Source: Global Market Report On Monday, the turnover of US stocks ranked first, closing up 0.75% with a turnover of $38.014 billion. Since the opening on June 10, Nvidia's stock has been trading at adjusted prices after the split. The overall value of Nvidia is not expected to change after the split, and the lower stock price will make it easier for investors to reach. In terms of product structure, the operating income of 10-30 billion yuan products is respectively 401/1288/60 million yuan.
On Tuesday, Nvidia, with a transaction volume of $38.161 billion, fell by 2.12%, Tesla, with a transaction volume of $16.465 billion, fell by 0.73%, and AMD, with a transaction volume of $12.098 billion, rose by 0.72%.
The top-traded US stock on Tuesday $NVIDIA (NVDA.US)$ It fell by 2.12%, with a transaction volume of $38.161 billion. The stock had already risen for six consecutive trading days, and its price had increased by more than 30% from the low point in early August.
Investors are currently most concerned about whether Nvidia can continue to rise in the future. Goldman Sachs believes that there is a huge potential catalyst for Nvidia's stock: the company will release its second-quarter earnings report next Wednesday (28th) Eastern Time.
Goldman Sachs analyst Toshiya Hari is generally optimistic about this financial report. In the latest report, he pointed out that due to strong demand from large cloud service providers and enterprise customers, Nvidia will continue to maintain its strong position in the fields of AI and accelerated computing.
Goldman Sachs continues to maintain its "buy" rating for Nvidia, with a target price of $135, which means that the bank predicts that Nvidia can rise by 4% from the current level.
The second.$Tesla (TSLA.US)$It fell by 0.73%, with a transaction volume of $16.465 billion. On August 20th local time, the European Commission decided to impose a separate import tax rate on Tesla, which is currently set at 9%.
Ranked third, up 0.71%, trading at $8.267 billion. According to media reports, the Apple iPhone 16 series has entered full-scale production, and Foxconn's Zhengzhou factory is expanding its workforce to meet production targets. The expected sales target for iPhone 16 series this year is 90 million units, with a hope to achieve 95 million units. $Advanced Micro Devices (AMD.US)$ It rose by 0.72%, with a transaction volume of $12.098 billion. AMD announced on Monday that it will acquire ZT Systems, a large-scale AI and cloud storage service provider. AMD CEO Su Zifeng said: "The acquisition of ZT Systems marks an important step for our long-term AI strategy."
According to AMD's announcement, ZT Systems provides AI infrastructure to the world's largest large-scale computing companies. This transaction marks the next important step in AMD's AI strategy, which is to provide leading training and inference solutions based on cross-chip, software and system solutions.
The transaction has now been unanimously approved by AMD's board of directors, and the acquisition is expected to be completed in the first half of 2025, subject to approval by some regulatory agencies and satisfaction of other transaction conditions. AMD will seek strategic partners to sell ZT Systems' US data center infrastructure manufacturing business.
Microsoft's ARM architecture AI notebook is expected to have an annual shipment growth rate of up to 534% in 2025, according to Omdia's latest analysis.
Recently, Goldman Sachs, Barclays and Redwood Capital, three well-known financial institutions, have issued warnings stating that spending on AI is too high but the return is too low in the current AI field. Parent company Meta Platforms such as Facebook has invested heavily in infrastructure, including purchasing high-end chips, constructing data centers and investing in power supply, to maintain its lead in the AI field. Meta expects its annual capital expenditures to expand to $40 billion. Although no one is currently comparing the AI boom with the hype bubble of cryptocurrencies a few years ago, a major problem with AI is that the benefits of technological progress may not appear for some time.
Ranked fourth.$Microsoft (MSFT.US)$It rose by 0.78%, with a transaction volume of $6.937 billion.
