Nvidia, the number one in US stock turnover, closed down 3.22% and traded $33.481 billion on Friday.

Nvidia reported on Wednesday that revenue for the third fiscal quarter was 35.082 billion US dollars, up 94% year on year, up 17% month on month; net profit was 19.309 billion US dollars, up 109% year on year, up 16% month on month; adjusted net profit without US GAAP was 20.01 billion US dollars, up 100% year on year and 18% month on month.

The company's CFO says the demand for Blackwell AI chips is astonishing and has sent 0.013 million samples to partners.

Goldman Sachs analysts predict that Nvidia's free cash flow (that is, cash flow from the company's operations after deducting capital expenses) will exceed $200 billion over the next two years. According to the current rate of dividends and share repurchases, two years of dividends and share repurchases will consume approximately $60 billion, which means that Nvidia's cash flow will increase by approximately $140 billion in net terms. Adding this figure to existing capital, Hwang In-hoon will have about 175 billion dollars in working capital in 2027, surpassing Apple, the current king of cash.

The second-place Tesla closed 3.80% higher at $30.978 billion. There was news on Friday that Tesla is preparing for the Cybertruck electric pickup truck to land in the Chinese market. According to reports, Tesla is using two different engineering solutions to improve Cybertruck to meet the entry requirements of the Chinese market. This is because “the Chinese market has stricter regulations on pedestrian collision protection,” but currently the specific engineering plan is unknown.

At present, some domestic imported Cybertruck cyberpickup trucks have been successfully licensed. The Tesla Cybertruck Cybertruck also began touring many parts of the country at the beginning of this year, but Musk once claimed that it would be very difficult for the car to legally hit the road in China.

According to another report, Tesla failed to persuade a US judge to dismiss a consumer lawsuit alleging that Tesla failed to warn buyers about an alleged defect that could cause the car to automatically brake without an actual risk of collision.

On Friday, Chicago US District Judge Georgia Alexakis (Georgia Alexakis) ruled the case was well-founded, but said the proposed class-action lawsuit may continue because Tesla is hiding “phantom brakes” safety flaws from potential buyers. Alexis dismissed other parts of the lawsuit, including the driver's claim that the insurance premiums for cars sold by the Intersra Insurance division were too high due to the company's alleged collision monitoring flaws. Tesla has asked the judge to dismiss the entire lawsuit.

Third-place MicroStrategy closed 6.19% higher at $23.599 billion. The stock has accumulated gains of more than 20% this week. Bitcoin neared the $0.1 million mark on Friday. Driven by this, Bitcoin concept stocks generally rose higher.

Fourth place Microsoft closed 1.00% higher at $9.443 billion. Microsoft and startup Atom Computing have teamed up to launch a quantum computer powered by neutral atomic qubits.

The tech giant detailed this collaboration at the Ignite annual conference today. The quantum computer is one of several new hardware systems introduced by Microsoft at this conference. Microsoft also debuted two new data center chips optimized for cybersecurity and infrastructure management tasks.

5th place Apple closed 0.59% higher at $8.504 billion. Apple and Google may face competitive investigations due to their dominance in the UK mobile web browser and app market. The UK Competition and Markets Authority (CMA) released a report on Friday that included the provisional decisions of an independent investigation team tasked with conducting an in-depth investigation into the mobile browser market.

The report suggests that the CMA should investigate the activities of Apple and Google in the mobile ecosystem under the new Digital Markets, Competition and Consumer Act (DMCC), which will take effect next year to prevent anti-competitive behavior in the digital market.

The 6th Google Class A stock closed down 1.71% and traded $6.105 billion.

Amazon, in 7th place, closed down 0.64% and traded $6.085 billion. Amazon and artificial intelligence company Anthropic are deepening cooperation and will invest an additional 4 billion US dollars in each other. According to Amazon, Anthropic has designated AWS as its primary training partner.

The 8th ultra-microcomputer closed 11.62% higher and traded $5.203 billion. The stock has accumulated gains of nearly 80% this week.

Shares continued to rise in recent trading days after the company hired BDO USA as a new auditor and submitted plans to resume NASDAQ listing compliance. The company's August 10-K financial disclosure report was delayed due to the resignation of former auditor Ernst & Young due to concerns about transparency and governance.

Ultramicrocomputer has now submitted a compliance plan to NASDAQ to complete and submit its annual report as of June 30, 2024 and subsequent quarterly reports on time. If the plan is accepted by NASDAQ, the deadline for submitting documents can be extended to February, otherwise the company can appeal.

Although ultra-microcomputers are still facing investigation by the US Department of Justice, the employment letter auditor firm's move was seen as a positive step for the company to resolve financial reporting issues and restore market confidence.

The 9th Meta Platforms closed down 0.70% and traded $5.062 billion. The company launched a lawsuit in response to the US ITC's 337 investigation.

The 13th place SnowFlake closed down 2.28%, partly taking back Thursday's huge gains and trading $3.461 billion. Snowflake closed 32.71% higher on Thursday, the biggest one-day gain since its launch. The company released its third-quarter earnings report on Wednesday evening, and revenue surpassed analysts' expectations by a large margin. The company also raised its annual product revenue forecast.

Fourteenth place AMD closed 0.63% higher at $2.874 billion. At IFA 2024 in Berlin, Germany, Jack Huynh, senior vice president of AMD and general manager of the computing and graphics division, confirmed that in the future, RDNA for consumers and CDNA architectures for data centers will be unified into UDNA architectures. By simplifying the architecture, AMD allows developers to focus on only one system to better address Nvidia's CUDA ecosystem.

The 20th Pietuo Network closed down 3.61% and traded $2.376 billion. The company's revenue for the first fiscal quarter increased 14% year over year to $2.14 billion, higher than analysts' expectations of $2.12 billion; adjusted earnings per share were $1.56, compared to analysts' expectations of $1.48. In the first fiscal quarter, subscription and support business revenue increased 16.2% year over year to $1.79 billion.

The company raised its full-year revenue forecast to 9.12 billion-9.17 billion dollars, which is comparable to analysts' expectations of 9.13 billion dollars. Furthermore, the board of directors carried out a “1 split 2” split, which is expected to officially take effect on December 16.

(Screenshot from the Sina Finance App Market - US Stocks - Market section, swipe left for more data) Download the Sina Finance App