Source: Global Market Report

No. 1 in US stock turnover on Wednesday$NVIDIA (NVDA.US)$It closed 8.15% higher, the biggest one-day increase since August, and traded $49.652 billion. Nvidia CEO Hwang In-hoon said on Wednesday that Nvidia products have now become the most sought-after products in the tech world, and customers compete for limited supply, especially the limited growth rate of the Blackwell AI chip, causing some customers to be frustrated. He also hinted that Nvidia would reduce the number of responses if necessary$Taiwan Semiconductor (TSM.US)$Reliance is shifting to other chip manufacturing suppliers.

Speaking to the audience at a tech conference hosted by Goldman Sachs Group in San Francisco, there is strong demand for its latest generation AI chip, Blackwell. Currently, Nvidia is outsourcing Blackwell's production, and he said Nvidia suppliers are doing their best to keep up with demand and make progress.

Furthermore, the report said that the US government is considering allowing Nvidia to export advanced chips to Saudi Arabia, which may help the country train and run the most powerful AI models. Some people working for the Saudi Data and AI Authority said Saudi Arabia is working to comply with US security requirements to speed up the process of obtaining these chips.

Second place$Tesla (TSLA.US)$It closed up 0.87% and traded $18.604 billion. According to information from the Thai side, Tesla has already cancelled plans to build an electric vehicle factory in Southeast Asia. The factory implementation team that was originally sent to Thailand has been evacuated. Currently, they are only considering building infrastructure such as charging stations in the area. Apart from China, the US, and Germany, Tesla will not build a new gigafactory in Thailand, Malaysia, Indonesia, or anywhere else.

Soon, this information was confirmed by senior Malaysian officials. Malaysian Prime Minister Anwar responded that Tesla's decision to postpone its expansion plans in Malaysia was not due to poor performance in Malaysia, but because of intense competition between Tesla and Chinese car companies. Malaysia's Minister of Investment, Trade and Industry, Zafr also said that Tesla suspended plans to set up a factory because they lost market orders, making it difficult to compete with Chinese car companies.

3rd place $Apple (AAPL.US)$ It closed 1.16% higher at $9.867 billion. Market research firm TechInsights released a report on Wednesday that Apple's iPhone 16 series is expected to be shipped more than its predecessor, and global shipments are expected to reach 73 million units in 2024.

Furthermore, the agency expects the iPhone 16 Pro Max to become the top seller of the iPhone 16 series, accounting for 35% of total sales. The agency says this is due to its larger display, A18 Pro chip, and appeal to high-end users.

According to another report, the European Court of Justice ruled on the 10th that Apple of the United States must pay 13 billion euros (about 14.4 billion US dollars) in additional taxes to Ireland. Meanwhile, uphold the 2.4 billion euro fine faced by the US company Google for abusing its monopoly power to suppress rivals.

The European Court of Justice's statement confirmed the European Commission's 2016 ruling that Apple must pay an additional 13 billion euro tax credit to Ireland.

According to an agreement previously reached between Apple and the Irish government, Apple's European business can enjoy ultra-low tax rates. In 2016, the European Commission ruled that the low tax rate enjoyed by Apple was inconsistent with relevant EU rules and required additional tax payments.

Fourth place$Microsoft (MSFT.US)$It closed 2.13% higher at $8.085 billion. There are reports that Microsoft CEO will discuss the next phase of CoPilot (development issues) on September 16.

On September 10, local time, Microsoft and Quantinum, a leading quantum computing company, announced a major breakthrough. They successfully entangled the most 12 logical qubits in history, created the highest level of computational fidelity in history, and showcased quantum error correction technology.

5th place$Amazon (AMZN.US)$It closed 2.77% higher at $7.724 billion. Amazon said on Wednesday it would invest £8 billion ($10.5 billion) to develop its cloud business in the UK. This is one of the company's recent series of expansions in Europe, and has brought a much-anticipated investment to Britain's recently inaugurated Labour government.

The UK Treasury said in an email statement that Amazon Web Technologies' five-year investment in data centers will support up to 14,000 jobs and contribute 14 billion pounds to the UK GDP between 2024 and 2028.

Amazon has committed tens of billions of dollars to expand AWS globally, and this year it also announced similar long-term projects in Germany, Mexico, the US, Saudi Arabia, and Singapore. As the world's largest provider of cloud computing services and data storage, AWS is facing increasingly fierce competition from competitors such as Microsoft.

6th place $Advanced Micro Devices (AMD.US)$ It closed 4.91% higher at $7.42 billion. AMD recently unveiled a new laptop video card on its official website, the RX 7800M for high-end gaming books.

7th place$Broadcom (AVGO.US)$It closed up 6.79% and traded $6.14 billion. Broadcom recently reported that revenue for the third fiscal quarter was 13.072 billion US dollars, a year-on-year increase of 47%. The company expects revenue for the fourth fiscal quarter to be approximately $14 billion, or a 51% year-on-year increase.

9th $Alphabet-A (GOOGL.US)$ It closed 1.68% higher at $4.443 billion. The European Court of Justice rejected Google's appeal on Tuesday, upholding the European Commission's 2017 ruling that it abused its dominant position and favoured its own shopping service “Google Shopping,” and imposed a fine of 2.4 billion euros.

10th$Super Micro Computer (SMCI.US)$It closed 7.92% higher at $3.147 billion. Analysts at J.P. Morgan recently downgraded the company's rating from “surplus” to “neutral,” and cut the target price by almost half to $500.

14th $Taiwan Semiconductor (TSM.US)$ It closed 4.80% higher at $2.507 billion. On Tuesday, TSMC announced strong sales results for August — sales increased approximately 33% year over year to NT$250.87 billion. J.P. Morgan Chase and Bank of America Securities both expressed optimism and believed that the foundry giant's third-quarter revenue would exceed expectations.

19th place$ASML Holding (ASML.US)$It closed 6.49% higher at $2.014 billion. Bank of America Securities emphasized on Tuesday that Asmack will soon deliver the High NA EUV lithography machine to TSMC. The device is expected to arrive at TSMC's global R&D center in Hsinchu, Taiwan Province of China later this month, and is expected to enhance the company's ability to develop advanced semiconductor processes.

Editor/jayden