Top 20 in US stock trading volume: Super Micro Computer Up over 40% This Week, to Build AI Park with Saudi's DataVolt
On Friday, Tesla topped the trading volume of US stocks, closing up 2.09% with a trading volume of $31.608 billion. The stock has risen 17.3% cumulatively this week. It is reported that in the first three months of this year, Tesla reported a delivery volume of 336,681 vehicles, a year-on-year decrease of 13%, lower than the expected 390,000 vehicles. This is Tesla's worst-performing quarter in terms of delivery since the second quarter of 2022.
NVIDIA ranked second in trading volume, closing up 0.42% with a trading volume of $29.606 billion. The stock has risen more than 16% cumulatively this week. NVIDIA is seeking to establish a research and development center in Shanghai to help the world-leading artificial intelligence processor manufacturer maintain its competitiveness in China. According to people familiar with the plan, the R&D center will study the specific needs of Chinese customers.
Insiders said that the Shanghai team will also participate in global R&D projects, including verifying chip designs, optimizing existing products, and key industry research such as autonomous driving. NVIDIA CEO Jensen Huang also hopes to ensure that he can obtain top-notch artificial intelligence talent in China.
UnitedHealth Group ranked third in trading volume, closing up 6.40% with a trading volume of $19.858 billion. Although the stock closed higher on Friday, it has fallen 23.3% cumulatively this week, the fifth consecutive week of decline, with a cumulative decline of 34.6% in five weeks.
On Thursday, the media disclosed that the US Department of Justice has launched a criminal investigation into UnitedHealth, focusing on allegations that it inflated the risk scores of patients' conditions in its Medicare Advantage business to defraud federal subsidies.
In addition, according to public information, Soros Fund more than doubled its holdings in UnitedHealth in the first quarter.
Coinbase Global ranked fourth in trading volume, closing up 9.01% with a trading volume of $19.155 billion. The stock has risen 33.68% cumulatively this week.
On Thursday, the media confirmed that the US Securities and Exchange Commission (SEC) has been investigating whether Coinbase, the cryptocurrency exchange, overstated its user numbers. It is reported that the focus of the investigation is the number of "certified users" reported by the company.
In various securities filing documents and marketing materials, the company claims that its user number exceeds 100 million. This news has led to a decline in the company's stock price. This investigation began during the Biden administration, which is notorious for its hostility to the cryptocurrency industry, and has continued under the leadership of the SEC, which was more friendly to cryptocurrencies during the Trump administration.
Coinbase's Chief Legal Officer Paul Grewal said, "This is a delay in the investigation by the previous administration into an indicator that we stopped reporting two and a half years ago, and this indicator has been fully disclosed to the public." "We explained that the verified user indicator includes all those who have verified their email addresses or phone numbers with us, so it may overestimate the number of independent users."
Microsoft ranked seventh in trading volume, closing up 0.25% with a trading volume of $107.24 billion. Microsoft announced a number of new commitments on Friday, planning to split its Office 365 and Microsoft 365 software suites from the Teams office communication application to address the competition concerns of European regulators and avoid possible huge anti-monopoly fines.
The European Commission, the executive body of the European Union, issued a statement on Friday saying that Microsoft has made a series of commitments regarding the controversy over "bundling Teams with commonly used productivity tools such as Word and Outlook".
Google's Class A shares ranked 11th in trading volume, closing up 1.36% with a trading volume of $70.64 billion. There were reports on Friday that Google had been increased in holdings by the famous investor Bill Ackman.
Broadcom ranked 15th in trading volume, closing down 1.73% with a trading volume of $52.29 billion.
Super Micro Computer ranked 18th in trading volume, closing up 4.98% with a trading volume of $45.11 billion. The stock has risen 44.26% cumulatively this week. Super Micro Computer announced on Friday that it has reached a strategic partnership with Saudi data center DataVolt to initially build a super-large-scale artificial intelligence campus in the Kingdom of Saudi Arabia.
This partnership is subject to negotiation between the two sides and the completion of one or more final agreements. The minimum expected market value of the products in the transaction is $20 billion.
It is reported that this cooperation will accelerate the delivery of Super Micro Computer's ultra-dense GPU platform, storage and rack PnP system, serve DataVolt's super-large-scale gigawatt-class renewable and net-zero green artificial intelligence campus, and provide customers with unprecedented scale and sustainability.