In Wednesday's U.S. stock trading, Tesla's stock finally rose by 2.44% after five consecutive days of decline, reaching a trading volume of $35.04 billion, making it the stock with the highest trading volume of the day. Previously, Tesla was under pressure due to its 2024 Q4 earnings not meeting market expectations. Although CEO Elon Musk remained optimistic during a conference call, emphasizing future opportunities such as cost reduction, the launch of a new Model Y, and advancing full self-driving technology, Phillips Securities analyst Glenn Thum downgraded Tesla's rating to "sell," noting the Q4 performance as "generally negative," especially regarding automotive revenue, gross margin, and average selling price declines.
Nvidia followed, with its stock down 1.25% and a trading volume of $20.837 billion. Despite Nvidia's continued leadership in the global AI market, market expectations for its future growth have been adjusted. In contrast, Apple saw a stock increase of 1.83% with a trading volume of $10.576 billion. Reports suggest Apple plans to launch an Android version of its TV+ app, marking the first time Apple offers an app on competitor Google's Android system, signaling its efforts to expand influence in the streaming industry. Though Apple's TV+ service still lags behind platforms such as Netflix and Disney+ in viewership, this move shows Apple's endeavor to enhance its streaming service appeal.
Additionally, stocks like Palantir and Meta Platforms showed strong performance. Palantir's stock rose by 4.24%, with a trading volume of $8.608 billion; Wedbush Securities analysts noted that the AI revolution is advancing comprehensively in the software space, with Palantir continuing to be one of the top performers in the AI field. Meta Platforms' stock increased by 0.78%, marking 18 consecutive days of gains with a cumulative increase of 18.7%. Analysts believe Meta's recent adjustment in its AI infrastructure depreciation accounting methods could yield billions in future profits.
AMD and Alibaba's performances were also noteworthy. AMD stock rose by 2.77%, even though the company's preliminary fiscal 2025 Q2 results fell short of analyst expectations, but the CEO's long-term outlook brought confidence to the market. Alibaba saw a 4.92% increase, with a trading volume of $5.143 billion, marking five consecutive days of stock rises. The market also noticed significant progress in AI collaborations between Apple and Alibaba in the Chinese market.
In addition, Intel also performed well, with its stock rising by 7.20% and a trading volume of $3.53 billion, reaching its highest closing price since December last year. Investors are confident in Intel's new Arrow Lake architecture chips, especially as Intel's performance advantage over its competitor AMD becomes increasingly evident.
Driven by these tech giants, stocks like Upstart Holdings and Uber also saw significant increases. Upstart's stock rose by 31.82% as the company's Q4 earnings exceeded market expectations, showing strong performance in loan issuance and conversion rates. Uber rose by 3.12% due to brokerages raising their price targets.
Overall, despite performance pressures on some tech stocks, the U.S. stock market remains active, reaching new highs in trading volume as investors continue to focus on technological innovation and global economic changes.
