No. 1 in US stock turnover on Tuesday$NVIDIA (NVDA.US)$It closed 0.64% higher, a record high for closing at US$31.038 billion. Nvidia will release earnings after the US stock market closes on May 22, and Wall Street is betting that its results will exceed expectations.

According to the London Stock Exchange (LSEG), Nvidia's earnings per share are expected to be $5.59, and quarterly revenue will increase from $7.19 billion in the same period last year to $24.65 billion.

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$Tesla (TSLA.US)$Sales rose 6.66% to US$20.961 billion. According to sources, Tesla is considering setting up a data center in China to collect and process autonomous driving data and train its FSD system to drive its global deployment. This strategic shift is part of Tesla CEO Musk's overall strategy.

Previously, Tesla insisted on transferring data collected in China to be processed overseas. However, with Tesla's rapid development in autonomous driving technology in China, this strategy is no longer meeting demand. Therefore, Tesla is considering changing its strategy, establishing a data center in China to better adapt to China's complex traffic conditions, and use large amounts of scene data to speed up the training of autonomous driving algorithms.

Currently, Tesla has not announced specific plans, including how to handle this autonomous driving data, whether it will use two methods of data transmission and local data centers, or whether the two will be treated as parallel plans. However, it is foreseeable that Tesla will make full use of China's rich data resources to improve the accuracy and reliability of its autonomous driving technology.

3rd place$Amazon (AMZN.US)$It closed down 0.21% to $9.248 billion. Amazon's cloud computing division, AWS, has suspended orders for Nvidia's most advanced “superchip” Grace Hopper, pending Grace Blackwell (GH200), a more powerful new product. The move comes at a time when investors are worried that Nvidia will experience a decline in demand between the two product cycles.

Fourth place$Microsoft (MSFT.US)$The closing was up 0.87%, and the transaction was $9.23 billion. On Tuesday local time, Microsoft began holding a three-day Build Global Developers Conference in Seattle, USA. At the conference, the company announced the release of the latest Team Copilot, an extension of Copilot for Microsoft 365. It has changed from a behind-the-scenes personal AI assistant to an intelligent assistant within a team, and users will be able to call Copilot in collaborative applications such as Teams, Loop, and Planner.

On the hardware side, Microsoft announced that its Azure AI is now combined with GPT-4O and will be the first to use Nvidia Blackwell AI chips.

5th place$Apple (AAPL.US)$The closing was 0.69% higher, and the transaction was $8.129 billion. According to people familiar with the matter, Apple is appealing the €1.8 billion ($1.9 billion) fine imposed by the European Commission on its App Store rules relating to music streaming providers, including Spotify. People familiar with the matter said that the US tech giant filed a lawsuit in the EU General Court to reverse the fine decision made by EU regulators in March.

The European Commission said it is ready to defend all its decisions in court.

9th place$Advanced Micro Devices (AMD.US)$It closed down 1% and traded at US$5.397 billion. Citibank believes artificial intelligence (AI) continues to lead the semiconductor industry's development trend. The bank indicated that the market potential of AI chips is rapidly expanding, and AMD has raised its AI-related sales forecast for this year from US$3.5 billion to US$4 billion.

10th$Palo Alto Networks (PANW.US)$It closed down 3.74% to US$4.271 billion. The company recently announced a broad partnership with IBM to provide customers with AI-driven security outcomes. Pietuo Networks has agreed to acquire IBM's QRadar SaaS assets, including intellectual property rights related to QRadar products. The transaction must meet customary closing conditions.

11th$Eli Lilly and Co (LLY.US)$The closing was 2.55% higher, and the transaction was $3.488 billion. On May 21, Eli Lilly China announced that Mu Fengda (tiverpotide injection) has been approved by the National Drug Administration (NMPA). This drug is an innovative weekly glucose-dependent insulin-stimulating polypeptide (GIP) /glucagon-like peptide-1 (GLP-1) receptor agonist for adult type 2 diabetes (T2DM) patients receiving metformin and/or sulfonylureas based on diet control and exercise.

13th place$JPMorgan (JPM.US)$The closing was 2.01% higher, and the transaction was US$2,865 million. On Tuesday local time, the company's shareholders approved the executive remuneration plan with 91.4% of the votes in favor. Furthermore, J.P. Morgan CEO Dimon said that it is not expected that there will be a stock split in the foreseeable future.

17th$MicroStrategy (MSTR.US)$It closed down 4.16% and traded $2.178 billion.

20th$Netflix (NFLX.US)$The closing was 1.53% higher, and the transaction was US$1,888 billion. The brokerage firm Wedbush reiterated the Netflix rating yesterday and adjusted it from superior to better than the market rating, with a target price of $725.00.

Editor/jayden