Source: Global Market Report On Monday, the turnover of US stocks ranked first, closing up 0.75% with a turnover of $38.014 billion. Since the opening on June 10, Nvidia's stock has been trading at adjusted prices after the split. The overall value of Nvidia is not expected to change after the split, and the lower stock price will make it easier for investors to reach. In terms of product structure, the operating income of 10-30 billion yuan products is respectively 401/1288/60 million yuan.
Tesla, the third-highest traded stock in the United States on Friday, fell 2.44% with a turnover of $14.75 billion. Broadcom, the fourth-most traded stock, rose 3.34% to another record high with a turnover of $12.001 billion. Adobe, the fifth-most traded stock, rose 14.51% with a turnover of $7.811 billion.
On Friday, the US stock market had the highest trading volume. The stock fell by 0.09%, with a turnover of USD 49.5 billion. The stock has risen more than 10% this week. According to media reports, the US federal regulatory agency has reached an agreement to allow antitrust investigations into Microsoft, OpenAI, and Nvidia's dominant position in the AI industry.$NVIDIA (NVDA.US)$Up 1.75%, hitting another historical high, with a transaction volume of 40.584 billion U.S. dollars and a market value of over 3.2 trillion U.S. dollars. Nvidia has risen 9.1% this week, marking the eighth consecutive week of gains. In terms of product structure, the operating income of 10-30 billion yuan products is 401/1288/60 million yuan respectively.
Huatai Securities released a report pointing out that Nvidia split its stock in a 'ten for one' manner to increase liquidity, which took effect after the market closed last Friday (July 7). The company announced a 'four for one' split last time was in 2021. After its announcement to execution (May 21, 2021 to July 19, 2021), three months later (July 19, 2021 to October 20, 2021), and six months later (July 19, 2021 to January 20, 2022), the stock price increased by 25%, 18%, and 29% respectively.
The bank believes that the post-split Nvidia stock price will better meet the Dow Jones Industrial Average standards or attract more passive funds. The bank believes that Nvidia's high-performance computing power, high-speed transmission, and CUDA make its advantages more prominent. In the process of transforming data centers into artificial intelligence (AI) factories, demand for AI chips will be stronger. The bank raised Nvidia's target price from 135 US dollars to 150 US dollars, equivalent to a predicted market P/E ratio of about 40 times in the 2026 fiscal year, and rated the stock as a 'buy', believing that its leadership is solid.
The second.$Apple (AAPL.US)$Apple fell 0.82%, with a transaction volume of 14.919 billion U.S. dollars and a market value of 3.26 trillion U.S. dollars. According to the latest news on Friday, although Apple, which was regarded as the 'gatekeeper' of technology giants, recently made historic changes in response to the EU's recently effective 'Digital Markets Act', it still cannot escape EU accusations.
More significantly, Apple is likely to become the first technology giant to be accused after the new EU digital law goes online. According to multiple sources, the EU’s investigation confirmed that Apple failed to fulfill its obligation to 'allow app developers to guide users to discounts outside the App Store' while not charging extra fees.
If Apple is found to have violated the law, the maximum fine could reach 5% of daily revenue, which is approximately slightly over 1 billion U.S. dollars.
The third.$Tesla (TSLA.US)$Tesla fell 2.44%, with a transaction volume of 14.75 billion U.S. dollars. At the Tesla 2024 shareholders' meeting, shareholders voted to approve Musk's compensation plan and agreed to relocate Tesla's headquarters to Texas.
Reports show that on June 13th, Tesla made an announcement to raise prices for Model 3 cars manufactured in China and sold in the European Union, following the European Union’s announcement of increased import duties on electric cars made in China on June 12th.
Tesla became the first electric car brand to react to the EU's new tax policies.
Ranked fourth.$Broadcom (AVGO.US)$Up 3.34%, hitting another historical high, with a transaction volume of 12.001 billion U.S. dollars. The stock has risen 23.35% this week.
Driven by strong AI demand, Broadcom’s performance in the second quarter of the year greatly exceeded expectations. The company also announced a stock split plan of 'one for ten'. Morgan Stanley raised Broadcom's target price from 1,658 US dollars to 1,765 US dollars, maintaining a 'buy' rating.
The fifth.$Adobe (ADBE.US)$Up 14.51%, with a transaction volume of 7.811 billion U.S. dollars. The company's quarterly performance and full-year guidance both exceeded expectations.
Adobe announced a quarterly revenue of $5.31 billion, a year-on-year increase of 10%, slightly higher than the company's expected range of $5.25 billion to $5.3 billion, and higher than the Wall Street consensus forecast of $5.29 billion tracked by FactSet. The adjusted EPS was $4.48, higher than Adobe's expected $4.35 to $4.4, and higher than the Wall Street consensus forecast of $4.39.
The company expects full-year revenue to be between $21.4 billion to $21.5 billion, higher than the previous forecast of $21.3 billion to $21.5 billion. The expected full-year adjusted EPS is between $18 to $18.2, higher than the previous forecast of $17.6 to $18.
Wells Fargo Securities maintains a 'buy' rating on Adobe and has raised its target price from $675 to $700.
The sixth.$Microsoft (MSFT.US)$Up 0.22%, hitting another historical high, with a transaction volume of 6 billion US dollars and a market value of 3.29 trillion US dollars.
Microsoft plans to invest 6.69 billion euros ($7.16 billion) to develop new data centers in the Aragon region of northeastern Spain. The Aragon regional government stated that Microsoft has applied for and obtained a construction permit to build data centers outside of the city of Zaragoza, which confirms the report of the local newspaper 'El Heraldo'. It is reported that Microsoft's investment will be carried out over 10 years.
Ranked tenth.$Amazon (AMZN.US)$Down 0.09%, with a transaction volume of 4.664 billion U.S. dollars. Telecommunications company Vrio and Amazon announced that they will jointly launch satellite Internet services in seven South American countries, which will directly compete with Musk's Starlink. The two sides will provide this service to users in Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, and Colombia.
According to reports, Amazon has been ordered to pay $122 million for infringing on targeted advertising patents.
Ranked thirteenth.$Netflix (NFLX.US)$The stock rose 2.47%, hitting a new high since December 2021, with a turnover of $2.974 billion. Netflix has risen about 37.48% this year. KeyBanc raised Netflix's target price from $705 to $707 and maintained a "buy" rating.
15th place.$Visa (V.US)$Visa fell 0.2%, with turnover of $2.31 billion. A $30 billion settlement agreement between Visa and Mastercard and merchants may be rejected by a federal judge in Brooklyn, New York.
According to court records, Margot Brodie, a federal judge in the Eastern District of New York, at a hearing on June 13, stated that she may not approve the deal. Brodie has not made an official ruling, but she said that based on her comments in court, she would come to a written decision in the coming days.
Visa and Mastercard reached a settlement agreement with plaintiff merchants in March of this year, agreeing to restrict credit card swipe fees. US merchants say this will save them at least $30 billion over five years.
Ranking 20th$Eli Lilly and Co (LLY.US)$Eli Lilly's competitor Biogen said its Alzheimer's drug, Leqembi, will perform well in the market, regardless of competitors. Biogen believes that Eli Lilly's experimental Alzheimer's treatment drug, donanemab, is a potential competitor.
Editor/Jeffy