Tesla (TSLA, Financial) topped the U.S. stock turnover list, closing up 3.50% with a trading volume of $41.182 billion. Renowned investor Cathie Wood anticipates Tesla's stock price could surge to $2,600 within five years, a tenfold increase. Despite a rise in overall electric vehicle registrations in Europe, Tesla's market share there continues to decline year-over-year, marking the second consecutive month of sales drop for the electric vehicle manufacturer.
NVIDIA (NVDA) saw a slight decrease of 0.59%, with a trading volume of $20.057 billion. Reports suggest that Apple is ordering NVIDIA's GB300 NVL72 systems worth approximately $1 billion, equivalent to about 250 servers priced between $3.7 million and $4 million each. This move indicates Apple's entry into the AI large server cluster race, collaborating with Dell and Super Micro Computer (SMCI) to develop these clusters for generative AI applications.
Meta Platforms (META) rose 1.21%, trading $9.575 billion. India plans to repeal a controversial 6% digital advertising tax, potentially benefiting U.S. tech giants like Google, Meta, and Amazon. This decision addresses U.S. concerns and aims to advance bilateral trade agreements. The tax adjustment is expected to take effect soon, pending parliamentary approval.
Apple (AAPL) increased by 1.37%, with a trading volume of $7.672 billion. Apple is reportedly adjusting iPhone browser options to comply with the EU's Digital Markets Act (DMA), potentially avoiding fines and corrective orders. The EU Commission is expected to conclude its investigation soon, initiated last March over concerns about Apple's browser interface design limiting competition.
Amazon (AMZN) rose 1.21%, trading $7.48 billion. The company reported seizing and properly handling over 15 million counterfeit items globally in 2024. Amazon invested over $1 billion last year, employing thousands, including machine learning scientists, software developers, and expert investigators.
Strategy saw a 1.81% increase, trading $5.063 billion, after purchasing roughly $584 million worth of Bitcoin, a move seen as a key driver in the recent cryptocurrency market rebound.
Google's (GOOGL) Class A shares increased by 1.72%, with a $4.095 billion trading volume. Google executives predict quantum computing will achieve practical applications beyond modern computers within five years, potentially impacting advanced physics research and generating new data types.
Alibaba (BABA) fell 1.29%, trading $2.391 billion. Chairman Joe Tsai warned of a potential bubble in data center construction, suggesting the pace may exceed initial AI service demand. He highlighted speculative investments in data centers, particularly in the U.S., as a concern.
Walmart (WMT) dropped 3.12%, trading $2.377 billion. The company is partnering with JPMorgan Chase to expedite payments to sellers on Walmart's online platform, enhancing cash flow management through JPMorgan's systems.
