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.

Nvidia, the top trading volume in the U.S. stock market on Friday, $NVIDIA (NVDA.US)$ It rose by 1.99%, with a trading volume of $28.173 billion. The stock fell 4.34% this week, ending a five-week consecutive increase.

Nvidia's acquisition of the Israeli artificial intelligence company Run:ai is under scrutiny in Europe. Although the transaction did not meet the notification threshold of the EU Merger Regulation, the Italian competition regulator expressed concerns under the Italian Competition Law.

The European Commission is assessing whether this transaction will have a "significant" impact on market competition. Nvidia has stated its willingness to respond to any questions from regulatory authorities and promises to continue providing AI services after the acquisition is completed, helping customers choose the best system and software solutions. Run:ai's technology aims to improve AI chip efficiency and reduce the number of required GPUs. In addition, the US Department of Justice is also investigating this transaction on antitrust grounds.

Furthermore, S&P Dow Jones Indices announced that Nvidia will be included in the Dow Jones Industrial Average, replacing Intel as a constituent stock representing the chip industry in the index.

Ranked 2nd. $Amazon (AMZN.US)$ Closing up 6.19%, with a turnover of $19.818 billion. Amazon's net sales for the third quarter were $158.877 billion, an 11% year-on-year increase, which also grew by 11% without the impact of exchange rate changes; net income was $15.328 billion, an increase of 55% year-on-year; diluted earnings per share were $1.43, compared to $0.94 in the same period last year.

After Amazon released its financial report, several brokerages raised their target prices. Bernstein raised Amazon's target price from $225.00 to $235.00. UBS Group raised Amazon's target price from $223 to $230. Susquehanna raised Amazon's target price from $220 to $230.

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. $Apple (AAPL.US)$ Closing down 1.33%, with a turnover of $14.544 billion. Apple's total net revenue for the fourth quarter was $94.93 billion, a 6% year-on-year increase. The company's profit declined due to a tax payment of billions, with a net income of $14.736 billion, a decrease of 36% year-on-year; diluted earnings per share were $0.97, down 34% year-on-year.

Apple's Greater China region revenue for the fourth quarter was $15.033 billion, slightly lower than the $15.084 billion in the same period last year, and below analysts' expectations of $15.8 billion.

According to reports, Apple has submitted a bond issuance application, with the scale undisclosed.

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%. $Tesla (TSLA.US)$ Closing down 0.35%, with a turnover of $14.386 billion. Tesla sold $0.499 billion in photovoltaic equipment-backed bonds. Deutsche Bank launched the underwriting of Tesla's five maturity corporate bonds on Monday, with sales ending on Friday. Fitch Ratings has assigned investment-grade ratings to the five tranches of bonds, mentioning that the credit ratings of customers receiving this financing are relatively high. According to insiders, Tesla's current corporate bond issuance was oversubscribed, with an interest rate of 4.83%. This is not Tesla's first issuance of solar asset-backed securities (ABS); the company sold bonds in 2016 for the acquisition of SolarCity.

According to reports, Tesla recently updated its roadmap for the development of its autonomous driving technology, confirming that the highly anticipated FSD (Full Self Driving) v13 version update will be delayed until next month, and made more commitments to future features. Last month, Tesla released its first 'AI roadmap', detailing the updates and new features to be introduced through the FSD project. Despite Tesla claiming to have completed all September goals on the AI roadmap, including achieving a 'roughly 3x increase in intervention interval miles' with version 12.5, there has been no evidence from outsiders supporting this claim.

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.' $Microsoft (MSFT.US)$ Closing up 0.99%, with a turnover of $9.971 billion. A Morgan Stanley research report pointed out that demand signals for Microsoft remain strong, with orders growing by 23%, and the contracted remaining performance obligation (cRPO) increasing by 17% year-on-year, although supply constraints continue to limit the growth of generative AI-related business. Nonetheless, the management is confident about capacity expansion in the second half of the year, and Microsoft's 2026 forecasted PE is 25 times, so investors should expect patient waiting for returns. The firm believes there are several aspects to note, including Azure's second-quarter guidance below expectations, revenue and EPS second-quarter guidance also below expectations, increased losses in other revenue, and more capacity moved from the second quarter to the second half of the year. The firm has raised its target price from $506 to $548 and maintained a 'shareholding' rating.

Ranked seventh. $MicroStrategy (MSTR.US)$ Fall 6.05%, with a turnover of 6.227 billion USD. The company announced its third-quarter results on Wednesday and unveiled a bold plan: to raise 42 billion USD over the next three years to buy more bitcoin. MicroStrategy announced the so-called "21/21 Plan," involving a 21 billion USD equity financing and 21 billion USD bond issuance over the next three years. "As a bitcoin financial company, we plan to use the additional funds to purchase more bitcoin as financial reserve assets to achieve higher bitcoin yields," said Phong Le, president and chief executive officer of MicroStrategy, in the third-quarter performance press release. MicroStrategy is the publicly traded company with the most bitcoin holdings globally, far surpassing companies like Tesla and Block that also invest in bitcoin.

