On Wednesday, Nvidia, which ranked first in trading volume on the US stock market, fell 6.8%, with a turnover of $38.049 billion; Tesla, which ranked second, closed down 12.33%, with a turnover of $36.743 billion; Apple, which ranked third, fell 2.88%, with a turnover of $13.515 billion.
On Wednesday, US stocks had the highest turnover.$NVIDIA (NVDA.US)$Plummeting by 6.8%, with a turnover of 38.049 billion US dollars. According to insiders, NVIDIA has informed suppliers that its AI chip will begin using Samsung Electronics' HBM3E memory.
Citigroup launched an investor survey last week to capture the future trends of various AIs from investor sentiment. The survey results showed that NVIDIA is still the most popular, but$Broadcom (AVGO.US)$In the field of simulation chips, NXP Semiconductors is still the most popular stock, followed by Silicon Carbide.$NXP Semiconductors (NXPI.US)$The most sought after is Adreno, followed by Micron, which the bank is worried about, and AMD has the most negative views because of concerns that the MI300 chip is no longer dominant.
The second.$Tesla (TSLA.US)$Closing down 12.33%, with a turnover of 36.743 billion US dollars. Tesla released its Q2 earnings report after US stock market trading on Tuesday: Revenue was USD 25.5 billion, a YoY increase of 2%; Net profit was USD 1.494 billion, a sharp drop from last year's net profit of USD 2.614 billion; Attributable net income to common stockholders was USD 1.478 billion, down 45% YoY; EPS was USD 0.42, down 46% YoY.
Although Tesla's Q2 revenue exceeded Wall Street analysts' previous expectations, the adjusted EPS simultaneously fell sharply by 43%, failing to meet expectations.
The third.$Apple (AAPL.US)$Closing down 2.88%, with a turnover of 13.515 billion US dollars. Apple will release its Q3 financial results after US stock market trading on August 2. Wall Street analysts generally predict that Apple's Q3 revenue will be USD 84.07 billion and EPS will be USD 1.33.
There are reports that Apple is developing a foldable iPhone, which is expected to be launched in 2026. In recent months, Apple has been in contact with Asian suppliers to discuss the production of related parts. If the foldable iPhone is really launched, it will be one of the biggest hardware design reforms in iPhone history.
Spain's antitrust regulator, the National Commission for Markets and Competition (CNMC), announced on Wednesday that it is investigating possible anti-competitive behavior in Apple's App Store app store. CNMC stated that Apple has imposed unequal commercial conditions on developers of mobile applications sold in its app store, which may constitute unfair competition.
The agency stated in a statement that these practices may be considered very serious violations of fair competition laws and may therefore be subject to fines of up to 10% of its global revenue.
Barclays analyst Tim Long raised Apple's target price from US$160 to US$187, but still maintained a "sell" rating on the stock. The analyst pointed out that after two years of "flatness", Apple's revenue growth rate in 2025 should reach 9%, and its iPhone, Mac, and service businesses will all improve.
Tim Long added that market expectations for Apple are rising, and people hope that the next generation of iPhones with artificial intelligence can improve market sentiment.
JPMorgan raised Apple's target price from US$245 to US$265 and maintained a "buy" rating.
Ranked fourth.$Microsoft (MSFT.US)$Closing down 3.59%, with a turnover of 11.546 billion US dollars. Microsoft announced the launch of Bing's generative search blog on Tuesday.
Brokerage Piper Sandler raised Microsoft's target price from USD 465 to USD 485 last Tuesday, maintaining a "buy" rating, citing its strong cloud business (especially AI) performance.
Brent Bracelin, an analyst at the brokerage, said, "Microsoft's cloud services took 13 years to break through the $100 billion revenue milestone from 2010 to 2023, including a total of approximately $176 billion in capital expenditures and lease expenses. By 2026, Microsoft's cloud computing revenue could double to more than $200 billion. Growth-oriented investors should look beyond recent concerns about excessive AI development and see a broader cloud transformation still underway, which could help maintain revenue and profit growth at double-digit rates before 2030."
Microsoft is already one of the biggest beneficiaries of the AI boom, but Bracelin said the company will benefit even more in the future. By 2026, the proportion of AI-supported cloud computing revenue will rise from the current 53% to 63%.
