The opening ceremony of the Apple Worldwide Developers Conference (WWDC), which was highly anticipated by investors, started on Monday, with its annual five-day conference running through to Friday, June 14. On Monday, Apple CEO Cook announced the "Apple Intelligence" feature, which integrates AI language models into a wide range of Apple devices, including iPhone, iPad, and Mac. Users can use AI to write articles and check and proofread content in various situations, and can even allow AI to generate images when sending messages. Apple also announced a partnership with OpenAI to integrate the latter's ChatGPT.$NVIDIA (NVDA.US)$Fell by 4.18%, with a trading volume of 45.071 billion dollars. The stock price of nvidia recorded a decrease for the second consecutive trading day.

The company reported after the close last Wednesday that its third fiscal quarter revenue grew 17% quarter-on-quarter and 94% year-on-year to 35.1 billion dollars, setting a historic high. However, this was the first fiscal quarter since the first quarter of fiscal year 2024 that nvidia's year-on-year growth rate did not reach 100%, and the quarter-on-quarter growth rate also slowed.

At the same time, nvidia's performance guidance indicates that the revenue in the next quarter will further slow down. Based on the guidance midpoint of $37.5 billion, nvidia expects a year-on-year revenue growth of about 70% in the fourth quarter, although higher than the analyst consensus midpoint of $37.1 billion, it is lower than the buyers' expectations of $38.8 billion, and some analysts' expectations even reach $41 billion.

The second.$Tesla (TSLA.US)$It closed down 3.96%, with a transaction volume of 33.059 billion USD. On Monday, ubs group published a bearish research report on tesla. The analysts of the bank warned that tesla's stock price surged after the US presidential election, and the logic behind it is almost entirely driven by the emotional prosperity of the us stock market's 'animal spirits,' rather than any actual improvement in its business fundamentals.

Although tesla's stock price has skyrocketed over 40% recently, ubs group remains firmly bearish on tesla, reaffirming a 'sell' rating, which is the most negative rating for the stock, with a target price of only 226 USD for tesla. The ubs group analyst team also issued warnings regarding policies that might benefit the company.

Tesla's stock price closed at 352.56 USD last Friday, with its market cap astonishingly increasing by over 350 billion USD since election day, leading to a significant rise in musk's personal wealth.

Additionally, media reported on Monday that the governor of california intends to offer purchase incentives to consumers, which will exclude tesla's electric vehicles. This decision by state legislators aims to promote competition, which could anger tesla's CEO musk.

A california state government official stated that the car purchase incentive measures are still under negotiation.

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. $Apple (AAPL.US)$ It closed up 1.31%, with a transaction volume of 20.92 billion USD. According to insiders, apple is working to develop a more conversational siri digital assistant. It is reported that the improved siri will rely on a new apple ai model to interact more like a human and handle tasks in a manner similar to chatgpt and google's gemini. The new version of siri will also be able to leverage 'apple intelligence' features, such as the ability to write and summarize text.

Ranked fourth.$MicroStrategy (MSTR.US)$Dropped by 4.37%, with a trading volume of $16.289 billion. According to the 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC), MicroStrategy announced that between November 18 and November 24, the company purchased approximately 55,500 bitcoins for about $5.4 billion in cash, at an average price of approximately $97,862 per bitcoin.

Brokerage Bernstein maintained a strong buy rating on microstrategy.

The sixth.$Microsoft (MSFT.US)$Closing up 0.43%, with a transaction volume of 11.562 billion USD. Reports indicate that Coles Group has reached a new five-year partnership with microsoft.

The seventh.$Amazon (AMZN.US)$Closing up 2.20%, with a transaction volume of 8.142 billion USD. Currently, amazon's Trainium2 chip has begun deployment in datacenters and is expected to soon be widely promoted in several core datacenters, including in Ohio, with amazon's goal of stringing up to 100,000 chips into a cluster.

amazon stated that Trainium2 has four times the performance compared to the previous generation, with three times the memory capacity, and significant advantages in energy efficiency and cost. The company hopes to reduce the procurement cost of ai chips and enhance overall efficiency in data processing through these optimizations.

