No. 1 in US stock turnover on Monday$NVIDIA (NVDA.US)$Sales rose 2.49% to $30.119 billion. Nvidia will release earnings after the US stock market on Wednesday, and Wall Street is betting that its results will exceed expectations.

Analysts said investors are looking for the latest evidence from earnings reports that can prove that the AI chip maker has maintained explosive growth and is ahead of its competitors. This quarter's earnings report will be the latest test for Nvidia as the biggest winner in the generative AI boom. Its chips are critical to technologies such as Google's Gemini and OpenAI's ChatGPT.

Second place$Tesla (TSLA.US)$It closed down 1.41% and traded at US$10.779 billion. According to media reports, a number of car rental company executives and fleet managers revealed that Tesla is providing unofficial purchase discounts to some European car rental companies because the car manufacturer's frequent price cuts have hit the car rental company's asset value.

According to another report, Tesla CEO Musk plans to cut employees by at least 10%. This plan has been in place for more than a month, but he has yet to complete it. According to people familiar with the matter, rolling layoffs are likely to continue until at least June.

Fourth place$Apple (AAPL.US)$The closing was up 0.62%, and the transaction was $8.474 billion. According to reports, the Apple flagship store on Tmall launched a limited-time discount. From 8 p.m. on May 20 to May 28, the iPhone 15 series began a price reduction promotion. Among them, the latest iPhone 15 Pro Max can be discounted by 2,050 yuan.

5th place$Advanced Micro Devices (AMD.US)$Sales rose 1.13% to $7.591 billion. According to reports, AMD will invest NT$5 billion to set up an R&D center in Taiwan Province of China.

6th place$Microsoft (MSFT.US)$The closing was 1.22% higher, and the transaction was $6.91 billion. Microsoft's Build developer conference opens on Tuesday, giving the company an opportunity to showcase its latest artificial intelligence (AI) projects. Earlier this month, OpenAI and Google already hosted a high-profile artificial intelligence event.

In the artificial intelligence competition, one area where Microsoft has a clear advantage over other companies is that it has a Windows system, which allows the company to have a huge PC user base. Microsoft CEO Satya Nadella said in January this year that 2024 will mark artificial intelligence as “a first-class component of every personal computer.”

The company already provides the Copilot chatbot assistant in the Bing search engine and offers paid services in the Office office software. Now, PC users will hear more about how artificial intelligence will be embedded in Windows and what they can do with their new AI PCs.

Eighth place$Meta Platforms (META.US)$It closed down 0.65% and traded at US$5.517 billion. South Korea's LG Electronics has terminated its extended reality (XR) cooperation with Meta Platforms after the two sides agreed to jointly develop XR devices. According to people familiar with the matter, LG is currently looking for new partners to provide operating systems and software for the XR devices that LG plans to launch next year. After Meta, another major US tech company, Amazon, became a candidate for cooperation.

11th$Alphabet-A (GOOGL.US)$The closing was 0.49% higher, and the transaction was $3,9494 million. Google plans to invest an additional 1 billion euros (about 1.1 billion US dollars) in its data center campus in Finland, with the aim of expanding the scale of the campus and boosting the growth of its artificial intelligence business in Europe.

In recent years, the Nordic countries have become popular locations for data centers due to their cool climate, preferential tax policies, and abundant renewable energy. However, Finland's Nordic neighbors Sweden and Norway are critical of data center construction. Some industry experts believe that the Nordic countries should use renewable energy to produce products such as green steel, which will bring higher economic value to these countries.

Despite controversy, Finland's installed wind power capacity has grown significantly in recent years, increasing 75% to 5,677 MW by 2022. This increase caused electricity prices to drop even to negative values on windy days. As a result, data center operators such as Google have been able to use renewable energy, and Google has signed a long-term wind power purchase agreement in Finland.

12th place$JPMorgan (JPM.US)$It closed down 4.5%, the worst single-day performance since April 12, with sales of US$3.453 billion. J.P. Morgan CEO Dimon hinted that he might retire early. In response to questions about how long he plans to be CEO, Dimon told shareholders that his retirement schedule “is no longer five years.” On the company's Investor Day, he said the plan to succeed the nation's largest bank “is progressing smoothly.”

After Damon, the question of who is in charge of the company looms over the entire industry. Dimon transferred some of his senior assistants to new senior positions earlier this year to give them more experience in managing the company as he prepares potential successors.

14th$MicroStrategy (MSTR.US)$The closing was 9.01% higher, and the transaction was US$2,717 million. The US cryptocurrency sector generally rose on Monday.

No. 15 Pioneer Network$Palo Alto Networks (PANW.US)$The closing was 1.86% higher, and the transaction was US$2,497 million. The company will release earnings this week. Furthermore, it was recently reported that Pioneer Networks is acquiring cloud security software assets from IBM as part of a broader partnership between the two parties. This move will allow the cybersecurity company to reach more consulting firms and a larger customer base.

19th place$PDD Holdings (PDD.US)$The closing price was 0.40% higher, and the transaction was US$2,047 million. On May 19, Pinduoduo officially launched this year's 618 major promotions.

Editor/jayden