On Wednesday, US stocks had the highest turnover.$NVIDIA (NVDA.US)$Nvidia's market value increased by $329 billion on Wednesday, up 12.81%, with a turnover of $54.432 billion. Morgan Stanley analyst Joseph Moore and his team released a research report on Wednesday, expressing optimism about Nvidia's long-term growth potential. The market's concerns about it will weaken over time. Morgan Stanley has re-evaluated Nvidia's stock as a "top pick" and maintained its "shareholding" rating. The analyst believes that this round of sell-offs may be a very good buying opportunity and has set Nvidia's target stock price at $144.00, 38.8% higher than the Tuesday closing price. British hedge fund institution Man Group stated on Wednesday that the stock prices of the seven American technology giants, including Nvidia, are not too high and only need to generate relatively reasonable returns to prove the reasonableness of their valuations.

Morgan Stanley analyst Joseph Moore and his team released a research report on Wednesday, expressing optimism about Nvidia's long-term growth potential. Morgan Stanley has re-evaluated Nvidia's stock as a "top pick" and maintained its "shareholding" rating. The analyst believes that this round of sell-offs may be a very good buying opportunity and has set Nvidia's target stock price at $144.00, 38.8% higher than the Tuesday closing price.

The analyst believes that this round of sell-offs may be a very good buying opportunity and has set Nvidia's target stock price at $144.00, 38.8% higher than the Tuesday closing price.

During the current technology correction in the US stock, Nvidia's stock price fell by more than 16% over the past month. Nevertheless, the computing power giant has received support from Wall Street's major institution Morgan Stanley.

Man Group stated on Wednesday that the stock prices of the seven American technology giants, including Nvidia, are not too high and only need to generate relatively reasonable returns to prove the reasonableness of their valuations.

The second.$Microsoft (MSFT.US)$Microsoft's fourth-quarter revenue was $64.727 billion, up 15% year-on-year, with a net income of $22.036 billion, up 10% year-on-year. Diluted earnings per share were $2.95, up 10% year-on-year. Microsoft's fourth-quarter revenue and diluted earnings per share both exceeded Wall Street analysts' previous expectations, but its outlook for the Azure revenue growth rate in the first quarter of fiscal year 2025 did not meet expectations.

Microsoft's fourth-quarter revenue and diluted earnings per share both exceeded Wall Street analysts' previous expectations, but its outlook for the Azure revenue growth rate in the first quarter of fiscal year 2025 did not meet expectations.

The third.$Advanced Micro Devices (AMD.US)$AMD's stock price rose 4.36% on Tuesday, with a turnover of $16.702 billion. After the release of its financial report, AMD predicted that the sales of data center GPUs would reach $4.5 billion in 2024, higher than the previous estimate of $4 billion; Microsoft increased its use of MI300 chips; the revenue of MI300 chips exceeded $1 billion in the second quarter. The outlook indicates that AI chips are helping to boost growth.

AMD expects third-quarter revenue to reach $6.7 billion, up 16% year-on-year; it is expected that sales of data center GPUs will reach $4.5 billion in 2024, higher than the previous estimate of $4 billion.

AMD CEO Su Zifeng said, "We achieved strong revenue and profit growth in the second quarter, mainly due to record revenue from the data center business. Our AI business continues to accelerate, and we expect strong revenue growth in the second half of the year driven by the demand for Instinct, EPYC and Ryzen processors."

Bank of America lowered its target price for AMD from $195 to $180.

Ranked fourth.$Tesla (TSLA.US)$Tesla's stock price fell 1.08% on Tuesday, with a turnover of $17.894 billion. The National Highway Traffic Safety Administration (NHTSA) of the United States announced on Tuesday that Tesla will recall more than 1.8 million electric vehicles in the United States because the software cannot detect an unlatched hood, which may suddenly open while driving, obstructing the driver's view and increasing the risk of collision.

The recall involves Model 3, Model S, Model X produced from 2021 to 2024, and Model Y produced from 2020 to 2024. The number of affected vehicles reached nearly 1.85 million.

It is reported that Tesla has released a remote software update for the car to address this issue, and affected car owners will receive a notice from Tesla before September 22, 2024.

Apple rose 1.50% to fifth place, with a turnover of $10.895 billion. Apple CEO Tim Cook stated on social media platform X on Wednesday that "Apple Intelligence" will open up a world full of new possibilities for users. I am pleased to see our developers starting to use it for development. It is reported that on Monday of this week, Apple released developer preview versions of iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1, allowing users to experience some of the features of "Apple Intelligence", which is currently only available to Apple developers.

