On Tuesday, Nvidia, the number one in US stock turnover, closed 3.78% higher and traded 42.785 billion US dollars. Bank of America said that the fall in Nvidia's stock price provided a buying opportunity. The long-term momentum was not damaged, and the target price was 150 US dollars. The 12th TSMC closed up 5.03% and traded $3.778 billion. According to reports, TSMC will increase its OEM quotes for 5nm and 3nm process chips in 2025.
Nvidia, the number one in US stock turnover, closed 3.78% higher on Tuesday, trading $42.785 billion. The stock closed down a sharp 6.4% on Monday due to reports that the launch of its Blackwell artificial intelligence (AI) chip will be delayed.
An Nvidia spokesperson said on Tuesday that production of its Blackwell series products is expected to increase in the second half of this year.
Analysts who are bullish on Nvidia's stock pointed out that the company's strength in the artificial intelligence industry is unrivaled, admitting that delays in product delivery may cause short-term fluctuations in the stock, but are still optimistic about Nvidia's long-term prospects. New Street Research raised Nvidia's rating to buy.
Bank of America claims that the fall in Nvidia's stock price provides a buying opportunity, and that long-term momentum has not been damaged, and the target price is 150 US dollars.
Furthermore, according to Nvidia's financial documents, relevant departments in the European Union, the United Kingdom, and China have requested information on its important chip sales, supply distribution, and investments in other companies.
According to sources to the media, the US Department of Justice has also begun investigating Nvidia's sales practices and will review one of the company's recent acquisitions. Currently, Nvidia is actively forming a team to respond to censorship and strengthen lobbying for Washington.
The second-place Tesla closed 0.88% higher at $14.617 billion. According to reports, Tesla recently filed a recall plan with the General Administration of Market Regulation in accordance with the requirements of the “Regulations on the Administration of Recalls of Defective Vehicle Products” and the “Implementation Measures on the Administration of Recalls of Defective Automobile Products”:
From now on, some imported Model S, Model X, and domestic Model 3 and Model Y electric vehicles with production dates between October 15, 2020 and July 17, 2024 will be recalled, totaling 168,3627 vehicles.
For some vehicles within the scope of this recall, after the front suitcase lid is unlocked, the front suitcase latch assembly system may not be able to detect that the front suitcase cover is unlocked, and the vehicle may not be able to issue a “front suitcase is not locked” reminder. In extreme cases, it may cause the front spare cover to be lifted when the vehicle is driving, affecting the driver's vision, increasing the risk of vehicle collision, and posing a safety hazard.
The third-place Apple closed down 0.97% to $14.401 billion. According to several Wall Street analysts, the news that the US court ruled that Google has illegally monopolized the search market is unlikely to have much impact on Apple in the short term.
Broker Bernstein rated Apple as “outperforming the market,” with a target price of $240. The bank's analyst, Toni Sacconaghi, said the ruling is unlikely to affect the approximately $20 billion annual payment Apple receives from Google because the final solution will take “years.”
Sacconaghi said Apple is likely to be forced to set search engine options for its Safari web browser and may get a usage rate “similar” to the current Google, which is around 36%. Additionally, Apple may eventually launch its own search engine as an option, and Sacconaghi said this could eventually bring growth to the company.
Bank of America reiterated its “buy” rating for Apple, with a price target of $256.
Fourth-place Meta Platforms closed 3.86% higher at $10.349 billion. After the company announced the financial report, the target price was raised by major banks. Among them, J.P. Morgan published a report stating that it reaffirmed Meta's “gain” rating. The target price was raised from $480 to $610, indicating that the company has performed well recently and believes it has invested appropriately in key long-term plans, especially AI.
Bank of America believes Meta is attractive because of strong growth and benefits from AI opportunities, raising the target price from $550 to $563, with a “buy” rating.
5th place Microsoft closed 1.13% higher at $10.011 billion. Soft recently announced that it will closely link safe work with employee performance evaluation. This initiative aims to elevate safety to the top priority of every employee and ensure that safety is given full attention and protection in all aspects of enterprise operations.
The 7th place AMD closed down 3.44% and traded $8.493 billion.
In 12th place, TSMC closed up 5.03% and traded $3.778 billion. According to reports, TSMC will increase its OEM quotes for 5nm and 3nm process chips in 2025. The report quoted people familiar with TSMC as saying that the world's leading chip manufacturing agency has told customers that the price increase is expected to be 3% to 8%.
According to the financial report released by TSMC last month, Q2 revenue was NT$673.51 billion (approximately USD 20.82 billion), up 40.1% year on year and 13.6% month on month, up 35.5% year on year; net profit was 247.845 billion NTD, up 36.3% year on year and 9.9% month on month, higher than analysts' average expectations of NT$235 billion.
The 14th place Uber closed 10.93% higher at $3.391 billion. Not only did Uber's Q2 revenue and profit exceed market expectations, but the company's mobile division's total bookings surged 23% year over year to $20.6 billion, the number of trips in the second quarter increased 21.5% year over year, and monthly active platform consumers (MAPC) increased 14%. Looking ahead to the third quarter, Uber expects bookings to be between $40.25 billion and $41.75 billion, slightly lower than the average market forecast of $41.18 billion.
Thanks to steady demand for ride-sharing and food delivery services, Uber's revenue and profit both exceeded market expectations.
The 16th Palantir closed 10.38% higher at $2.657 billion. Palantir's second-quarter revenue was $0.678 billion, up 27% year over year, with market expectations of $0.653 billion; net profit of $1.34, up 20% year over year; adjusted earnings per share of $0.09, with market expectations of $0.08.
According to Palantir's latest estimates, annual revenue was between 2.74 billion and 2.75 billion US dollars, and the previous forecast was 2.68 billion to 2.69 billion US dollars; revenue for the third quarter was between 0.697 billion US dollars and 0.701 billion US dollars, and the market forecast was 0.6791 billion US dollars.
18th CrowdStrike closed 4.34% higher at $2.441 billion. CrowdStrike is in deeper legal trouble as a result of a massive global computer outage last month.
According to a class action lawsuit filed in federal court in Austin, Texas, three passenger representatives alleged that the company had made serious mistakes during software testing and deployment, causing huge losses to passengers.
In the complaint, the plaintiff described in detail the various inconveniences and financial losses suffered as a result of the flight interruption, including additional expenses for accommodation, meals, and work delays and health problems due to the interruption of the itinerary.
They pointed out that in view of frequent flight disruptions due to similar technical reasons in the past, CrowdStrike should have anticipated the possibility of this interruption and bear compensatory and punitive liability for this.
CrowdStrike insisted in a statement: “We believe this case is unfounded and will vigorously defend the company.”
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