On Friday, the US stock market had the highest trading volume. The stock fell by 0.09%, with a turnover of USD 49.5 billion. The stock has risen more than 10% this week. According to media reports, the US federal regulatory agency has reached an agreement to allow antitrust investigations into Microsoft, OpenAI, and Nvidia's dominant position in the AI industry.$Tesla (TSLA.US)$Closing up 3.07%, with a turnover of 36.387 billion US dollars. According to reports, Elon Musk's SpaceX plans to launch a financing scheme in December, selling its existing business shares at a price of about $135 per share. This move is expected to raise SpaceX's valuation to over $250 billion, further cementing its leading position in the global private aerospace sector.
As one of the world's most valuable aviation and aerospace companies, SpaceX's valuation has increased from $125 billion in 2022 to its current $210 billion.
On Friday, Democratic Senators Jeanne Shaheen and Jack Reed called on the Department of Justice and the Department of Defense to review Tesla CEO Musk's involvement in SpaceX's contracts with the US government.
Shaheen and Reed requested officials to provide detailed information on how communications between Russian government officials and individuals with security clearances affect national security. The two lawmakers also expressed concerns about the U.S. Space Force relying on SpaceX for space activities related to national security.
The second.$NVIDIA (NVDA.US)$Closing down 3.26%, trading at $35.606 billion. Public filings show that Nvidia holds approximately 7.72 million shares of the developer of digital infrastructure solutions.$Applied Digital (APLD.US)$The closing down 4.19%, trading at $17.605 billion. According to form 13f, Third Point institutions reduced their holdings in Amazon by 27%.
The third.$Amazon (AMZN.US)$Closing down 4.19%, trading at $17.605 billion. According to form 13f, Third Point institutions reduced their holdings in Amazon by 27%.
Ranked fourth.$Microsoft (MSFT.US)$Falling by 2.79%, trading at $11.76 billion. According to sources, the Federal Trade Commission (FTC) of the United States is preparing to investigate Microsoft's cloud computing business for anti-competitive practices. The agency is looking into allegations that the software giant may be abusing its market power in the productivity software sector by imposing punitive licensing terms to prevent customers from moving their data from Azure cloud services to other competing platforms.
Reports indicate that the strategies under review include significantly increasing subscription fees for departing users, charging high exit fees, and allegedly making its Office 365 product incompatible with competitors' clouds.
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.' $Apple (AAPL.US)$ Declining by 1.41%, trading at $10.787 billion. According to reports, the UK consumer rights organization 'Which?' representing approximately 40 million iCloud users has filed an antitrust lawsuit against Apple, accusing Apple of violating competition law and seeking compensation of up to £3 billion.
The organization believes that Apple has abused its dominant market position by forcing users to register for iCloud to store personal data, thereby excluding services from other vendors, while iCloud's fees are also considered excessive. According to 'Which?', an estimated 40 million UK Apple customers may be entitled to compensation, with an average of about £70 per consumer, depending on the length of their iCloud subscription.
In addition, according to publicly disclosed data, BlackRock made significant purchases of Apple in the third quarter, while Goldman Sachs significantly reduced holdings in Nvidia and Microsoft during the third fiscal quarter. Apple remains the top weighted stock for Morgan Stanley in the third quarter.
The sixth.$Palantir (PLTR.US)$Closing up 11.14%, with a turnover of $9.926 billion. The company announced on Friday that it will transfer its listing from NYSE to Nasdaq, and is expected to trade as a Nasdaq-listed company on November 26, 2024. After the transfer, it is expected to meet $NASDAQ 100 Index (.NDX.US)$qualification requirements.
The seventh.$Meta Platforms (META.US)$Closing down 4.00%, with a turnover of $9.891 billion. On the 14th local time, the European Commission announced a fine of 0.797 billion euros (approximately 6.07 billion yuan) on Meta Platforms, the parent company of American social media Facebook, for abusing its dominant market position, profiting from its trading platform, and violating EU antitrust rules.
