On Wednesday, Tesla ranked first in trading volume on the US stock market, soaring by 14.75%, with a trading volume of 47.022 billion US dollars. Nvidia, the second place, rose by 4.07%, with a trading volume of 34.871 billion US dollars. Amazon, ranking third, rose by 3.80%, reaching a new all-time high in stock price, with a trading volume of 14.781 billion US dollars.
On Wednesday, the trading volume of US stocks ranked first. $Tesla (TSLA.US)$ Soared by 14.75%, with a trading volume of 47.022 billion US dollars. Boosted by the news of Trump's victory in the US presidential election, Tesla's stock price surged. According to Forbes' data, Tesla's sharp rise boosted the wealth of the company's founder and CEO Musk by 20.9 billion US dollars in a single day, with total assets reaching 285.6 billion US dollars, far exceeding Jeff Bezos, who ranks second on the global rich list.
Musk is an important supporter of Trump. After Trump's victory, Musk jokingly said, 'No need to consider going to a labor camp.'
Analysts believe that due to Tesla CEO Musk's support for Trump, the electric car manufacturer will be one of the main beneficiaries of Trump's return to the White House.
In the early hours of November 6th local time, Trump declared victory at the Palm Beach County Convention Center in Florida. In Trump's victory speech, he mentioned Musk 11 times in just 3 minutes. Previously, Musk had spent over 0.132 billion US dollars to support Trump's campaign, possibly hoping the new government will relax regulations on Tesla, especially in the area of autonomous driving technology.
2nd place $NVIDIA (NVDA.US)$ Rising by 4.07%, with a trading volume of 34.871 billion US dollars. As of Wednesday's close, Nvidia's market cap exceeded 0.357 billion US dollars, further solidifying its position as the world's largest company by global market cap.
Analysts believe that over the past two years, Nvidia's performance and market cap have been steadily rising, mainly benefiting from the global AI boom and its leadership position in the GPU field. As the importance of AI continues to rise, governments and enterprises worldwide are increasingly recognizing its significance and are stepping up their investments, expecting the AI chip industry to continue to accelerate.
Ranked third, up 0.71%, trading at $8.267 billion. According to media reports, the Apple iPhone 16 series has entered full-scale production, and Foxconn's Zhengzhou factory is expanding its workforce to meet production targets. The expected sales target for iPhone 16 series this year is 90 million units, with a hope to achieve 95 million units. $Amazon (AMZN.US)$ Surging by 3.80%, reaching a historical high stock price, with a trading volume of 14.781 billion US dollars. Amazon's founder and executive chairman Bezos celebrated Trump's victory with a post on X, calling it an "extraordinary political comeback and a decisive victory".
The fourth most traded stock rose 1.72%, with a transaction volume of $9.743 billion. According to sources, a department of the Competition Commission of India (CCI) has launched a preliminary investigation into Apple this year, finding that Apple has had a significant impact on consumers in providing digital products and services. The focus of the investigation is that Apple is suspected of abusing its dominant position in the app market, forcing developers to use its proprietary in-app purchase system, which costs up to 30%. $Apple (AAPL.US)$ Fell by 0.33%, with a turnover of $12.182 billion. According to reports, the European Commission is set to issue Apple Inc. the first fine under the Digital Markets Act (DMA), which could amount to as much as €1.8 billion, equivalent to RMB 13.9 billion. The reason is that Apple Inc. does not allow app developers to guide users to choose purchasing methods other than Apple, causing users to miss out on better prices. The penalty decision may be finalized within this month.
Just a few months after Apple Inc. was fined €1.8 billion ($2 billion) by the EU for similar charges, this potential fine carries significant implications. This is because the Digital Markets Act stipulates that the European Commission has the authority to impose fines of up to 10% of the global annual revenue on first-time offenders, with the fine increasing to 20% for repeated violations.
If Apple Inc. continues to resist compliance, the European Commission will impose daily fines, up to 5% of the company's daily revenue.
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.' $Microsoft (MSFT.US)$ Rose by 2.12%, with a turnover of $11.152 billion.
Ranked 7th among virtual currency electronic trading platforms $Coinbase (COIN.US)$ Rising by 31.11%, with a trading volume of 8.523 billion US dollars. After Trump's victory, Bitcoin, considered one of the 'Trump trades,' soared to $75,000 per coin, hitting a new historical high with a surge of over 8%. Investors expect the Trump administration to support digital assets.
$MicroStrategy (MSTR.US)$ Rising by 13.17%, with a trading volume of 6.677 billion US dollars. The cryptocurrency sector of the U.S. stock market rose across the board on Wednesday, as the market predicts that the Trump administration will support digital assets.
Rank 9. $Trump Media & Technology (DJT.US)$ Rising by 5.94%, with a trading volume of 6.657 billion US dollars. The news of Trump's victory propelled the stock to a significant increase. In early trading on Wednesday, the stock rose by over 24%, but later its increase rapidly narrowed, and due to volatility, trading was halted. After resuming trading, its stock price gradually fell back. So far this year, the stock has still fallen by over 49%.
Rank 10 $Eli Lilly and Co (LLY.US)$ Falling 3.68%, trading volume of 6.407 billion USD. Danish pharmaceutical giant Novo-Nordisk's weight loss drug Wegovy exceeded market expectations in the third quarter, while Eli Lilly's similar product had poor sales in the same quarter.
13th place. $JPMorgan (JPM.US)$ Rising 11.54%, trading volume of 5.836 billion USD. The news of Trump's victory boosted bank stocks, with JPMorgan, Bank of America, and Wells Fargo all seeing significant increases as investors bet on Trump fulfilling his promises to lower taxes and relax banking regulations. Bank of America, ranked 14th, rose 8.43%, with a trading volume of 4.823 billion USD. Goldman Sachs, ranked 17th, rose 13.10%, with a trading volume of 4.663 billion USD. Wells Fargo & Co, ranked 18th, rose 13.11%, with a trading volume of 4.572 billion USD.
Editor/rice