Nvidia, ranked first in US stock trading volume on Wednesday, closed up 5.21% with a turnover of $32.07 billion. Super Micro Computer (SMCI) announced that its latest AI data center solution has entered full production. This product provides the core infrastructure needed to run Blackwell chips at scale, alleviating market concerns about Nvidia’s supply chain constraints.
AMD is a key partner of Nvidia in AI infrastructure development. On Wednesday, the company announced that new AI data center systems powered by Nvidia’s advanced Blackwell chips are now ready to ship.
Tesla, ranked second, saw a sharp decline in European sales in January, with new car registrations in Germany falling 59.5% year-over-year to 1,277 units.
Earlier reports indicated that Tesla’s new car registrations in France, the EU’s second-largest electric vehicle market, fell sharply in January to just 1,141 units, a year-over-year decrease of 63%. Similar declines were observed in Sweden and Norway, where Tesla’s new car registrations in Sweden dropped by 44% to 405 units, while in Norway, registrations fell by 38% to 689 units.
Alphabet’s Class A shares (GOOGL), ranked third, dropped 7.29% to a turnover of $13.329 billion. Alphabet released its latest financial report after the US stock market closed on Tuesday, showing that fourth-quarter revenue fell short of Wall Street expectations. The company also announced plans to continue increasing its investment in AI infrastructure in 2025. The earnings report revealed weaker-than-expected performance in Google’s cloud business, while surging capital expenditures raised concerns about future profitability.
AMD, ranked fifth, closed down 6.27% with a turnover of $12.022 billion. The company’s data center business unit reported fourth-quarter revenue of approximately $3.86 billion, up 69% year-over-year but below Wall Street’s estimate of $4.09 billion.
Analysts pointed out other disappointing aspects of AMD’s fourth-quarter report, including a 28% year-over-year decline in net profit under GAAP to $482 million, and a 29% drop in GAAP diluted earnings per share to $0.29—both missing market expectations.
Amazon, ranked seventh, closed down 2.43% with a turnover of $9.133 billion. The company is facing legal action from a union in Canada after deciding to close its warehouse operations in Quebec. The National Trades Union Confederation announced on Tuesday that it plans to ask the court to order Amazon to reopen seven warehouses and reinstate 1,700 employees laid off due to the closures. The union estimates that Amazon and its subcontractors could cut around 4,500 jobs as a result of these closures.
Apple, ranked eighth, closed down 0.14% with a turnover of $9.009 billion. Reports indicate that China’s State Administration for Market Regulation is preparing for a potential antitrust investigation into Apple’s high commission fees for app developers and its closed app ecosystem. This move could escalate tensions between China and the US in the tech sector.
The investigation is focused on Apple’s up to 30% commission on in-app purchases and its restrictions on third-party payment methods and app stores. Regulators believe these policies may be unfair to local developers and could hinder market competition.
Microsoft, ranked eleventh, gained 0.22%, with a turnover of $6.722 billion. Reports suggest that Microsoft’s cloud computing business is facing growth limitations due to a shortage of data centers. The company is expected to experience slow growth in its cloud computing segment this quarter as it struggles to build enough data centers to support demand for AI products. Microsoft’s Azure cloud computing division is projected to grow revenue by 32% in the third quarter, showing little improvement from the last quarter of 2024.
Uber, ranked twelfth, closed down 7.56% with a turnover of $5.09 billion. Uber reported fourth-quarter revenue of $11.959 billion, a 20% year-over-year increase. Net income attributable to Uber was $6.883 billion, up from $1.429 billion in the same period last year. For 2024, Uber’s total revenue was $43.978 billion, an 18% year-over-year increase, with net income rising to $9.856 billion from $1.887 billion the previous year.
MicroStrategy, ranked fifteenth, closed down 3.33% with a turnover of $3.664 billion. The company reported fourth-quarter revenue of $120.7 million, below analysts’ expectations of $124.4 million. At the end of Q4, MicroStrategy held 447,470 BTC, exceeding analysts’ estimates of 425,149 BTC. The company’s digital assets were valued at $23.91 billion, surpassing expectations of $22.54 billion.
Advanced Micro Devices, ranked eighteenth, closed up 7.99% with a turnover of $2.557 billion. On Wednesday, the company announced that its Building Block Solutions (an end-to-end AI data center solution) has entered full production, powered by Nvidia’s Blackwell platform HGX B200.
UnitedHealth Group, ranked nineteenth, fell 1.03% with a turnover of $2.447 billion. Notable investor Bill Ackman posted on X (formerly Twitter) that he was shorting the company, fueling concerns about profitability. However, the post was later deleted.
