Top 20 in US Stock Market Trading Volume: Cathie Wood expects Tesla's stock price to soar to $2,600 within five years.

On Tuesday, Tesla, the No. 1 in terms of trading volume on the US stock market, closed 3.50% higher, with a trading volume of $41.182 billion. Renowned investor Cathie Wood predicts that Tesla's stock price will soar to $2,600 within five years, that is, she forecasts that the stock will increase by 10 times.

 

In addition, data shows that despite the overall increase in the registration volume of electric vehicles in the European market in February, Tesla's market share in Europe continued to shrink year-on-year. This is already the second consecutive month of declining sales for the pure electric vehicle manufacturer.

 

The No. 2 in trading volume, NVIDIA, closed down 0.59%, with a trading volume of $20.057 billion. It is reported that Apple is ordering NVIDIA's GB300 NVL72 system worth approximately $1 billion, which is equivalent to about 250 servers, each priced at between $3.7 million and $4 million. This indicates that the company "has officially joined the competition for large-scale AI server clusters".

 

Currently, Apple is collaborating with Dell and Super Micro Computer to develop large-scale server clusters to support generative artificial intelligence applications.

 

Meta Platforms, ranked No. 3, closed 1.21% higher, with a trading volume of $9.575 billion. It is said that India plans to cancel a controversial 6% digital advertising tax policy to ease US concerns and its own pressure, and to promote progress in the bilateral trade agreement. It is expected that US technology giants such as Google, Meta, and Amazon will benefit from this.

 

This move by the Indian government is a response to Washington's concerns. Previously, former US President Donald Trump threatened to impose retaliatory tariffs on trade partners including India starting from April 2, which has caused widespread concern among Indian exporters.

 

Sources said that the Indian Parliament is expected to pass the bill this week, and this tax adjustment will officially take effect on April 1. The Indian Ministry of Finance did not immediately respond to requests for comment.

 

Apple, ranked No. 4, closed 1.37% higher, with a trading volume of $7.672 billion. Informed sources revealed on Tuesday that Apple has adjusted the browser options of the iPhone to comply with the EU's Digital Markets Act (DMA), and is expected to avoid potential fines and rectification orders as a result. The European Commission is expected to conclude this investigation, which was launched in March last year, early next week. Previously, regulators believed that Apple's browser interface design may hinder users from switching to competing products.

 

Amazon, ranked No. 6, closed 1.21% higher, with a trading volume of $7.48 billion. Amazon released its 2024 Brand Protection Report, showing that in 2024, Amazon seized and properly disposed of more than 15 million counterfeit products globally.

 

Over the past year, Amazon has invested more than $1 billion globally and hired thousands of employees, including machine learning scientists, software developers, and expert investigators.

 

Strategy, ranked No. 8, closed 1.81% higher, with a trading volume of $5.063 billion. Recently, the company purchased approximately $584 million worth of Bitcoin. This move is also regarded by the cryptocurrency market as the core driving force behind the recent sharp rebound in the trading prices of cryptocurrencies such as Bitcoin.

 

Google's Class A shares, ranked No. 10, closed 1.72% higher, with a trading volume of $4.095 billion. Google executives recently stated that quantum computing technology will be able to achieve practical applications that modern computers cannot complete within just five years.

 

Julian Kelly, the quantum hardware director of Google's Quantum AI division "Quantum AI", said in an interview with the media that quantum computers may play a role in cutting-edge physical research in the future and even generate new types of data.

 

Kelly said, "We believe that in about five years, quantum computers will have a real breakthrough in practical applications, and these applications cannot be solved by traditional computers."

 

Alibaba, ranked No. 14, closed down 1.29%, with a trading volume of $2.391 billion. Joe Tsai, the Chairman of Alibaba, warned that there may be a bubble forming in data center construction, believing that the construction speed may exceed the initial demand for artificial intelligence (AI) services.

 

He said that large technology companies, investment funds, and other entities are scrambling to build server bases from the United States to Asia, and it is starting to seem indiscriminate. Joe Tsai said at the HSBC Global Investment Summit held in Hong Kong on March 25 that many of these projects were under construction without having clearly defined customers.

 

"I'm starting to see the signs of a certain bubble emerging," Joe Tsai told the attendees. He added that some envisioned projects started raising funds without obtaining letters of intent. "I start to worry when people build data centers with a speculative mentality. Now there are a lot of people and a lot of funds coming out to raise billions or millions of dollars."

 

Joe Tsai specifically mentioned the spending in the United States. Just this year, Amazon, Alphabet, and Meta Platforms respectively committed to investing $100 billion, $75 billion, and up to $65 billion in AI infrastructure.

 

Walmart, ranked No. 16, closed down 3.12%, with a trading volume of $2.377 billion. Walmart is collaborating with JPMorgan Chase with the aim of accelerating the payment speed to merchants selling goods on Walmart's online platform. The head of embedded finance and solutions at JPMorgan Chase said that this cooperation will facilitate merchants on Walmart's marketplace platform to accept and make payments, and manage cash flow with the help of JPMorgan Chase's system.