The first in the U.S. stock market turnover on Tuesday.$NVIDIA (NVDA.US)$Nvidia moved to the top spot for turnover in US stocks on Tuesday, with a 6.76% increase and a turnover of $52.554 billion. Prior to this, the stock had fallen for three consecutive trading days, accumulating more than a 13% decline, falling into a correction zone. On Monday, Nvidia fell more than 6%, hitting the largest single-day decline since a 10% decline on April 19.

It is worth noting that since Nvidia released its Q1 earnings on May 22, more than a third of Nvidia insiders have chosen to reduce their shareholding. Nvidia founder and CEO Huang Renxun, CFO Colette Kress, and Executive Vice President Deborah Shoquist have all sold off shares, involving a total value of tens of millions of dollars.

According to Kevin Dempter, a Renaissance macro research analyst, Nvidia has technically formed a bearish engulfing pattern. "This may make investors ride the emotional rollercoaster, and they don't have to look too far to find the closest example: the bearish news on March 8 caused Nvidia's stock price to briefly fall 20%. We suspect that Nvidia's stock will further profit taking and fall back to around $110 at the beginning of the month."

Thierry Wizman, global interest rate and currency strategist at Macquarie, said, "The AI story is still in an early stage and will continue." He believes that the revenue growth of AI companies is "resilient" because over the next three years, even if the US economy overall slides, there will still be investment in this area. "This is why, from a profit perspective, they (AI stocks) look very safe."

Steve Eisman, Senior Portfolio Manager at Loomis, Sayles & Company, said losing $430 billion market cap in three days is not a big deal for Nvidia. Eisman, widely known for shorting subprime mortgages before the financial crisis, said in an interview on Tuesday that he holds a "substantial" amount of Nvidia stocks and considers it a long-term investment that is meaningful for the next few years.

Ivana Delevska, founder and chief investment officer of Spear Invest, also has confidence in Nvidia's future performance. "If the price (of the stock) goes up like it is now, but the earnings don't really change, yes, we would be very worried. But in the current situation, Nvidia has fairly solid earnings support."

The second.$Apple (AAPL.US)$Apple rose 0.45% with a turnover of $11.882 billion on Monday. The European Commission announced on Monday that it had preliminarily determined that Apple's App Store violated the EU's Digital Markets Act. The European Commission said that Apple's App Store rules blocked application developers from freely guiding consumers to more preferential products and content through other channels.

According to public data, Apple's total revenue in the 2023 fiscal year reached US$383 billion. Calculated at a fine of 10%, the company will receive a fine of nearly US$40 billion (approximately RMB 290 billion).

The third.$Tesla (TSLA.US)$Tesla rose 2.61% with a turnover of $11.829 billion on Monday. The US National Highway Traffic Safety Administration (NHTSA) announced that Tesla will recall 11,688 Cybertruck electric pickups due to windshield wiper failures that will reduce visibility and increase the risk of collisions. The recall includes all 2024 Cybertrucks produced between November 13, 2023 and June 6, 2024.

In addition, Tesla also recalled 11,383 2024 Cybertrucks because the decorative items in the rear compartment may be installed improperly. The decorations may fall off the vehicle, posing a danger to the driver behind, and increasing the risk of a collision.

The fifth.$Amazon (AMZN.US)$Amazon Prime Day 2024 will be held from July 16 to 17, with a turnover of $8.574 billion, up 0.41%. Goldman Sachs maintains a buy rating on Amazon with a target price of $225.

The sixth.$Microsoft (MSFT.US)$Microsoft may face huge fines as EU regulators accuse the company of abusing its market power by bundling Teams video conferencing applications with other business software. The European Commission has issued a so-called statement of objections accusing Microsoft of violating EU competition rules by bundling Teams with its Office 365 and Microsoft 365 software packages.

The EU regulatory agency said that since at least 2019, Microsoft's behavior has protected its dominant position in the market and made Teams more advantageous than its competitors. The agency also added that limited interoperability between Teams and rival software also contributed to this unfair advantage.

The eighth.$Meta Platforms (META.US)$Apple and Meta have not discussed cooperation in artificial intelligence, according to insiders cited by the media on Monday. The two companies only had a brief meeting in March.

11th place$Alphabet-A (GOOGL.US)$According to the latest report from cybersecurity experts, between July 2020 and February 2023, 346 million Google Chrome users installed problematic extensions, with more than 63 million extensions violating Google's policies, and 3 million extensions having vulnerabilities, while 280 million extensions contained malicious software.

Ranked 14th among US pharmaceutical giants.$Eli Lilly and Co (LLY.US)$Eli Lilly and Co rose 1.63% with a turnover of $2.56 billion on Tuesday. The company announced that it has partnered with OpenAI to develop new antibacterial drugs using its generative artificial intelligence (AI).

Eli Lilly's chief information and digital officer, Diogo Rau, said: "Our collaboration with OpenAI represents a groundbreaking step in the fight against the increasingly serious but overlooked AMR threat." Diogo pointed out that generative AI provides a new opportunity to help researchers accelerate the discovery of new antibiotics and develop dedicated technologies in the fight against resistant bacteria. The cooperation between the two companies will help address major health challenges faced by people around the world.

16th place.$Taiwan Semiconductor (TSM.US)$Up 2.85%, with a turnover of 2.303 billion US dollars. Bernstein Securities said that Taiwan Semiconductor's performance in 2024 is expected to exceed expectations. Taiwan Semiconductor's stock price has recently hit new highs, and Wall Street analysts' bullishness on the stock price of Taiwan Semiconductor is becoming increasingly high. Even some analysts who are extremely bullish on the future performance of Taiwan Semiconductor believe that its market capitalization is only a matter of time before it equals that of Nvidia (NVDA.US), which is currently as high as $3 trillion.

The 17th$MicroStrategy (MSTR.US)$Up 9.01%, with a turnover of 2.004 billion US dollars. On Tuesday, Bitcoin-related stocks generally rose. MicroStrategy is the most holding bitcoin listed company on the US stock market.

Editor / jayden