On Tuesday, NVIDIA ranked first in US stock trading volume, closing down 7.04% with a turnover of $51.108 billion; Tesla ranked second, closing down 4.08% with a turnover of $22.63 billion; and Microsoft ranked third, closing down 0.89% with a turnover of $13.534 billion.
The first in the U.S. stock market turnover on Tuesday.$NVIDIA (NVDA.US)$Down 7.04%, with a turnover of 51.108 billion US dollars. According to TrendForce's latest AI Server report, as Nvidia will release a new platform Blackwell by the end of 2024, large CSPs (cloud service providers) will also start building AI Server data centers on the Blackwell new platform, with an estimated opportunity to drive the penetration rate of liquid cooling schemes to 10%.
According to a research paper released by Apple on Monday, Apple relies on chips designed by Google, not industry leader Nvidia, to build two key components of its upcoming AI tools and feature suite's artificial intelligence software infrastructure.
The second.$Tesla (TSLA.US)$Down 4.08%, with a turnover of 22.63 billion US dollars. The National Highway Traffic Safety Administration (NHTSA) stated on Tuesday local time that Tesla is recalling more than 1.8 million electric vehicles in the United States mainly because of the risk of its software system failing to detect unlocked engine compartment lids. It is reported that an unlocked engine compartment lid can fully open and obstruct the driver's view, thereby increasing the risk of a collision. Prior to the release of this bearish news, Tesla's stock price rose more than 5% on Monday amidst bullish sentiment.
Tesla has begun rolling out over-the-air software updates to detect whether electric cars of various models can respond to opening the engine hood and send notifications to customers, according to a statement released by NHTSA.
The third.$Microsoft (MSFT.US)$Down 0.89%, with a turnover of 13.534 billion US dollars. Microsoft will release its earnings report after the US stock market closes on Tuesday. Just a few days after the blue screen accident, Microsoft reports partial interruptions in its office applications and cloud services.
Microsoft is currently investigating issues with some users being unable to use its Office applications and cloud services properly, which are affecting multiple services, including Outlook, Word, and Excel. User reports show that the number of complaints about these issues has increased rapidly since 7 am on Tuesday New York time.
In addition, Microsoft posted on social network X early Tuesday morning, stating that the issue also affected multiple Microsoft 365 services and features. Microsoft 365 includes common office applications such as Outlook, Word, and Excel.
Ranked fourth.$Advanced Micro Devices (AMD.US)$Down 0.94%, with a turnover of 9.501 billion US dollars. AMD has officially announced the second-generation frame generation technology AFMF 2, which is still a solution based on driver software (Nvidia uses hardware acceleration), focusing on significantly reducing latency, optimizing fluency, improving performance, supporting a wider range of games, and there are more settings and gameplay.
The fifth.$Apple (AAPL.US)$Up 0.26%, with a turnover of 9.085 billion US dollars. According to a research paper released by Apple on Monday, Apple relies on Google, not industry leader Nvidia, to design the chips for two key components of its upcoming AI tools and feature suite's artificial intelligence software infrastructure.
The sixth.$Amazon (AMZN.US)$Down 0.81%, with a turnover of 7.161 billion US dollars. Amazon filed documents with a federal court in Delaware on Tuesday claiming that Nokia has infringed on 12 patents related to cloud computing technology. Amazon has said that Nokia has misused Amazon Web Services technology to support its own cloud services.
The seventh.$CrowdStrike (CRWD.US)$Reportedly, it fell 9.72%, with a turnover of 6.059 billion USD.$Delta Air Lines (DAL.US)$Down 0.54%, with a turnover of 5.265 billion US dollars. Meta Platforms announced that it will launch a new tool called AI Studio based on the Llama 3.1 model, allowing users to create, share, and design personalized AI chatbots. Users can also share their AI characters on social media platforms.
Earlier, due to a software update error, CrowdStrike caused about 8.5 million Windows computers worldwide to have blue-screen crashes, disrupting the normal operation of multiple industries such as aviation, banking and medical care. The impact on airlines was particularly severe, and Delta Air Lines was one of the biggest victims of this major system failure.
It is estimated that this incident caused Delta Air Lines losses of $350 million to $500 million. After nearly 7,000 flights were cancelled, Delta Air Lines is dealing with over 176,000 refund or compensation requests.
