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.

The top-traded US stock on Tuesday $NVIDIA (NVDA.US)$ The stock rose 1.53%, with a turnover of $28.682 billion. Nvidia CEO Jensen Huang will speak at the Goldman Sachs conference in San Francisco on Wednesday, where questions about Blackwell will be a focus of attention. He is scheduled to speak with Goldman Sachs CEO David Solomon at 7:20 AM local time.

Nvidia investors are eagerly awaiting the latest developments on the company's Blackwell chip development, hoping for a catalyst to stop the stock's decline. The next-generation processor was announced six months ago, but its release was delayed due to engineering issues.

Although CEO Jensen Huang tried to reassure the market last month by stating that revenue from the chip will arrive soon, some investors still want more details. This, combined with concerns about the overall macroeconomic environment, has caused the stock to drop 13% since the earnings report.

The second.$Tesla (TSLA.US)$The stock rose 4.58%, with a turnover of 17.552 billion US dollars. The European Union is reportedly planning to reduce the import tax rate on electric cars imported from China.

In addition, according to reports, Deutsche Bank analyst Edison Yu has given a "buy" rating on Tesla stock for the first time on Tuesday, with a target price of $295, and advises investors not to be concerned about the "temporary" weakness in vehicle deliveries and profit margins.

He believes that Tesla is not just an automobile company, so he has a different perspective on the valuation of Tesla's stock. He said, "Fundamentally, we do not see Tesla as an auto manufacturer, but as a technology platform that is trying to reshape multiple industries, deserving a unique valuation framework."

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. $Apple (AAPL.US)$ The stock fell 0.36%, with a turnover of 11.324 billion US dollars. The European Court ruled on the 10th that Apple Inc. of the United States must pay 13 billion euros (about 14.4 billion US dollars) in taxes to Ireland. At the same time, it upheld the 2.4 billion euros fine imposed on Google Inc. of the United States for abuse of its dominant position to suppress competitors. The European Court's statement confirms the maintenance of the European Commission's 2016 ruling that Apple must pay 13 billion euros in tax benefits to Ireland.

The European Court also rejected Google's appeal on the same day and upheld the European Commission's 2017 ruling that Google abused its dominant position and favored its own shopping service "Google Shopping", imposing a fine of 2.4 billion euros.

Ranked fourth.$Microsoft (MSFT.US)$Up 2.09%, with a turnover of $8.096 billion. Microsoft will hold a summit on Tuesday local time to discuss measures to improve cybersecurity systems. In July of this year, CrowdStrike's software update failed, resulting in the outage of IT systems in multiple locations around the world.

This meeting marks an important first step for Microsoft in addressing the issues that affected nearly 8.5 million Windows devices on July 19, disrupting operations in industries ranging from major airlines to banks and medical care.

Delta Air Lines said that after the outage caused a large number of flight cancellations and resulted in a loss of at least $0.5 billion to the airline, the company is making legal claims against CrowdStrike and Microsoft.

The sixth.$Oracle (ORCL.US)$Up 11.44%, with a turnover of $5.858 billion. The company's first quarter revenue, profit, and highly anticipated cloud infrastructure revenue all exceeded expectations, stating that it is with $Amazon (AMZN.US)$ The multi-cloud agreement signed by AWS was a "milestone" event. The company's Q1 revenue increased by 7% YoY to $13.3 billion, with analysts expecting $13.23 billion; among them, the highly anticipated cloud infrastructure revenue increased by 45% YoY to $2.2 billion, with analysts expecting $2.18 billion. Non-GAAP net income increased by 18% YoY to $4 billion, while GAAP net income was $2.9 billion.

The company has signed a multi-cloud agreement with Amazon AWS. The latest version of Oracle's Exadata hardware and database software, version 23ai, will be embedded in AWS cloud datacenters. When it goes live in December of this year, AWS customers will have easy access to Oracle databases.

Ranked seventh. $JPMorgan (JPM.US)$ It fell 5.19% with a single day drop in 4 years, with a turnover of $5.823 billion. The company's President and COO, Daniel Pinto, said at an industry conference that external analysts' forecasts for the bank's spending and net interest income next year were too optimistic.

Pinto mentioned that the external figure for JPMorgan's net interest income (NII) is $89.5 billion, which is "unreasonable" given the rate expectations, and the actual number will be lower. Pinto's comments have heightened analysts' pessimistic expectations for large US banks. David Solomon, the CEO of Goldman Sachs, said on Monday that trading revenue for the third quarter is expected to fall by 10%.

