Source: Global Market Report
On Thursday, the 9th place in US stock turnover fell 5.04% to reach US$6.513 billion; the 13th place Walmart closed 6.99% higher with a transaction of US$3.85 billion; and the 16th place Coinbase closed down 9.43% and traded US$2,501 billion.
No. 1 in US stock turnover on Thursday$NVIDIA (NVDA.US)$It closed down 0.29% to US$30.702 billion. Nvidia will announce quarterly results on May 22, and its stock has been well received by many investment banks.
KeyBanc capital markets analysts have set Nvidia's target share price at $1,200. Prior to that, Goldman Sachs recently gave a 12-month target price of $1,100 ($875 before March) because the agency raised its EPS (earnings per share) forecast for the 2025 to 2027 fiscal year, with an average increase of 8%, indicating continued strong AI server demand and supply improvements.
Second place$Advanced Micro Devices (AMD.US)$The closing was 1.85% higher, and the transaction was $12.611 billion. HHLR Advisors, a fund owned by Gao Lin, released data on US stock positions up to the end of the first quarter of 2024 on Wednesday. The agency's highlight in the first quarter was to open positions on 20 stocks, mostly in the semiconductor and electronic technology fields, such as AMD, Nvidia, TSMC, etc.; it also cleared or nearly reduced its holdings of many internet stocks, including JD, Alibaba, and iQiyi.
Furthermore, Qiaoshui revealed its US stock holdings in the first quarter. The individual stock that opened a long position was chipmaker AMD, which bought nearly 680,000 shares, worth 123 million US dollars.
3rd place$Tesla (TSLA.US)$The closing was 0.49% higher, and the transaction was $10.413 billion. On Thursday (May 16), local time, Tesla's gigafactory expansion plan in Berlin, Germany was approved after a meeting between community members and local officials. Community members voiced their potential concerns about the plant expansion at Thursday's meeting, but local officials chose to approve Tesla's plans.
Furthermore, Tesla CEO Musk recently revealed when the CyberTruck pickup truck's fully autonomous driving (FSD) function will be launched. Cybertruck has been on the market for more than half a year, but Tesla has never provided FSD as an important feature on this electric pickup truck. Musk confirmed that Cybertruck will receive the v12.5 version of FSD. Enabling the FSD feature on Cybertruck will be a major test for Tesla, as it is the first time this feature has been applied to this type of vehicle.
6th place$Meta Platforms (META.US)$It closed down 1.73% and traded $7.89 billion. EU regulators said on Thursday that they will investigate whether Meta Platforms has violated the Digital Services Act relating to the protection of minors. The European Commission said in a statement that it is concerned that Meta's Facebook and Instagram systems, including their algorithms, may stimulate behavioral addiction in children and create a so-called “rabbit hole effect.”
Furthermore, the European Commission also expressed concerns about Meta Platforms' age guarantee and verification methods, adding that it will now prioritize in-depth investigations and will continue to gather evidence by “sending additional requests for information, conducting interviews or checks.” The EU further stated: “The commencement of formal procedures empowers the European Commission to take further enforcement steps, such as interim measures and non-compliance decisions.”
7th place$Microsoft (MSFT.US)$It closed down 0.49% and traded $7.4 billion. Microsoft revealed in the “2024 Environmental Sustainability Report” on May 15, local time, that in fiscal year 2023, the company's Scope 1 and Scope 2 emissions (greenhouse gas emissions directly generated by assets owned or operated by the company, and emissions from the company's outsourced electricity, heating, and steam) decreased by 6.3% compared to 2020, but Scope 3 emissions (emissions from the company's overall value chain) increased by 30.9%. The latter is mainly related to data center construction.
9th place$Super Micro Computer (SMCI.US)$It closed down 5.04% to $6.513 billion.
11th$Alibaba (BABA.US)$The closing was 7.05% higher, and the transaction was US$4,046 billion. Research agency Citron Research (Citron Research) said that Alibaba is gaining momentum, and the stock price is expected to rise above $100.
13th place$Walmart (WMT.US)$The closing price was 6.99% higher, and the transaction was US$3.85 billion. Walmart's fourth fiscal quarter revenue was US$161.51 billion, up 6% year on year, exceeding market expectations of US$159.58 billion. This increase was mainly due to an increase in the number of customer transactions, rather than an increase in the average amount per transaction, as more people went to Walmart to buy things.
Furthermore, due to improved profits in various market segments, led by Walmart's US, Walmart's comprehensive gross margin increased by 42 basis points to 24.1%; the company's adjusted earnings per share were 60 cents, which was also higher than analysts' expectations of 53 cents.
Looking ahead, Walmart raised its performance forecast for the full year and now expects adjusted earnings per share for the full year to meet or slightly exceed the previous forecast of $2.23 to $2.37, and the annual revenue growth forecast is between 3% and 4%. Analysts had predicted that Walmart's adjusted earnings per share and revenue growth for the whole year would be close to the high end of the above expectations.
16th$Coinbase (COIN.US)$It closed down 9.43% and traded at US$2,501 billion. The company is targeting potential demand in Australia's growing self-managed pension industry. Coinbase Asia Pacific managing director John O'Loghlen said the exchange is developing a service for this market segment.
Such portfolios account for about a quarter of Australia's $2.5 trillion pension system, with 1 billion Australian dollars ($6.64 billion) allocated to cryptocurrencies, according to the latest data from the Australian Taxation Office.
According to ARK Investment's latest US stock holdings document 13F, the famous investor Kathy Wood drastically reduced its holdings of Coinbase and Zoom Video Communications, reducing holdings by nearly 4.18 million shares and 4.63 million shares, respectively, to 48.59% and 42.26%.
17th$GameStop (GME.US)$It closed down 30.04% to US$2,342 million. Jay Clayton, the former chairman of the US Securities and Exchange Commission (SEC), said that Keith Gill, the so-called “big brother of retail investors,” who recently surged MEME shares at GameStop, may be suspected of manipulating the market. His tweet “aroused excitement and speculative buying among retail investors.
Jay Clayton believes that in any case, the sharp rise in MEME stocks caused by Keith Gill is bad for the financial market.
19th place$Taiwan Semiconductor (TSM.US)$It closed down 2.15% to $2,058 billion. According to reports, a garbage disposal truck exploded at TSMC's construction site in Arizona, USA, seriously injuring at least one driver.
TSMC responded on Thursday that the explosion caused no damage to its facilities.
The company plans to invest $65 billion to establish three chip factories in Arizona, USA, as part of its diversification efforts. Under the US Chip and Science Act, the company will receive up to $11.6 billion in grants and loans from the US government.
Editor/Jeffy