Tesla, which ranked No. 1 in US stock turnover on Monday, closed 0.27% higher, trading at US$26.274 billion. A Tesla executive said the company will hold a highly anticipated Cybertruck delivery event at the Texas Gigafactory on November 30 (Thursday) at 1 p.m. Central Time (3 a.m. Beijing time on Friday).
According to another report, on November 25, a Tesla hit 11 cars in a row in Chengdu, injuring 3 people and damaging many cars. The car owner involved publicly claimed that the cause of the accident was not his own, but his own Tesla.
Tesla responded on Monday (November 27) that the accident vehicle had been suspended by the police and that the company is actively cooperating with the traffic police and relevant departments in determining the accident, including cooperating with the submission of relevant vehicle data. The full picture of the final accident and the determination of responsibility are based on the report issued by the traffic police.
The second-place Nvidia closed 0.98% higher, ending the previous three consecutive days of decline and trading at US$18.978 billion.
Broadcom, the third place, closed down 2.92%, with a transaction value of US$9.174 billion. Broadcom completed a $69 billion deal to acquire cloud computing company Vmware (Vmware) last Wednesday after receiving conditional approval from China's State Administration of Market Regulation.
Broadcom issued a statement on November 22 announcing the completion of the acquisition of Verio. The latter's common stock will stop trading on the New York Stock Exchange.
The deal, announced in May 2022, is the second largest technology acquisition in the world during the year, second only to Microsoft's acquisition of Activision Blizzard for $69 billion.
However, the deal is facing intense regulatory scrutiny around the world, and the two companies have delayed the completion date of the deal three times.
Fourth-place Microsoft closed 0.31% higher to close at $378.61, the highest closing price in history, with a transaction price of $8.38 billion. Today, Microsoft's intraday high rose to $380.64, a record intraday high.
Citi analyst Fatima Boolani published a research report evaluating the annual Ignite conference held by Microsoft (MSFT.US) earlier. The analyst said that for Microsoft's cybersecurity department, this conference is more about “fine-tuning” its messaging rather than launching any breakthrough products.
Boolani said that in addition to focusing on data security pain points (which should affect companies such as Varonis Systems (VRNS.US) and AvePoint (AVPT.US)), the most prominent theme of the conference was “integration” with the Microsoft ecosystem.
“This integrated narrative does strengthen Microsoft's value pillar in the cyber sector and does not mitigate the pricing pressure/bundling consequences compared to major players in cybersecurity, Palo Alto Networks (PANW.US), Zscaler (ZS.US), and CrowdStrike (CRWD.US), but in our view, the combined effects of regulatory disclosure requirements, ransomware proliferation, geopolitical risks, and new-generation AI security blind spots that put pressure on the network budget should leave room for friendly coexistence.” Boolani wrote in the report.
Fifth place Amazon closed 0.67% higher, trading at $7.768 billion. The European Union warned on Monday that Amazon's merger and acquisition of Irobot may hurt market competition.
In addition, Saifx and Amazon Web Services (Amazon Web Services) are expanding their cooperation, and Saifx will offer some products on the AWS Marketplace.
Apple, the sixth place, closed down 0.09% and traded $7.667 billion. Analysts Wedbush released a report on Friday (24th) saying that Apple's sales performance during the holiday season was strong, and China's demand for iPhones remains positive. At the same time, analysts gave Apple an outperforming market rating, with a target price of $240. They said that despite negative voices in recent months, after investigating the Asian Apple supply chain, they found that “the Apple iPhone 15 is still very strong during the important holiday sales season, especially in China.”
The eighth-ranked Meta Platforms closed down 1.04% and traded US$5.269 billion. Attorneys general from 41 US states jointly sued social media giant META, accusing it of illegally collecting information on child accounts and insisting on using algorithms that harm the mental health of minors.
Since at least 2019, Meta has deliberately refused to close most of the accounts of children under 13 while collecting their personal information without parental consent, according to newly released court documents. Furthermore, Meta knows that its algorithm harms the mental health of minors, but refuses to change its algorithm, saying this will trigger young users to intermittently release dopamine, leading to their addictive consumption cycle on the platform.
The company has also been accused of downplaying the incidence of misinformation, hate speech, discrimination, and other harmful content on the platform. The lawsuit requires a court order prohibiting Meta from engaging in these offenses. Meta has two major social platforms, Facebook and Photo Wall, involving millions of teenagers and children, so civil penalties could be as high as hundreds of millions of dollars. Most states impose fines between $1,000 and $50,000 for each violation.
Pinduoduo, the 12th ranked Chinese securities stock, closed down 0.83% and traded at US$1,973 billion.
The 14th place, Shopify, closed 4.89% higher, with transactions of US$1,759 million. Shopify announced on the 25th local time that its global sales during Black Friday reached 4.1 billion US dollars, an increase of 22% over the previous year, reaching a record high. At the peak of shopping during this period, sales per minute reached 4.2 million US dollars. Other data showed that sales of clothing, personal care, and jewelry grew the fastest; the global average customer unit price was $110.71, or $110.08 at a fixed exchange rate; and Shopify POS spending increased 33% year over year.
The 16th ranked Coinbase closed 3.66% higher and traded $1,672 billion. Coinbase director J Conor Grogan said on Wednesday that Binance has the necessary financial resources to pay the US Department of Justice's $4.3 billion fine without liquidating its cryptocurrency assets.
Roku, number 17, closed 8.48% higher and traded at $1,653 million.
Alibaba, number 20, closed down 1.22% and traded at US$1,404 billion.
The following are the 20 most actively traded US stocks on the same day (by turnover):