The highest transaction amount in US stock market on Thursday.$NVIDIA (NVDA.US)$It fell 1.18% with a trading volume of 80.365 billion US dollars. Its market cap fell below 3 trillion US dollars to 2.976.551 billion US dollars.

In early Thursday, NVIDIA reached a new high of $1,255.87, but then fell sharply. Its market capitalization fell below $3 trillion. The stock rose more than 5% on Wednesday, breaking through $1,200 for the first time in history. Its market cap first surpassed 3.01 trillion US dollars, surpassing Apple to become the second largest market cap company in US stock market. Earlier this week, the company announced its next-generation AI chip architecture Rubin.

The company's CEO, Jensen Huang, said that Blackwell Ultra products are planned to be launched in 2025, the first generation of Rubin products in 2026, and Rubin Ultra will be launched in 2027. The Rubin architecture will support 8-layer HBM4 high-bandwidth storage for the first time, and its upgraded version Rubin Ultra will support 12-layer HBM4.

Nomura Securities expects NVIDIA to control 70% to 95% of the AI chip market, which is used for training and deploying OpenAI GPT and other models. NVIDIA's pricing power lies in its 78% gross margin, which is a very high number for a hardware company that must manufacture and deliver physical products.

"Nvidia's advantage is that they're one of the very few companies that can truly monetize AI revenue," said Stuart Kaiser, head of US equities trading strategy at Citigroup. "The higher the stock price goes, the greater the potential revenue potential, of course, the greater the risk. But so far, everything looks good."

"If you were to design a perfect, vibrant company from scratch, NVIDIA would be it," said Aswath Damodaran, a professor of finance at New York University. "It's a great story with an idealistic CEO, and the market has fallen into place. I think what you're seeing is one of the greatest growth stories of all time unfolding before you."

The second.$Tesla (TSLA.US)$It rose 1.68% with a trading volume of 12.31 billion US dollars. On June 6th local time, in the fourth test flight, Starship spacecraft rocket system of SpaceX, owned by the technology tycoon Musk, finally succeeded, pushing this heavy rocket to a new milestone.

At 8:50 a.m. local time, Starship was launched from the Starbase near Boca Chica, Texas. A few minutes after the launch, the rocket booster successfully soft landed in the Gulf of Mexico, marking SpaceX's first full recovery of the rocket booster. After orbiting the Earth for half a circle, the rocket successfully re-entered the atmosphere and landed in the Indian Ocean, achieving a milestone victory. The entire flight lasted about 90 minutes.

Musk congratulated the successful return of the rocket on X platform, saying: "Although Starship has lost many fragments and its flaps are damaged, it still returned all the way and landed softly in the ocean!"

The third.$Apple (AAPL.US)$It fell 0.71% with a trading volume of 83.39 billion US dollars. Apple's market cap fell below $3 trillion to $2.982.172 billion, but it is slightly higher than NVIDIA, becoming the second largest market cap company in US stock market again.

Bank of America analyst Wamsi Mohan rates Apple as a "buy" with a target price of $230. According to Bank of America's latest analysis, Apple achieved low double-digit growth in App Store revenue in the first half of the third quarter. According to SensorTower's data, the revenue of Apple's App Store increased by 11% year-on-year in 66 days, reaching $5.4 billion. Especially in May, global revenue grew by 12%, of which the contribution of the Chinese market was 10%.

Mohan further broke down the sources of revenue, pointing out that game revenue grew 6% year-on-year to $2.8 billion, accounting for 52% of total revenue, slightly lower than the same period last year, but games remain the largest source of revenue in the App Store. In addition, entertainment, photos and videos, social networks, music, and other categories also performed well. App Store revenue from productivity apps grew 36% year-on-year, accounting for 3% of total revenue, the fastest-growing segment. In the Chinese market, game revenue declined slightly by 2%, while entertainment revenue grew by 20% year-on-year. Mohan added that entertainment now accounts for 20% of total App Store revenue in China, up 2 percentage points from last year.

