Top 20 U.S. Stock Market Transactions
On December 3rd’s U.S. stock market trading, Apple, NVIDIA, and Tesla remained in the spotlight. Apple hit a new all-time high with a market value surpassing $3.67 trillion and a trading volume of $9.136 billion. Meanwhile, NVIDIA and Tesla made major announcements, revealing future development plans and facing legal challenges, respectively.
NVIDIA Continues to Strengthen, Possible Future Acquisitions
NVIDIA topped the U.S. stock market transactions on Tuesday, with a trading volume of $22.403 billion, closing up 1.18%. NVIDIA's chief financial officer indicated the company is considering acquisitions to capitalize on its growing cash flow. Additionally, NVIDIA announced the launch of its next-generation "Blackwell Ultra" GB300 AI servers in 2025, expected to significantly outperform current products. The Blackwell architecture has previously attracted significant market attention, drawing collaboration from many tech giants and contributing substantial revenue. Despite some shortcomings with the Blackwell architecture, demand for its AI servers remains strong, exciting both investors and the market.
Tesla Faces Legal Challenges Over Compensation Plan
Tesla shares fell 1.59% on Tuesday, with a trading volume of $19.932 billion. Tesla announced its Shanghai Gigafactory delivered 79,000 vehicles in November, a 15% month-on-month increase and a record for this year’s single-month sales. Despite this, Tesla is facing a legal challenge. The Delaware Court of Chancery again rejected CEO Elon Musk's substantial compensation plan, initially valued at $2.6 billion and now estimated at $56 billion, marking the highest compensation in U.S. corporate history. The court ruled that Tesla's board overly relied on Musk’s influence when approving the plan in 2018, thus maintaining its previous decision to dismiss the plan. Musk retains the right to appeal this decision to the Delaware Supreme Court.
Apple Remains Ahead, Faces Global Regulatory Pressure
Apple performed well, closing up 1.28%, with a market value surpassing $3.67 trillion and a trading volume of $9.136 billion. Apple recently announced plans to invest $1 billion in Indonesia as part of efforts to lift the country's sales ban on iPhone 16. Furthermore, Apple is facing a collective lawsuit from UK app developers, accusing it of excessive commission charges on the App Store. If the lawsuit progresses, Apple might need to pay compensation of nearly $1 billion for its anti-competitive practices. Apple's pricing policy has long been a focus for global regulators, leading to reforms announced in January this year to appease EU regulatory concerns.
Improved Relations Between Meta and Trump, Social Media Stock Prices Rise
Meta Platforms' stock increased by 3.51%, with a trading volume of $8.944 billion. Recently, Meta CEO Mark Zuckerberg showcased the latest "Orion Glasses" technology at a private dinner, earning praise from U.S. President-elect Trump. This event signified a thawing of tensions between Zuckerberg and Trump, despite Trump's previous accusations that Zuckerberg attempted to obstruct his election during the 2020 presidential elections.
Other Corporate Dynamics
AMD closed down 4.26% on Tuesday, giving back some of Monday's significant gains. Microsoft edged up 0.05%, with a trading volume of $7.335 billion, facing antitrust investigations related to its AI and OpenAI deals. Palantir’s stock reached a historic high, with a gain of 6.88% and a trading volume of $6.984 billion. Amazon closed up 1.30%, with a trading volume of $6.764 billion, with reports indicating over 60% of its store's sales are from independent sellers.
Intel closed down 6.10%, with a trading volume of $2.874 billion, as the company searches for a new CEO and approaches Murphy, an executive from Marvell Technology. Applovin’s stock surged 7.62%, with a trading volume of $2.657 billion.
In summary, tech stocks led the way in the December 3rd U.S. stock market, with strong performances from major stocks like Apple and NVIDIA, although Tesla and Intel faced certain legal and management challenges.