Jefferies raised MicroStrategy's target price from $173 to $300.

Rank 9. $Alphabet-A (GOOGL.US)$ Rose 0.11%, with a turnover of 5.445 billion USD. UBS increased Google's target price to $192 and raised earnings per share estimates for 2025 and 2026.

UBS report stated that Alphabet, Google's parent company, is benefiting from the added capital expenditures, with a significant increase in search business revenue. It's estimated that Alphabet will add approximately $24 billion in search business revenue this year, compared to $13 billion in 2023 and $15 billion in 2022, largely driven by innovative measures such as Performance Max.

Additionally, UBS Group believes that Alphabet's cloud business revenue growth in the third quarter has also significantly increased. The bank expects annual cloud business revenue to increase by about $10 billion, compared to about $7 billion for both 2022 and 2023. The current cloud business growth rate has surpassed that of YouTube.

UBS Group has raised Alphabet's 2025 and 2026 earnings per share forecast by about 3%, increasing the target price from $187 to $192, maintaining a "neutral" rating.

Rank 11 $Intel (INTC.US)$ Closing up 7.81%, trading at $3.986 billion. Intel released its third quarter financial report for 2024: revenue was $13.284 billion, down 6% year-on-year; net loss attributable to Intel was $16.639 billion, compared to net profit attributable to Intel of $0.297 billion in the same period last year, turning from profit to loss year-on-year; excluding certain one-time items (not in accordance with US GAAP), the adjusted net loss attributable to Intel was $1.976 billion, while the adjusted net profit attributable to Intel in the same period last year was $1.739 billion.

In the third quarter, Intel's revenue and adjusted earnings per share exceeded Wall Street analysts' expectations, and the company's outlook for revenue and adjusted earnings per share for the fourth quarter also exceeded expectations.

Looking ahead, Intel expects the company's revenue for the fourth quarter of the 2024 fiscal year to be between $13.3 billion and $14.3 billion, with an average of $13.8 billion, exceeding analysts' expectations; Intel's diluted loss per share is expected to reach $0.24; excluding US GAAP, Intel's adjusted diluted earnings per share are expected to reach $0.12, also exceeding analysts' expectations.

Ranked 14th $Boeing (BA.US)$ The stock rose by 3.54%, with a turnover of 2.91 billion US dollars. Boeing has raised its proposed salary increase for approximately 0.033 million striking workers, with the improved proposal now offering a 38% increase.

According to reports, Boeing's striking workers will vote on an improved contract proposal on Monday, including a 38% salary increase over four years and an increase in signing bonuses. This proposal has received support from the union, which has told its members that it has obtained the maximum support from the aircraft manufacturer.

The latest contract proposed on Thursday comes at a critical moment for Boeing, as the company announced this week that it will raise up to $24.3 billion to support its battered financial condition. The strike by over 330,000 American West Coast factory workers for seven weeks has exacerbated the company's cash consumption.

Fitch Ratings believes that Boeing's new wage proposal represents a substantial improvement from an economic standpoint for the labor force.

Standard & Poor's confirms Boeing's rating, maintaining its stock on the negative watchlist. S&P analysts point out that the fact that the strike has lasted for nearly two months is also a favorable factor in reaching an agreement within Boeing's new salary proposal.

US Labor Secretary Suver expressed on Friday: It is believed that union members should decide whether to accept Boeing's proposed labor agreement proposal.

Ranked fifteenth, down 2.10%, trading at $2.035 billion. Wedbush Securities said that Palantir has signed an agreement with Microsoft to provide AI services to the national defense and intelligence community, which could 'change the rules of the game' and serve as a 'launchpad' for Palantir's AI platform (AIP). The institution maintained its 'shareholding' rating on Palantir with a target price of $38. $Super Micro Computer (SMCI.US)$ The stock fell by 10.51%, with a turnover of 2.775 billion US dollars. The stock has fallen by 44.89% this week, marking its largest weekly decline since its listing.

Super Micro Computer previously stated that the auditing firm Ernst & Young resigned during the audit period.

Renowned analyst Ming-Chi Kuo wrote that based on experience, the resignation of the auditing firm is a serious signal. There is an increasing possibility that Super Micro Computer may face suspension or delisting. This will indirectly weaken Super Micro's competitiveness, posing a huge challenge to its survival, especially as its competitors are well-funded, resource-rich major manufacturers.

Ranked 20th. $Trump Media & Technology (DJT.US)$ The stock fell by 13.53%, with a turnover of 2.458 billion US dollars. The stock has fallen by over 20% this week, retracing significantly by 31% since its peak in October.

A recent opinion poll shows that American Vice President and Democratic presidential candidate Harris leads former US President and Republican presidential candidate Trump by only a slim 1% margin, but 10% of voters may change their minds before the election.

Editor/rice