The 5th place is recently popular among individual investors.$GameStop (GME.US)$It closed up 47.45% with a trading volume of 7.851 billion USD. According to the latest news, the YouTube channel of Roaring Kitty, a stock that has recently been speculated by retail investors, was scheduled to start live streaming on Friday, June 7 local time. As is well known, Roaring Kitty is the account of Keith Gill, the "big brother" of US stock retail investors, which means that Gill will return to this live broadcast platform after a three-year absence.

Three years ago, Gill and others were active in posting on social media, encouraging a large number of American retail investors to buy gamestop's stock, which triggered the "retail investors squeeze Wall Street" incident that shocked the world. At that time, multiple companies that had bet on gamestop's decline were forced to close their positions, and Melvin Capital lost nearly $3 billion on short selling.

The seventh.$Microsoft (MSFT.US)$It rose 0.12% with a trading volume of 6.298 billion US dollars. Microsoft's market value was $3,155.162 billion, still the largest company in the US stock market.

There are reports that the US government will strengthen its control over AI industry giants. On June 5th local time, two regulatory agencies of the US federal government reached an agreement to launch an anti-monopoly investigation into NVIDIA, OpenAI, and Microsoft's dominant position in the AI industry. This symbolizes a significant increase in US government regulatory efforts towards AI technology.

According to insiders, the US Department of Justice and the Federal Trade Commission (FTC) have reached an agreement within the past week and negotiations are in the final stages, which are expected to be completed in the next few days. According to the agreement, the US Department of Justice will lead the investigation into whether NVIDIA's behavior violates antitrust laws, while FTC will lead the investigation into OpenAI, Microsoft's investment in OpenAI, and its agreements with other AI companies.

In addition, according to insiders, the US Federal Trade Commission (FTC) is investigating the agreement between Microsoft and Inflection, an AI startup, to determine whether the agreement is intended to evade regulatory scrutiny.

In March of this year, Microsoft hired Mustafa Suleyman, co-founder of Inflection AI, and almost all of its employees, promising to pay $650 million to the startup as part of the licensing fee for reselling its technology. Sources also said that Inflection's investors were told they would get a return on their investment over time from the proceeds of the sale.

An insider said that the FTC is currently seeking information about how and why the two parties reached the agreement.

The eighth.$Amazon (AMZN.US)$Up 2.05%, with a turnover of 5.766 billion U.S. dollars. Amazon has reportedly reached an agreement to acquire certain assets of Indian video streaming service, MX Player. The e-commerce giant is acquiring some, but not all, of MX Player's assets. The deal has not yet been completed.

In a statement, an Amazon spokesperson said: "We've always been looking for ways to launch new products and services that can help improve the lives of customers. We are excited to continue to entertain India with our Prime Video and miniTV services which feature great local originals and exclusive content."

Ranked tenth.$Alphabet-A (GOOGL.US)$Up 0.75%, with a turnover of 4.105 billion U.S. dollars. The UK Competition Appeal Tribunal (CAT) ruled on Wednesday that Google must face a massive lawsuit alleging it abused its dominant position in the online advertising market. The lawsuit on behalf of UK website and app publishers seeks up to 13.6 billion pounds ($17.4 billion) in damages, the latest case against the search giant's commercial practices. The Ad Tech Collective Action is representing the publishers who claim they suffered losses because of Google's alleged anticompetitive behavior. Google urged the CAT to block the case last month, arguing that the case is contradictory and there is no explanation of how the alleged anticompetitive behavior caused the publishers any harm. The company's lawyers said in court documents that the company "vigorously disputes the allegations."

The 11th sportswear manufacturer$Lululemon Athletica (LULU.US)$Up 4.79%, with a turnover of 3.954 billion U.S. dollars. The company's Q1 global net revenue increased 10% YoY to $2.2 billion, with net income of $300 million, and international business net revenue increased 35%. In specific to the China market, net revenue from mainland China in Q1 FY2024 increased by 45% YoY, with net revenue up 52% YoY in fixed dollars. "This quarter, we are showing exceptional performance in the Mainland China market. We are still in the early stages of development in the Mainland China market, and there is tremendous growth potential in terms of store expansion, digital business, brand awareness and so on," said Lululemon CEO Calvin McDonald during an earnings conference call.

