Top 20 U.S. stocks by turnover on April 16: Musk said Tesla is simplifying its sales and delivery system

Nvidia, the No. 1 U.S. stock trading volume on Tuesday, closed 1.64% higher, with a turnover of $32.129 billion. According to TrendForce, the previous generation of the Nvidia GB200 was the GH200, and shipments are estimated to account for only about 5% of the overall Nvidia high-end GPUs.

At present, the industry has high hopes for Nvidia GB200, and it is estimated that shipments will exceed one million units in 2025, accounting for nearly four to fifty percent of Nvidia's high-end GPUs. It is expected that products such as GB200 and B100 will have the opportunity to be officially increased from the fourth quarter of this year to the first quarter of 2025. As NVIDIA's B series including GB200, B100, B200, etc. will consume more CoWoS production capacity, TSMC has also increased its CoWoS production capacity demand for the whole year of 2024, and it is estimated that the monthly production capacity will be close to 40,000 by the end of the year, an increase of more than 150% compared with the total production capacity in 2023.

No. 2 Tesla closed down 2.71%, with a turnover of $15.102 billion. Musk said on Tuesday that Tesla is streamlining its sales and delivery system.

It is also reported that two of Tesla's top executives have left. On April 15, two Tesla executives, Drew Baglino and Rohan Patel, also announced their departures after announcing in an internal email that they would lay off 10% of their global workforce. Baglino was one of Tesla's early employees, having been in the company for 18 years, as senior vice president of powertrain and energy engineering at Tesla, reporting directly to Elon Musk. Patel joined Tesla in 2016 and served as vice president of public policy and business development.

No. 3 Apple closed down 1.92%, with a turnover of $12.361 billion. Apple CEO Tim Cook said on Tuesday that he wants to improve the quality of his investment in Vietnam. In addition, according to media reports, Apple is in advanced negotiations with the Tata Group's Titan and Murugappa Group to assemble and even manufacture sub-assemblies of the iPhone camera module.

According to data released by Canalys, global smartphone shipments in the first quarter of 2024 increased by 11% year-on-year as the global macro economy recovers and consumer demand picks up. Samsung returned to the top with a 20% market share. Apple is in second place with a market share of 16% and faces challenges in its strategic focus markets.

No. 4 AMD closed 1.96% higher, with a turnover of $8.995 billion. AMD officially launched a new generation of AI PC innovations for the business computing industry, namely new processors for the commercial market. Commenting on the new products, Ronak Shah, AMD's Worldwide Marketing Manager for Commercial Products, said, "They are arguably the industry's best products for desktops, workstations and laptops in the commercial sector. These products, which are about to be officially released, can be said to surpass the achievements that have been made in the past, and will take another big step forward in the two areas of product performance and energy efficiency. ”

No. 6 Microsoft closed 0.23% higher, with a turnover of $6.948 billion. Microsoft has invested $1.5 billion in G42, a UAE-based AI company, and has been given a seat on the board. On the evening of April 15, local time, Microsoft released an official blog post announcing that Microsoft would invest $1.5 billion in G42, an AI company headquartered in the United Arab Emirates, to obtain a minority stake and board seats in G42. The two companies will work together to develop AI products and support the establishment of a $1 billion fund for developers to improve AI skills in the UAE and the wider region.

No. 7 Supermicro Computer closed 10.60% higher, with a turnover of $6.513 billion.

No. 8 Amazon closed down 0.16%, with a turnover of $5.96 billion. Amazon Music launches a new AI playlist generator, Maestro.

It is also reported that Amazon announced that it will reduce sales commissions for clothing products with low customer unit price in 11 marketplaces around the world from May 15 (local time).

No. 9 United Health closed up 5.22%, with a turnover of $5.568 billion. The healthcare giant said in a statement Tuesday that Q1 adjusted earnings per share were $6.91, beating analysts' average estimates of $6.59 per share. Q1 revenue was $99.8 billion, up 8.6% year-on-year, also exceeding analysts' expectations of $99.3 billion. UnitedHealth expects earnings per share to be in the range of $17.60 to $18.20, mainly due to cyberattacks and the sale of its Brazilian operations, but maintains its guidance for 2024 adjusted earnings per share of $27.50 to $28.00.

UnitedHealth reported first-quarter profits that beat Wall Street expectations and confirmed its outlook for the year, despite losses related to a cyberattack on one of the company's subsidiaries that threw the healthcare industry into turmoil. Analysts have warned that the outcome could be difficult to predict as the February cyberattack hampered the flow of data and payments across the U.S. healthcare industry. The incident has made investors, already frightened by rising medical costs, wonder if insurers will have a clear picture of their medical expenses.

No. 10 Meta Platforms closed down 0.09%, with a turnover of $4.913 billion. Meta Platforms said on Tuesday that it would suspend access to Threads in Turkey to comply with a temporary order from the country's competition watchdog prohibiting the app from sharing data with Instagram. Meta said the suspension would be temporary as it plans to appeal the Turkish Competition Authority's order.

Bank of America, the 13th, closed down 3.53%, with a turnover of $3.184 billion. Bank of America beat analysts' expectations in both fiscal first quarter profit and revenue, with interest income and investment banking both better than expected. Revenue was $25.98 billion, down 1.8% year-over-year, compared to analysts' expectations of $25.46 billion. Net income was $6.7 billion, or 76 cents per share, down 18% year-over-year. Adjusted earnings per share, which excludes $700 million in FDIC special assessment charges, were 83 cents versus analysts' expectations of 76 cents.

No. 14 JPMorgan Chase closed down 1.14%, with a turnover of $2.893 billion. JPMorgan Chase & Co. CEO Jamie Dimon announced plans to sell 1 million shares of the bank last year, bringing the total sale to that level after selling nearly $33 million on Monday.

According to Monday night's announcement, Dimon sold 178,222 shares at about $184 per share. During his tenure, JPMorgan shares outperformed the broader market and peers, reaching a record high at the end of last month.

No. 18 Netflix closed 1.71% higher, with a turnover of $2.168 billion. Netflix will report its first-quarter 2024 results on April 18. The market expects Netflix's first-quarter revenue to be about $9.3 billion, which is expected to increase by about 14% year-on-year, slightly above the company's guidance of $9.24 billion. Earnings per share are expected to remain at $4.50, compared to $2.88 in the year-ago quarter.