Nvidia, the No. 1 stock in terms of trading volume in the U.S. on Monday, closed up 4.35% with a turnover of $40.013 billion. Nvidia has risen for the sixth consecutive trading day, with a cumulative increase of more than 24% in six days.
Tesla ranked second, closing up 3.05% with a turnover of $16.745 billion. Recently, a group of photos of Tesla’s new generation Roadster appeared on overseas social media. According to Musk’s previous news, this car will be officially put into production next year, which has been delayed for 7 years. AMD AI
Musk is confident about the Roadster’s future, saying it “is going to be something special,” even going so far as to say it “is not a car anymore.”
When asked if the Roadster would be a flying car, Musk replied “Maybe”, adding: “It will have some kind of rocket technology, and I think the only way to be cooler than Cybertruck is to combine the technology of Tesla and SpaceX to create a product that goes beyond the concept of a car… something unheard of before.” At the same time, Musk also revealed that the new Roadster will use a wire-controlled Yoke steering wheel, similar to the control method of an airplane or a modern jet airliner.
AMD, ranked third, closed up 4.52% with a turnover of $9.211 billion. AMD announced on Monday (August 19, 2024) that it plans to acquire server manufacturer ZT Systems for $4.9 billion through a combination of cash and stock. This is AMD’s second large acquisition recently. AMD recently completed the acquisition of Silo AI, the largest private laboratory in Europe, for approximately $665 million.
According to AMD’s announcement, ZT Systems provides AI infrastructure for the world’s largest hyperscale computing company. This transaction marks the next important step in AMD’s artificial intelligence strategy, which is to provide leading training and reasoning solutions based on cross-chips, software and systems. The transaction has been unanimously approved by AMD’s board of directors, and the acquisition is expected to be completed in the first half of 2025, subject to approval by some regulatory authorities and satisfaction of other closing conditions. AMD will look for strategic partners to sell ZT Systems’ U.S. data center infrastructure manufacturing business.
It is worth noting that NVIDIA and OpenAI have always been customers of ZT Systems. In June this year, ZT Systems announced the launch of the ACX200 solution using the NVIDIA GB200 Grace Blackwell super chip for next-generation accelerated computing.
Therefore, given the relationship between Nvidia and AMD, this means that after AMD completes the acquisition of ZT Systems, its cooperation with Nvidia may cease.
Microsoft, ranked fifth, closed up 0.73% with a turnover of $5.881 billion. According to the latest analysis by Omdia, the annual growth rate of shipments of Microsoft’s ARM chip architecture AI laptops is expected to reach 534% in 2025.
Meta Platforms, ranked sixth, closed up 0.34% with a turnover of $5.196 billion. Recently, three well-known financial institutions, including Goldman Sachs, Barclays, and Sequoia Capital, have issued warnings, pointing out that the current AI field has too high expenditures but too low returns. To maintain its leading position in the field of artificial intelligence, Meta Platforms, the parent company of Facebook, has invested a lot of money in building infrastructure, including purchasing high-end chips, building data centers, and investing in power supply.
Meta expects full-year capital expenditures to swell to $40 billion. The analysis points out that although no one is comparing the AI craze to the cryptocurrency hype bubble a few years ago, a major problem with AI today is that it is unknown when the benefits of technological progress will be apparent.
Amazon ranked seventh and closed up 0.66% with a turnover of $5.162 billion. Amazon announced on Monday that it would acquire Xperi subsidiary Perceive for $80 million in cash. Perceive is a company based in San Jose, California, USA, that provides edge inference solutions for artificial intelligence models for edge devices. Xperi holds approximately 76% of Perceive’s shares.
This acquisition will enable Amazon to develop edge AI technology further and enhance its competitiveness in this field.
No. 9 Google Class A shares (GOOGL) closed up 2.28% with a turnover of $3.572 billion. At Google’s recent new product launch, the new AI features of the Pixel 9 series attracted attention. Well-known financial journalist Mark Gurman commented after watching the launch, pointing out that Apple has lagged behind in the field of AI by at least 2 to 3 years.
He stressed that Google’s series of new products fully demonstrated its leading position in the field of AI, while Apple still lags behind Google and other competitors for many years in this field. This became even clearer when Google released its latest Pixel device last week. Although Apple Intelligence can aggregate information and summarize recordings, the latest Pixel phone can also completely change the background of photos, obtain information from pictures, and sync to calendars, etc.
Netflix, ranked 13th, closed up 2.15% with a turnover of US$2.05 billion.
TSMC ranked 15th, closing up 0.52% with a turnover of US$1.916 billion. TSMC’s first European 12-inch plant will hold a groundbreaking ceremony on August 20. The plant is located in Dresden, Germany, and is expected to introduce 28/22nm planar complementary metal oxide semiconductor (CMOS) technology and a 16/12nm fin field effect transistor (FinFET) process. The planned initial monthly production capacity is about 40,000 pieces. TSMC plans to start operations in Europe by the end of 2027, with an estimated cost of more than 10 billion euros (US$10.8 billion). So far, TSMC’s overseas investment in Germany, Japan, and the United States, totaling nearly US$100 billion, has been fully launched.
McDonald’s ranked 20th, closing up 3.25% with a turnover of $1.479 billion. McDonald’s has risen for six consecutive trading days, with its stock price hitting a five-month high. Evercore analyst David Palmer maintained McDonald’s buy rating and raised the target price from $300 to $320.
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