranked No. 2, closed down 2.25%, with a transaction of US$13.7 billion; and Apple, which ranked number 3, closed down 1.06% and traded US$11.257 billion.
No. 1 in US stock turnover on Thursday$NVIDIA (NVDA.US)$The closing was 0.12% higher, and the transaction was US$39.35 billion. Nvidia was the market leader in the rise in US stocks in the first quarter and March. The artificial intelligence boom that is driving Nvidia's stock price is still showing no sign of slowing down, causing the stock to rise 82.5% in the first quarter and 14.2% in March.
Second place$Tesla (TSLA.US)$It closed down 2.25% and traded $13.7 billion. Tesla fell 29.25% in the first quarter and 12.92% in March.
According to the Deutsche Bank report, Tesla is expected to deliver 414,000 vehicles in the first quarter, which is lower than the previous forecast of 427,000 vehicles. The bank predicts Tesla will deliver 1.91 million vehicles in fiscal year 2024, which is lower than the 1.96 million vehicles previously predicted.
Morgan Stanley published a research report saying that Tesla is expected to announce sluggish first-quarter deliveries next week, while the US automaker is facing fierce buyer competition in the slowing electric vehicle market.
Morgan Stanley lowered the forecast value of Tesla Q1 deliveries from 469,400 units to 425,000 units, and the annual figure of 199,800 units to 1.954 million units.
3rd place$Apple (AAPL.US)$It closed down 1.06% and traded at US$11.257 billion. Apple fell 10.8% in the first quarter and 5.1% in March.
According to reports, Apple will release the new iPad in May; Apple will release the 12.9-inch iPad Air and the OLED version of the iPad Pro; and Apple suppliers will increase the productivity of the new iPad Pro before May launch.
7th place$MicroStrategy (MSTR.US)$It closed down 11.18% and traded $8.06 billion. The stock rose 170% in the first quarter and 66.7% in March.
Short-selling investment company Kerrisdale Capital released a report on Thursday saying that the company went long on Bitcoin but shorted MicroStrategy, which is Bitcoin's agent.
Kerrisdale Capital claims that MicroStrategy's current transaction price has an unreasonable premium compared to Bitcoin, which is driving its value growth. Recently, as the price of Bitcoin has risen, MicroStrategy's stock price has also soared. But as is often the case in the cryptocurrency sector, things have gotten out of hand.
Currently, the implied price of Bitcoin in MicroStrategy shares has exceeded $177,000, or 2.5 times the spot price of Bitcoin. Previously, MicroStrategy shares were a rare and unique way to earn bitcoins, but those days are gone. Bitcoin is now easy to obtain through brokerage firms, cryptocurrency exchanges, and recent low-fee ETPs and ETFs.
Eighth place$Meta Platforms (META.US)$It closed down 1.68% to $7.41 billion. The stock rose 37.4% in the first quarter and fell 0.9% in March.
13th place$Coinbase (COIN.US)$ Global closed 3.28% higher at $2.96 billion. The stock rose 52.4% in the first quarter and 30.2% in March.
US District Judge Katherine Polk Failla ruled that the US Securities and Exchange Commission (SEC) can continue to file lawsuits against Coinbase, the largest cryptocurrency trading platform in the US. The judge said on Wednesday that the SEC has fully charged Coinbase with engaging in “unregistered securities sales and issuance” and illegally operating the business of an exchange, broker, and clearing agency.
15th$Eli Lilly and Co (LLY.US)$It closed down 0.03% and traded $2.52 billion. The stock rose 33.8% in the first quarter and 3.2% in March. Eli Lilly Pharmaceuticals Chairman and CEO David A. (Ricks) recently emphasized in his speech the importance of shifting the supporting medical management system to the early stages of the disease with the innovation of breakthrough treatments for Alzheimer's disease (AD).
16th$Micron Technology (MU.US)$It closed down 1.05% and traded at US$2.48 billion. The stock rose 38.3% in the first quarter, while in March it rose as much as 30.3%.
17th$Intel (INTC.US)$The closing price was 0.91% higher, and the transaction was $2.4 billion. Intel fell 11.9% in the first quarter, but rose 2.6% in March. Intel announced on March 26 that it will extend AI features based on Intel Core Ultra processors to the commercial field, bringing innovation in commercial computer technology. This time, Intel shared the products and industry applications of commercial client AI PCs with more than 35 ISVs (independent software developers) and 10 OEM (original equipment manufacturer) partners, showcasing the three AI engines of the Core Ultra processor CPU+GPU+NPU to meet the three major generative AI (AIGC) on AI PC rules of economy, physics, and data privacy, driving generative AI surges.
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