The most actively traded stock on the US market on Wednesday$Tesla (TSLA.US)$Closed 4.08% higher with a turnover of $38.509 billion.
On the news front, five months after releasing an accelerated artificial intelligence development plan, the Trump administration has begun to shift its focus to robotics. According to sources, Commerce Secretary Lutnick has been meeting with CEOs from the robotics industry and is "spare no effort" in accelerating the sector's growth. The Trump administration is considering issuing an executive order on robotics technology next year, while the Department of Transportation is preparing to announce the establishment of a robotics task force, which may be unveiled before the end of the year.
Ranking: 2nd$NVIDIA (NVDA.US)$Closed 1.03% lower with a turnover of $29.258 billion.
NVIDIA CEO Jensen Huang met with Trump on Wednesday. The two discussed export controls, with Huang expressing support for them. Huang stated: "We should ensure that American companies have access to the best, cutting-edge, and largest number of chips."
Trump praised Huang, saying he has "done an excellent job."
3rd place$Microsoft (MSFT.US)$Closed 2.5% lower with a trading volume of $16.119 billion.
A spokesperson for Microsoft stated that the company has not reduced sales quotas or targets for its sales personnel. The Information's report mistakenly conflated the concepts of growth and sales quotas.
Microsoft emphasized: As we communicated prior to the release, the overall sales quota for AI products has not been lowered.
The AI boom provides enterprises with opportunities to enhance efficiency and streamline tasks. Companies developing these agents have been actively promoting the powerful capabilities of these tools, which can take over tasks and allow employees more time to focus on other activities.
Firms such as OpenAI, Google, Anthropic, Salesforce, and Amazon each possess their own tools for creating and managing these AI assistants. However, the adoption momentum of these tools by traditional enterprises has not been as rapid as in other areas of the AI ecosystem.
On December 3 EST, The Information reported that sales of Microsoft's Foundry product have lagged behind. Foundry is an Azure enterprise platform where businesses can build and manage AI agents. Within the Azure division, less than one-fifth of the sales personnel achieved the 50% sales growth target for Foundry. In another division, the sales quota was set to double Foundry sales. Due to most salespeople failing to meet their quotas, the target was subsequently reduced to 50%.
4th place $Alphabet-A (GOOGL.US)$ Closed 1.21% higher with a trading volume of $12.819 billion.
Waymo, a subsidiary of Google, announced the launch of its autonomous driving services in Baltimore and St. Louis.
In addition, the company announced that it has begun testing a new feature that integrates its AI Overview with the AI mode in search. This means that after users receive the now-common AI-generated snapshot of key information above their search results, they can choose to ask follow-up questions in a conversational interface for deeper exploration.
Google refers to this conversational feature as AI mode. The feature was launched for U.S. users in May and globally in August, allowing users to engage in two-way conversations with Google's Gemini AI, offering an experience similar to ChatGPT.
7th place$Amazon (AMZN.US)$Shares closed down 0.87%, with trading volume reaching $8.22 billion.
Amazon announced on Wednesday: Core content from Sony Pictures is now available on the Prime Video platform in the United States and Canada.
Bank of America Securities raised its price target for Amazon from $272.00 to $303.00 per share.
10th place$Advanced Micro Devices (AMD.US)$ Closed up 1.10% with a trading volume of $6.147 billion.
Lisa Su, the company’s CEO, stated on Wednesday that the memory shortage “could cause minor disruptions in the artificial intelligence market.”
11th Place$Netflix (NFLX.US)$Closed down 4.93% with a trading volume of $5.525 billion.
Reports on Wednesday indicated that the company’s chairman, Hastings, had sold 375,470 shares of the company’s stock.
13th place$Marvell Technology (MRVL.US)$Closed up 7.87% with a trading volume of $5.231 billion.
The company reported third-quarter revenue of $2.075 billion, a year-over-year increase of 37%, surpassing expectations of $2.069 billion. Adjusted earnings per share came in at $0.76, exceeding forecasts of $0.74. The company anticipates that its data center business revenue will grow by over 25% year-over-year in fiscal year 2027, significantly higher than the market expectation of 16%, and predicts further acceleration in growth for fiscal year 2028.
JPMorgan raised Marvell Technology's target price from $120 to $130.
16th place$Oracle (ORCL.US)$Shares closed 3.30% higher with a trading volume of $3.893 billion.
Amid the ongoing artificial intelligence (AI) investment boom, the market had been concerned that Oracle might issue up to $100 billion in debt to fund its AI ambitions. Worries over Oracle's debt situation drove its five-year credit default swap (CDS) to spike to the highest level in three years. However, BNP Paribas believes that Oracle's actual debt issuance will be significantly less than $100 billion.
BNP Paribas analyst Stefan Slowinski stated in a client report: 'We estimate that Oracle only needs to issue between $25 billion and $35 billion in additional debt to finance its AI infrastructure.' He added that even though the estimated $25 billion to $30 billion in new debt would be on top of the company’s recent $18 billion bond issuance, it is still far below the $100 billion feared by some investors.
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