Source: Sina US stocks
Nvidia, the number one in terms of turnover, closed 4.11% higher, with a turnover of US$38.36 billion; Amazon, ranked No. 7, closed 1.67% higher, with a record closing price of US$7.518 billion.
No. 1 in US stock turnover on Thursday$NVIDIA (NVDA.US)$The closing was 4.11% higher, and the transaction was US$38.36 billion. On April 10, local time, social media giant Meta announced the latest version of its self-developed chip MTIA. The analysis indicates that Meta's goal is to reduce its dependence on chip manufacturers such as Nvidia.
Second place$Tesla (TSLA.US)$The closing was 1.65% higher, and the transaction was $16.287 billion. Bank of America drastically cut Tesla's price target as concerns about potential demand for electric vehicles grew. Although the bank's rating of Tesla is still “neutral,” it lowered the target price from $280 to $220, a drop of up to 21%. However, the target price still means that Tesla's stock price has room to rise 28% from current levels.
Just a week before the Bank of America cut Tesla's target price, Tesla announced that the delivery volume for the first quarter was far lower than Wall Street's expectations.
3rd place$Apple (AAPL.US)$The closing was 4.33% higher, and the transaction was US$15.73 billion. J.P. Morgan said hedge fund investors' confidence in Apple is improving because the valuation premium on Apple shares has eased. J.P. Morgan analysts also pointed out that investors are increasingly interested in the AI-based iPhone upgrade cycle.
J.P. Morgan analyst Samick Chatterjee said, “While the fundamentals of hardware demand and service growth prospects have deteriorated, interest in Apple stock has improved from a wider range of investors. The AI upgrade cycle will be temporarily accelerated by 2-3 years.”
J.P. Morgan cut Apple's price target from $215 to $210, which is an overrated rating.
According to the media, Apple plans to release a variety of Mac computers equipped with the M4 chip from the end of this year to the beginning of next year, including iMac, low-end and high-end MacBook Pro, and Mac mini; the M4 chip is divided into three entry-level and high-end versions, corresponding to the entry-level MacBook Pro to the highest-end Mac Pro; and Apple will highlight the chip's AI processing capabilities and how to combine them with the new version of macOS.
[Related Reading]The AI-powered M4 is coming! Apple is preparing to upgrade the most powerful 3nm chip for the entire Mac line
Fourth place$Advanced Micro Devices (AMD.US)$The closing was 2.01% higher, and the transaction was US$8.291 billion.
6th place$Microsoft (MSFT.US)$The closing was 1.10% higher, and the transaction was $7.666 billion. Citi published a report stating that analysts from the bank participated in the Microsoft Fabric Community Conference and talked with Microsoft partners to understand the opportunities and challenges of customers using the Microsoft Fabric data architecture.
Citibank believes that Microsoft's first hosting of this project has received a good response, showing that Microsoft is willing to invest in and build a more comprehensive Azure data platform, which can increase the competitive environment and modernize Data Estate.
Citi pointed out that there are still pain points related to the maturity of the product, safety and management issues, but Microsoft is rapidly innovating and believes that combining Fabrit, Co-Pilot, and other generative artificial intelligence-related services will once again strengthen Microsoft's leading position in the AI generation investment cycle. Citi currently gives Microsoft a “buy” rating, with a target price of $480.
7th place$Amazon (AMZN.US)$Sales rose 1.67% to $7.518 billion. A US federal jury said on Wednesday that as the world's largest cloud service provider, Amazon's Cloud Computing Services (AWS) is required to pay compensation of 525 million US dollars for infringing on technology company Kove's data storage technology patent rights.
According to reports, the jury found that AWS infringed three of Kove's patents. Kove says these patents have become “essential” technology for Amazon's cloud computing department's ability to “store and retrieve large amounts of data.”
Eighth place$Meta Platforms (META.US)$The closing was 0.64% higher, and the transaction was US$5.396 billion. On April 10, local time, social media giant Meta announced the latest version of its self-developed chip MTIA. MTIA is Meta's custom chip family designed specifically for AI training and inference work. Compared with Meta's first-generation AI inference accelerator MTIA v1, which was officially announced in May of last year, the latest version of the chip has improved significantly in performance, and is specially designed for the ranking and recommendation system of Meta's social networking software. The analysis points out that Meta's goal is to reduce dependence on chip manufacturers such as Nvidia.
9th place$Broadcom (AVGO.US)$The closing was 4.54% higher, and the transaction was US$4.355 billion.
10th$Alphabet-A (GOOGL.US)$The closing was 2.09% higher, and the transaction was US$4.306 billion. Google will invest around $1 billion to improve digital connectivity between the US and Japan by supporting the construction of two new submarine cables, Proa and Taihei. According to information, this news was announced when Japanese Prime Minister Fumio Kishida visited the US, met with US President Joe Biden, and strengthened defense and security cooperation between the two countries.
It is reported that Google will cooperate with several partners, including$KDDI CORPORATION (KDDIF.US)$, Arteria Networks, Citadel Pacific, and the Commonwealth of the Northern Mariana Islands (CNMI).
13th place$Micron Technology (MU.US)$The closing price was 4.35% higher, and the transaction was US$2.72 billion. Micron said in an announcement issued on Thursday that after the earthquake in Taiwan, China, DRAM production has not yet fully resumed, but its fab activity has resumed well. Micron currently estimates that the earthquake will have an impact of as much as 5% on company-level DRAM supply during the calendar season.
15th health insurance company$Globe Life (GL.US)$The closing was a sharp drop of 53.14%, and transactions amounted to US$2,423 billion.
17th$Alpine Immune (ALPN.US)$ Science closed 36.90% higher at $2,223 billion.$Vertex Pharmaceuticals (VRTX.US)$The company will buy biotech company Alpine Immune Science for about $4.9 billion in cash to obtain the latter's medicine to treat autoimmune diseases of the kidneys, it said on Wednesday.
edit/lambor