The sixth.$Meta Platforms (META.US)$Facebook and Instagram's parent company has agreed to pay $1.4 billion to the government of Texas to settle a major lawsuit alleging that the tech giant illegally used facial recognition technology to collect biometric data from millions of Texans without their formal consent.

The lawsuit, filed in 2022, is the first significant case brought under the Texas Biometric Privacy Act of 2009, according to the law firm tracking the litigation. The law stipulates that each violation can result in a compensation amount of up to $25,000.

Meta Platforms launched a new model, SAM 2 (Segment Anything Model 2), that can segment videos on Tuesday. SAM 2 integrates image segmentation and video segmentation capabilities into one model. The so-called "segmentation" refers to distinguishing specific objects and backgrounds in videos and being able to track targets.

The seventh.$Amazon (AMZN.US)$Amazon will announce its second-quarter results. UBS Group released a research report on Wednesday, stating that the market focus in the past few years has been mainly on the company's profit margin expansion.

Looking ahead, UBS predicts that Amazon will adopt a more aggressive investment strategy, believing that capital expenditures on AWS will increase and increase investment in the food and grocery business expansion, as well as the deployment of the satellite network service Project Kuiper.

UBS expects management to reveal more details of capital expenditures, which can predict the potential for future revenue growth of AWS. UBS maintains a 'Buy' rating on Amazon, raising its target price from $217 to $224, pushing valuation parameters forward to the third quarter of 2025 to the second quarter of 2026, and raising earnings per share forecasts for 2024 to 2026 by 4%, 5%, and 5%.

The eighth.$Broadcom (AVGO.US)$Up 11.96%, trading at $7.249 billion.

Ranked ninth.$Alphabet-A (GOOGL.US)$Up 0.73%, trading at $4.411 billion. According to reports, Apple is using Tensor processing units (TPUs) developed by Google instead of graphic processing units (GPUs) widely used by Nvidia to build two key components of Apple Intelligence.

The 12th.$Taiwan Semiconductor (TSM.US)$Up 7.29%, trading at $3.253 billion. Taiwan Semiconductor confirmed on Tuesday that it will hold a groundbreaking ceremony for its new German plant on August 20 and continue to carry out land consolidation. Construction is expected to begin before the end of this year and production is planned to begin at the end of 2027.

Ranked thirteenth.$Boeing (BA.US)$Up 2%, trading at $2.955 billion. The company's quarterly losses continued to expand to $1.44 billion, and its troubled defense and aerospace businesses have exacerbated the financial pressures of the US aircraft manufacturer. The company has reduced production of commercial aircraft to cope with the quality crisis.

According to its financial report, Boeing's revenue for the second quarter was $16.87 billion, a year-on-year decrease of 14.6%, lower than market expectations; net loss was $1.44 billion, compared with $0.149 billion in the same period last year. Under non-GAAP accounting standards, the loss per share was $2.90, exceeding market expectations, compared with $0.82 in the same period last year.

Boeing's defense, space, and security sector, one of the company's three major businesses, has lost billions of dollars in both 2023 and 2022. Company executives attribute it to the cost overrun of fixed-price contracts.

Boeing also announced an adjustment to its CEO selection, appointing former CEO of Rockwell Collins, Kelly Ortberg, as the new President and CEO of the company. Ortberg will take office on August 8th.

Ranked 18th. Fell 1.56%, with a turnover of 2.175 billion US dollars. The company's statistics show that in the first quarter of 2024, its net income was $8.22 billion, a year-on-year decrease of 28%. It is analyzed that the main reason for the decline in profit is the fall in natural gas prices and the deterioration of refinery profit margins.$Merck & Co (MRK.US)$Down 1.84%, trading at $2.59 billion. Merck released its Q2 2024 results, with revenue of $16.11 billion, up 7% year on year. Sales of the HPV vaccine (Gardasil/Gardasil 9) totaled $2.48 billion, up just 1% year on year.

In the first half of last year, Merck's HPV vaccine sales reached $4.43 billion, an increase of 41% year on year. In the first quarter of 2024, sales of Merck's HPV vaccine were $2.249 billion, and growth has slowed to 14%.

Merck said the main reason for the growth was the increase in prices, demand and improved procurement models in the public sector of the US market, resulting in increased sales in the US market and increased demand in certain markets outside the US. However, compared with the same period last year, sales in the Chinese market have fallen somewhat due to shipping arrangements, which has largely offset the growth impact.

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