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.
NVIDIA, which became the highest trading volume stock in the US on Monday, fell 6.68% with a turnover of $57.178 billion, and its market value fell to $2.91 trillion. Apple, which ranked second, rose 0.31%, with a turnover of $16.891 billion. Tesla, which ranked third, fell 0.23%, with a turnover of $11.457 billion.
The opening ceremony of the Apple Worldwide Developers Conference (WWDC), which was highly anticipated by investors, started on Monday, with its annual five-day conference running through to Friday, June 14. On Monday, Apple CEO Cook announced the "Apple Intelligence" feature, which integrates AI language models into a wide range of Apple devices, including iPhone, iPad, and Mac. Users can use AI to write articles and check and proofread content in various situations, and can even allow AI to generate images when sending messages. Apple also announced a partnership with OpenAI to integrate the latter's ChatGPT.$NVIDIA (NVDA.US)$It plummeted 6.68% with a turnover of $57.178 billion, and its market value fell to $2.91 trillion. The stock has fallen for three consecutive days, with a market value evaporation of about $440 billion. Compared with the recent high point, the stock has fallen more than 16% and has fallen into the correction range.
Nvidia briefly became the US stock market's largest market-cap company last week, replacing Microsoft, which then retreated. Technical chart analysts also pointed out that Nvidia has recently traded in a bearish pattern.
Katie Nixon, chief investment officer of Northern Trust Wealth Management, said of Nvidia: "After experiencing extreme price spikes, the stock may hit a speed bump in the future, not because of concerns about the fundamentals of the AI giant, but because the stock has risen too high and too quickly, making the market more cautious."
The second.$Apple (AAPL.US)$It rose 0.31%, with a turnover of $16.891 billion. The European Union's antitrust regulator, the European Commission, said on Monday that Apple's App Store rules violated the EU's Digital Markets Act (DMA) because it prevented app developers from guiding consumers to alternative products. The EU's allegations could result in significant fines for Apple.
In March of this year, the European Commission launched an antitrust investigation against Apple under the new Digital Markets Act. The investigation raised several concerns about Apple's business practices, including whether Apple prevented app developers from informing users about cheaper app subscription options outside of Apple's ecosystem (the App Store).
Apple recently announced that it will terminate its more-than-a-year-old Buy Now Pay Later (BNPL) service in the United States and allow installment payments through third-party applications such as Affirm, as well as credit and debit cards later this year.
The third.$Tesla (TSLA.US)$It fell 0.23%, with a turnover of $11.457 billion. According to media reports on Monday, electric vehicle giant Tesla has laid off more than 14% of its staff so far this year. This figure reveals that the company is taking proactive measures to adjust its staff structure against potential market fluctuations amid growing economic uncertainty globally.
After convincing shareholders to back Musk's $56 billion pay deal, Tesla is fighting a new legal battle to determine whether Musk can actually get the money. Tesla has submitted court documents to the Delaware Chancery Court, which earlier ruled Musk's pay package invalid, arguing that the shareholder vote on June 13 provided a 'principled solution' to enable a favorable ruling for Musk.
Ranked fourth.$Amazon (AMZN.US)$It fell 1.86%, with a turnover of $9.474 billion. According to media reports on Monday, Amazon is developing an AI chatbot assistant. Baird Securities raised Amazon's target price to $213 from $210 and maintained an outperforming rating.
The fifth.$Broadcom (AVGO.US)$It fell 3.7%, with a turnover of $9.466 billion. Jefferies released a report stating that the performance of the AI sector in the US stock market has been mixed in the past month, and Broadcom has joined NVIDIA's strong performance.
Ranked tenth.$Super Micro Computer (SMCI.US)$It fell 8.65%, with a turnover of $6.511 billion. The stock has fallen for three consecutive trading days. Prior to this, Tesla CEO Musk said that half of the AI supercomputer servers will be assembled by Super Micro Computer.
11th place$Micron Technology (MU.US)$It fell 0.38%, with a turnover of $4.541 billion. Micron Technology will release its earnings report this week. On Monday, several Wall Street banks updated their ratings on the company with target prices ranging from $140 to $175.
Morgan Stanley analyst Joseph Moore maintains a hold rating and raised his target price from $130 to $140.
Citigroup analyst Christopher Danely maintains a buy rating and raised his target price from $150 to $175.
Citigroup analyst Andy Kaplowitz initiated coverage with a buy rating and a target price of $175.
Berstein analyst Tristan Gerra maintains a buy rating.
The 12th.$Taiwan Semiconductor (TSM.US)$It fell 3.54%, with a turnover of $3.329 billion. After exclusively manufacturing AI chips for technology giants NVIDIA and AMD, among others, Taiwan Semiconductor has recently been reported to have teamed up with its affiliate Apex Electronics to win a major order for the basic interface chips for next-generation HBM4. On the other hand, SK hynix has announced a joint push with Taiwan Semiconductor for HBM4 and advanced packaging business opportunities.
Ranked thirteenth.$Alphabet-C (GOOG.US)$It rose 0.29%, with a turnover of $3.292 billion. Omdia stated in its latest research report that in the competition for AI hardware with NVIDIA, Google is significantly ahead in hyper-scale cloud providers.
The industry has pointed out that Xilinix has taken over the SK Hynix HBM4 chip design commission order, and the design will be finalized as early as next year. Depending on whether it is high efficiency or low power consumption, it will be produced by Taiwan Semiconductor's 12 and 5 nanometer processes, respectively. The commissioning of the design (NRE) project in the second half of the year is expected to make a significant contribution to revenue and enter the HBM supply chain.
15th place.$Qualcomm (QCOM.US)$Qualcomm's stock price has fallen for three consecutive trading days and has fallen by about 13% from its recent high of $230.63.
The 17th$Eli Lilly and Co (LLY.US)$Eli Lilly and Co. stated that its weight-loss drug reduces the severity of sleep apnea. The pharmaceutical giant said it is seeking approval from the US Food and Drug Administration to expand the use of its weight loss drug, Zepbound, to include sleep apnea. The company said its trials found Zepbound reduced the severity of sleep apnea.
Ranked 19th.$Coinbase (COIN.US)$It fell 6%, with a turnover of $2.3 billion. Influenced by the decline of Bitcoin, the US blockchain sector generally trended lower on Monday.
Editor / jayden