The first in the U.S. stock market turnover on Tuesday.$NVIDIA (NVDA.US)$Rose by 2.84%, with a trading volume of $22.235 billion. Driven by investors' continuous optimism about the long-term growth prospects of artificial intelligence, Nvidia's market cap surpassed Apple on Tuesday, becoming the world's largest company by market cap.

Nvidia's stock price rose by 2.84% to $139.91, corresponding to a market cap of $3.43 trillion. This market cap exceeds Apple's $3.38 trillion and Microsoft's $3.06 trillion; Nvidia's market cap surpassed Microsoft's last month. Nvidia's stock price has risen by 183% year-to-date, increasing its market cap by over $2.2 trillion.

In addition, Nvidia will replace Intel as one of the 30 components of the Dow Jones this week. S&P Dow Jones Indices announced last Friday (November 1) after the US stock market closed that it would adjust the Dow Jones Industrial Average, with Nvidia replacing its competitor Intel as one of its 30 components, officially effective after the US stock market closes this Friday (November 8).

S&P Dow Jones Indices stated that the component adjustments are to ensure that the index has a more representative exposure to the chip industry. This identity change comes as Nvidia continues to rise, while Intel struggles in the competition of artificial intelligence (AI). Year-to-date, Nvidia has almost doubled in value while Intel's market cap has shrunk by over half during this period.

The second.$Tesla (TSLA.US)$Closing up 3.54%, trading volume of 16.84 billion US dollars. Tesla said on Tuesday that since early November, the wages of all employees at its super factory in Berlin, Germany, have increased by 4%. A month ago, Tesla announced that it would offer permanent jobs to 500 temporary workers starting on November 1. Tesla also added that the union IG Metall, which has long criticized the working conditions at the Berlin super factory, did not participate.

Tesla's HR Manager, Erik Demmler, stated: 'This is particularly welcome news for our employees, especially at a time when many companies in the German auto industry are discussing layoffs and factory closures.' It is reported that the Berlin gigafactory is Tesla's sole gigafactory in Europe, with approximately 0.012 million employees.

In addition, analyst Wade Bush said on Tuesday that if Trump is re-elected as President of the United States, it will have a negative impact on the overall electric vehicle market, as the US federal government may cancel electric vehicle tax credits and benefits.

They pointed out that Musk's support for Trump is a bet on the fact that given Tesla's unparalleled scale and reach in the industry, an environment without electric vehicle subsidies would give Tesla a significant competitive advantage.

Analysts at Wade Bush wrote: 'If Harris wins, we expect electric vehicle tax deductions to remain unchanged and eventually increase in 2025, as the goal of the Harris administration will be to encourage more American consumers to buy electric vehicles.'

The third.$Palantir (PLTR.US)$Closing up 23.47%, the stock price hit a historic high, with a transaction volume of 10.434 billion USD, and a market value exceeding 100 billion USD. The company's third-quarter revenue announced exceeded analysts' expectations and raised the current operating income forecast, citing high demand for its artificial intelligence software in the United States. The financial report shows that Palantir's third-quarter revenue was 0.726 billion USD, a 30% year-on-year increase, surpassing market expectations; net profit was 0.144 billion USD, reaching a record high; non-GAAP earnings per share were 0.10 USD, higher than market expectations.

Palantir has raised its full-year revenue forecast to 2.805 billion-2.809 billion USD. The company also reported a significant increase in a highly watched indicator: revenue from its U.S. commercial business, which is a key driver of sales growth. Palantir expects its U.S. commercial revenue to grow by over 50% this year, reaching over 0.687 billion USD; the full-year adjusted operating profit is expected to be 1.054 billion-1.058 billion USD. In addition, the company expects fourth-quarter revenue to be 0.767 billion-0.771 billion USD, while analysts expect 0.7465 billion USD.

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%. $Microsoft (MSFT.US)$ Closing up 0.73%, with a transaction volume of 7.242 billion USD. According to reports, Microsoft is set to spend nearly 10 billion USD between 2023 and 2030 to lease servers from the artificial intelligence (AI) startup CoreWeave to run AI models. The report suggests that Microsoft is likely CoreWeave's largest customer, with the 10 billion USD amount larger than previously known, accounting for over half of the total 17 billion USD contract value signed by CoreWeave with customers. Neither CoreWeave nor Microsoft immediately responded to requests for comment.

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.' $Apple (AAPL.US)$ Closing up 0.65%, with a transaction volume of 6.258 billion USD. According to sources, Apple is set to face fines related to the Digital Markets Act (DMA) in the European Union for the first time. The penalties will target the company's anti-competitive business practices in the App Store. This stems from Apple's failure to allow app developers to direct users to make payments outside the App Store. The amount could be 1.8 billion euros (equivalent to 2 billion USD).

