Tesla, which ranked number one in US stock turnover, closed down 3.16% on Wednesday and traded 25.535 billion US dollars. According to Tesla's official blog, Tesla once again announced price cuts on Wednesday. The highest price reduction in this round reached 62,000 yuan. The current Model S model starts at 754,900 yuan, with the original price of 808,900 yuan; the current model X starts at 836,900 yuan, and the original price is 898,900 yuan. Tesla cut prices in the Chinese market for the second time in three days, further heightening investors' concerns that a price war might break out in the Chinese electric vehicle market.

Nvidia, which ranked second, closed down 1.03%, with a transaction of US$22.936 billion. Delivery of the Nvidia A800 to customers in mainland China may need to be scheduled until the first quarter of next year. Additionally, Nvidia and Benchmark have jointly invested in AI startup MindSDB.

Raymond James analyst Srini Pajjuri reiterated Nvidia's “strong buy” rating, raising the target price to $500 and raising his expectations for the company. It is expected that as the AI spending boom continues, demand for GPUs will “significantly” exceed supply.

Baird said Nvidia could usher in “another supercycle” driven by artificial intelligence, reaffirmed Nvidia's “outperform the market” rating, and raised the target share price from $475 to $570.

UBS analyst Timothy Arcuri reaffirmed Nvidia's “buy” rating and raised the target share price from $800 to $850.

Brokerage firm Rosenblatt raised Nvidia's target price from $600 to $800.

The third-place Johnson & Johnson closed down 0.32%, with a transaction of US$14.855 billion.

The fourth largest company, Apple closed down 0.5%, with a transaction of US$8.84 billion. According to the news, Apple plans to increase production of 3.2 million iPhones this year. Additionally, the company plans to shift 25% of production to India by 2025.

AMD, which ranked 6th, closed down 3.74% and traded US$100 million.

Amazon, which ranked 7th, closed down 1.89%, with a transaction of 5.621 billion US dollars. Amazon said it will display advertisements for Amazon-sponsored products on the Pinterest and Buzzfeed platforms; it will charge merchants that ship their own products; and even if the company faces antitrust lawsuits, it will still charge customers new fees.

Eighth-place Meta Platforms closed down 2.54% and traded US$5.376 billion.

The 11th place, Target closed 2.96% higher, with a transaction of 3.1 billion US dollars. The company announced quarterly profits that exceeded expectations, benefiting from reduced discounting activities and improved inventory management capabilities, but the company lowered its full-year sales and profit guidelines.

Alibaba, ranked 13th, closed down 2.7%, with a transaction of US$2,059 billion. As of Wednesday's close, the stock had been falling for the fourth consecutive trading day, with a cumulative decline of more than 10% over the four days.

Netflix, ranked 15th, closed down 1.95%, with a transaction of US$1,645 billion. Recently, Netflix announced that as part of testing in Canada and the UK, the company is expanding its game offerings to TVs, PCs, and Macs. Currently, Netflix games aren't available on Apple TV, but the company says other devices will “continue to be added.”

ExxonMobil, ranked 16th, closed down 1.68%, with a transaction of US$1,465 million. ExxonMobil plans to overhaul two multi-plants at its Beaumont Refinery in Texas (the second-largest refinery in the US), which produces 61,9024 barrels per day, in 2024. According to reports, Exxon plans to shut down the hydrocracking plant and hydrotreating unit that produce 65,000 barrels of diesel per day in January 2024. In August next year, the 180,000-barrels-per-day crude oil distillation unit (CDU) and the 60,000-barrels-per-day coking unit are scheduled to be discontinued for maintenance.

TJX, the 19th largest clothing retailer in the US, closed 4.13% higher and traded US$1,335 million.

The following are the 20 most actively traded US stocks on the same day (by turnover):

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