On Friday, the stock market saw nvidia leading in trading volume, closing up 2.15% with a transaction of 19.599 billion USD. Tesla ranked second, closing up 3.69% with a transaction of 12.652 billion USD. Microstrategy ranked third, closing down 0.35% with a transaction of 8.784 billion USD.
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.$NVIDIA (NVDA.US)$Rising by 2.15%, with a turnover of $19.599 billion. The German government plans to provide approximately €2 billion in new subsidies to the semiconductor industry. The new funds will be allocated to chip companies, involving 10 to 15 projects, including the production of unprocessed wafers and microchip assembly. Earlier, the South Korean government announced that it would urgently inject over 14 trillion KRW (approximately $10 billion) in policy financing to cope with the increasing uncertainty from the new U.S. government and the increasingly fierce competition in the semiconductor industry.
The second.$Tesla (TSLA.US)$Increased by 3.69%, with a turnover of $12.652 billion. Tesla's Vice President, Tao Lin, stated on social media, "In 2024, our payment cycle to supply chain partners has been further reduced compared to last year, now taking only about 90 days. Over 95% of the parts in the Shanghai Gigafactory come from our local suppliers, and Tesla's achievements in China and globally are closely linked to these partners. A win-win situation with supplier partners, increasing efficiency and reducing costs through technological innovation is key for companies to go further, industries to prosper, and consumers to continuously receive the best products."
The third.$MicroStrategy (MSTR.US)$Trades fell by 0.35%, with a turnover of 8.784 billion US dollars. On the news front, bitcoin's intraday gain reached 2.2%, trading at $97,248. Economists and market strategist Peter Schiff, who has always been skeptical of cryptocurrencies, recently stated that shorting the stock of MicroStrategy (MSTR) is a good idea because the company, which holds the most bitcoin, will eventually go bankrupt. Schiff described MicroStrategy as a "great" short target, suggesting that if one has the endurance, despite denying that he has shorted the stock. "If you understand how it works, I mean, you will see that it will only end in MicroStrategy's bankruptcy," Schiff boldly predicted.
Ranked fourth.$Microsoft (MSFT.US)$Closed up by 0.11%, with a turnover of 6.847 billion US dollars. Sources revealed that the U.S. Federal Trade Commission has initiated an antitrust investigation against Microsoft, involving Microsoft, cloud computing services, and software licensing. As of now, Microsoft has not responded. Reports indicate that after over a year of informal interviews with Microsoft's competitors and business partners, antitrust enforcement agencies have drawn up a detailed list of requirements, demanding that Microsoft provide information on areas such as cloud computing from the investigation. A source stated that FTC Chairman Lina Khan signed this lengthy demand letter, consisting of hundreds of pages, and sent it to Microsoft.
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.' $Apple (AAPL.US)$ Closed up by 1.02%, with a turnover of 6.739 billion US dollars.
The sixth.$Amazon (AMZN.US)$Up 1.05%, with a turnover of $5.147 billion. American retail giants have already started the 'Black Friday' promotion activities in advance, and have extended the promotion period. Many consumers like to come to the mall on 'Black Friday' to experience the joy of shopping in a festive atmosphere. According to Reuters, the National Retail Federation of the United States expects that this year there will be approximately 85.6 million consumers shopping at physical stores, higher than last year's 76 million. The total number of consumers shopping online and offline will reach a record-breaking 0.1834 billion.
The seventh.$Meta Platforms (META.US)$Up 0.9%, with a turnover of $4.095 billion. The Australian Senate passed the "2024 Cybersecurity (Minimum Age for Social Media)" amendment on the 28th, prohibiting minors under 16 from using social media platforms like Facebook, Instagram, and Snapchat. This Australian law also stipulates that if social media companies fail to take 'reasonable measures' to prevent minors under 16 from using their platforms, they may face fines of up to $50 million Australian dollars (approximately 0.235 billion RMB), and the underage users and their parents who violate the regulations will not be punished.
The eighth.$Coinbase (COIN.US)$ Fell by 4.75%, with a turnover of 2.915 billion US dollars.
13th place. $Super Micro Computer (SMCI.US)$ Dropped by 6.93%, with a turnover of 194.7 billion US dollars. On the news front, the company stated in documents submitted later on Tuesday that it prepaid and terminated loan agreements with Cathay Bank and Bank of America due to recent revisions making them more burdensome. This move freed up some cash and lifted restrictions related to the company's late financial statement audits. The company's stock price has been falling continuously since Tuesday.
Ranked 14th.$Broadcom (AVGO.US)$Rose by 1.51%, with a turnover of 1.782 billion US dollars. On Friday, the US semiconductor sector closed higher.
Ranked 17th $Alphabet-C (GOOG.US)$ The market fell by 0.19%, with a turnover of 1.575 billion US dollars. On November 28th, Google announced the purchase of approximately 1,400 hectares of land in the Kajaani and Muhost regions of Finland as a key step in its expansion of cloud computing and datacenter infrastructure in Finland. The total value of this land transaction exceeds 27 million euros (about 0.207 billion RMB), facilitated by Metsahallitus, the Finnish National Forest Asset Management Company, who highlighted that such a large-scale land transaction is not common in Finland.
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)$Increased by 1.92%, with a turnover of 1.488 billion US dollars. According to Counterpoint Research's "Wafer Foundry Quarterly Tracker," driven by strong demand for artificial intelligence, the global wafer foundry industry's revenue in the third quarter of 2024 increased by 27% year-on-year and 11% quarter-on-quarter. With strong support from the demand for smartphones and AI semiconductors, leading-edge nodes including Taiwan Semiconductor's N3 and N5 processes have become the main growth drivers of the wafer foundry industry.
Editor / jayden
