No. 1 in US stock turnover on Friday$NVIDIA (NVDA.US)$It closed down 2.68% to US$37.873 billion. Tesla CEO Musk was recently interviewed that the development of future advanced versions of the Grok 3 may require up to 100,000 Nvidia H100 GPUs. He said that AGI may achieve a breakthrough beyond human intelligence in the next 2 years, but this process requires a large amount of GPUs and electricity consumption.

According to Musk, its artificial intelligence company xAI is currently training the second-generation big language model Grok 2 and is expected to complete the next training phase in May. Grok 2 has already consumed around 20,000 Nvidia H100 GPUs to train, and future development of the advanced version of Grok 3 may require up to 100,000 yuan.

Second place$Apple (AAPL.US)$The closing was up 0.86%, and the transaction was $17.933 billion. Apple is planning a major upgrade to its Mac product line, so that Mac computers will be equipped with a next-generation M4 chip, in order to boost the computer business. According to reports, Apple released the first batch of Mac computers equipped with M3 chips five months ago. Currently, Apple is planning to produce M4 chips with AI functions to upgrade all of its Mac models. According to the plan, the company will launch at least three versions of M4 chips, and different levels of M4 chips will also be equipped with Mac computers with different positions.

3rd place$Tesla (TSLA.US)$It closed down 2.03% to $11.122 billion. Tesla CEO Musk recently made a bold prediction about the development of general artificial intelligence (AGI) during an interview. He believes that AGI may achieve a breakthrough beyond human intelligence in the next 2 years, but this process requires a large amount of GPUs and electricity consumption.

According to Musk, its artificial intelligence company XAI is currently training the second-generation big language model Grok 2 and is expected to complete the next training phase in May. Grok 2's training has already consumed around 20,000 Nvidia H100 GPUs. The development of future advanced versions of Grok 3 may require up to 100,000 Nvidia H100 GPUs.

Fourth place$Advanced Micro Devices (AMD.US)$It closed down 4.23% and traded $10.385 billion. AMD CEO Su Zifeng said its artificial intelligence chips are an ideal replacement for hard-to-get Nvidia GPUs, but two of the top three cloud computing vendors — Google and Amazon — were unconvinced.

At the Google Cloud annual technology conference in Las Vegas this week, Mark Lohmeyer, Google Cloud vice president and general manager of artificial intelligence infrastructure, said that currently, Google only needs an Nvidia GPU and a self-developed TPU to meet AI workloads.

Amazon AWS also does not use AMD products. An AWS executive previously said in an interview with the media that AWS mainly uses Nvidia GPUs and Amazon's self-developed AI chips Trainium and Inferentia.

6th place$Microsoft (MSFT.US)$It closed down 1.41% and traded $8.13 billion. Microsoft announced that it will release financial results for the third fiscal quarter of fiscal year 2024 on April 25 EST (April 26, Beijing time). After the financial report is released, the company will hold a results meeting at 5:30 p.m. EST on the 25th.

Microsoft will launch new Windows AI features at the Build 2024 conference to be held in May this year. Microsoft said it will be showcasing new features at the Build 2024 conference, allowing users to deeply interact with digital life on Windows through advanced AI features. Users can explore how their apps integrate with these experiences to increase engagement and satisfaction.

7th place$Amazon (AMZN.US)$It closed down 1.54% and traded at US$7.203 billion.

Eighth place$Meta Platforms (META.US)$It closed down 2.15% and traded at US$6.152 billion. Meta Platforms announced that it will release its financial report for the first quarter of 2024 on April 24 EST. After the financial report is released, the company will hold a results meeting at 2:00 p.m. Pacific time on April 24.

9th place$JPMorgan (JPM.US)$It closed down 6.47%, the biggest drop since June 2020, and traded US$5.832 billion. The company's net interest spread revenue for the first fiscal quarter was US$23.08 billion. Although the year-on-year increase was 11%, the net interest spread decreased by 4% month-on-month while the benchmark interest rate remained unchanged. The company's CEO Jamie Dimon also explained that the main reason here is the pressure on deposit interest rates and the decline in deposit size. Dimon also said that the company expects the trend of normalizing NII and loan loss provisions will continue.

Dimon also warned on Friday that continued inflationary pressure is putting pressure on the economy.

10th$Alphabet-A (GOOGL.US)$It closed down 1.05% and traded at US$4,011 billion. Google's parent company Alphabet announced that it will release its financial report for the first quarter of 2024 on April 25 EST. After the financial report is released, the company will hold a results meeting at 1:30 p.m. Pacific time on April 25.

Epic Games has taken further action in its ongoing legal battle with Google, filing a mandatory request with a federal judge in California, hoping to break the Google Play Store market monopoly and increase more market competition. The motion was filed after Epic Games won an antitrust case against Google. The verdict in this case showed that Google had abused its position as a gateway to the Android platform application market.

Epic Games proposed in court filing with San Francisco Federal District Judge James Donato that Google should allow other third-party app stores to distribute apps on its Android platform, a move that should last for six years. Additionally, Epic is requesting that agreements between Google and device manufacturers be suppressed to prevent these manufacturers from pre-installing competitors' app stores on new devices.

12th place$Micron Technology (MU.US)$It closed down 3.91% and traded at $3,058 billion. Micron said that the impact of the earthquake in Taiwan on DRAM supply in a single quarter was between 4% and 6% (mid-single digit ratio) at most. The earthquake did not cause permanent damage to plants, infrastructure, or equipment, and there will be no long-term impact on DRAM supply. DRAM production has yet to fully resume after the earthquake, but thanks to the team's efforts, the plant's recovery is progressing well.

14th$Intel (INTC.US)$It closed down 5.16% and traded $2,885 billion. On April 9, local time, Intel announced the launch of the latest AI chip product, the Gaudi 3 accelerator, at the Vision 2024 customer and partner conference. Intel said that compared to Nvidia's H100 GPU, the Gaudi3 AI chip's model training speed and inference speed were increased by 40% and 50%, respectively.

20th$Coinbase (COIN.US)$It closed down 6.56% to $2,274 billion. Famous investor Kathy Wood recently said in an interview that Nvidia “sold too early” and that there was nothing; the newly bought Coinbase rose even better.

editor/tolk