On Friday, NVIDIA, the number one stock by trading volume in the US market, fell by 3.67%, with a trading volume of 47.439 billion USD. The stock has dropped a total of 15.81% this week. After the Chinese AI startup DeepSeek launched a high-performance, low-cost large language model, the logic behind AI capital expenditures has come under scrutiny, putting pressure on related stocks.

NVIDIA announced on Friday (January 31) that the DeepSeek-R1 model has been released as a preview version of NVIDIA NIM microservices on NVIDIA's developer website.

According to reports, the DeepSeek-R1 NIM microservice can process up to 3,872 tokens per second on a single NVIDIA HGX H200 system. NVIDIA stated that the DeepSeek-R1 model is the most advanced and efficient large language model, excelling in reasoning, mathematics, and coding.

Tesla, in second place, increased by 1.08%, with a trading volume of 34.108 billion USD. The fourth-quarter performance released by Tesla this week fell short of analysts' expectations across the board. Profit, revenue, and profit margin all did not meet expectations. Even the sales growth outlook for 2025 has been downgraded.

However, based on Tesla's stock performance, investors seem to be completely indifferent to the company's financial data, with the disconnect between its business fundamentals and stock price being criticized by Wall Street analysts.

Dan Levy from Barclays stated, "When Tesla provides you with such powerful narrative capabilities, who cares about valuation?" Meanwhile, Ryan Brinkman from JPMorgan commented that Tesla's stock price has "completely detached from the fundamentals."

Apple, in third place, declined by 0.67%, with a trading volume of 23.6 billion USD. The company's total net revenue for the first fiscal quarter was 124.3 billion USD, a 4% year-on-year increase; net income was 36.33 billion USD, a 7% year-on-year increase; and diluted EPS was 2.40 USD, a 10% year-on-year increase. Among them, revenue from Greater China was 18.513 billion USD, a year-on-year decrease of 11%.

Apple's revenue and EPS for the first fiscal quarter both exceeded Wall Street analysts' previous expectations, but revenue from Greater China decreased year-on-year by 11%.

Apple's Board of Directors announced that it will distribute a cash dividend of $0.25 per share to the company's common stock Shareholders, which will be paid on February 13, 2025, to registered Shareholders as of the close of business on February 10, 2025.

After the earnings report, investment bank Davison raised the target price of Apple from $260 to $290; Bank of America Global Research raised Apple's target price from $253 to $265. Jefferies Financial raised the target stock price of Apple from $200.75 to $202.33.

Broadcom, ranked 6th, rose 2.60%, with a transaction volume of $9.117 billion. The stock has accumulated a decline of about 9.6% this week. A report on Friday indicated that Broadcom's ownership of VMware has left many of its clients frustrated, as companies have been dissatisfied with how the $1 trillion company has been operating its virtualization business since acquiring VMware in November 2023. Many companies have discussed reducing or eliminating their ties with the company.

Palantir, ranked 8th, rose 1.56%, with a transaction volume of $6.565 billion. The stock has accumulated a rise of 4.44% this week.

Google Class A shares, ranked 9th, rose 1.57%, with a transaction volume of $6.522 billion. Google announced a "voluntary departure program" for employees in its platform and devices division, ensuring that anyone who voluntarily leaves will receive severance pay. This program applies to U.S. employees working in this division, including: Android (Auto, TV, Wear OS, XR), Chrome, ChromeOS, Google Photos, Google One, Pixel, Fitbit, Nest.

Google has many employees worldwide developing these products, but today's announcement only targets domestic employees in the USA. At the same time, this is not a company-wide program applicable to search, AI, or other divisions. Alphabet's new Chief Financial Officer stated last October that "improving efficiency further" is the top priority.

Alibaba, ranked 12th, fell 3.80%, with a transaction volume of $3.597 billion. The stock has accumulated a rise of 10.88% this week. The Qwen 2.5-Max launched by Alibaba's Tongyi Qianwen team on Wednesday (January 29) became a catalyst for the stock's rise this week.

It has been reported that Qwen 2.5-Max has demonstrated performance comparable to the world's top AI models in several authoritative benchmark tests. This breakthrough not only enhances Alibaba's competitiveness in the AI field but also further boosts investors' confidence in Chinese Technology stocks.

Morgan Stanley's latest research report believes that if Qwen 2.5-Max's performance can indeed meet expectations, coupled with its low-cost advantage and comprehensive cloud ecosystem support, it may trigger a new round of revaluation of AI Assets in China.

The 18th ranked Dexcom Outdoors fell by 20.51%, with a trading volume of 2.79 billion dollars.

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