In addition, Microsoft officials said the EU should be responsible for the recent world's largest IT system failure. The company said that the EU's restrictive measures prevented it from locking down the Windows system, which was one of the reasons for the world's largest IT failure event.
The fifth.$Alphabet-A (GOOGL.US)$Closing down 5.04%, with a turnover of 8.594 billion US dollars. Alphabet's parent company Google released its Q2 earnings report after US stock market trading on Tuesday: Revenue was USD 84.742 billion, a YoY increase of 14%, a YoY increase of 15% excluding the impact of exchange rates; Net profit was USD 23.619 billion, a YoY increase of 29%; EPS was USD 1.89, an increase from USD 1.44 of the same period last year.
Alphabet's Q2 revenue and EPS exceeded Wall Street analysts' previous expectations, but YouTube ads and revenue failed to meet expectations.
The sixth.$Meta Platforms (META.US)$Closing down 5.61%, with a turnover of 8.232 billion US dollars. Meta Platforms released the Llama 3.1 open source large model series on Wednesday, which includes the largest version of Llama 3.1 405B, lightweight Llama 3.1 8B, and Llama 3.1 70B, all of which are available for free use. Zuckerberg said that open-source AI is the way forward and that AI development will continue to be highly competitive, with open-source rapidly closing the gap.
The seventh.$Amazon (AMZN.US)$Closing down 2.99%, with a turnover of 7.559 billion US dollars. According to internal documents and insiders, Amazon's device business has accumulated losses of more than USD 25 billion from 2017 to 2021. Amazon is expected to launch a paid version of Alexa voice service this month, which will incorporate more AIGC technology compared to the current Echo experience.
Amazon's move aims to enhance the competitiveness of its voice assistant service and attract more users to use its products. The paid version of Alexa will provide more comprehensive functions and services, including smart home control, music playback, shopping, etc. Amazon also plans to launch more new features and improvements in the coming months to further enhance the user experience.
The eighth.$Advanced Micro Devices (AMD.US)$Goldman Sachs analyst Toshiya Hari released a report on Tuesday, maintaining a "buy" rating on AMD and ARM and a "sell" rating on Intel.
Goldman Sachs expects that AMD's Q2 performance and guidance are expected to meet market expectations, and the data center business may achieve double-digit growth. ARM's Q2 performance and guidance both exceed market expectations, and the compound annual growth rate of revenue in the next three years may reach 23%. In contrast, Intel's Q2 performance and guidance may disappoint Wall Street, and its server CPU market share is still being squeezed by peers.
11th place$Super Micro Computer (SMCI.US)$Experiencing a 9.15% decline with a trading volume of 4.937 billion US dollars, Goldman Sachs Global Equity Research Director Jim Covello said that artificial intelligence must be able to solve complex problems in order for companies such as NVIDIA, Microsoft, Google, Meta, Amazon, and Super Micro Computer, who continuously invest in artificial intelligence, to get returns.
The 12th.$CrowdStrike (CRWD.US)$Experiencing a 3.99% decline with a trading volume of 3.88 billion US dollars, it has been reported that Malaysia is requesting Microsoft and CrowdStrike to consider compensating affected enterprises. Malaysia's Minister of Communications and Multimedia, Gobind Singh Deo, said on Wednesday that he has requested Microsoft and CrowdStrike to consider compensating companies that suffered losses during last week's global network service interruption.
Ranked 14th.$Taiwan Semiconductor (TSM.US)$Experiencing a 5.9% decline with a trading volume of 3.166 billion US dollars, TSMC's Ecology and Alliance Management Director Dan Kochpatcharin said on Tuesday that the company has been collaborating with Amazon's AWS since 2016.
Ranking 20th$Texas Instruments (TXN.US)$Experiencing a 0.01% decline with a trading volume of 2.198 billion US dollars, Texas Instruments' Q2 revenue was 3.822 billion US dollars, down 15.6% year-on-year, exceeding market expectations of 3.68 billion US dollars. This suggests a sign of recovery for simulation chips, which have been suffering from continuous decline in demand. Q2 diluted EPS was $1.22, exceeding analysts' average expectation of $1.16. The company expects total revenue in Q3 to be between 3.94 billion and 4.26 billion US dollars, while analysts expect 4.14 billion US dollars.
Edited by Jeffrey