Source: Global Market Report
Game Station, the 3rd largest in terms of US stock turnover, closed 60.1% higher, triggering multiple intraday fusing mechanisms and trading at US$10.586 billion; the 8th place AMC cinema closed 31.98% higher, with a transaction of US$5.422 billion.
No. 1 in US stock turnover on Tuesday$NVIDIA (NVDA.US)$Sales rose 1.06% to US$26.857 billion. Nvidia will release its financial results for the first quarter of 2024 on May 22. Wall Street institutions recently raised their share price targets prior to the release of earnings reports. Goldman Sachs recently gave a 12-month target price of $1,100 ($875 before March) because the agency raised its EPS (earnings per share) forecast for the 2025 to 2027 fiscal year, with an average increase of 8%, indicating continued strong AI server demand and supply improvements.
Second place$Tesla (TSLA.US)$Sales rose 3.29% to $15.263 billion. According to a person involved in the negotiations, Musk's artificial intelligence startup XAI has been in negotiations with Oracle executives and plans to spend $10 billion to rent cloud servers from Oracle over the next few years. The deal will make xAI one of Oracle's biggest customers as Musk tries to quickly catch up with competitors who are already spending billions of dollars on the dedicated servers needed to train and run conversational artificial intelligence. The $10 billion deal is comparable to the deal that two leading artificial intelligence developers, OpenAI and Anthropic, made with rivals larger than Oracle.
However, the famous trader Danny Moses, one of the real prototypes of the movie “The Big Short,” said a few days ago that Tesla's stock price is undergoing drastic adjustments, and even if progress is made in “new technology,” it is impossible to avoid the upcoming decline in the stock.
He expects Tesla's stock price to eventually fall to 50 US dollars, down about 70% from the current 171 US dollars. This is because he believes that both the company's autonomous taxis and artificial intelligence (AI) ambitions can only overshadow its shaky business prospects for a while.
3rd place$GameStop (GME.US)$The closing price was 60.1% higher. The intraday fuse mechanism was triggered several times, and the transaction was US$10.586 billion. On Monday EST, Keith Gill (Keith Gill), a well-known ID leading retail investors against Wall Street institutions in the US stock market three years ago, posted a post on social media site X with just an image — “A person lying on a chair sitting up.”
This is his first update in three years, and is widely interpreted as a sign of its return to the market. Since then, Keith Gill has released multiple movie clips in a row, including images such as Thanos appearing, Wolverine's transformation, “Number One Player” throttle and about to win the game, and the dragon awakens in “A Song of Ice and Fire”, all hinting at his return.
Influenced by Keith Gill's return, Game Station experienced a sharp rise after a long absence. Over the past two trading days, the stock has risen by about 180% cumulatively.
Fourth place$Apple (AAPL.US)$Sales rose 0.62% to $9.807 billion. Apple's mixed reality headset Vision Pro recently passed the national 3C quality certification, which means it will soon be available domestically. According to official information, the product is named a “wearable computer”, the model is A2117, and is manufactured by Likai Precision.
6th place$Amazon (AMZN.US)$The closing was 0.27% higher, and the transaction was $7.191 billion. There was news on Tuesday that Adam Selipsky, CEO of Amazon's cloud computing business, will resign next month. Amazon said Matt Garman, senior vice president of sales and marketing for Amazon Web Services, will take over his position after leaving the company on June 3.
In a memo to employees, Selipsky said he will be leaving Amazon AWS after about 14 years in order to spend more time with his family, and said the “future is bright” for the cloud business.
Eighth place$AMC Entertainment (AMC.US)$The closing was 31.98% higher, and the transaction was US$5.422 billion. AMC Cinemas is another MEME stock sought after by retail investors. The stock has accumulated a cumulative increase of more than 130% over the past two trading days.
12th place$Alphabet-A (GOOGL.US)$The closing was up 0.71%, and the transaction was US$4.271 billion. At the annual Google I/O conference, Google CEO Pichay unveiled the sixth-generation TPU chip Trillium and stated that the product is almost five times faster than the previous version. He pointed out that in the past six years, the industry's demand for machine learning computers has increased by 1 million units, about 10 times a year.
Google also announced the launch of the Imagen Wensheng Figure model. Compared with other similar products, it has higher detail adjustment functions, realistic lighting, and less interference, and can quickly upgrade from a sketch to a high-resolution image.
14th$Alibaba (BABA.US)$It closed down 6.02% to $3,533 billion. Alibaba released financial results for the fourth fiscal quarter and full year of the 2024 fiscal year ending March 31 on Tuesday.
The group's revenue for the fourth quarter was 221,874 billion yuan, up 7% year on year, exceeding market expectations; adjusted net profit fell 11% year on year to 24.42 billion yuan.
On the night the financial report was released, Alibaba said that the board of directors has approved the payment of dividends for the 2024 fiscal year, including annual regular cash dividends and one-time special cash dividends. The total amount of dividends is about 4 billion US dollars (about 30 billion yuan). This is the second time Alibaba has announced an annual dividend. The total annual dividend for fiscal year 2023 is approximately US$2.5 billion.
16th$Broadcom (AVGO.US)$The closing was 3.18% higher, and the transaction was US$2.66 billion. The semiconductor sector of US stocks was generally higher on Tuesday.
20th$Taiwan Semiconductor (TSM.US)$The closing was 3.78% higher, and the transaction was US$1,848 million. TSMC said on Tuesday that it plans to begin construction of a European plant in the fourth quarter of this year. Paul de Bot, head of TSMC's European business, said the plant's work is progressing according to plan. TSMC announced in August last year that it will build the German company's first factory in Europe. The plant is expected to be completed and put into operation by the end of 2027.
Editor/Jeffy