September 2 US Stock Trading Volume Top 20: Judge Rules Google Does Not Need to Divest Android or Sell Chrome

Deep News
Sep 03

NVIDIA, the top US stock by trading volume on Tuesday, closed down 1.97% with $38.924 billion in trading volume. The stock briefly fell below its 50-day moving average during intraday trading.

Additionally, NVIDIA stated on Tuesday: "Sales of H20 products have no impact on our ability to supply other NVIDIA products. Rumors that H20 leads to reduced supply of H100/H200 or Blackwell are completely false. We have sufficient H100/H200 products to meet every order demand without delay."

Tesla ranked second, closing down 1.35% with $18.762 billion in trading volume. According to the latest statistics from China Passenger Car Association (CPCA), Tesla's Shanghai Gigafactory delivered 83,192 vehicles in August 2024, setting a new record for 2024. Tesla representatives noted that the consistently positive market performance demonstrates Tesla's solid advantages in product strength and user trust.

On September 2, Tesla simultaneously launched nationwide deliveries of two important new models: the luxury six-seat SUV Model Y L, and the Model 3 Long Range Rear-Wheel Drive with up to 830 kilometers of range, which were officially delivered to the first batch of Chinese customers.

According to reports, since launching sales in mid-July, the company has received only about 600 vehicle orders in India, falling short of market expectations. The Model Y electric SUV, priced at approximately 6 million rupees (about $68,100), marks Tesla's official entry into the Indian market. Due to logistics and market challenges, Tesla's delivery range in India is currently limited to four major cities.

Palantir ranked third, closing up 0.24% with $10.163 billion in trading volume.

Apple ranked fourth, closing down 1.04% with $9.331 billion in trading volume. After Tuesday's US market close, a US judge ruled that Alphabet does not need to stop paying Apple and other companies for pre-installing Google products. This ruling drove Apple's stock price up more than 3% in after-hours trading.

Amazon ranked sixth, closing down 1.60% with $8.55 billion in trading volume. Amazon announced the official launch of the Asia Pacific (New Zealand) region through Amazon Web Services (AWS), committing to invest over NZ$7.5 billion in infrastructure construction.

This investment is expected to create more than 1,000 jobs annually and contribute NZ$10.8 billion to New Zealand's GDP. This new AWS region, powered entirely by renewable energy, aims to accelerate digital transformation in the region and enhance cloud service resilience.

Alphabet Class A stock (GOOGL) ranked seventh, closing down 0.73% with $8.424 billion in trading volume. A US judge ruled that Alphabet must share information with competitors to correct its monopolistic behavior in the online search field.

The judge also ruled that the final judgment will not require Alphabet to divest the Android operating system, nor does Alphabet need to sell Chrome.

Following the announcement of these rulings, Alphabet surged 6.7% in after-hours trading.

Additionally, the EU has suspended plans to immediately penalize Alphabet's Google for abusing its dominant position in the advertising technology sector, due to concerns that former President Trump might retaliate by undermining transatlantic trade agreements.

Sources indicate that EU regulators had internally scheduled to impose fines on the US tech giant on September 1 and require changes to its business model.

Broadcom ranked tenth, closing up 0.29% with $5.757 billion in trading volume. Morgan Stanley analyst Joseph Moore recently pointed out in an in-depth report focusing on extended network technology that rack-scale AI business is creating value at an astonishing pace, expected to bring a $17 billion new market opportunity for companies like Astera Labs, NVIDIA, Broadcom, and Marvell Technology.

Alibaba ranked eleventh, closing up 2.63% with $5.651 billion in trading volume. The company released its second quarter 2024 financial report for the period ending June 30, 2024. The financial report showed that in the second quarter, Alibaba's overall revenue reached 247.652 billion yuan, a year-over-year increase of 2%; net profit was 42.382 billion yuan, with a year-over-year growth rate of 76%, far exceeding previous market expectations.

Robinhood ranked thirteenth, closing down 3.07% with $4.082 billion in trading volume. Over the weekend, a US court partially restored lawsuits regarding stock selling after Robinhood's IPO.

MicroStrategy ranked fourteenth, closing up 2.16% with $3.781 billion in trading volume. According to disclosures, the company purchased 4,048 bitcoins for a total price of $449.3 million between August 26 and September 1, bringing the company's total bitcoin holdings to 636,505 bitcoins.

TSMC ranked sixteenth, closing down 1.07% with $3.147 billion in trading volume. Recently, TrendForce released the revenue ranking of the world's top ten foundry operators for the second quarter of 2024. Driven by early inventory buildup due to consumer subsidies in the Chinese market and the impact of chips for smartphones and laptops/PCs to be released in the second half of the year, the revenue of the world's top ten foundries reached over $41.7 billion, with a quarterly increase of 14.6%, setting a new record.

Specifically, TSMC's revenue ranking remains firmly in first place, even with a commanding lead. TSMC's revenue in the second quarter of 2024 reached $30.24 billion, an 18.5% increase compared to the first quarter, directly capturing 70% of the foundry market with a market share of 70.2%.

CoreWeave ranked seventeenth, closing down 9.41% with $3.103 billion in trading volume. NVIDIA-related stocks generally declined on Tuesday.

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