US Stock Highlights: Tesla Falls 6.34%, Apple Teams Up with Alibaba, Intel Rises Strongly
On February 11, Eastern US Time, the US stock market was actively traded. Tesla led the decline, closing down 6.34%, marking its largest single-day drop since December 18, 2024. Meanwhile, Apple's shares rose 2.18% after announcing a partnership with Alibaba to develop AI capabilities, and Intel surged over 6.07% boosted by favorable AI policy news.
Tesla's Shanghai Energy Storage Gigafactory Begins Production, Stock Drops Sharply
Despite a major advancement in the Chinese market with Tesla's Shanghai Energy Storage Gigafactory officially starting production, Tesla's stock still fell 6.34%, with a trading volume of $39.218 billion. Located in the Lin-gang area of the Shanghai Free Trade Zone, the factory will produce commercial energy storage batteries to supply the global market, supporting the global energy transition.
The Tesla Energy Storage Gigafactory broke ground in May 2024 and completed acceptance testing and trial production in just 7 months, demonstrating Tesla's efficient execution in the new energy sector. However, concerns about the company's global sales and profitability continue to pressure its stock price.
Trump Authorizes Musk to "Audit" the Pentagon, Drawing Attention
Part of the reason for Tesla's stock decline may be related to Musk's political activities. On Tuesday, US President Trump formally authorized the Government Efficiency Team led by Musk to review the spending of the US Department of Defense. This decision has drawn significant attention in US political circles, as the Pentagon has long been criticized for budget opacity, having never undergone a complete financial audit.
While the market has yet to determine whether this decision will directly impact Tesla's business, Musk's increased political role could heighten focus on his business decisions.
Apple Partners with Alibaba to Develop AI, Stock Rises
Apple (AAPL) closed up 2.18% on Tuesday with a trading volume of $12.167 billion. According to The Information, Apple is collaborating with Alibaba to develop artificial intelligence (AI) features for iPhone users in China. Currently, the feature has been submitted for regulatory approval.
Sources have revealed that Apple tested AI models from several Chinese companies in 2023, initially selecting Baidu as a partner but ultimately canceling due to technical standards not being met. Recently, Apple turned to evaluate tech companies like Tencent, Alibaba, and ByteDance, finally choosing Alibaba to advance AI development together.
Market analysts see this move as one of Apple's strategies to address declining iPhone sales in the Chinese market, aiming to enhance localized AI features and improve user experience.
Intel Rises Over 6%, Boosted by AI Policy and New Product Success
Intel (INTC) stock rose 6.07% on Tuesday with a trading volume of $3.166 billion. US Vice President Vaness stated at the French AI Summit that the Trump administration will ensure the most powerful AI systems are built in the US, using domestically-manufactured chips. This statement is seen as favorable to US semiconductor companies like Intel, driving up its stock price.
Additionally, Intel's latest laptop processor, Core Ultra 9 275HX, outperformed the AMD Ryzen 9 7945HX3D in PassMark benchmark tests, becoming the strongest comprehensive performance laptop processor currently available. This performance breakthrough further boosts confidence in Intel's product competitiveness.
Other Popular Stock Updates
- Palantir (PLTR) fell 3.45%, with trading volume of $10.699 billion. Wedbush Securities analyst Dan Ives notes that the AI software era is in full swing, with Palantir and Salesforce poised to excel in the 2025 AI revolution.
- Alibaba (BABA) rose 1.31%, with trading volume of $6.22 billion. Its collaboration with Apple is seen as a further enhancement of its AI strategy.
- Super Micro Computer (SMCI) fell 9.47%, with trading volume of $5.257 billion. The company delayed its SEC financial report amid short-seller accusations and US justice and SEC investigations, leading to a significant stock drop.
- Charles Schwab (SCHW) rose 2.50%, with trading volume of $4.909 billion. Canada's TD Bank announced the sale of its 10.1% stake in Charles Schwab, valued at approximately $15.4 billion.
- Shopify (SHOP) rose 3.08%, with trading volume of $4.195 billion. The company's fourth-quarter revenue reached $2.81 billion, exceeding market expectations, and it anticipates a year-over-year gross profit growth rate in the low 20% range by 2025.
- MicroStrategy (MSTR) fell 4.53%, with trading volume of $3.889 billion.
Summary: Market Sentiment Fluctuates, AI and Policy Factors Drive Stock Movements
Overall, the US stock market showed mixed performance on Tuesday, with Tesla leading the decline due to its significant stock price drop, Apple and Alibaba's AI collaboration boosting stock prices, and Intel experiencing a rise due to favorable AI policies and product breakthroughs. Meanwhile, stocks like Palantir, Super Micro Computer, and Charles Schwab faced different market influences, presenting varied trends.
There is widespread attention on Federal Reserve policies, new economic measures from the Trump administration, and further developments in the AI and semiconductor industries. As AI technology continues to be integrated and the Fed's policy path becomes clearer, the US stock market is expected to remain highly volatile.