Ranked sixth, up 1.86%, trading at $5.412 billion. Recently, a heavy news has emerged in the field of cybersecurity research. A major security vulnerability lasting for decades has been found in AMD processors, named 'Sinkclose' by the security company IOActive. This vulnerability is deeply hidden in the firmware of the chip and may allow malware to deeply infect computer memory, posing a serious threat to system security. $Palo Alto Networks (PANW.US)$ It rose by 7.18%, with a transaction volume of $4.724 billion. The company's fourth-quarter revenue increased by 12% year-on-year to $2.189 billion, slightly higher than the market's expected $2.16 billion; non-GAAP net profit was $522 million, a year-on-year increase of 8%; diluted EPS was $1.51, higher than the market's expected $1.41.
Previously, by competitors.$CrowdStrike (CRWD.US)$The Blue Screen event caused by Microsoft, a competitor, has attracted additional attention to Palo Alto's performance. This event has prompted the market to speculate whether CrowdStrike's customers will turn to competitors, including Palo Alto Networks, or whether it will negatively affect the entire cybersecurity industry.
From the latest performance and outlook data of Palo Alto Networks, the impact of the Microsoft Blue Screen event on the cybersecurity market seems to be relatively limited. The company emphasized that the downtime event has brought attention to the network security field and brought new development opportunities to the company.
The seventh.$Eli Lilly and Co (LLY.US)$It rose by 3.05%, with a transaction volume of $4.708 billion. Lilly announced on its official website on Tuesday that its flagship GLP-1 drug teriparatide significantly reduces the risk of type 2 diabetes in adults with prediabetes and overweight or obesity by 94%.
In addition to reducing the risk of type 2 diabetes, the latest research results also show that teriparatide can bring sustained weight loss throughout the entire treatment period.
In addition, Lilly and Organon have expanded the commercialization agreement for the migraine drug Emgality (galcanezumab) to another 11 markets. Organon will pay Lilly a prepayment of $22.5 million and installment payments based on sales. Data shows that Emgality is suitable for adult preventive treatment of migraines and in some markets for the treatment of cluster headaches.
The eighth.$Amazon (AMZN.US)$It rose by 0.37%, with a transaction volume of $4.681 billion. On Tuesday, there were reports pointing out that compared with other large technology stocks, Amazon's large-scale investment in artificial intelligence was at the cost of sacrificing profits.
James Abate, Chief Investment Officer of Centre Asset Management, said: "Investors are concerned that the increase in capital expenditures will affect cash flow. Compared with increasing investment, Amazon's stock price tends to perform better when it focuses on improving its profitability."
Rank 11 $Netflix (NFLX.US)$ Rising 1.45%, with a turnover of 3.367 billion US dollars. Netflix said on Tuesday that the company’s early advertising revenue commitments have increased by more than 150% year-on-year. Part of the reason is that the National Football League (NFL) games will land on the platform on Christmas Day. In the second year of early negotiations - network and media companies aim to compete for advertising commitments for upcoming programs - Netflix has successfully reached advertising agreements with all major holding companies and independent institutions.
13th place. $Alphabet-A (GOOGL.US)$ Up 0.31%, with a turnover of 3.069 billion US dollars. Google announced in an email to developers on Monday that due to the overall improvement in the security of the Android operating system and the progress in strengthening its functions, the number of vulnerabilities available to security researchers has decreased. Therefore, it has decided to end the GPSRP program. The program will officially end on August 31, and vulnerability reports submitted prior to this will be evaluated before September 15. The final reward decision will be made at the end of September. The GPSRP program was launched in 2017 to encourage developers and security researchers to discover vulnerabilities in popular Android apps and provide corresponding rewards.
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 $8.22 billion, a year-on-year decrease of 28%. It is analyzed that the main reason for the decline in profit is the fall in natural gas prices and the deterioration of refinery profit margins.$Exxon Mobil (XOM.US)$Falling 3.33%, with a turnover of 1.806 billion US dollars. Oil analysts said that in the first half of 2024, overseas oil giants’ performance was generally under pressure due to factors such as natural gas price declines and refining profit declines. Among the five major oil giants, Exxon Mobil's net income attributable to the parent company fell by 9.6% year-on-year.
Editor / jayden