No. 1 in US stock turnover on Wednesday$NVIDIA (NVDA.US)$It closed 5.16% higher. For the first time in history, the stock price surpassed 1,200 US dollars. The transaction price reached 63.436 billion US dollars, and the market capitalization reached 3012 billion US dollars, surpassing Apple's 3003.5 billion US dollars, making it the second-largest company in the US stock market capitalization.

Analysts pointed out that Nvidia has long been the world's largest semiconductor company by market capitalization. Now it is also the first computer chip company in history to reach a market capitalization of 3 trillion US dollars.

Mizuho Securities raised Nvidia's target price from $1,180 to $1,275, maintaining a “buy” rating. It believes that the company's upcoming Blackwell GPU platform is expected to be successful, and that the company is about to carry out a stock spin-off.

Mizuho analyst Vijay Rakesh said that with the Hopper platform and the upcoming Blackwell B100, which will be launched from the third quarter of this year to the first quarter of this year, Nvidia still has strong opportunities related to artificial intelligence. Furthermore, the upcoming 1:10 stock split on June 7 may create demand from more retail investors, thereby becoming another driving force for the stock.

Second place$Apple (AAPL.US)$It closed 0.78% higher, with a turnover of 10.6 billion US dollars, and a market capitalization of 303.5 billion US dollars, relinquishing the title of the second-largest company in the US stock market capitalization to Nvidia.

Apple will hold the WWDC developer conference next week (June 11 at 1:00 a.m. Beijing time). This may be an opportunity for Apple to reinvigorate its momentum. Outsiders generally define it as a critical moment for Apple to fully integrate AI functions into major hardware operating systems.

As is customary, Apple will announce iOS 18, the new iPhone operating system at that time. Various media outlets have broken the news about iOS 18 many times. iOS 18 has more than 20 new features and is expected to be the biggest update in iPhone history. The most notable of these is the generative AI feature and the more intelligent Siri.

3rd place$Tesla (TSLA.US)$The closing price rose 0.13% to US$10.104 billion. Ron Baron (Ron Baron), CEO of Barron Capital and one of Tesla's largest shareholders, said in an open letter on June 5 that he supports Tesla CEO Musk's $56 billion salary plan.

Barron said that Musk's 2018 salary contract included “aggressive” performance indicators, and few people believed they could be achieved. He said that if these ambitious goals are not achieved, Musk will get nothing. Barron said Musk was a key figure, and it was Musk's efforts that made Tesla.

The compensation plan proposed by Tesla's board of directors has been repeatedly criticized due to its close relationship with Musk. The program has no wages or cash dividends, and rewards are set based on Tesla's market capitalization rising to $650 billion in 10 years from 2018. If approved, it would be the largest compensation package for US corporate CEOs. Tesla's shareholders' meeting is scheduled to be held on June 13.

Fourth place$Advanced Micro Devices (AMD.US)$The closing was 3.86% higher, and the transaction was $99.86 billion. At the recent Computex 2024 opening keynote, AMD detailed its new leading architectures for CPUs, NPUs, and GPUs, which provide powerful computing power for the entire AI infrastructure from data centers to personal computers.

In addition, AMD also unveiled the fifth-generation AMD EPYC server processor, which is expected to be released in the second half of 2024, which excels in terms of performance and efficiency. At the same time, AMD also announced the launch of the third-generation AI-enabled AMD Ryzen AI 300 series mobile processor, as well as the AMD Ryzen 9000 series processor designed specifically for notebook and desktop PCs.

6th place$Meta Platforms (META.US)$Sales rose 3.79% to $7.697 billion. The Italian antitrust agency Competition and Markets Authority announced on Wednesday that Meta Platforms was fined 3.5 million euros for improper commercial activity. The agency believes that during the Instagram registration process, users did not receive clear information about the collection and use of their personal data for commercial purposes. Furthermore, when Facebook and Instagram accounts were suspended, the company did not provide an effective communication channel for related objections.

7th place$Microsoft (MSFT.US)$The closing was 1.91% higher, and the transaction was $7.172 billion. As of Wednesday's close, Microsoft's market capitalization was US$3151.37 billion, and it is still the largest company in the US stock market by market capitalization.

Microsoft is laying off employees in its Azure cloud computing division and is expected to lay off hundreds of employees. The report pointed out that Microsoft's current layoffs affected teams including Azure for Operators and Mission Engineering. People familiar with the matter estimate that the Azure for Operators layoffs will probably involve as many as 1,500 people.

9th place$CrowdStrike (CRWD.US)$The closing was 11.98% higher, and the transaction was US$5.308 billion. The company's first-quarter revenue was US$921 million, up 33% year over year, better than analysts' expectations of US$905 million; adjusted earnings per share were $0.93, better than analysts' expectations of $0.89. Subscription revenue for the period was US$872 million, up 34% year over year. The company expects second-quarter revenue of $958 million to $961 million, better than analysts' expectations of $954 million; adjusted earnings per share are expected to be $0.98 to $0.99, better than analysts' expectations of $0.91.

10th$Super Micro Computer (SMCI.US)$The closing was 4.01% higher, and the transaction was US$5.058 billion. Ultramicrocomputer launches a rack-mounted plug-and-play liquid-cooled artificial intelligence supercluster for use in Nvidia Blackwell and HGX H100/H200. Additionally, UltramicroPC released a portfolio of X14 servers that support Intel Xeon 6700 series processors (equipped with e-Cores), and will support Intel Xeon 6900 series processors (equipped with P-cores) in the future.

12th place$Alphabet-A (GOOGL.US)$The closing price was 0.93% higher, and the transaction was $38.67 billion. Google's parent company Alphabet announced on Wednesday that Anat Ashkenazi, the former CFO of Eli Lilly, will be Alphabet's new CFO from July 31. About a year ago, Alphabet announced that Ruth Porat, the company's current CFO, would resign as CFO and become president and chief investment officer.

13th place$Taiwan Semiconductor (TSM.US)$The closing price was 6.85% higher, and the transaction was US$37.49 billion. The price of TSMC products may increase to Nvidia. On Tuesday, after TSMC's annual shareholders' meeting held in Hsinchu, Wei Zhejia, the new chairman of TSMC, hinted that he is considering raising the price of the company's AI chip foundry service. He also said that he had discussed the issue with Nvidia CEO Hwang In-hoon.

14th$Micron Technology (MU.US)$The closing was 5.58% higher, and the transaction was $2,931 million. Micron said on June 5 that its HBM3E high-bandwidth memory will be used on Nvidia's H200 chip. Praveen Vaidyanathan, vice president and general manager of the Computing Products Business Group, said Micron expects its share of the HBM market to reach “around 20%” in the business year ending August 2025.

19th place$Qualcomm (QCOM.US)$Revenue rose 3.68% to $2,449 billion. The annual COMPUTEX 2024 was officially launched. The theme of this year's conference was “Connecting AI to Create the Future Together”. Major manufacturers intensively unveiled new technologies and products at the pre-exhibition press conference on June 3. Qualcomm President and CEO Anmon delivered a keynote speech at the conference to share the innovations and performance breakthroughs brought by the Snapdragon X Elite and Snapdragon X Plus platforms.

Anmon believes that with the advent of the AI era, PCs are being reshaped. In his opinion, the combination of Snapdragon X Elite and CoPilot+ is opening a brand new era for PCs. He said, “The combination of the Snapdragon X series and Copilot+ is one of the most important transformations of Windows, and I personally think it is no less significant than the birth of Windows 95. This combination is transforming the experience, providing groundbreaking AI capabilities, and fundamentally changing the way we interact with PCs.”

Editor/Jeffrey