The eighth.$Meta Platforms (META.US)$In addition, Meta will release its second-quarter performance data after the close of trading on US Eastern Time on July 31. According to Visible ALPHA's compilation of Wall Street analyst estimated data, Facebook's parent company Meta Platforms is expected to report total revenue of approximately $38.35 billion for the second quarter of 2024, an increase of approximately 20% from the same period last year. Analysts generally expect net income of approximately $12.31 billion, or earnings per share of $4.71, an increase of approximately 58% from the same period last year.
Down 4.46%, with a turnover of 4.521 billion US dollars. Optical module analysts said that due to the production capacity of Broadcom's 100G and 200GEML optical chips, as well as the supply capacity of Finisar and Mitsubishi's 100GEML optical chips, the 200GEML optical chips are largely likely to be in short supply by 2025 due to the drive of large-scale shipments of 1.6T optical modules.
Ranked ninth.$Broadcom (AVGO.US)$The stock fell 4.46%, with a turnover of 4.521 billion US dollars. According to optical module analysts, due to the production capacity of Broadcom's 100G and 200GEML optical chips, and the supply capacity of Lumentum, Coherent, and Mitsubishi's 100GEML optical chips, there is a high probability of shortage of 200GEML optical chips by 2025, driven by large-scale shipments of 1.6T optical modules.
Ranked tenth.$Merck & Co (MRK.US)$Revenue and adjusted earnings per share for the second quarter exceeded Wall Street's expectations, thanks to strong sales of its flagship cancer drug Keytruda, other treatments in its oncology and vaccine combinations, and a new cardiovascular drug. Second-quarter revenue was $16.11 billion, up 7% year-on-year, with a market consensus estimate of $15.84 billion.
Second-quarter revenue and adjusted EPS have both exceeded Wall Street's expectations, due to strong sales of its heavyweight cancer drug Keytruda, other treatments in its oncology and vaccine combinations, and a newly launched cardiovascular drug. The revenue for the second fiscal quarter was 16.11 billion USD, a YoY increase of 7%, and the market expectation was 15.84 billion USD.
This pharmaceutical giant also raised its full-year sales forecast to $63.4 billion to $64.4 billion, slightly higher than the guidance of $63.1 billion to $64.3 billion provided by the company in April, due to increased demand for key products, especially oncology treatments. However, Merck lowered its adjusted earnings per share guidance from the previous $8.53 to $8.65 to $7.94 to $8.04 per share. The company said the adjustment reflected one-time costs associated with its acquisition of Harpoon Therapeutics and EyeBio, at $0.26 and $0.51 per share, respectively.
At the moment of the performance announcement, Merck was preparing to offset the loss caused by the expiration of Keytruda's patent in 2028 through a series of new trades and the launch of key drugs. This includes Winrevair, a drug approved in the United States in March for the treatment of a progressive and life-threatening lung disease. Some analysts predict that global sales of Winrevair will reach $5 billion by 2030. Capvaxive is another key product of Merck, a vaccine designed to protect adults from bacterial infections caused by pneumococcus, which can cause serious illnesses and lung infections. The vaccine was approved in the United States last month.
As of Monday's close, Merck's stock price has risen 17% year-to-date, outperforming most of its U.S. pharmaceutical peers and the S&P 500. However, as of press time, the stock fell more than 2% in pre-market trading on Tuesday.
11th place$Taiwan Semiconductor (TSM.US)$It fell by 3.42%, with a turnover of $3.406 billion. According to insiders, Taiwan Semiconductor will hold a groundbreaking ceremony for its first chip factory in Europe in Dresden, Germany next month. The factory is planned to be in operation by the end of 2027.
15th place.$PayPal (PYPL.US)$It rose 8.59%, with a turnover of $2.813 billion. The company's net revenue was $7.89 billion in the second quarter, above the market estimate of $7.82 billion. Its adjusted eps was $1.19, above the market expectation of $1.00. The total payment volume (TPV) for all its platforms increased by 11% to $416.81 billion during the period. The company raised its full-year adjusted profit forecast and expects the adjusted eps growth rate under Non-GAAP standards to reach "15% to 17%" in 2024, while the profit growth forecast disclosed in its April report was for a "mid-to-high-digit" increase.
Edited by Jeffrey