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 trading volume in the US stock market was nvidia, which fell by 1.95%. US Secretary of Commerce Raimondo stated that current US companies are overly reliant on Taiwan Semiconductor for chip manufacturing; Apple, the second top, fell by 2.78%, with a turnover of 12.546 billion US dollars; Tesla, the third top, fell by 1.52%, with a turnover of 12.254 billion US dollars.
Ranked first in trading volume on Monday's US stock market. $NVIDIA (NVDA.US)$ Closed down 1.95%, with a trading volume of $28.955 billion. U.S. Commerce Secretary Gina Raimondo led a closed-door investor meeting recommending Intel for Nvidia and Apple's manufacturing. Prior to this meeting, Raimondo met with Intel CEO Pat Gelsinger, during which Gelsinger expressed concerns about U.S. companies relying too heavily on Taiwan Semiconductor for chip manufacturing.
2nd place. $Apple (AAPL.US)$ Closed down 2.78%, with a trading volume of $12.808 billion. Analysts from Bank of America, JPMorgan, and other institutions pointed out that shipping times may indicate lower demand for the iPhone 16 Pro model compared to the previous year.
In addition, well-known analyst Ming-Chi Kuo stated that the iPhone 16 series' pre-order sales in the first weekend were about 12.7% lower than the iPhone 15 series last year. In a report, Kuo wrote that based on his analysis of the first weekend pre-orders, the demand for the iPhone 16 Pro series was lower than expected.
In the report, Kuo wrote that the estimated pre-order sales of the iPhone 16 series in the first weekend is about 37 million units, a decrease of approximately 12.7% compared to the iPhone 15 series last year. He stated that one key factor for the lower-than-expected demand for the iPhone 16 Pro series is that the main selling point, Apple Intelligence, was not released simultaneously with the iPhone 16.
Aswath Damodaran, a finance professor at New York University's Stern School of Business, said on Monday that while Apple is still a good profit generator, it is no longer the growth company it used to be.
Damodaran stated, 'Over the past 10 years, Apple has returned over $600 billion in cash, making it the largest cash machine in history. So, I like to think of the company as an ATM, rather than a growth engine.'
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. $Tesla (TSLA.US)$ Tesla fell 1.52%, with a trading volume of $12.296 billion. Over the weekend, Tesla announced on Twitter that it has produced 0.1 billion of its 4680 battery cells. These are Tesla's larger, more advanced batteries, with higher energy, longer range, and lower production costs.
The number '4680' refers to the size of the battery. This cylindrical battery has a diameter of 46 mm and a height of 80 mm. Tesla also uses another type of battery, the 2170, which has a diameter of 21 mm and a height of 70 mm. (A typical AA battery has a diameter of 14 mm and a height of 50 mm.)
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.' $Meta Platforms (META.US)$ Rise 1.75%, trading 5.03 billion USD. In the antitrust trial brought by the US Department of Justice against Google, a former Facebook advertising executive testified that due to Google's monopoly on online advertising technology, even Facebook could not successfully compete with Google.
In addition, this executive also revealed a secret agreement reached between Meta's parent company and Google in 2018 (at that time, Facebook had not yet changed its name to Meta Platforms).
Brian Boland, who was responsible for Facebook's advertising technology from 2009 to 2019, revealed to the Virginia federal court that the social network initially tried to directly challenge Google in the advertising market through the Facebook Audience Network platform.
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. $Amazon (AMZN.US)$ Fall 0.86%, trading 4.811 billion USD. Amazon is requiring employees to return to the office for five days a week. The company will reduce the number of managers, thereby reducing management layers.
In addition, Intel and Amazon Web Services (AWS) announced on Monday that they will expand their collaboration, including jointly investing in custom chip design under a multi-year, multi-billion dollar framework. As part of the collaboration, Intel will manufacture artificial intelligence fabric chips for AWS on its advanced process node Intel 18A. The company also plans to establish an Intel foundry as a standalone subsidiary.
Ranked seventh. $Oracle (ORCL.US)$ The stock price rose 5.12%, reaching a new all-time high, with a trading volume of 4.655 billion US dollars. The latest financial report data shows that the company achieved revenue of 13.307 billion US dollars, net income of 2.929 billion US dollars, earnings per share of 1.06 US dollars, and gross profit of 8.777 billion US dollars, with a P/E ratio of 43.80 times.
In terms of analyst ratings, among the 33 participating brokerages, 58% gave a buy recommendation, 39% gave a hold recommendation, and 3% gave a sell recommendation. Jefferies Financial raised its Oracle target price from $170 to $190 on Monday.
Rank 10 $Intel (INTC.US)$ The stock price rose 6.36%, with a trading volume of 3.08 billion US dollars. Intel received a $3.5 billion grant to produce chips for the US military. According to media reports last Friday citing insiders, Intel has reached a binding agreement with US officials, stating that the company is officially eligible for up to $3.5 billion in federal funding to produce semiconductors for the Pentagon. The project, called Secure Enclave, involves the production of advanced chips for the military and intelligence departments. It is reported that the project will involve multiple states in the US, including an Intel manufacturing plant in Arizona.
Rank 11 $Alphabet-A (GOOGL.US)$ Up 0.38%, with a trading volume of $2.899 billion. The second Google antitrust case is being opened for trial, increasing the risk of business split, and the stock price is at a historic low in terms of relative valuation.
According to related data, Alphabet, the parent company of Google, currently has a 12-month forward P/E ratio of around 17.5, while the overall P/E ratio of the S&P 500 index is about 20.8. Compared to the benchmark index, the stock has a discount of over 3 percentage points, the highest level since 2005.
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. $Adobe (ADBE.US)$ Down 2.86%, with a trading volume of $2.766 billion. Recently, Citigroup lowered Adobe's target price from $621 to $616, maintaining a "neutral" rating.
16th place $Taiwan Semiconductor (TSM.US)$ It fell 1.98% with a turnover of $2.053 billion. Jensen Huang, CEO of NVIDIA, said at a technical conference in San Francisco on the 11th that there is strong demand for NVIDIA's new generation of AI chip, Blackwell. He said that NVIDIA relies heavily on Taiwan Semiconductor for manufacturing, and if necessary, AI chip production will be transferred to other foundries.
Editor/Rocky