On Monday, Tesla, which ranked first in trading volume in the US stock market, closed up 5.6% with a transaction of $29.793 billion; Nvidia, which ranked second, fell 1.3%, with a transaction volume of $27.982 billion; Apple, which ranked third, rose 0.13%, with a transaction volume of $7.914 billion.
The opening ceremony of the Apple Worldwide Developers Conference (WWDC), which was highly anticipated by investors, started on Monday, with its annual five-day conference running through to Friday, June 14. On Monday, Apple CEO Cook announced the "Apple Intelligence" feature, which integrates AI language models into a wide range of Apple devices, including iPhone, iPad, and Mac. Users can use AI to write articles and check and proofread content in various situations, and can even allow AI to generate images when sending messages. Apple also announced a partnership with OpenAI to integrate the latter's ChatGPT.$Tesla (TSLA.US)$Tesla has taken over Ford as Morgan Stanley's top US auto stock, with a 5.6% increase and $29.793 billion in trading volume. Analysts at Morgan Stanley, including Adam Jonas, are optimistic about Tesla's future, with a target price of $310 implying a 40% increase in stock price.
According to a major analyst at Morgan Stanley, Tesla has made progress in controlling expectations in the automotive business, while showing strong performance in emerging drivers of company value. Jonas emphasized Tesla's potential monopoly in the zero-emission vehicle (ZEV) credit market, as well as its growing recurring service revenue. He also noted Tesla's active movement of resources, technology, talent, and capital from the automotive manufacturing sector to other industries. Meanwhile, he observed that Ford discussed electric cars far more than Tesla did in the second-quarter conference call, which may reflect a generally increasing industry focus on electric cars.
Jonas also noted that Tesla is actively moving resources, technology, talent, and capital from the automotive manufacturing sector to other industries. At the same time, he observed that Ford discussed electric cars far more than Tesla did in the second-quarter conference call, which may reflect a generally increasing industry focus on electric cars.
Tesla CEO Musk said on Monday that he expects to open FSD function to Cybertruck next month.
The second.$NVIDIA (NVDA.US)$After the US stock market closed on Monday, Nvidia founder and CEO Huang Renxun and Mark Zuckerberg, founder and CEO of the metaverse company Meta, will hold a public fireside chat at the 50th SIGGRAPH graphic conference in Denver, USA.
The third.$Apple (AAPL.US)$Apple will announce its financial report this week. Wall Street expects Apple's second-quarter revenue to grow by 3.3%, which is undoubtedly a positive signal considering that five of the past six quarters have seen revenue declines. Analysts are paying attention to the progress of Apple's intelligence and predict that the second quarter may mark the end of the decline in iPhone sales, as the AI opens up new replacement waves and sales rebound.
Dow Jones Securities raised its target price for Apple from $220 to $250.
Ranked fourth.$Advanced Micro Devices (AMD.US)$AMD will invest NT$5.33 billion (approximately RMB1.18 billion) in the construction of a research and development center, and will receive a project subsidy of NT$3.31 billion, bringing the total project investment to NT$8.64 billion according to the information disclosed by the **** Department of Economic Affairs on Monday.
It is reported that the main focus of AMD's new R&D center is on the development of AI software and hardware, advanced packaging, and other forward-looking technologies, which is also AMD's latest follow-up action after Nvidia announced the establishment of a new R&D center in May.
The fifth.$Microsoft (MSFT.US)$Microsoft's business social platform LinkedIn has agreed to pay about $6.63 million to settle a class-action lawsuit that accuses LinkedIn of overcharging advertisers by exaggerating the number of people who watched video ads on its platform.
The sixth.$Amazon (AMZN.US)$Amazon will announce its financial report this week. Evercore maintains a buy rating on Amazon with a target price of $225.
The eighth.$Alphabet-A (GOOGL.US)$Apple said the new large model for supporting Apple Intelligence was trained using Google's fourth-generation AI ASIC chip TPUv4.
Ranked ninth.$CrowdStrike (CRWD.US)$Jim Cramer says that after the global IT interruption, CrowdStrike's stock has hit bottom.
The 12th.mcdonald's (MCD.US) McDonald's second-quarter profit was $2.022 billion, a 12.47% YoY decrease, and earnings per share were $2.8. Adjusted EPS was $2.97, with an expected EPS of $3.07. McDonald's executives said that sales of $5 meal plans exceeded expectations and that the value and affordability of the brand are starting to shift positively, indicating that more customers are seeking affordable products as inflation mounts.
McDonald's said: "The number of customers at its US restaurants has declined, and more customers who are tired of inflation are looking for more cost-effective products." The company's executives have also warned that competition for customers is becoming more intense as the consumer environment deteriorates.
Ranked 14th.$Coinbase (COIN.US)$The company said on Monday that it is investigating SEI's delayed sending and receiving issues.
16th place.$Taiwan Semiconductor (TSM.US)$According to media reports citing industry insiders, Taiwan Semiconductor has received an increase in customer Super Rush Orders (SHR) that are willing to pay a 40% premium for it.
Ranked 19th.$ON Semiconductor (ON.US)$The stock rose 11.54% with a turnover of 1.752 billion dollars. The company released better-than-expected results for the second quarter. The Q2 adjusted EPS was $0.96, exceeding analysts' expectations of $0.92. Revenue fell 17.1% year-on-year to $1.74 billion, but slightly higher than the widely expected $1.73 billion.
JP Morgan released a report stating that the recent correction of Asian technology stocks in the past two weeks has raised concerns in the market about whether the upcycle driven by generative AI has ended, and the bank's answer is that it has not. This round of adjustment is similar to the mid-term adjustment from August to September 2023 and April 2024. It is believed that the spending on AI hardware will continue to grow in the next one to two years. After the recent significant correction, investors can reconsider stocks with high growth potential, including Taiwan Semiconductor, among others.
Edited by Jeffrey