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 Monday, the top-ranked stock in terms of transaction volume in the US was Nvidia, which fell 2.25% with a turnover of $42.158 billion. Tesla, the second-ranked stock, fell 3.22% with a turnover of $12.67 billion. PDD Holdings, the third-ranked stock, fell 28.51% with a turnover of $10.508 billion.
Ranked first in trading volume on Monday's US stock market. $NVIDIA (NVDA.US)$ It fell 2.25%, with a turnover of $42.158 billion. Nvidia will release its second quarter financial report for fiscal year 2025 on Wednesday Eastern Time, with the market average predicting that the company's revenue is expected to more than double. Nvidia's stock price has already soared more than 150% this year, increasing its market cap by $1.82 trillion and also driving the S&P 500 index to record highs.
As of August 23, according to data from the London Stock Exchange Group (LSEG), Nvidia's second quarter revenue is expected to increase by about 112% year-on-year to $28.68 billion. However, due to the increasing production costs to meet the growing demand, its adjusted gross margin may decline by more than 3 percentage points from the first quarter to 75.8%.
Ranked second $Tesla (TSLA.US)$ Fell by 3.22%, with a turnover of $12.67 billion. On Monday, most electric vehicle stocks declined.
According to reports, former U.S. President Trump stated that Elon Musk, CEO of Tesla and SpaceX, needs to operate his multiple companies, hence, may not be able to serve in his envisioned White House cabinet.
Trump said in an interview: 'Musk wants to get involved. It is widely known that he operates multiple large enterprises, so, to be honest, I don't think he can enter the cabinet. I would definitely let him into the cabinet, but I don't know how he could do it with so many affairs.'
If Trump defeats Democratic candidate Kamala Harris in the November election, his remarks may lead him to withdraw from the alliance newly formed with Musk.
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. $PDD Holdings (PDD.US)$ Dropped by 28.51%, marking the largest single-day drop since its listing, with a turnover of $10.508 billion and a market cap evaporating over $55 billion. Data shows that in the second quarter, PDD's total revenue was 97.06 billion yuan, an 86% year-on-year growth, below the market expectation of 99.99 billion yuan; net income attributable to PDD ordinary shareholders was 32.009 billion yuan, an increase of 144% year-on-year; non-GAAP net income attributable to PDD ordinary shareholders was 34.4321 billion yuan, an increase of 125% year-on-year.
Compared to the first quarter, PDD's revenue and net income in the second quarter both experienced a decline in year-on-year growth rate.
PDD Holdings Chairman and Joint CEO Chen Lei emphasized during a performance exchange meeting after the financial report was released that the company's short-term profits may fluctuate, but the general direction of declining profits is inevitable. At the same time, the company is still in the investment period, facing fierce competition in various business aspects, and it is not appropriate to distribute dividends or buy back shares at the capital level, and there is no need for this in the next few years.
The fourth most traded stock rose 1.72%, with a transaction volume of $9.743 billion. According to sources, a department of the Competition Commission of India (CCI) has launched a preliminary investigation into Apple this year, finding that Apple has had a significant impact on consumers in providing digital products and services. The focus of the investigation is that Apple is suspected of abusing its dominant position in the app market, forcing developers to use its proprietary in-app purchase system, which costs up to 30%. $Advanced Micro Devices (AMD.US)$ The stock fell by 3.22%, with a transaction volume of 7.551 billion US dollars. According to reports, South Korean SK Hynix will develop HBM4 memory for two major clients, Nvidia and AMD, within 2024.
Ranked fifth, up 0.19%, trading at $6.813 billion. Wedbush Securities said that with the performance of companies like Microsoft and AMD, investors' concerns about the monetization of artificial intelligence by a few companies should be alleviated. He said that the performance of Microsoft and AMD 'further convinces us that the AI monetization era is here.' $Apple (AAPL.US)$ The stock rose by 0.15%, with a transaction volume of 6.918 billion US dollars. Apple officially announced that it will hold a special event at 1:00 a.m. Beijing time on September 10th at its headquarters in Cupertino, California, with the theme "It's Glowtime". This event is expected to launch the latest iPhone, Watch, and AirPods.
Well-known tech journalist Mark Gurman claimed that the fall event was actually postponed by one day, mainly because on that day (September 10th, US Eastern Time), Vice President Harris and Republican presidential candidate Trump would hold their first televised debate. With the US election approaching its decisive moment, this debate has attracted the attention of the world, and Apple also had to temporarily retreat.
Ranked seventh. $Super Micro Computer (SMCI.US)$ Fell 8.27%, with a turnover of $5.202 billion. Most popular tech stocks in the US stock market fell on Monday.
$Meta Platforms (META.US)$ Fell 1.30%, with a turnover of $4.988 billion. According to reports, Meta Platforms CEO Mark Zuckerberg and Spotify CEO Daniel Ek criticized the regulations on open-source artificial intelligence in Europe, stating that the continent could fall behind due to complex rules.
In a joint statement last Friday, the two CEOs stated that Europe has more open-source developers than the United States and is fully capable of harnessing the wave of open-source artificial intelligence. However, the European tech industry faces "overlapping regulations and inconsistent compliance guidance" rather than clear rules.
Given the current regulations, Meta will not be able to launch its upcoming artificial intelligence models in Europe, such as the Llama multimodal model with image understanding capabilities.
Ranked twelfth, down 0.84%, trading at $2.587 billion. Huafu Securities released a research report stating that according to the recently announced Google antitrust judgment, Google pays Apple to become the default search engine for Safari browsers. $Alibaba (BABA.US)$ Decreased by 4.27%, with a turnover of 2.389 billion US dollars. Alibaba Group Holding has converted its second listing in Hong Kong into a dual primary listing, sharing the listings with Hong Kong Exchange. This will allow the Chinese internet giant to participate in the Hong Kong Stock Connect program, through which mainland investors can purchase stocks on the Hong Kong Exchange. Morgan Stanley stated that Alibaba's dual primary status in Hong Kong may lead to an initial inflow of 1.2 billion US dollars from the mainland.
19th place $Exxon Mobil (XOM.US)$ Increased by 2.14%, with a turnover of 1.618 billion US dollars. Exxon Mobil Corporation stated on Monday that global oil demand is expected to stabilize at over 0.1 billion barrels per day by 2050. If no new oil projects are invested in, oil supply might drop by 70% to 30 million barrels per day by 2030, leading to a surge in oil prices and significant global economic impact. WTI crude oil rose by over 3.7% at one point on Monday, while Brent crude rose by over 3.2%.
The company predicts that global oil demand by 2050 will remain at the current levels, or even slightly higher, indicating that achieving the goal of net zero carbon emissions by 2050 may be very challenging.
Exxon Mobil, in its annual 'Outlook for Energy' released on Monday, August 26 in Eastern time, stated that due to growth in industrial applications like plastic production and heavy transportation, oil demand is expected to remain above 0.1 billion barrels per day by 2050.
This forecast is in stark contrast to the International Energy Agency's (IEA) proposed "net-zero emissions scenario," which requires a significant 75% reduction in daily oil demand to 24 million barrels by 2050 in order to limit global temperature rise to within 1.5 degrees Celsius above pre-industrial levels and meet the requirements of the Paris Climate Agreement.
Editor/rice