No. 1 in US stock turnover on Thursday$NVIDIA (NVDA.US)$It closed 9.32% higher, with a transaction of US$86.627 billion. For the first time in history, the stock price broke through US$1,000 to a record high, with a market capitalization of over US$2.55 trillion.

Nvidia's revenue for the first fiscal quarter increased 262% year over year to US$26.044 billion. Data center revenue increased 427% year over year to US$22.6 billion, with market expectations of US$22.1 billion, a record high. Net profit increased 628% year over year to US$14.881 billion.

At the same time, Nvidia also announced a stock split plan of 1 split of 10.

The company expects revenue of US$28 billion for the second fiscal quarter, which is higher than the average estimate of US$26.61 billion from the London Stock Exchange Group (LSEG) survey. This is an indication that Nvidia does not see strong performance growth slowing down. The market expects the company to earn $5.95 per share for the second fiscal quarter.

Second place$Advanced Micro Devices (AMD.US)$It closed down 3.08% to US$15.018 billion. Ultramicrocomputer announced the launch of several new AMD-based H13 CPU server products. The new product is equipped with AMD EPYC 4004 series processors.$Super Micro Computer (SMCI.US)$It closed down 2.96% and traded at US$10.187 billion, the fourth largest US stock turnover on Thursday.

3rd place$Tesla (TSLA.US)$It closed down 3.54% to $12.666 billion. On Thursday local time, Tesla released the “2023 Impact Report”. It is worth noting that the report did not mention the previously proposed annual sales target of eventually reaching 20 million vehicles.

The company still said in the report that it wants to “replace fossil fuels by selling as many Tesla products as possible,” as it did in previous years. However, Tesla removed the 2030 sales target, which appeared in both the 2021 and 2022 reports, which attracted market attention.

5th place$Apple (AAPL.US)$It closed down 2.11% and traded $9.594 billion. According to media reports, Apple's full-screen foldable MacBook has new news again. Guo Mingyi, a world-renowned consumer electronics industry analyst, updated market research intelligence on Thursday, covering various aspects such as product size, mass production time, and potential sales price.

According to Guo Mingyi's latest revelation, Apple also has a clear goal when it comes to foldable computers — users can't see creases on the screen as much as possible when using the computer. This also requires high specifications for panel and bearing designs, and the cost is naturally high. At present, preliminary estimates suggest that the cost of panels and bearings is close to $600-650 and $200-250, respectively.

Eighth place$Amazon (AMZN.US)$It closed down 1.14% and traded $6.128 billion. Amazon investors voted against all 14 resolutions on Wednesday, which required the retailer to disclose more information about its carbon emissions and directors' donations, and set up a committee to oversee issues such as artificial intelligence development.

Amazon announced the preliminary voting results at its annual shareholders' meeting held on Wednesday, and all 12 directors voted for re-election. The company had asked shareholders to veto all external proposals. Other resolutions require Amazon to establish a committee to address the financial impact of policy positions and submit reports on issues such as lobbying spending, warehouse working conditions, and packaging materials.

Amazon CEO Andy Jassy hinted that Amazon has no plans to announce dividends, which is different from the actions of its rivals Meta Platforms and Alphabet this year. During the Q&A session, he said we believe the best use of cash for our customers, businesses, and shareholders is to invest in the business we are pursuing.

9th place$Meta Platforms (META.US)$It closed down 0.43% and traded at US$5.482 billion. Yang Likun, head of artificial intelligence at Meta Platforms, said that large-scale language models that power generative artificial intelligence products such as ChatGPT will never be able to achieve human-like reasoning and planning capabilities.

12th place$PDD Holdings (PDD.US)$The closing was 4.45% higher, and the transaction was US$3.316 billion. Pinduoduo's revenue for the first quarter of 2024 was 86.81 billion yuan, up 131% year on year, far exceeding market expectations of 75.6 billion yuan, mainly driven by increased revenue from online marketing services and trading services; adjusted net profit of 30.6 billion yuan, up 202% year on year, far exceeding market expectations of 15.53 billion yuan; adjusted revenue per ADS was 20.72 yuan, far exceeding market expectations of 10.54 yuan. Pinduoduo Group said that revenue growth in the first quarter mainly benefited from GDP growth returning to more than 5% in the first quarter, seasonal factors such as Spring Festival consumption, and favorable policies such as trade-in. At the same time, it was also the result of the platform's ability to promote “multiple benefits” and “good service.”

14th$Snowflake (SNOW.US)$It closed down 5.36% and traded $3.07 billion. Snowflake's first-quarter revenue was US$828.7 million, up nearly 33% year over year. Analysts expected US$786.3 million; adjusted earnings per share were $0.14, down from $0.15 in the same period last year, and analysts' expectations of $0.17. Product revenue was $789.6 million, and analysts expected $749 million. The company expects second-quarter product revenue of $805 million to $810 million, and analysts expect $787.5 million.

15th$Boeing (BA.US)$It closed down 7.55%, the worst single-day performance in the last four months, with a transaction of US$3.04 billion. Delivery of Boeing's aircraft to China has been delayed in recent weeks due to a review of cockpit voice recorder batteries by Chinese regulators. The US aircraft manufacturer said in a statement that it is discussing delivery times with Chinese customers, and the Civil Aviation Administration of China is currently reviewing the batteries in the 25-hour cockpit voice recorder.

Boeing said in a document submitted at the end of 2023 that it has about 140 737 MAX 8 aircraft in stock, 85 of which are for Chinese customers. By the end of April, Boeing had delivered 22 aircraft to China this year, but in recent weeks, due to pending previously unreported reviews, Boeing has yet to deliver any new aircraft to Chinese customers.

Boeing Chief Financial Officer Brian West said at the Wolf Global Transportation and Industry Conference that it is expected that cash consumption in the second quarter may be slightly worse than in the first quarter, and that free cash flow in 2024 will be negative.

19th place$Dell Technologies (DELL.US)$The closing was up 3.92%, and the transaction was $2,629 million. Nvidia CEO Hwang In-hoon said on May 21 that the company's cooperation with Dell Technologies will spread artificial intelligence to a wider range of customers and help companies and organizations create their own “artificial intelligence factories.”

Citi raised Dell's price target to $170.

Editor/jayden