On Tuesday, Nvidia, the number one in terms of US stock turnover, closed 1.18% higher and traded $22.403 billion. Nvidia's chief financial officer said on Tuesdaymergers and acquisitionsProbably one possible use for the company's growing cash.
It is also reported that Nvidia will soon launch its highly anticipated next-generation “Blackwell Ultra” GB300 AI server in mid-2025, which far exceeds existing products in terms of performance.
Previously, Nvidia's Blackwell architecture had received widespread attention in the market and was favored by many tech giants, bringing Nvidia considerable revenue. Despite the shortcomings of Blackwell's architecture in some areas, demand for its AI servers is still strong. Today, it looks like Nvidia is fully preparing for the upcoming “Blackwell Ultra” lineup.
The second-place Tesla closed down 1.59% and traded $19.932 billion. Tesla said its Shanghai Gigafactory delivered 0.079 million vehicles in November, an increase of 15% over the previous month. Meanwhile, in November, Tesla sold more than 0.073 million vehicles domestically, setting a new high in monthly sales since this year.
According to another report, US Delaware District Judge Kathryn St. John McCormick once again rejected Tesla CEO Musk's high salary plan on December 2, local time. The judge believes that Tesla's board of directors was too influenced by Musk when approving Musk's salary plan in 2018, so it decided to stick to its January ruling and once again rejected the salary plan.
The compensation plan was initially valued at $2.6 billion, but by the time the judge cancelled it, it had risen to $56 billion. This is the highest compensation plan ever for an American business executive, and its rejection this time could drastically cut Musk's wealth and have an impact on the future of his company Tesla. Musk has the right to appeal the decision to the Delaware Supreme Court.
Apple, in 3rd place, closed 1.28% higher, reaching a record high of 9.136 billion US dollars, with a market capitalization of 3.67 trillion US dollars. Indonesian Investment Minister Rosan Roeslani said on Tuesday that Apple has indicated its intention to invest 1 billion US dollars in Indonesia, 10 times the amount proposed by the company last month. This is Apple's latest effort to lift Indonesia's ban on iPhone 16 sales.
There are also reports that Apple is facing a class action lawsuit from British app developers. They accuse Apple of charging up to 30% commission on App Store sales and imposing anti-competitive taxes on the British tech industry.
British competition policy professor Sean Ennis, who is in charge of this case, said that Apple may have to reimburse up to 0.013 million developers up to 0.785 billion pounds (0.995 billion US dollars) of fees. A judge in the UK Competition Appeals Court rejected Apple's plea to block the case, paving the way for the case to continue.
Apple's app charging policy has been the focus of global regulators, and the company announced reforms aimed at appeasing EU regulators in January. These reforms have received close attention from the European Union, as people are concerned that the new provisions will actually make the situation worse for developers.
The fourth-largest social media giant Meta Platforms closed 3.51% higher and traded $8.944 billion. According to reports, Meta CEO Zuckerberg recently showed US President-elect Trump the company's latest Orion eyewear technology at a private dinner and received praise from Trump. This move proved the easing of the relationship between the two.
In August of this year, Trump, who is still running for president, claimed that Zuckerberg conspired to block his election during the 2020 US presidential election. Trump also warned that if he did this again, Zuckerberg “would spend the rest of his life in jail.”
The 5th ultra-microcomputer closed down 4.26%, partly taking back the huge increase it received on Monday, and traded $8.573 billion. Ultramicrocomputer announced the results of an investigation on Monday, refuting rumors that the company “failed to submit financial reports on time and faced the risk of delisting,” saying there was no evidence that the company's management had committed fraud. The company's shares surged nearly 30% on Monday.
The storm began with a report released by the shorting agency Hindenburg Research (Hindenburg Research) in August of this year, which indicated that ultra-microcomputers have “accounting manipulation” and other acts. The news caused panic in the market. NASDAQ also threatened to “delist”, and Chaowei Computer was in trouble. After that, Ultramicrocomputer announced that it would delay the publication of its annual report, and its stock price also got on a “roller coaster.”
In 7th place, Microsoft closed 0.05% higher at $7.335 billion. Microsoft's artificial intelligence software sales and OpenAI deals have been targeted by the FTC investigation, which accuses the FTC of leaking news of its antitrust investigation.
Furthermore, Microsoft is also facing legal action in the UK. The British prosecution pointed out that thousands of companies using cloud computing services provided by Amazon, Google, and Alibaba may have to pay higher license fees to use Windows server software.
British antitrust prosecutor Maria Luisa Stasi filed a lawsuit with the Competition Appeals Court on Tuesday, alleging that British companies and organizations may be owed more than 1 billion pounds (1.27 billion US dollars) in total compensation. She said, “Simply put, Microsoft is punishing British businesses and organizations that use Google, Amazon, and Alibaba cloud computing, forcing them to pay more for Windows Server. Microsoft is doing this to force customers to use its cloud computing service Azure and limit competition in the industry.”
The 8th place Palantir closed 6.88% higher, and its stock price reached a record high of 6.984 billion dollars. Palantir announced that its cloud services have obtained the US Federal Risk and Authorization Management Program (FedRAMP) “High Authorization” certification, which will enable the company to provide services to more US government agencies.
No. 9 Amazon closed 1.30% higher at $6.764 billion. Amazon said on Tuesday that during the Black Friday (that is, the Friday after Thanksgiving, November 29), more than 60% of Amazon store sales came from independent sellers.
The 11th Google Class A shares closed down 0.09% and traded $3.444 billion. Alphabet's Google is pushing for a court trial rather than a jury trial in a group of state antitrust lawsuits accusing the company of monopoly advertising technology. Google said in a motion filed with the U.S. District Court for the Eastern District of Texas on Sunday that jury jurisdiction under the Seventh Amendment does not apply to each state's antitrust claims or charges under the Deceptive Trade Practices Act. It also asked the court to dismiss states' requests for a jury to participate in potential civil penalties.
14th place Intel closed down 6.10% and traded $2.874 billion. Intel is currently looking for a new CEO, and the company has allegedly contacted Murphy, an executive of Mewell Technology.
Gersinger, the former CEO of Intel, officially retired and resigned from the board of directors on December 1. The decision caught the board of directors off guard. To this end, the company quickly set up a search committee to find Gersinger's successor.
The 15th AppLovin closed 7.62% higher at $2.657 billion.
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