Source: Global Market Report
On Monday, Apple, the 3rd largest in terms of US stock turnover, closed 2.48% higher, trading at US$11.881 billion; the 12th place Coinbase closed down 7.68% and traded US$2,133 billion.
No. 1 in US stock turnover on Monday$Tesla (TSLA.US)$The closing price was 15.31% higher, with a turnover of US$46.701 billion and an increase in market capitalization of US$82.168 billion. Tesla has removed a major obstacle to introducing fully automated driving (FSD) technology in China. Tesla China confirmed to the media on Monday that restrictions on the use of Tesla in various parts of the country have been lifted one after another. This breakthrough is also seen as clearing the way for FSD to land domestically.
Some media quoted people familiar with the matter as saying that Tesla will remove the key barriers to introducing advanced assisted driving functions in China through cooperation with Baidu on maps and navigation functions.
Prior to that, Tesla CEO Musk said in response to questions from netizens on social platforms on April 20 that Tesla FSD may soon be able to enter China.
Second place$NVIDIA (NVDA.US)$The closing was 0.03% higher, and the transaction was US$33.815 billion. Nvidia CEO Hwang In-hoon talked about his latest views on artificial intelligence in an interview with the media on Monday. He said that as artificial intelligence helps enterprises more and more, enterprises will naturally expand their scale, and human jobs will not disappear as a result.
Huang Renxun said that the company's revenue increased along with productivity, and he had never seen any company that did not hire more employees at the same time as profits increased. “Even if some jobs are eliminated, I'm sure you still want humans involved because we have good judgment and there are situations that machines can't understand.”
3rd place$Apple (AAPL.US)$Revenue rose 2.48% to $11.881 billion. Apple will release its second-quarter earnings report on May 2, and Bernstein raised Apple's rating on Monday.
Analysts generally expect Apple to report earnings of 1.51 US dollars per share and revenue of 90.6 billion US dollars. Bernstein analyst Toni Sacconaghi raised Apple's rating from “in line with the market” to “outperforming the market” and kept its target price of $195 unchanged.
According to another report, Apple's iPad has been included in the list of large-scale technology products and services that are being attacked by the EU's strict new regulations. These regulations are aimed at preventing potential abuses of competition. The move means Apple has six months to ensure that its tablet ecosystem complies with a series of priority measures under the EU's flagship Digital Market Act (DMA).
Apple's iOS mobile operating system, App Store (App Store), and Safari browser have been targeted by the law, but Apple has challenged the designation of some of its services before the EU General Court of Justice in Luxembourg, and a hearing is expected to be held later this year.
5th place$Amazon (AMZN.US)$The closing price was 0.75% higher, and the transaction was $9.756 billion. Amazon Corp. said on Monday that more packages will arrive in a day or less after investing heavily in fast delivery.
6th place$Meta Platforms (META.US)$It closed down 2.41% to $9.299 billion. According to media reports, the European Commission will investigate how Facebook and Instagram platforms under Meta Platforms handle disinformation activities in Russia and other countries.
The media quoted two people familiar with the matter as saying that the European Commission's reason was that the company did not do enough to block political advertisements that could disrupt the election process. If Meta is found to be in violation of the law, it could be fined up to 6% of its global annual turnover.
The media added that mainland European officials are concerned that Meta's tools aren't simple enough for users to flag illegal content. A formal investigation is expected this week, possibly later today.
7th place$Microsoft (MSFT.US)$It closed down 1% and traded $7.864 billion. According to Microsoft's latest fiscal quarter results for the 2024 fiscal year ending March 31, revenue of 61.9 billion US dollars, an increase of 17%, higher than market expectations of 60.9 billion US dollars. Net profit was US$21.94 billion, up from US$18.3 billion in the same period last year, and earnings per share of US$2.94, exceeding Wall Street's target of US$2.82.
Microsoft predicts that the company's revenue for the next fiscal quarter will reach between US$63.5 billion and US$64.5 billion, slightly lower than analysts' expectations of US$64.7 billion.
Eighth place$Alphabet-A (GOOGL.US)$It closed down 3.37% to $7.619 billion. According to reports, Google is facing a class action lawsuit filed by three cartoonists and a photographer, who say Google's Imagen AI software model, which trains billions of works, violates copyright laws. According to a lawsuit filed with the U.S. District Court for the Northern District of California, Imagen is a text-to-image artificial intelligence model whose training involves copying billions of images. The lawsuit alleges that this made Google and its parent company Alphabet Inc. liable for “large-scale copyright infringement.”
9th place$Advanced Micro Devices (AMD.US)$The closing was 1.78% higher, and the transaction was $6.922 billion. Investment agency Susquehanna said that when AMD announces first-quarter results later this week, it may provide financial estimates that meet expectations or are “slightly weak” because its core business is still dealing with the weak PC market. The agency's analyst Christopher Rolland said that the PC market had mixed feelings, and recent surveys showed that laptop production and sales in the first quarter were better than expected. However, the survey also showed that AMD's share in the laptop and desktop markets may have declined. Rolland maintained AMD's “positive” rating, but lowered the target price to $185.
12th place$Coinbase (COIN.US)$It closed down 7.68% to $2.133 billion. Following Coinbase's appeal questioning the legal basis of the SEC case, another cryptocurrency company, ConsenSys, recently sued the US SEC over Ethereum regulation. Consensys said in the lawsuit that US market regulators have been “trying to illegally regulate Ethereum through special enforcement actions against Consensys and other companies.”
13th place$Exxon Mobil (XOM.US)$The closing was 1.42% higher, and the transaction was $2,071 billion. ExxonMobil and Intel recently announced the launch of a strategic partnership to jointly advance research and development of next-generation energy-efficient liquid cooling technology. The two sides will jointly provide industry-advanced technology with scale and global influence to the rapidly developing data center market.
15th$Intel (INTC.US)$It closed down 1.63% and traded at US$1,835 million. Intel recently released a large-scale neuromimic system called Hala Point, which aims to support cutting-edge research in the field of brain-like artificial intelligence and solve the challenges of artificial intelligence in terms of efficiency and sustainability.
Wells Fargo released a research report on Sunday, lowering Intel's target price from $43 to $38, maintaining a “neutral” rating.
18th place$Accenture (ACN.US)$It closed down 1.57% to $1,435 billion.
Editor/Jeffy