The eighth.$Broadcom (AVGO.US)$Up 5.25%, traded at $5.295 billion. Recently, Broadcom released its FY2024Q3 earnings conference. The company's CEO stated that in FY24 Q3, the company's consolidated net income was $13.1 billion, a year-on-year increase of 47%, and operating profit increased by 44% year-on-year. Among them, the revenue of the semiconductor solutions division was $7.3 billion, accounting for 56% of the total revenue this quarter, an increase of 5% year-on-year. The gross margin of the semiconductor solutions division was approximately 68%, a decrease of 270 basis points year-on-year, mainly due to the impact of more custom AI accelerator combinations. Due to increased research and development investment, operating expenses increased by 11% year-on-year, reaching $0.881 billion, and the operating margin of the semiconductor division was 56%.

Broadcom stated that various signs clearly indicate that the semiconductor has passed the trough. In the non-AI field, non-AI semiconductor demand in Q3 increased by 20%, and continued recovery is expected in Q4. Company executives stated that the demand for AI remains strong, and AI revenue in Q4 is expected to increase by 10% month-on-month, exceeding $3.5 billion. This will bring the AI revenue for FY24 to over $12 billion, higher than the previous expectation of over $11 billion.

Broadcom's senior management stated that semiconductor revenue in Q4 is expected to be approximately $8 billion, an increase of 9% year-on-year, and infrastructure software revenue is expected to be approximately $6 billion. Therefore, the company expects comprehensive revenue in Q4 to be approximately $14 billion, a 51% year-on-year increase. The company stated that this will drive the adjusted EBITDA in Q4 to about 64% of the revenue, indicating an increase in the revenue forecast for FY24 to $51.5 billion and an increase in the adjusted EBITDA as a percentage of annual revenue to 61.5%.

Rank 11 $Alphabet-A (GOOGL.US)$ Down 0.03%, traded at $4.641 billion. Google, entangled in antitrust lawsuits, lost in the final ruling in the European Union. Today, the European Court announced the retention of the original judgment and imposed a fine of 2.4 billion euros on Google, punishing Google for displaying its own shopping service with high rankings in search engines while suppressing the rankings of competitors and abusing its monopoly power to attack competitors.

Google failed to overturn the European Union's ruling to fine it 2.4 billion euros for antitrust behavior.

On the morning of September 10, local time in Europe, the European Court of Justice announced that it upheld the lower court's ruling and fined Google 2.4 billion euros ($2.6 billion) to punish its abuse of monopoly power to suppress competitors. This final ruling means that Google can no longer appeal.

Ranked 14th.$Exxon Mobil (XOM.US)$Fell 3.64%, with a turnover of $2.331 billion. The international crude oil price fell sharply on Tuesday, putting pressure on the oil sector.

In addition, according to reports, Exxon Mobil closed the Hoover oil platform in the Gulf of Mexico due to the impact of the storm. The intensity of the tropical storm 'Francine' moving northward in the Gulf of Mexico has increased, prompting oil drilling companies to evacuate workers and suspend some offshore oil production. At the same time, the U.S. Coast Guard has warned shipping companies of the imminent high winds.

According to US government forecasters in a statement issued on September 9th at 1pm Houston time, 'Francine' is expected to hit the coastal areas of the Gulf of Mexico with strong winds and heavy rain, and is predicted to become a full-fledged hurricane landing by Wednesday.$Chevron (CVX.US)$Exxon Mobil and$Shell (SHEL.US)$and other companies have taken measures such as evacuating workers from affected facilities, suspending drilling activities, and shutting down some oil wells.

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 $8.22 billion, a year-on-year decrease of 28%. It is analyzed that the main reason for the decline in profit is the fall in natural gas prices and the deterioration of refinery profit margins.$Eli Lilly and Co (LLY.US)$Fell 0.77%, with a turnover of $1.742 billion. Eli Lilly and Co. announced that its senior internal finance expert, Lucas Montarce, will take over as Chief Finance Officer, effective immediately. This personnel change comes at a critical moment as Lilly is investing billions of dollars to expand production to meet the surging demand for its diabetes and weight loss drugs, such as Mounjaro and Zepbound. Despite FDA approval for Lilly's drugs, there is still a shortage of supply.

Ranked 20th. $Goldman Sachs (GS.US)$ Fell 4.39%, with a turnover of $1.676 billion. Goldman Sachs CEO David Solomon warned on Monday that trading business revenue in the third quarter is expected to decline by 10%.

Editor/Rocky