The eighth.$Meta Platforms (META.US)$Closing up 1.07%, with a transaction volume of 7.66 billion USD. The usa Supreme Court recently ruled to allow investors to file a multi-billion dollar class action lawsuit against Facebook's parent company meta platforms over the Cambridge Analytica privacy scandal. This decision is a rejection of meta's attempt to dismiss the lawsuit.

In November last year, the Supreme Court held a debate on Meta's attempt to dismiss the case. However, the court rejected Meta's appeal this week, upholding the ruling that allows the lawsuit to proceed. The core of this lawsuit is the allegation by investors that Meta failed to adequately disclose the risks that Facebook users' personal information could be misused by Cambridge Analytica.

Ranked tenth.$Super Micro Computer (SMCI.US)$Increased by 15.87%, with a transaction of 6.331 billion dollars, rebounding more than 120% from the low on November 15. On the news front, super micro computer announced that it has submitted a compliance plan to the nasdaq. Analysts stated that if super micro computer can obtain approval from the nasdaq exchange, then the time frame for the company to submit the audited financial report for the last fiscal year will be extended until February next year.

Rank 11 $Alphabet-A (GOOGL.US)$ Increased by 1.75%, with a transaction of 5.542 billion dollars. The usa Department of Justice will make its final statement on Monday regarding Google's illegal dominance in online advertising technology, seeking a second antitrust victory against the company. Previously, the closing arguments in Alexandria, Virginia ended a 15-day trial in September, where prosecutors attempted to prove that Google monopolized the market for publishers' ad servers and advertisers' ad networks and attempted to dominate the advertising trade market between buyers and sellers. Google argued that the prosecutors distorted usa antitrust laws, forcing it to adapt to competitors' services, with the case focusing on events that occurred while Google continued to build and improve its services in recent years.

Ranked thirteenth.$Netflix (NFLX.US)$It closed down 3.59%, with a transaction of 5.223 billion USD. The stock had previously risen for five consecutive trading days. Its third-quarter earnings report exceeded the general expectations of most Wall Street analysts, with a net increase of 5.1 million paid memberships, a year-on-year growth of 14%, reaching 0.28272 billion. Revenue was 9.83 billion USD, a year-on-year growth of 15.7%, eps was 5.40 USD, operating profit was 2.9 billion USD, a growth of 52%, and the operating margin was 29.6%, with free cash flow at 2.19 billion USD.

The company stated in a letter to shareholders that the number of advertising memberships increased by 35% quarter-on-quarter, and its advertising technology platform is expected to launch in Canada in the fourth quarter and be promoted on a larger scale by 2025.

Ranked 17th $Advanced Micro Devices (AMD.US)$ It closed up 2.01%, with a transaction of 4.337 billion USD. According to reports, advanced micro devices intends to enter the smartphone chip market to expand into the mobile device market, with related new products to be manufactured using taiwan semiconductor's 3nm process, keeping the utilization rate of taiwan semiconductor's 3nm capacity at an overload, with order visibility extending into the second half of 2026.

Ranking 20th$Merck & Co (MRK.US)$Increased by 2%, with a transaction volume of 3.506 billion dollars. Recently, there have been reports of layoffs at Merck. It is understood that the layoffs this time involve the diabetes business department. Analysts pointed out that with the successive launch of generic drugs, the global sales of Merck's two major diabetes products, sitagliptin (Januvia) and sitagliptin-metformin (Janumet), have begun to come under pressure. Data shows that in 2022, the global sales revenue of sitagliptin and its sitagliptin-metformin amounted to 4.513 billion dollars; by 2023, the combined sales of the two drugs have decreased to 3.366 billion dollars. In Q3 2024, the sales of the two drugs fell sharply by 42%, to 0.48 billion dollars.

Editor/Lambor