No. 1 in US stock turnover on Wednesday$NVIDIA (NVDA.US)$It closed down 2.5% and traded $52.86 billion. J.P. Morgan analyst Dubravko Lakos-Bujas warns that the best-performing stocks in the market are overcrowded, increasing the risk of an impending pullback. He said, “Many favorable factors have already been digested,” including corporate earnings reports and the Federal Reserve's expectations. Other than the prospects for Nvidia and AI innovation, he sees little to no surprising positive news.

According to another report, Meta Platforms CEO Zuckerberg posted a photo of him exchanging jackets with Nvidia CEO Hwang In-hoon on Instagram on Tuesday. According to the media, this interesting interaction not only marks a change in Zuckerberg's personal style, but also suggests potential cooperation between Meta and Nvidia in the field of artificial intelligence.

Second place$Tesla (TSLA.US)$The closing was 1.22% higher, and the transaction was US$14.6 billion. Citi lowered Tesla's target price from $224 to $196, and lowered its first-quarter delivery forecast to 429,900 units (up 2% year over year).

Morgan Stanley maintains a target price target of $320 for Tesla and maintains an “overweight” rating. Daimo analyst Jonas believes that Tesla and$Contemporary Amperex Technology (300750.SZ)$The cooperation may “change the rules of the game”, and the cooperation between the two will bring new impetus to the US electric vehicle market.

3rd place$Apple (AAPL.US)$The closing was 2.12% higher, and the transaction was $10.4 billion. Apple's 35th World Developers Conference (WWDC) will be held online from June 10th to 14th. According to the news, Apple is stepping up efforts to launch subscription services in China, such as Apple TV+ and Apple Arcade games.

According to research firm Canalys, Apple is expected to release M4 series chips in the first quarter of 2025, focusing on AI functions.

6th place$Microsoft (MSFT.US)$It closed down 0.05% and traded $7.03 billion. Well-known Wedbush strategist Dan Ives raised Microsoft's target price from $475 to $500, saying that the company's artificial intelligence business is a major growth accelerator, which means that the company's current stock price will rise by about 18%. Leading this optimism is the success of Microsoft's AI assistant tool Copilot, which Wedbush previously thought was the foundation of the “Microsoft iPhone Moment.”

Phil Spencer, head of Microsoft's gaming division, said the company's decision to lay off 1,900 employees stemmed from a lack of growth in the game industry as a whole.

Spencer said the lack of growth in the industry is forcing listed game companies to cut costs. “My biggest concern is the lack of growth in this industry,” Spencer said. “When an industry expects the number of players and revenue to drop next year, listed game companies need to show investors growth, because if it doesn't grow, who will hold shares in these companies?”

7th place$Amazon (AMZN.US)$The closing price was 0.86% higher, and the transaction was US$5.96 billion. Amazon was fined 31 million zlotys ($7.8 million) in Poland for misleading consumers in terms of product availability and delivery dates, the Polish Office of Competition and Consumer Protection said on Wednesday.

The regulator said it has received complaints from customers saying they have not received orders, and “ordinary consumers have the right to believe that the purchase options, availability and delivery times offered by traders are not misleading.”

10th$Meta Platforms (META.US)$It closed down 0.41% and traded at US$4.92 billion. Recently, media speculated that Meta might collaborate with Nvidia in the field of artificial intelligence. According to another report, Meta is still planning to bring the upcoming low-cost version of the Quest 3 to the Chinese market through cooperation with Tencent.

14th$Coinbase (COIN.US)$ Global closed down 3.79% to $2.9 billion. Manhattan federal judge Katherine Polk Failla ruled on Wednesday that much of the US securities regulator's lawsuit against Coinbase could go ahead, but dismissed allegations that Coinbase acted as an unregistered broker through its wallet app.

The US Securities and Exchange Commission sued Coinbase in June last year, alleging that the company facilitated the transaction of at least 13 cryptocurrencies that were supposed to be registered as securities and illegally operated the business of national stock exchanges, brokers, and clearing agencies without registering with regulators.

16th$Intel (INTC.US)$The closing was 4.24% higher, and the transaction was $2.21 billion. Intel announced on Tuesday that it will extend AI features based on Intel Core Ultra processors to the commercial field, bringing innovation in commercial computer technology. This time, Intel shared the products and industry applications of commercial client AI PCs with more than 35 ISVs (independent software developers) and 10 OEM (original equipment manufacturer) partners, showcasing the three AI engines of the Core Ultra processor CPU+GPU+NPU to meet the three major generative AI (AIGC) on AI PC rules of economy, physics, and data privacy, driving generative AI surges.

In addition, Intel is also helping domestic ISV partners build full-stack AI solutions for education, manufacturing, and medical industries based on Intel AI PCs and other powerful commercial client products and technologies, promoting the digital transformation of the industry and accelerating the spread of commercial AI PC experiences everywhere.

17th$Trump Media & Technology (DJT.US)$The closing was 14.19% higher, and the transaction was $2.17 billion. Although the stock price continued to rise sharply on the two days of listing, Investing Group Leader analyst Jonathan Weber warned that DJT's rise will be driven by speculation until the social media platform can show resilient user growth and improved financial conditions.

DJT also warned that it is expected to experience “significant” losses in the foreseeable future, adding that it may never generate enough revenue to be profitable.

19th place$Merck & Co (MRK.US)$It closed 4.96% higher, and the stock price reached a record high of US$2.11 billion. The US Food and Drug Administration (FDA) approved the company's new drug, sotatercept, to treat pulmonary hypertension (PAH) on Tuesday.

edit/ruby