The European Commission stated that considering the duration and seriousness of Meta Platforms' illegal activities and its annual revenue, it made this penalty decision. Data shows that the company's total revenue last year was approximately $135 billion.
Rank 10 $Advanced Micro Devices (AMD.US)$ Fell 2.84%, with a turnover of $5.984 billion. AMD confirmed on Thursday that it will lay off 4% of its global workforce. The company spokesperson stated in a declaration, "As part of aligning our resources with our biggest growth opportunities, we are taking some targeted measures that unfortunately will result in a reduction of approximately 4% of our global workforce."
The spokesperson added, "We are committed to respecting the affected employees and helping them through this transition."
AMD did not specify how many employees will be affected by the layoffs. According to AMD's annual 10-K filings to the United States, as of the end of 2023, AMD had approximately 26,000 employees, nearly double the total number of employees in 2020. According to LinkedIn data, the number of AMD employees has grown by about 24% in the past six months and by about 33% in the past year.
Rank 11 $Alphabet-A (GOOGL.US)$ Dropped 1.95%, with a turnover of $5.606 billion. On November 15th, Germany's largest retailer, Schwarz Group, announced a long-term partnership agreement with Google to provide Google's Office programs in datacenters in the future. Schwarz Group operates Lidl and Kaufland retail chains, and this collaboration signifies the group's pursuit of establishing a second economic pillar through IT operations, similar to retail giant Amazon.
Schwarz Group has always kept a distance from American suppliers in the cloud business. Gerd Chrzanowski, a general partner of Schwarz Group, said that Google is a partner that can jointly develop collaborative solutions on an equal basis, provide transparent insights, and make clear commitments. Schwarz Group's cloud computing department, Stackit, will provide local storage space for Google Workspace and offer encryption solutions to customers to improve work efficiency and ensure data security. Customer data will be stored within the EU to prevent third-party access, including Google.
The 12th.$Eli Lilly and Co (LLY.US)$Falling by 4.93%, with a turnover of 5.535 billion USD. Eli Lilly has filed a lawsuit against the U.S. Health Resources and Services Administration (HRSA), accusing them of unreasonably trying to block specific discount models provided by Eli Lilly for drugs supplied under the government's 340B program. Previously, Eli Lilly's competitor Johnson & Johnson also filed a lawsuit for similar reasons. In the lawsuit filed on Thursday in a federal court in Washington, D.C., Eli Lilly accuses HRSA of lacking reasonable basis or procedures in attempting to block its cash supplement model for 340B covered entities.
Ranked thirteenth.$Coinbase (COIN.US)$ Global rose by 9.69%, with a turnover of 5.315 billion USD. The U.S. stock market's cryptocurrency sector saw a general rise on Friday.
15th place.$Disney (DIS.US)$Rising by 5.46%, with a turnover of 3.643 billion US dollars. The stock has accumulated a 16.2% increase this week, marking the largest weekly gain since the year 2000.
This stock is favored by several brokerages: Needham raised its price target from $110.00 to $130.00. Wells Fargo & Co raised its target price from $116.00 to $138.00. Guggenheim raised its target price from $110 to $130. Deutsche Bank raised its target from $115 to $131. Barclays raised its target from $105 to $125.
Ranking 20th$Applied Materials (AMAT.US)$Falling by 9.20%, with a turnover of 2.77 billion US dollars. Applied Materials announced its fourth-quarter results, with revenue increasing 5% year-on-year to $7.05 billion, surpassing analysts' expectations of $6.95 billion; adjusted earnings per share were $2.32, exceeding analysts' expectations of $2.19. However, Applied Materials' first-quarter revenue guidance is below Wall Street's expectations, indicating weak demand for chip manufacturing equipment. The company expects first-quarter revenue to range from $6.75 billion to $7.55 billion, with the midpoint below analysts' expectations of $7.22 billion; adjusted earnings per share is expected to range between $2.11 and $2.47, slightly higher than the expected $2.27.
Editor/new