On Wednesday, US stocks had the highest turnover.$NVIDIA (NVDA.US)$Fell by 0.18%, with a turnover of 32.622 billion US dollars. Nvidia's vice president stated that the next generation Blackwell chip will be shipped to customers in the fourth quarter of this year, with excellent energy efficiency.

In addition, Nvidia CEO Huang Renxun stated on Wednesday that the future of artificial intelligence will be a service capable of "reasoning," but to reach this stage, the computational cost needs to be reduced. Huang Renxun added that Nvidia will increase chip performance by two to three times annually with the same energy and cost, laying the foundation for these advancements. The report highlights that this will change the way artificial intelligence systems handle reasoning. Reasoning is the process by which artificial intelligence models operate, generating predictions or conclusions within them.

According to reports, Huang Renxun pointed out in a podcast hosted by Arm CEO Rene Haas that the next generation of artificial intelligence tools will be able to answer questions by going through hundreds or thousands of steps and reflecting on their results. This will enable future software to reason, making it different from current systems like OpenAI's ChatGPT. Huang added that he uses ChatGPT every day.

The second.$Tesla (TSLA.US)$Fell by 1.41%, with a turnover of 16.092 billion US dollars. Tesla will hold a new product launch event on October 11th. The company officially showcased a video demonstrating the usage of Musk's envisioned self-driving rental car.

Musk mentioned that besides North America, the deployment of autonomous driving capabilities in other regions significantly lags behind. Therefore, in the V12.5 or possibly V12.6 version of FSD (Full Self-Driving Capability), Tesla will seek approval from regulatory agencies in Europe, China, and other countries for Tesla's FSD Supervised Edition. He believes that Tesla may receive approval before the end of this year.

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. $Apple (AAPL.US)$ Rose by 1.67%, with a turnover of 7.67 billion US dollars. Renowned analyst Ming-Chi Kuo shared the latest shipment data of the iPhone 16 series on social media platforms. He believes that there has been almost no change in the assembly orders for the iPhone 16 series. Suppliers have been asked to continue production during the National Day holiday, focusing on the production of the two Pro models, indicating that the demand for these two Pro models roughly meets expectations.

Kuo also mentioned that some small components will see slight cuts in orders after mid-November, mainly for the iPhone 16 and iPhone 16 Plus. The reduction in orders is very small and can be essentially ignored.

Ranked fourth.$Microsoft (MSFT.US)$Rise by 0.66%, with a turnover of $6.237 billion. Microsoft Azure announced on social media on Tuesday that the company has obtained AI servers with NVIDIA GB200 super chips, becoming the first company among global cloud service providers to use the Blackwell system. NVIDIA released the new Blackwell computing platform and GB200 super chip in March of this year. Compared to the previous generation H100 GPU, the GB200 super chip has improved its performance in large language model inference workloads by 30 times.

Ranked seventh. $Alphabet-A (GOOGL.US)$ Dropped by 1.53%, with a turnover of $5.04 billion. According to Xinhua News Agency, on the 8th of the month, the U.S. Department of Justice has informed the judge handling the antitrust case against Google in the U.S. that it is considering recommending Google to divest some business in order to weaken its monopoly position in the internet search market.

Xinhua News Agency reported that U.S. Department of Justice officials recently presented the above recommendation in a court document to federal district Judge Amit Mehta, and also proposed that Google should be compelled to disclose the underlying data of its search engine and AI products.

The U.S. Department of Justice launched an antitrust investigation against Google in 2020 and officially filed a lawsuit in September 2023. In August of this year, Mehta ruled that Google had obtained a monopoly in the internet search and advertising market through illegal means. According to ABC News, Mehta has scheduled to begin the second phase of the trial next spring to determine legal solutions to prevent Google's monopoly, with a ruling expected by the end of August 2025.

The media disclosed that Google controls approximately 90% of the U.S. internet search market share. Data provided by the U.S. consumer news and business channel on the 8th day show that in the second quarter of this year, Google's search and other businesses contributed 57% of revenue to its parent company, Alphabet.

Previously speculated by the media, in order to reach a settlement, Google may have to sell its Android operating system and Chrome browser business. Another possible scenario is that Google may have to stop paying device manufacturers to maintain its monopoly on their search engine.

Ranked ninth.$Broadcom (AVGO.US)$The close increased by 2.89%, with a turnover of 4.687 billion US dollars. According to media reports,$AT&T (T.US)$Recently, lawsuits have been filed against Broadcom regarding its VMware licensing agreement, claiming the right to two years of guaranteed support. Based on submitted email evidence, Broadcom is attempting to maintain the agreement by significantly raising prices, while AT&T is seeking legal means to compel Broadcom to abide by the service agreement signed by both parties for VMware products.

Reports stated that the latest five-year new contract offer received by AT&T includes an annual 1050% increase, which AT&T executive Susan Johnson described the proposal as "extreme" and not in line with the strategic partnership's business approach.

The 12th.$Super Micro Computer (SMCI.US)$Rising by 4.28%, trading volume reached 3.102 billion US dollars. The company announced on Monday that the quarterly shipments of GPUs equipped with liquid cooling solutions exceeded 0.1 million, receiving praise from investors. Previously, the company's stock price plummeted due to short-selling by the institution Xenopus, as well as an investigation by the US Department of Justice. Xenopus released a short-selling report alleging accounting irregularities at Super Micro Computer.

Ranked thirteenth.$Alibaba (BABA.US)$Falling by 1.59%, trading volume reached 3.094 billion US dollars. JPMorgan raised Alibaba's target price from $108 to $125 on Wednesday.

16th place.$Taiwan Semiconductor (TSM.US)$Rising by 0.59%, trading volume reached 2.208 billion US dollars. Analysts at Morgan Stanley said in a research report that driven by demand for AI chips and the outsourcing business of integrated device manufacturers, Taiwan Semiconductor's revenue compound annual growth rate over the next five years may continue to be maintained at 15%-20%. Driven by strong demand for AI chips and the further increase in Apple's 3nm chip production, TSMC's fourth-quarter gross margin may slightly increase from 55% in the third quarter to 55.5%.

The 17th$PDD Holdings (PDD.US)$Fell 2.34%, with a turnover of 1.969 billion US dollars. It is reported that Pdd Holdings took the lead in launching this year's 11.11 promotion, introducing the "Hundred Billion Consumption Voucher" activity for the first time, and upgrading it to "Super Double Compensation".

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 $8.22 billion, a year-on-year decrease of 28%. It is analyzed that the main reason for the decline in profit is the fall in natural gas prices and the deterioration of refinery profit margins.$Boeing (BA.US)$Decreased by 3.41%, with a turnover of 1.874 billion US dollars. The contract negotiations between Boeing and the International Association of Machinists and Aerospace Workers (IAM) have once again broken down. Boeing has stated that it has withdrawn the 30% salary increase proposal. A previous survey showed that Boeing's latest wage proposal failed to gain attention and support from union members, and even lacked respect for the union's decision-making.

Boeing was placed on a negative watchlist by S&P Global Ratings, facing downgrade risks. S&P Global Ratings is in the process of downgrading Boeing Company's credit rating to junk status, citing the increasing likelihood of machinists' strike and the continuous growth of the aircraft manufacturer's cash needs. This credit rating agency estimates that Boeing will consume about 10 billion US dollars in cash by 2024.

An insider said that the company may need additional funds to meet daily cash needs and provide funds for debt maturity. Previous reports indicated that Boeing Company would raise at least 10 billion US dollars by selling stocks to maintain its investment-grade credit rating.

Editor/Somer