Source: Global Market Report

No. 1 in US stock turnover on Tuesday$NVIDIA (NVDA.US)$Sales rose 3.65% to US$35.826 billion. The stock has rebounded for the second consecutive trading day after falling 10% last Friday.

According to reports, SoftBank has added 150 billion yen in investment expenses this year and next two years, and will purchase graphics processing units (GPUs) from Nvidia to provide the computing power required to train the model.

Second place$Tesla (TSLA.US)$Sales rose by 1.85% to US$17.903 billion. Tesla unveiled the new Model 3 high-performance version, priced at $52,990.

The media reported on Tuesday that Tesla plans to lay off a total of more than 6,000 employees in Texas and California. Earlier, the company will also begin a layoff plan in Germany and is preparing to reduce 400 employees in Germany.

Tesla announced financial results after the close of trading on Tuesday. First-quarter revenue fell 9% year on year to US$21.3 billion, lower than market expectations of US$23.3 billion. This was not only the first year-on-year decline in nearly four years since the COVID-19 pandemic disrupted operations in the second quarter of 2020, but also the biggest decline since 2012. It fell more than 15% month-on-month from US$25.17 billion in the fourth quarter of last year, mainly due to the slowdown in global demand for electric vehicles.

At the same time as the earnings report, Tesla announced that it will speed up the launch of more affordable cars. “We've updated our future model lineup to accelerate the launch of new models before production starts in the second half of 2025, which we previously announced.” “These new cars, including more affordable models, will utilize every aspect of the next generation platform and all aspects of our existing platforms, and will be able to be produced on the same production line as our existing vehicle production line.”

After the financial report was announced, Tesla's stock price once surged by more than 7% during after-hours trading.

3rd place$Apple (AAPL.US)$The closing was 0.64% higher, and the transaction was $8.238 billion. Statistics show that consumer electronics giant Apple's iPhone series sales in the Chinese market fell by 19% in the first quarter up to March. This is the worst performance of Apple iPhones in a single quarter in the Chinese market since the COVID-19 outbreak around 2020.

This data shows that Apple continues to cede market share in China to local rivals, and the company is struggling to cope with uncertainty about its flagship products.

Apple announced on Tuesday that it will host a special online event on May 7, at which time it will launch new hardware products.

Apple's slogan for this event is “Let loose,” and the Chinese word is “let it fly.” The event is scheduled to be held at 07:00 a.m. Pacific time on May 7, that is, 22:00 p.m. Beijing time. At that time, the pre-recorded video of the press conference will be broadcast live on Apple's official website.

According to another report, Wedbush said that Apple's upcoming global WWDC in June will be a “critical moment” for the tech giant's AI ambitions, and it is expected that Apple will achieve a historic leap forward in AI smartphones through the iPhone 16 scheduled to be launched in September this year.

5th place$Meta Platforms (META.US)$The closing was 2.98% higher, and the transaction was US$7.428 billion. Meta Platforms plans to collaborate with Microsoft to jointly release a limited-edition Quest headset. According to Meta, the headsets launched by both parties were inspired by Xbox, but they did not disclose further details about the headset.

Meta said it cooperated with Xbox last year to bring Xbox Cloud Gaming (Beta) to Meta Quest headset users, so users can play Xbox games on a large mixed reality 2D virtual screen.

7th place$Amazon (AMZN.US)$The closing was 1.30% higher, and the transaction was $6.606 billion. Bank of America Securities released a report stating that Amazon's key indicators for the first quarter are expected to develop in the right direction. The bank expects the Group's revenue for the first quarter to be 143 billion US dollars, which is in line with market forecasts; AWS and the advertising business will exceed market expectations, and the retail business is also expected to beat expectations. As for AWS, the bank sees a positive increase in the backlog in the fourth quarter. It expects a quarterly increase of $545 million in the first quarter, or 16% year-on-year. The bank also expects the Group's operating profit for the first quarter to be 11.5 billion US dollars.

Eighth place$Microsoft (MSFT.US)$The closing was 1.65% higher, and the transaction was US$6.385 billion. Microsoft and Coca Cola issued a statement on April 23 stating that the two sides will establish a five-year strategic partnership to adjust Coca Cola's core technology strategy throughout the system, promote the adoption of cutting-edge technology, and promote innovation and productivity on a global scale.

As part of the partnership, Coca Cola has committed $1.1 billion to the Microsoft Cloud and its generative AI capabilities. Through the partnership, the two companies will jointly experiment with new technologies such as Azure OpenAI services to develop innovative generative AI use cases in various business functions, including testing how Microsoft 365 Copilot can help improve work efficiency.

9th place$Spotify Technology (SPOT.US)$The closing was 11.41% higher, and the transaction was $3,533 million. Spotify's total revenue for the first fiscal quarter increased 20%, and the year-on-year increase in paid users exceeded expectations by 14%. Total revenue for the first fiscal quarter increased 20% to 3.6 billion euros ($3.8 billion). Adjusted operating profit of €168 million exceeded analysts' expectations compared to losses a year ago.

10th$Alphabet-A (GOOGL.US)$The closing was 1.27% higher, and the transaction was $3.338 billion. Google said on April 23 that it will invest 600 million euros to build a new data center in Groningen, the Netherlands, to create 125 direct jobs. Since 2014, Google's investment in data centers and related digital infrastructure in the Netherlands has exceeded 3.8 billion euros.

According to another report, Google on Tuesday fired at least 20 more employees protesting that it provided technology to the Israeli government during the war in Gaza, bringing the total number of employees fired by the company to more than 50 as a result.

This is the latest sign of internal turmoil within the tech giant. The core of this protest is the “Nimbus Project.” In 2021, Google and Amazon jointly signed a $1.2 billion project contract to provide cloud computing and artificial intelligence services to the Israeli government.

11th$General Electric (GE.US)$The closing was 8.28% higher, and the transaction was US$3,078 billion. GE's revenue for the first fiscal quarter was US$16.1 billion, up 11% year on year, higher than market expectations of US$400 million; operating profit increased 24% year over year to US$1.5 billion. The sales volume of the aerospace business increased 15% to US$8.1 billion during the period.

12th place$Netflix (NFLX.US)$The closing price was 4.17% higher, and the transaction was US$2,844 million. Netflix recently announced financial reports and announced that it will no longer continuously and regularly disclose the number of its paying users starting in 2025.

15th$Micron Technology (MU.US)$The closing price was 3.06% higher, and the transaction was US$1,999 million.

16th$PDD Holdings (PDD.US)$It closed 3.13% higher, continuing yesterday's surge of more than 9%, and sold 1.98 billion US dollars.

17th$UnitedHealth (UNH.US)$It closed down 1.03% and traded at $1,781 billion. UnitedHealth Group said on Monday that the company may have leaked a large amount of private information from US customers in a serious cyber attack in February this year, which may constitute one of the largest healthcare data breaches in history.

UnitedHealth has paid a ransom in this attack, and a company spokesperson said in an email that this is one of the measures to protect patient data from further disclosure.

Change Healthcare, a division of UnitedHealth Group, was the focus of the attack in this hacking attack. Prior to this hacking attack, the company processed $2 trillion in health claims each year, involving approximately 15 billion transactions. The disclosure of this incident may trigger greater political pressure, prompting the company to explain the reason for the attack and how to respond to it.

Editor/Jeffy