Source: Global Market Broadcast
On Thursday, the 8th ranked stock Broadcom closed down 2.28%, with a trading volume of 5.995 billion USD; the 12th ranked stock PDD Holdings closed up 3.97%, with a trading volume of 4.263 billion USD; the 15th ranked stock Alibaba closed down 4.39%, with a trading volume of 3.25 billion USD.
On Thursday, the U.S. stock market's trading volume ranked first.$NVIDIA (NVDA.US)$It closed up 0.86%, with a transaction volume of 29.475 billion USD. NVIDIA announced on March 18 that it is establishing a research center in Boston to provide cutting-edge technology to promote the development of quantum computing.
The NVIDIA Accelerated Quantum Research Center (NVAQC) will integrate leading quantum Hardware with AI supercomputers to achieve accelerated quantum supercomputing. NVAQC will help address some of the most challenging problems in the field of quantum computing, covering topics from qubit noise to transforming experimental quantum processors into practical devices. Leading innovative companies in the quantum computing field such as Quantinuum, Quantum Machines, and QuEra Computing will collaborate with NVAQC, engaging in deep collaboration with researchers from top academic institutions such as the Harvard Quantum Initiative (HQI) and the Massachusetts Institute of Technology (MIT) Engineering Quantum Systems Group (EQuS) to jointly advance the development of quantum technology.
2nd place.$Tesla (TSLA.US)$The stock rose by 0.17%, with a transaction volume of 23.16 billion USD. Tesla announced on Thursday that it would recall almost all Cybertruck electric pickups with futuristic design due to the discovery that the external stainless steel trim could fall off while driving and pose a safety hazard. This marks the eighth recall for this model since its launch.
This recall involves approximately 0.046 million vehicles, covering all vehicles produced from November 13, 2023 (the date the first mass-produced Cybertruck rolled off the production line) to February 27 of this year. According to a report Tesla submitted to the National Highway Traffic Safety Administration (NHTSA) on Tuesday, although only about 1% of the vehicles in this batch have defects, the company decided to conduct a full recall as a safety precaution.
The report shows that as of March 14, Tesla has detected 151 warranty claims potentially related to the trim issue, but the company emphasized that "no collisions or injuries related to this condition have been reported so far."
Additionally, renowned Wall Street technology Analyst Dan Ives from Wedbush warned that Tesla is in crisis and Musk must adjust his Global Strategy; only the return of the founder can solve the issue.
After a brutal three-month decline in Tesla's stock price, this Analyst pointed out that Tesla CEO Elon Musk must refocus on Tesla's Business. He emphasized, "Musk urgently needs to change the current route... Tesla's future hinges on this," and frankly stated that the company is experiencing a "significant crisis," with only the founder capable of turning the tide.
Ranked 3rd.$Meta Platforms (META.US)$The stock rose by 0.33%, with a transaction volume of 14.451 billion USD. Meta Platforms announced on Thursday that starting this week, the Meta AI chatbot will be launched on WhatsApp, Facebook, Instagram, and Messenger in 41 European countries and 21 overseas regions, but it is currently limited to text-based chat functions.
Ranked 4th$Apple (AAPL.US)$Closed down 0.53%, with a trading volume of 10.464 billion USD. Sources reveal that Apple is undertaking a rare adjustment of its executive team, aiming to get the troubled AI business back on track after months of setbacks.
CEO Cook lost confidence in the product development abilities of AI department head John Giannandrea, so another executive, Mike Rockwell, the creator of Vision Pro, will take over this matter. Sources indicate that Rockwell will be responsible for the Siri voice assistant.
Rockwell will report to Software Chief Craig Federighi, and Siri will be completely removed from Giannandrea's oversight. Apple is expected to announce HR changes this week.
This move highlights the predicament Apple faces, as its AI technology is significantly lagging behind industry competitors, and the company shows little sign of catching up.
