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.
On Monday, Nvidia, the top stock in terms of trading volume, fell 0.68% with a transaction value of $37.904 billion. In second place, Tesla rose 5.3% with a transaction value of $20.314 billion. Apple, in third place, rose 1.97% to a historical high with a transaction value of $20.269 billion, and a market cap of $3.322 trillion.
The opening ceremony of the Apple Worldwide Developers Conference (WWDC), which was highly anticipated by investors, started on Monday, with its annual five-day conference running through to Friday, June 14. On Monday, Apple CEO Cook announced the "Apple Intelligence" feature, which integrates AI language models into a wide range of Apple devices, including iPhone, iPad, and Mac. Users can use AI to write articles and check and proofread content in various situations, and can even allow AI to generate images when sending messages. Apple also announced a partnership with OpenAI to integrate the latter's ChatGPT.$NVIDIA (NVDA.US)$The market fell by 0.68% with a trading volume of $37.904 billion. According to reports, the US Supreme Court will hear a shareholder lawsuit involving Nvidia's cryptocurrency mining income, a decision that could have a significant impact on future securities fraud litigation.
Shareholders allege that Nvidia misled the market during the period between 2017 and 2018 by concealing the fact that the growth in sales of the company's GeForce GPU products was mainly driven by demand for cryptocurrency mining. After the cryptocurrency market fell, Nvidia's stock price fell sharply. Nvidia argued that the shareholders failed to provide sufficient internal evidence to prove their misleading conduct. If the Supreme Court supports Nvidia, it will provide new legal grounds for the company to dismiss the shareholder lawsuit early.
The second.$Tesla (TSLA.US)$The stock rose 5.3% with a trading volume of $20.314 billion. Tesla CEO Musk said at the company's annual shareholder meeting last Thursday that "when we reach mass production, Tesla can basically earn about $1 trillion in profit from Optimus each year." Analysts said that if the P/E ratio is around 20 to 25 times, this means that the estimated value of Optimus' single business will reach $20-25 trillion. Musk also believes that Tesla can become a $30 trillion company by market cap. In addition, Musk said on Monday that he is working on the fourth chapter of Tesla's grand plan (Master Plan Part 4).
Analysts say that if the P/E ratio is around 20 to 25 times, this means that Optimus' single business valuation will reach $20-25 trillion. Musk also believes that Tesla can become a $30 trillion company by market cap.
In addition, Musk said on Monday that he is working on the fourth chapter of Tesla's grand plan (Master Plan Part 4).
The third.$Apple (AAPL.US)$The stock rose 1.97%, reaching a new all-time high with a trading volume of $20.269 billion, and a market cap of $3.3224 trillion. According to media reports on Monday, Apple is planning to develop a thinner model for the upcoming iPhone 17 series. Renowned Apple analyst Guo Mingqi wrote that the Apple Watch Series 10 to be released in the second half of the year will have an updated appearance, including a larger screen size (upgraded from 45mm/41mm to approximately 49mm/45mm) and a thinner design. In addition, the specifications of the Apple Watch Ultra model have not changed significantly, but if the production yield is as expected, there may be new casing color options (black/dark).
The EU is expected to announce the results of its investigation into the Digital Markets Act (DMA) launched in March this year before the summer break, and Apple is likely to become the first technology giant to be charged by the EU antitrust agency for violating the DMA. According to the latest financial media estimates, Apple's fine may be calculated at 5% of its daily revenue, which is approximately $100 million, meaning the company will need to pay a fine of $50 million per day.
According to the latest financial media estimates, Apple's fine may be calculated at 5% of its daily revenue, which is approximately $100 million, meaning the company will need to pay a fine of $50 million per day.
Ranked fourth.$Broadcom (AVGO.US)$The stock rose 5.41% with a trading volume of $15.828 billion. After Broadcom announced its Q2 results exceeded expectations and announced the 1-for-10 stock split plan, several major banks raised their target price.
Citigroup raised Broadcom's target price from $1560 to $1750 and reiterated a "buy" rating. They are optimistic that the market's expectations for Broadcom's performance will continue to rise driven by the development of AI and the acquisition of VMware will lead to synergies.
Jefferies believes that most of Broadcom's business cycle adjustments are performing well and it is expected to benefit from sustained development of the AI industry and cyclical recovery of other industries. They raised the target price from $1550 to $2050 and rated it as "buy".
The fifth.$Microsoft (MSFT.US)$Wedbush raised Microsoft's target price from $500 to $550 and maintained an "outperform" rating, stating that artificial intelligence will change the trajectory of cloud growth.
The sixth.$Super Micro Computer (SMCI.US)$The stock rose 5.08% with a trading volume of $7.848 billion.
Ranked ninth.$Meta Platforms (META.US)$The stock rose 0.49% with a trading volume of $5.685 billion. According to reports, Meta Platforms CEO Zuckerberg is planning to streamline the company by reducing the number of vice president positions. Insiders revealed that the number of vice presidents at Meta reached a peak of approximately 300 last year, an increase from 180 in the previous years.
Ranked tenth.$Dell Technologies (DELL.US)$Morgan Stanley maintained its "overweight" rating on Dell stock and raised its target price to $155.
The 12th.$Micron Technology (MU.US)$The stock rose 4.58%, reaching a new all-time high with a trading volume of $3.457 billion. At least two brokerage firms have upgraded their ratings on the stock.
Ranked 14th.$Taiwan Semiconductor (TSM.US)$The stock rose 2.74%, reaching a new all-time high with a trading volume of $3.489 billion. A new round of price hikes in TSMC's semiconductor business may be about to begin. According to media reports on Monday, the price of TSMC's 3nm process may rise by more than 5%, and the annual price increase for advanced packaging will be between 10% and 20%. At the shareholder meeting on June 4, the newly appointed chairman of TSMC, Wei Zhejia, who just took over the company, "indicated" that he has the idea of raising prices.
16th place.$Qualcomm (QCOM.US)$The stock rose 3.2% with a trading volume of $2.655 billion.
Ranking 20th$GameStop (GME.US)$Falling 12.13%, with a turnover of 2.366 billion US dollars. Ryan, CEO of Gamestop, stated that the struggling video game retailer will focus on cutting costs and long-term profitability at Monday's annual shareholder meeting.$Cohen (COHN.US)$Cohen added that this will involve a "smaller store network", suggesting that more stores may be closed, but he did not immediately provide further details on the cuts.
Cohen stated that this will involve a "smaller store network", suggesting that more stores may be closed, but he did not immediately provide further details on the cuts.
Editor / jayden