On Friday, Nvidia, the number 1 in terms of US stock turnover, closed down 1.99% and traded US$33.506 billion; Tesla, which ranked No. 2, closed 1.5% higher, with a transaction of US$13.7 billion; and AMD, which ranked No. 3, closed 1.14% higher, with a transaction of US$10.92 billion.
No. 1 in US stock turnover on Friday$NVIDIA (NVDA.US)$It closed down 1.99% to US$33.506 billion. Microsoft recently announced plans to provide AMD artificial intelligence chips through its Azure cloud computing service. The move is aimed at competing with components manufactured by Nvidia. Microsoft will announce more relevant information at the Build developer conference.
Microsoft's move provides customers with an alternative to Nvidia's H100 series GPUs. Nvidia's H100 series dominates the AI data center chip market, but supply is tight due to high demand.
Second place$Tesla (TSLA.US)$The closing was 1.5% higher, and the transaction was US$13.7 billion. Tesla raised the price of the Model 3 high-performance version again on Friday (May 17, 2024), and the price rose again by $1,000 to $54,990. Earlier, the company released the new Model 3 high-performance version on April 24, with an initial price of $52,990. Just three days later, Tesla made a price adjustment for the new model, increasing it by $1,000. This price increase is the second increase.
On Thursday, Tesla's expansion plan for its Glen Heide plant near Berlin, Germany was approved by the local parliament. Previously, the expansion plan was opposed by local residents.
According to another report, Tesla has been making plans to establish a data center in China to train the algorithms required for FSD. According to reports, Tesla is still trying to obtain approval from Chinese regulators. If Tesla can find a workaround and provide a full version of the FSD in China, it can increase revenue and profit margins in China.
3rd place$Advanced Micro Devices (AMD.US)$The closing was 1.14% higher, and the transaction was US$10.92 billion.
6th place$Microsoft (MSFT.US)$It closed down 0.19% to US$6.449 billion. The US Department of Defense is considering expanding the scope of use of Microsoft software in all subordinate departments starting in June.
Eighth place$Meta Platforms (META.US)$It closed down 0.28% and traded $5.09 billion. On Thursday, the European Union investigated Meta Platforms on the protection of minors. The content was whether Meta violated the EU's digital regulations in protecting minors on Facebook and Instagram.
Specifically, the European Commission, the EU's executive body, said on Thursday local time that formal procedures have been initiated to assess whether Meta has violated the Digital Services Act (Digital Services Act). This wide-ranging law requires large social media platforms to take steps to deal with content deemed harmful by regulators.
10th$Alphabet-A (GOOGL.US)$The closing was 1.08% higher, and the transaction was US$4.301 billion. Google hosted its annual I/O developer conference this Wednesday. At the conference, Google updated and upgraded the Gemini 1.5 Pro version and launched a lightweight Gemini 1.5 Flash model. At the same time, Google released Veo, a video generation model, targeting OpenAI's Sora, and an advanced visual and conversational response agent project called “Astra.” In addition, Google officially launched the “AI Overviews” search function, and the search engine will directly summarize search results.
11th$Faraday Future Intelligent Electric Inc. (FFIE.US)$It closed down 37.58%, with a turnover of US$3.188 billion and a turnover rate of nearly 3000%. The stock has accumulated a cumulative increase of more than 2000% this week, reaching 2134.27%. On May 15, Jia Yueting, the future founder of Faraday, posted a video saying that FF's role as a “bridge between China and the US” is prominent. As a result, FF stock prices continued to skyrocket.
12th place$Alibaba (BABA.US)$The closing was 2.12% higher, and the transaction was $3.125 billion. According to the first-quarter position report (13F) disclosed by the US Securities and Exchange Commission (SEC), Michael Burry (Michael Burry), the prototype of the “Big Short”, continued to increase his holdings in JD.com and Alibaba, and opened a new position in Baidu in the first quarter; another well-known US billionaire investor and hedge fund legend David Tepper (David Tepper) also doubled down on Alibaba, Pinduoduo, Baidu and iShares China Accumulation Cap ETF, while also building a new position in JD.
Furthermore, the stock research firm Citron published a research report yesterday, predicting that Alibaba's stock price will exceed 100 US dollars.
14th$MicroStrategy (MSTR.US)$The closing was 10.04% higher, and the transaction was US$2,548 million. Driven by the rise in Bitcoin, US cryptocurrency concept stocks generally rose on Friday.
16th$PDD Holdings (PDD.US)$The closing was 1.96% higher, and the transaction was US$2.35 billion.
18th place$GameStop (GME.US)$The closing price fell 19.73% to US$2,072 billion. Faced with speculative speculation in the market, the leading game station in the “WSB” concept announced plans to issue new shares on Friday, triggering a significant drop in stock prices and receiving mixed praise from analysts. Guided by the official release of negative losses, Game Station's closing price on Friday fell by nearly 70% from this week's high hype.
Regarding the behavior of game stations, Peter Atwater, professor of economics at the College of William and Mary, commented that there are generally two periods to issue shares. One is when you have to do it, and the other is when it is too foolish not to issue new shares. If you are Ryan Cohen (the majority shareholder & CEO of GameStop), investors have just given you an opportunity to issue shares. The price is far higher than the previous transaction price, so it would be foolish not to take advantage of this opportunity.
editor/tolk