The sixth.$Amazon (AMZN.US)$Rising by 1.9%, trading at 6.046 billion US dollars. Amazon's revenue in the third quarter of 2024 was 158.9 billion US dollars, an 11% increase from the same period last year's 143.1 billion US dollars. Revenue from North America in the third quarter of 2024 was 95.5 billion US dollars, a 9% increase from the same period last year; international business revenue was 35.9 billion US dollars, a 12% increase from the same period last year; revenue from the AWS department was 27.5 billion US dollars, a 19% increase year-on-year.

Goldman Sachs raised Amazon's target price from $230 to $240 and maintained a 'buy' rating.

The seventh.$Trump Media & Technology (DJT.US)$Fell by 1.16%, with a trading volume of $5.813 billion. The stock opened high and low on Tuesday, rising over 17% at one point during the day, but then plummeted at the close and triggered several times.Circuit breaker.

The eighth.$Meta Platforms (META.US)$Rises by 2.1%, with a turnover of 5.567 billion US dollars. The company plans to use artificial intelligence technology to identify young users on Instagram who falsely report their age and automatically switch them to stricter privacy settings.

According to Allison Hartnett, the head of Meta's Youth and Social Impact Product Management, the company will categorize users into two age groups: 18 and above, and under 18, using proprietary software tool called the "adult classifier". This software can screen user profiles, check follower lists and interactions, even scan publicly posted birthday wishes from friends to infer a user's actual age.

11th place$Boeing (BA.US)$Declines by 2.62%, with a turnover of 3.531 billion US dollars. Local time on Tuesday, Boeing's factory workers in Seattle voted to approve a new four-year contract with a 59% support rate, ending an eight-week strike and planning to return to work on Wednesday.

This strike has had a significant impact on Boeing's financial situation, with the financial report showing a loss of nearly 6.2 billion US dollars in the third quarter and a total loss of nearly 8 billion US dollars so far this year. To address market and financial challenges, Boeing may need to adjust its business strategy, including considering selling businesses related to the interstellar spacecraft and international space station support services, but excluding the space launch system division.

The new contract will bring a 38% salary increase to 0.033 million mechanics, who are mainly responsible for manufacturing Boeing's planes in the Pacific Northwest region, and the strike has disrupted production lines, including the 737 series, requiring several weeks to return to normal. While Boeing hopes to resume scheduled production levels by the end of the year, it may take several months.

Ranked 14th.$Super Micro Computer (SMCI.US)$Closed up 6.42%, with a turnover of 2.723 billion US dollars. Super Micro Computer estimated the first fiscal quarter adjusted EPS to be $0.75-$0.76, while analysts expected $0.74. The preliminary estimate for the first fiscal quarter net sales is $5.9 billion-$-6 billion, with analysts expecting $6.47 billion. The preliminary estimate for the first fiscal quarter adjusted gross profit margin is 13.3%, with analysts expecting 12%. There is no evidence of fraud or mismanagement by the company's board of directors. Still unable to predict when the 10-K report will be submitted. Recommend taking a series of remedial measures. Will take all actions to achieve compliance with the NASDAQ exchange. Expected net sales for the second fiscal quarter are $5.5 billion-$-6.1 billion, while analysts expect $6.79 billion.

After the financial report was announced, Super Micro Computer plummeted significantly in post-market trading on Tuesday, with a decline of over 17% at one point.

16th place.$Astera Labs (ALAB.US)$Closed up 37.7%, with a turnover of 2.284 billion US dollars. The company announced the launch of a series of brand new intelligent interconnect switch product portfolio. This product portfolio includes PCIe 6 switches, specifically designed to address complex AI workloads in cloud-scale acceleration computing platforms.

In addition, Morgan Stanley analyst Joseph Moore maintains a "buy" rating on the stock and has raised the target price from $55 to $74.

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 $8.22 billion, a year-on-year decrease of 28%. It is analyzed that the main reason for the decline in profit is the fall in natural gas prices and the deterioration of refinery profit margins.$Taiwan Semiconductor (TSM.US)$Up 2.19%, with a turnover of 2.022 billion US dollars. According to the latest report from Morgan Stanley, Taiwan Semiconductor is considering raising prices for its 3nm process and CoWoS advanced packaging technology to meet the surge in market demand. Taiwan Semiconductor plans to implement the price increase in 2025, with 3nm process prices expected to rise by as much as 5%, while CoWoS packaging prices may increase by 10% to 20%.

Editor/Lambor