On Friday, Nvidia, the number 1 in terms of US stock turnover, closed 6.18% higher, with a turnover of US$47.76 billion; Tesla, which ranked No. 2, closed down 1.11%, with a transaction of US$18.58 billion; and Meta Platforms, which ranked No. 3, closed up 0.43% and traded US$14.4 billion.
No. 1 in US stock turnover on Friday$NVIDIA (NVDA.US)$The closing was 6.18% higher, and the transaction was $47.76 billion. Nvidia is up more than 15% this week, the biggest weekly gain since May 2023.
Second place$Tesla (TSLA.US)$It closed down 1.11% and traded $18.58 billion. The US National Highway Traffic Safety Administration (NHTSA) confirmed on Friday that the safety regulator has begun investigating whether Tesla announced the recall of more than 2 million vehicles in December last year to install a new autonomous driving system (Autopilot) is enough. The recall investigation for this software fix covered Autopilot-equipped Model Y, X, S, 3, and Cybertruck vehicles manufactured in the US from 2012 to 2024.
According to reports, Tesla's autonomous driving system has been involved in 20 car accidents in four months, and the company has been investigated by NHTSA as a result.
3rd place$Meta Platforms (META.US)$The closing was 0.43% higher, and the transaction was US$14.4 billion. The company's earnings report on Thursday was disappointing. However, Bank of America reiterated its “buy” rating and maintained a target price of 550 US dollars; UBS reiterated its “buy” rating on Meta, believing that the risk of the company's decline was limited, and that the target price was lowered from 610 US dollars to 575 US dollars; Morgan Stanley is still optimistic about the company and maintains a target price of 550 US dollars, giving it an “increase” rating.
Fourth place$Microsoft (MSFT.US)$The closing was 1.82% higher, and the transaction was $12.14 billion. On Friday (April 26, 2024), Microsoft released its financial report for the third fiscal quarter of fiscal year 2024: revenue was US$61,858 billion, up 17% year on year, and net profit was US$21.939 billion, up 20% year on year. Excluding the impact of exchange rate changes, there was also a 20% year-on-year increase (note: Microsoft's fiscal year was not synchronized with the natural year).
Microsoft's third-fiscal quarter revenue and earnings per share both exceeded Wall Street analysts' previous expectations, thus driving its share price to rise sharply by more than 4% after the market. At the same time, Microsoft's revenue outlook for the fourth fiscal quarter fell short of analysts' expectations, but the outlook for operating profit margins for the fourth fiscal quarter exceeded expectations.
5th place$Alphabet-A (GOOGL.US)$The closing price rose 10.22% to a record high of US$11.12 billion. Google's parent company Alphabet released its financial report for the first quarter of the 2024 fiscal year ending March 31 on Friday: total revenue was US$80.539 billion, up 15% year on year, and not taking into account the impact of exchange rate changes was 16% year over year; according to US GAAP, Alphabet's net profit for the first quarter was US$23.662 billion, up 57% year on year; and diluted earnings per share were US$1.89, up from US$1.17 in the same period last year.
Eighth place$Amazon (AMZN.US)$The closing was 3.43% higher, and the transaction was $7.86 billion. UBS maintained its “buy” rating on Amazon, and the target price was raised from $198 to $215. Amazon will announce quarterly results next Tuesday (30th). The bank believes that investors' focus will expand to the company's overall franchise revenue and operating income. More than before, they only narrowly focused on the cloud business AWS. In particular, business growth has broken out of the trough in the second and third quarters of last year.
The market expects Amazon's quarterly revenue to be at the leading end of the year at $143.5 billion, with operating revenue ranging from $13 billion to $13.5 billion, and cloud business growth of 15% to 16%. The bank is also concerned about Amazon's total capital expenditure.
9th place$Apple (AAPL.US)$It closed down 0.35% and traded $7.62 billion. According to International Data Corporation (IDC) data, Apple's share of smartphone shipments in China fell by nearly 20% in the first quarter.
11th$Super Micro Computer (SMCI.US)$The closing was 8.90% higher, and the transaction was US$5.92 billion. The stock has accumulated gains of more than 20% this week.
12th place$Intel (INTC.US)$It closed down 9.20% and traded $3.78 billion. Intel today announced its financial report for the first fiscal quarter of fiscal year 2024: revenue was US$12.7 billion, up 9% year on year; net loss due was US$400 million, which was 86% narrower than the net loss of US$2.8 billion in the same period last year; adjusted net profit not in accordance with US GAAP was US$800 million, while net loss due during the same period last year was US$200 million, turning a year-on-year loss into profit.
Intel's revenue for the first fiscal quarter and adjusted earnings per share both exceeded Wall Street analysts' expectations, and the outlook for the second fiscal quarter's revenue also exceeded expectations, but the outlook for adjusted earnings per share for the second fiscal quarter fell short of expectations, leading to a sharp drop in its stock price.
17th$Snap Inc (SNAP.US)$The closing was 27.63% higher, and the transaction was $2.3 billion. Snap, the parent company of the “read and burn” communications app, today released its financial report for the first quarter of the 2024 fiscal year: revenue of US$1,195 million, up 21% year on year; net loss of US$305 million, narrowing 7% year on year; adjusted net profit not in accordance with US GAAP was 49.1 million US dollars, while adjusted net profit for the same period last year was 20 million US dollars, achieving year-on-year growth.
Snap's first-quarter revenue and adjusted earnings per share both exceeded Wall Street analysts' previous expectations, and the guidance given on second-quarter revenue also exceeded expectations. Meanwhile, Snap's first-quarter global daily active users and average revenue per user data both exceeded analysts' expectations, driving its stock price up sharply.
19th pharmaceutical giant$AbbVie (ABBV.US)$It closed down 0.23% to $1.72 billion. On April 16, 2024, Medincell, a French pharmaceutical company focusing on long-lasting release formulation technology, announced that it has signed an agreement with AbbVie to jointly develop and commercialize six long-acting formulations with AbbVie under the terms of a down payment of 35 million US dollars, development and commercial milestone expenses of up to 1.9 billion US dollars (about 13.8 billion yuan), and certain royalties.
edit/ruby