Net revenue from mainland China in Q1 FY2024 increased by 45% YoY, with net revenue up 52% YoY in fixed dollars.

Regarding this, Lululemon CEO Calvin McDonald said during an earnings conference call: "We are showing exceptional performance in the Mainland China market this quarter. We are still in the early stages of development in the Mainland China market, and there is tremendous growth potential in terms of store expansion, digital business, brand awareness and so on."

After Lululemon Athletica posted its earnings, Barclays lowered its target price from $395 to $338 while maintaining its "neutral" rating.

The 12th.$Super Micro Computer (SMCI.US)$Down 3.07%, with a turnover of 3.905 billion U.S. dollars. Super Micro Computer estimates that the adoption rate of direct liquid cooling technology will reach 30% next year, marking a significant acceleration of the technology that improves data center efficiency. The AI server manufacturer's stock rose 5% on Wednesday. The surge in artificial intelligence spending has significantly increased the demand for electricity, leading analysts to believe that the environmental impact and power consumption of ultra-large-scale computers will become a more important component of the AI story. Super Micro Computer CEO Charles Liang said at the Taipei International Computer Show that the company expects 15% of new global data center deployments in the next 12 months to use its direct liquid cooling technology, and that this percentage will reach 30% the following year.

Ranked thirteenth.$Salesforce (CRM.US)$Up 2.63%, with a turnover of 2.848 billion U.S. dollars. The company announced that it has chosen London as its first AI hub, where its AI industry experts and customers will be able to collaborate to advance AI technology innovation and provide important opportunities for skills development. The San Francisco-based software technology giant promised last year to invest $4 billion in its UK business over a five-year period to bolster AI innovation.

The 17th$Taiwan Semiconductor (TSM.US)$Down 0.52%, partly giving back the nearly 6% gain from the previous session, with a turnover of 2.4 billion U.S. dollars. Taiwan Semiconductor Manufacturing Company held a board meeting on Tuesday to approve a capital budget of $17.356 billion, widening advanced process capacity. At the same time, the board announced a buyback of 3.249 million shares to offset dilution effects caused by new employee stock-option grants, with the buyback price ranging from NT$598 to NT$1,281 per share. TSMC said the repurchased shares would be cancelled to safeguard the interests of shareholders.

Ranked 18th. Fell 1.56%, with a turnover of 2.175 billion US dollars. The company's statistics show that in the first quarter of 2024, its net income was $8.22 billion, a year-on-year decrease of 28%. It is analyzed that the main reason for the decline in profit is the fall in natural gas prices and the deterioration of refinery profit margins.$Micron Technology (MU.US)$Down 2.72%, with a turnover of 2.022 billion U.S. dollars. Micron Technology has started providing the first batch of samples of GDDR7 memory to industry partners several months after JEDEC released the GDDR7 memory standard specification. The memory is suitable for AI, gaming, and high-performance computing fields. The company said that GDDR7 memory will be available starting in the second half of 2024. Micron Technology stated that the new memory solution is based on its 1-beta DRAM technology, with memory performance rates up to 32Gb/s. In addition, the system bandwidth of GDDR7 memory exceeds 1.5TB/s, a 60% improvement over GDDR6, and is equipped with four independent channels to optimize workload, while the energy efficiency of GDDR7 is more than 50% higher than that of GDDR6, enabling better heat dissipation and battery life. Compared with existing GDDR6 and GDDR6X, graphics cards using GDDR7 are expected to increase frame rates by over 30% at FHD, 2K, and 4K resolutions.

Micron Technology stated that the new memory solution is based on its 1-beta DRAM technology, with memory performance rates up to 32Gb/s. In addition, the system bandwidth of GDDR7 memory exceeds 1.5TB/s, a 60% improvement over GDDR6, and is equipped with four independent channels to optimize workload, while the energy efficiency of GDDR7 is more than 50% higher than that of GDDR6, enabling better heat dissipation and battery life. Compared with existing GDDR6 and GDDR6X, graphics cards using GDDR7 are expected to increase frame rates by over 30% at FHD, 2K, and 4K resolutions.

Edited by Jeffrey