6th place$Amazon (AMZN.US)$Closed down 0.30%, with a trading volume of 7.603 billion USD. Amazon announced on Thursday that it has begun selling carbon credits to its suppliers, business customers, and other companies, which can be used to offset carbon emissions. This move comes amid intense debate among businesses, project developers, and scientists about the extent to which carbon credits should be used to help companies reduce emissions and how to ensure the quality of these credits. The company stated in a press release that several companies, including Flickr, real estate consultancy group Seneca, and consumer electronics company Corsair, have already participated in the program.
In addition, the Indian product certification agency announced on Thursday that during warehouse raids targeting Amazon and$Walmart (WMT.US)$its subsidiary Flipkart, both were found to have violated Indian quality control rules because their inventory products lacked the required standard certificates.
Ranked 8th.$Broadcom (AVGO.US)$Closed down 2.28%, with a trading volume of 5.995 billion USD. Reports on Thursday indicated that due to a surge in Broadcom's HBM orders, SK Hynix plans to bring in equipment at its new M15X factory two months ahead of schedule. Equipment delivery was originally planned for December but has now been moved up to October.
Ranked 9th.$Alphabet-A (GOOGL.US)$Closing down 0.67%, with a transaction volume of 4.579 billion USD. Recently, Google's parent company, Alphabet, raised their Quote, announcing the acquisition of cloud security startup Wiz for 32 billion USD. After that, Goldman Sachs and UBS Group released Research Reports commenting on the Trade.
According to the Research Reports, Goldman Sachs reiterated a "Buy" rating for Alphabet with a Target Price of 220 USD. UBS Group maintained a "Neutral" rating for Alphabet and set a Target Price of 209 USD. The Target Prices given by both investment banks are higher than Google's previous historical high of 206 USD.
12th.$PDD Holdings (PDD.US)$Closing up 3.97%, with a transaction volume of 4.263 billion USD. PDD Holdings announced its performance for the fourth quarter and the whole year of 2024, with total revenue of 110.61 billion yuan for the fourth quarter, a year-on-year increase of 24%; the Net income attributable to PDD Holdings' ordinary shareholders was 29.85 billion yuan, a year-on-year increase of 17%. For the entire year of 2024, total revenue was 393.8361 billion yuan, a year-on-year increase of 59%; the Net income attributable to PDD Holdings' ordinary shareholders was 122.3436 billion yuan, a year-on-year increase of 80%.
Chen Lei, Chairman and Co-CEO of PDD Holdings, stated that in 2025, PDD Holdings will focus on a high-quality development Global Strategy, leveraging the platform's digital advantages to expand the upward scale of "new quality supply" and continuously promote the Industry to advance to a new quality stage, fully working to build a win-win ecosystem for users, merchants, and platforms.
Ranked 15th.$Alibaba (BABA.US)$Closed down 4.39%, with a transaction volume of 3.25 billion USD. Kai-Fu Lee, founder and CEO of Zero One Technology, recently stated that the industry transformation led by DeepSeek has completely overturned the development model of the AI Industry. The Chinese market may ultimately only have three major AI model companies left: DeepSeek, Alibaba, and ByteDance, with DeepSeek currently having the strongest momentum.
Ranked 16th.$Accenture (ACN.US)$Closed down 7.26%, with a transaction volume of 3.211 billion USD. Accenture announced its second-quarter earnings. For the second quarter ending February 28, revenue in USD increased by 5% year-on-year to 16.7 billion USD, exceeding expectations. GAAP EPS rose by 7% year-on-year to 2.82 USD, slightly above the expected 2.81 USD.
Looking ahead, Accenture expects third-quarter revenue to be between 16.9 billion USD and 17.5 billion USD (with a midpoint of 17.2 billion USD), while the market generally expects 17.22 billion USD.
Accenture also warned that Elon Musk's efforts to cut U.S. government spending have begun to impact its revenue. The company’s CEO, Julie Sweet, stated on the conference call, "The new government has a clear goal—to improve the efficiency of federal government operations. In this process, many new procurement actions have already slowed down, negatively affecting our sales and revenue."
Ranked 20th.$Applovin (APP.US)$Closed up 3.27%, with a transaction volume of 2.571 billion USD.
Editor/Jeffy
