Nvidia, the number one in US stock turnover, closed down 0.49% and traded US$30.658 billion on Tuesday. Nvidia's “special edition” AI chip H20 for China will be fully pre-ordered after this year's GTC 2024 conference (March 18 to March 21), and can be delivered as soon as four weeks.
In response to the sale of Nvidia, famous investor Kathy Wood said, “Our ARK Fund bought Nvidia for about $5 in 2014, and we are continuing to cash out profits after an increase of more than 150 times.”
The second-place Tesla closed 0.17% higher, with a transaction of US$21.808 billion. The all-electric Tesla Model Y crossover was included in the 2024 US Consumer Survey Report's Top 10 Preferred Vehicles List.
In third place, Apple closed up 0.81% and sold $9.685 billion. Apple will abandon its 10-year electric vehicle development plan and the team will switch to generative artificial intelligence. Apple has cancelled its decade-long electric vehicle plan and abandoned one of the most ambitious projects in the company's history, according to Apple reporter Mark Gurman, citing people familiar with the matter.
People familiar with the matter said that Apple's internal disclosure on Tuesday surprised the nearly 2,000 employees involved in the project. According to sources, Chief Operating Officer Jeff Williams and Kevin Lynch, the vice president responsible for this work, made this decision together. The two executives told employees that the project will begin to be gradually reduced, and many employees working in automotive research and development will be transferred to the artificial intelligence department. These employees will focus on generable artificial intelligence projects, an increasingly important priority for the company. The Apple Car team also has hundreds of hardware engineers and car designers, and they are also likely to apply for jobs with other Apple teams. The company will lay off employees, but the number of layoffs is currently unclear.
Tianfeng Securities released a research report saying that after surveying users in the early stages, it is believed that Apple Vision Pro still made revolutionary innovations at the two core levels of visual experience and interaction. For the first time, it introduced spatial computing concepts into the traditional 2D content ecosystem, including work, life, and entertainment, and showcased the core capabilities of the new generation platform in some demos.
The agency said it believes that after Apple provides developers with more mature development tools and 3D content continues to be enriched with AI support, Apple's Vision Pro series products will continue to be iterated and upgraded, and it is expected to take over as the next generation core computing platform.
Fourth-place Berkshire closed 0.32% higher with a transaction of US$8.735 billion. This past weekend, Berkshire Hathaway's official website published its 2023 annual report, as well as a letter to shareholders that Buffett personally writes every year.
In fifth place, AMD closed 1.13% higher, trading at $7.762 billion.
In 6th place, Pietuo Networks closed 3.95% higher, with a transaction of US$6.689 billion. According to some sources, the stock received “Capitol Hill Stock God” Pelosi to continue opening positions. According to the news, Pelosi opened a position with the US cybersecurity company Patuo Network and purchased call options twice this month.
In 7th place, Microsoft closed down 0.01% and traded US$5.986 billion. According to reports, Microsoft's GitHub released a more expensive AI software development tool. The tool can answer questions based on a company's own programming code. GitHub hopes the new tools will help new engineers adapt faster and support long-time programmers to work faster.
Amazon, which ranked 9th, closed down 0.68% and sold US$5.332 billion. US Democratic Senator Warren said in an interview on Tuesday that the US is entering a new phase of victory for antitrust enforcers. She said that several judges have previously publicly stated that they are considering splitting up some of the tech giants; “It's time for us to split up giant companies just like the Department of Justice split IBM.”
She pointed out that Google should be split into two parts of the search and browsing business; Amazon should not be allowed to dominate in a new field, and Amazon should be prohibited from operating a big language model.
The 10th Meta Platforms closed 1.10% higher at $5.02 billion. Meta Platforms plans to present and demo its first AR glasses, Orion, at the fall developer conference.
The 12th Google Class A stock (GOOGL) closed 0.95% higher and traded US$4.538 billion. Google plans to relaunch the GeminiAI model portrait generation feature in the next few weeks. According to another report, a US federal judge challenged Google Play's settlement plan for abusing its market position.
Furthermore, a US senator said Google should be split into two parts.
13th Viking Therapeutics closed 121.02% higher at $4.402 billion. Earlier, the company announced positive results from the phase II trial of its weight loss drug VK2735. VK2735 is a GLP-1 receptor agonist, and Viking is developing an injectable and oral weight loss drug to treat obesity and diabetes. The trial met all primary and secondary endpoints and showed a statistically significant reduction in body weight at all doses compared to placebo. Patients receiving weekly doses of medication lost 14.7% of their body weight from baseline after 13 weeks.
Viking Therapeutics' drug trial results have also put pressure on the shares of diet drug giants Novo Nordisk and Eli Lilly.
The 16th Netflix closed 2.39% higher at $2,656 billion. Netflix requires users who pay for their subscriptions through the Apple App Store to change their payment method.
The 19th place SoundHound closed 19.30% higher at $2,073 billion. SoundHound will release earnings this week. The company provides voice artificial intelligence solutions to enable businesses to improve the conversation experience with customers. On the shareholder forum Stocktwits, SoundHound AI is one of the most mentioned stocks.
