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 Wednesday, US stocks had the highest turnover.$NVIDIA (NVDA.US)$Closed down 0.76%, with a transaction volume of 44.102 billion USD. nvidia announced its financial results after the close on Wednesday, with third-quarter revenue of 35.1 billion USD, exceeding analyst expectations of 33.25 billion USD. Third-quarter datacenter revenue was 30.8 billion USD, against expectations of 29.14 billion USD. Adjusted eps for the third quarter was 0.81 USD, estimated at 0.74 USD.

nvidia CEO Jensen Huang predicted that demand for the Blackwell products/series will exceed supply in the coming quarters.

As the largest publicly traded company by market cap globally, Nvidia's stock price has continued to soar this year, thanks to the explosive growth of AI in the technology and other fields. As of Tuesday local time, Nvidia's stock price has risen 196% year-to-date, easily outpacing any chip manufacturer competitor. In contrast, its closest competitor AMD's stock price has fallen over 5% this year, while Intel's stock price, which is struggling to turn a profit, has plummeted nearly 52%.

Both Bank of America and Barclays believe that nvidia's earnings report has a greater impact on the S&P index than inflation and employment data, and even more than the Federal Reserve meeting.

The second.$MicroStrategy (MSTR.US)$Increased by 10.05%, with a transaction volume of 33.599 billion USD. The stock's market cap has surpassed 100 billion USD for the first time. So far this year, the stock has risen over 650%.

On Wednesday, bitcoin broke through 94,000 USD, reaching a new high for the second consecutive day, while MicroStrategy is the publicly traded company that holds the most bitcoin.

MicroStrategy is accelerating its large-scale purchases of the cryptos, with the company announcing on Wednesday an increase of nearly 50% in the issuance size of its convertible preferred notes plan to finance the purchase of bitcoin, raising it to 2.6 billion USD. Earlier this week, MicroStrategy stated it bought 4.6 billion USD worth of bitcoin, holding assets valued at over 30 billion USD.

The third.$Tesla (TSLA.US)$Decreased by 1.15%, with a transaction volume of 22.449 billion USD. Tesla chairwoman Robyn Denholm cashed out over 35 million USD this month by selling stocks. Regulatory filings show Denholm exercised 112,390 stock options set to expire next year, selling the stocks on November 15. After accounting for the exercise cost, she netted approximately 32.5 million USD from the stock sale. Denholm pre-arranged these trades in July through a trading plan that allows U.S. company insiders to sell stock.

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%. $Apple (AAPL.US)$ Increased by 0.32%, with a transaction volume of 8.016 billion dollars. The Indonesian Ministry of Industry stated on Wednesday that the technology giant apple has proposed a 0.1 billion dollar investment plan to establish a factory in Indonesia for the production of accessories and parts. This proposal was made after Indonesia banned the sale of the iPhone 16 by apple, due to the company's failure to meet local regulations regarding parts. Indonesia requires that certain smart phones sold domestically contain at least 40% locally manufactured components. Febri Hendri Antoni Arif, a spokesperson for the Indonesian Ministry of Industry, stated that a meeting will be held on Thursday to discuss apple's proposal to build a factory in West Java. He stated: "The meeting on Thursday indicates that the Minister of Industry welcomes apple's investment commitment."

The fifth.$Microsoft (MSFT.US)$Decreased by 0.55%, with a transaction volume of 7.952 billion dollars. Microsoft updated several AI products at the "Microsoft ignite 2024" global developer conference, launching AI assistant tools and the Azure AI Foundry platform to help businesses enhance process automation and efficiency. The new AI assistant tools have been integrated into products such as Microsoft 365 and Dynamics 365, supporting areas like sales, service, finance, and supply chain. The Azure AI Agent Service allows developers to create and deploy AI assistants, which is expected to enter the preview phase in December 2024. Microsoft stated that since the launch of the AI agent ecosystem alliance, over 0.1 million organizations have created or edited AI assistants.

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. $Target (TGT.US)$ Closed down 21.41%, with a trading volume of 7.929 billion USD. Target has lowered its full-year profit forecast, warning that flat quarterly sales and increasing inventory have hurt profitability. The company now expects full-year EPS to be between 8.30 and 8.90 USD, down from the previous estimate of 9.00 to 9.70 USD.

Data shows that Target's Q3 revenue was 25.67 billion USD, a year-on-year increase of 1.1%, which fell short of market expectations; Non-GAAP EPS was 1.85 USD, also below market expectations.

Comparable sales in the third quarter only increased by 0.3%, falling short of analysts' expectations and slowing down from the previous quarter. Specifically, physical store comparable sales declined by 1.9%, while digital comparable sales grew by nearly 11%. The increase in online sales also brought higher fulfillment costs, leading to a decrease in operating margin.

After releasing its financial report, citigroup lowered its target price from 188.00 USD to 130.00 USD. Deutsche bank cut its target price from 184.00 USD to 108.00 USD.

The eighth.$Amazon (AMZN.US)$Closed down 0.85%, with a trading volume of 6.601 billion USD. JD.com and amazon overseas purchasing jointly announced on Tuesday (November 19) that the 'Amazon Overseas Official Flagship Store' is officially opened on JD.com, bringing consumers over 0.4 million overseas hot-selling commodities and more than 12,000 international brands, providing a limited-time free shipping experience for global good things that can be delivered in the fastest 2 days. At the same time, the 'Amazon Overseas Purchase Black Friday Global Shopping Season' will also be launched on JD.com on November 21, offering a massive selection of imported goods with discounts starting from 30% off.

Rank 10 $Advanced Micro Devices (AMD.US)$ Closed down 1.28%, with a transaction volume of 3.929 billion dollars. At the 'Microsoft Ignite 2024' global developer conference, Microsoft unveiled a custom EpYC CPU developed in collaboration with AMD, which integrates HBM3 memory. This custom CPU is used in Microsoft's newly launched Azure HBv5 virtual machines, each equipped with four processors, offering up to 450GB of HBM3 memory and 352 Zen 4 cores, with a core frequency of up to 4GHz.

11th place$Eli Lilly and Co (LLY.US)$Closed up 3.25%, with a transaction volume of 3.863 billion dollars. Eli Lilly and Co announced on Wednesday the election of Jon Moeller as a new member of its board of directors, effective December 1, 2024. In addition, the company announced that Karen Walker has resigned from her role as a board member of Eli Lilly, effective December 31, 2024. Eli Lilly stated that in 2025, Ms. Walker will collaborate with Eli Lilly on certain digital business activities.

Ranked 14th $Alphabet-A (GOOGL.US)$ Closed down 1.20%, with a transaction volume of 3.333 billion dollars. Reports indicate that if a judge agrees with the U.S. Department of Justice's proposal to sell the Chrome browser, the price for Alphabet's Chrome browser could be as high as 20 billion dollars. This would be a significant blow to one of the largest technology companies in the world.

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 $8.22 billion, a year-on-year decrease of 28%. It is analyzed that the main reason for the decline in profit is the fall in natural gas prices and the deterioration of refinery profit margins.$Super Micro Computer (SMCI.US)$Closed down by 8.74%, with a trading volume of 2.708 billion USD. Previously, the stock had risen for three consecutive trading days due to news that the company had hired a new auditing firm and submitted a compliance plan.

Editor/Jeffy