No. 1 in US stock turnover on Wednesday$NVIDIA (NVDA.US)$It closed down 3.33%, falling below $800 again, and traded $41,556 billion. According to reports, Nvidia is preparing to buy Israeli artificial intelligence startup Run:ai for around $700 million in the next few days.

Second place$Tesla (TSLA.US)$Sales rose 12.06% to US$29.308 billion. The company has re-announced that it will accelerate the launch of “more affordable” electric vehicle models. However, this large technology company, which is most favored by retail investors, fell short of expectations in terms of profit and revenue in the most recent fiscal quarter.

Tesla's total revenue for the first fiscal quarter was US$21.301 billion, down 9% year on year, the biggest drop since 2012; net profit was US$1,144 million, a sharp drop compared with net profit of US$2,539 billion in the same period last year; net profit attributable to common shareholders was US$1,129 million, a sharp drop of 55% year on year.

Tesla's revenue for the first fiscal quarter exceeded Wall Street analysts' previous expectations, but the adjusted diluted earnings per share fell short of analysts' expectations. Meanwhile, Tesla Tesla CEO Musk said that the company plans to “start production of new models in early 2025, possibly later this year,” while production was previously expected to begin in the second half of 2025.

3rd place$Meta Platforms (META.US)$It closed down 0.52% and traded $17.872 billion. The company announced financial results for the first quarter of 2024 after the end of US stock trading on Wednesday. After the market, its stock price plummeted by more than 18%.

Meta's revenue for the first fiscal quarter was US$36.46 billion, and analysts expected US$36.12 billion; earnings per share for the first fiscal quarter were US$4.71, and analysts expected US$4.30; advertising revenue for the first fiscal quarter was US$35.64 billion, up 27% year on year; revenue for the second fiscal quarter was 36.5 billion to 39 billion US dollars; and analysts expected US$38.24 billion.

Fourth place$Apple (AAPL.US)$The closing was 1.27% higher, and the transaction was $8.124 billion. According to Apple analyst Guo Mingyi's latest report, Apple has reduced its estimated shipment volume of Vision Pro in 2024 from 700,000 to 800,000 units to 400,000 units.

Guo Mingyi previously predicted that Apple plans to launch Vision Pro in new markets before the June World Developers Conference (WWDC). This suggests that Apple may be rolling out Vision Pro to more regions in the next month or so.

7th place$Microsoft (MSFT.US)$The closing was 0.37% higher, and the transaction was $6.151 billion. Microsoft and$Amazon (AMZN.US)$Investments in AI are being scrutinized by UK regulators.

The British antitrust regulator said on Wednesday that it is investigating the recent investment and partnership between US tech giants Microsoft and Amazon in the field of artificial intelligence, and whether their partnership is within the scope of regulation of a merger of British companies to seek advice.

The UK Competition and Markets Authority (CMA) said in its comments that deals that could cause antitrust issues include investments between Microsoft and European AI startup Mistral AI, and investment cooperation between Amazon and American AI startup Anthropic.

The CMA added that the agency “has not reached any final conclusion as to whether these deals comply with UK merger rules or raise competition concerns in the UK.” Comments from interested parties will be submitted by May 9.

Allegedly, the European Commission is also analyzing and investigating the partnership between Microsoft and Mistral AI.

Eighth place$Amazon (AMZN.US)$It closed down 1.64% to $6.049 billion.

10th$Alphabet-A (GOOGL.US)$The closing price was 0.55% higher, and the transaction was US$3.61 billion. Google announced on Wednesday (4/24) that it will postpone plans to phase out ad-tracking-enabled cookies in the Chrome browser until 2025. Google originally planned to start implementing this year to change the way ads are targeted on the website, but the company decided to delay this change until 2025.

11th$Boeing (BA.US)$It closed down 2.87% to $3,513 billion. Boeing's revenue for the first fiscal quarter exceeded expectations.

Moody's rating agency issued a statement on Wednesday downgrading Boeing's credit rating from Baa2 to Baa3. The rating outlook is negative.

The Moody's statement said that the reduction applied to Boeing's priority unsecured debt reflects “the insufficient performance of Boeing's commercial aircraft division.” Poor performance prevented free cash flow generation from reaching levels previously anticipated by credit rating agencies.

Moody's believes that the negative situation associated with this division will continue until at least 2026, and the company's annual free cash flow will be lower than the $4.3 billion debt due in 2025 and the $8 billion debt due in 2026. Moody's anticipates that Boeing will issue new bonds to fund these gaps.

13th place$Netflix (NFLX.US)$It closed down 3.92% to $2,985 billion. The company released its latest earnings report at the beginning of this week, saying that the number of global subscribers has been growing for seven consecutive quarters, and advertising plans have become a new lever. However, the company unexpectedly announced that starting in 2025, it will no longer continuously and regularly disclose the number of its users.

16th$Texas Instruments (TXN.US)$The closing was 5.64% higher, and the transaction was $2,452 million. Texas Instruments guidance for the second fiscal quarter is optimistic and indicates that the revision of customer inventory in the industrial terminal market is nearing its end.

17th$Visa (V.US)$The closing price was 0.33% higher, and the transaction was US$2,446 billion. Visa's second-fiscal quarter results exceeded expectations, and consumer spending remained relatively stable.

18th place$Spotify Technology (SPOT.US)$It closed down 7.28% to $2,394 billion. Spotify's total revenue for the first fiscal quarter was €3.64 billion (US$3.88 billion), up 20% year over year, higher than Wall Street's estimate of €3.61 billion. Net profit was €197 million (approximately US$210 million), and earnings per share were €0.97, higher than analysts' expectations of €0.65. In comparison, the net loss for the same period last year was 225 million euros, or 1.16 euros per share.

Editor/jayden