Nvidia, the number one in US stock turnover, closed down 0.99% and traded US$24.399 billion on Monday. Broker Keybanc maintained Nvidia's increase rating, and the target price was adjusted from $1,100 to $1,200.
The second-place Tesla closed 4.90% higher, with a transaction of US$17.944 billion. The company's CEO Musk revealed that Tesla is making every effort to develop autonomous vehicle technology, and the cumulative investment in the field of autonomous driving will exceed 10 billion US dollars this year. Furthermore, Musk recently revealed that the highly anticipated robotaxi driverless autonomous taxi will be officially unveiled on August 8.
But Adam Crisafulli, founder of securities analysis firm Vital Knowledge, cautioned: “Investors need to restrain their enthusiasm about this stock and its various product announcements, as there is often a huge gap between hype and speculation and reality. This seems like an example of Tesla trying to divert attention from the very bleak electric car market.”
The third-place Berkshire A share (BRK.A) closed down 0.41% and traded US$10.64 billion. According to media reports on April 8, in the Libby region of Montana in the US, hundreds of local residents have died and thousands have become ill due to exposure to asbestos. Buffett's American Burlington Northern Santa Fe Railway Transportation Company is facing charges for failing to control polluting dust clouds.
Over the past few decades, the Burlington Northern Santa Fe Railway Transportation Company has transported vermiculite, an insulating material, from Libby to all parts of the country, and this vermiculite contains asbestos. The railway transportation company is accused of not being able to effectively control polluting dust clouds containing asbestos, causing them to settle in the Libby region, posing a serious health threat to local residents.
Fourth place AMD closed down 0.31% to $7.418 billion. Recently, the first image of AMD's next-generation Ryzen “Granite Ridge” desktop processor was revealed. The processor is based on Zen 5 architecture and has 8 cores and 16 threads.
The fifth Meta Platforms closed down 1.53% to reach $6.867 billion. Meta recently announced its next major product, the first AR glasses.
According to reports, to celebrate the 10th anniversary of its Reality Labs division, Meta published a blog post outlining the department's history. At the end of the article, Meta mentioned these AR glasses.
Amazon, which ranked 6th, closed 0.06% higher, with sales of US$7.231 billion. Some Amazon employees in China are reported to have received a layoff notice email from the headquarters. According to the content of the leaked email, Amazon said it had optimized teams in other areas of the business and found “duplication in job categories such as project management and sales operations,” thereby reducing hundreds of positions in specific sales, marketing, and global service organizations.
Apple, in 7th place, closed down 0.67% and sold $6.277 billion. According to media reports, Apple's Apple TV may have a built-in camera in the future, and users will be able to make FaceTime video calls through the camera to enable remote interaction with family members or friends. Furthermore, through gesture recognition technology, the camera will also provide users with a new control method, making the TV more intuitive and convenient to use.
In 8th place, Microsoft closed down 0.22% and traded $6.055 billion. Microsoft collaborated with Quantinuum, a quantum computer hardware business company, to find a way to greatly reduce quantum computer errors when running experiments on quantum computers. Quantinuum provided the H2 computer (based on ion trap qubits), and Microsoft added logical qubit software. Together, they created 4 logical qubits using 30 physical qubits. The research team conducted 14,000 experiments on H2, and the results did not produce any detectable errors. Further testing showed that the system has an error rate of 1 in 100,000, which is about 800 times better than the performance of the same quantum computer without Microsoft's logic qubits.
#11 MicroStrategy closed 5.14% higher at $3.106 billion. The rise in cryptocurrencies has led to a general rise in blockchain concept stocks in the US. On Monday, Bitcoin broke through 71,000 US dollars/coin during the day, and Ethereum rose nearly 5% to break above 3,550 US dollars.
Furthermore, BTIG analyst Andrew Harte said that MicroStrategy has risen by nearly 130% so far this year, which is driven by higher Bitcoin prices. As Bitcoin soars, there is room for MicroStrategy's stock to rise further. Analysts reiterated the stock's “buy” rating and raised the target price to $1,800.
The 12th Coinbase Global closed 6.68% higher and traded $2.53 billion.
The 13th Google Class A stock (GOOGL) closed 1.54% higher and traded US$3.181 billion. There is news that Google is considering buying HubSpot, a marketing software developer with a market capitalization of $34 billion, a move that could trigger opposition from regulators. Google has been weighing the antitrust risks of potential deals and has yet to decide whether to make a takeover offer. Nearly a dozen antitrust experts and industry analysts said in interviews and analysis reports that Google's acquisition is unlikely to hinder competition.
Auddia, the 14th largest audio technology company, closed 147.55% higher with a transaction of US$714 million.
In 15th place, Cisco closed down 0.64% and traded $685 million. Cisco and Ford Motor Company announced that the Cisco Webex app for meetings and collaboration is now available for download in the new Ford and Lincoln Digital Experience, giving customers the freedom to work anywhere they choose and provide a seamless connectivity and immersive meeting experience. Webex and Ford are jointly pioneering customised solutions optimized for vehicles, transforming them into a true alternative to a work space other than a home or office.
