Top 20 U.S. stocks by trading volume: Apple rose over 4%. Alibaba Qianwen will be integrated into Apple Smart as an AI capability
[Top 20 U.S. stocks by trading volume: Apple rose over 4%, Alibaba Qianwen will be integrated into Apple Smart as an AI capability] Apple closed up 4.01%, with a turnover of US$19.8 billion. Apple is seeking to acquire chip companies to strengthen its research and development of AI server chips. In addition, Alibaba Qianwen will be integrated into Apple Smart as an AI capability.
On Wednesday, Micron Technology, which ranked No. 1 in U.S. stock market turnover, closed down 8.02%, with a turnover of US$49.4 billion. The U.S. chip sector plunged across the board on Wednesday. Second place SanDisk closed down 8.12%, with a transaction volume of US$29.9 billion. U.S. storage stocks generally fell on Wednesday. Some analysts believe that investors appear to be reducing their risk exposure to key semiconductor stocks and shifting funds to some large technology stocks. Third-place Nvidia closed up 0.33%, with a transaction volume of US$26.1 billion. Nvidia CEO Jensen Huang clearly denied market rumors that the launch of the next-generation AI performance booster system Vera Rubin may be delayed due to manufacturing issues. He told reporters at an event in Tokyo, Japan, that Vera Rubin hardware has been put into production and is ready to be delivered to customers as planned, and is moving towards "massive" production scale. Apple, ranked fourth, closed up 4.01%, with a turnover of US$19.8 billion. According to media reports, Apple is seeking to acquire artificial intelligence chip companies. According to people familiar with the matter, Apple is seeking to acquire chip companies to strengthen its research and development of AI server chips. In recent months, the company has been talking to bankers about possible deals and has also reached out to semiconductor startups about potential sales. Apple's acquisition stemmed from performance issues with its internal AI servers. It is also reported that Apple is preparing to move forward with multi-billion dollar acquisitions. It previously acquired Q.Ai for US$2 billion, making it the second largest acquisition in history. In addition, according to the news, Alibaba Qianwen will be integrated into Apple Smart as an AI capability. No. 5 AMD closed down 3.46%, with a turnover of US$14.7 billion. UBS gave AMD a "buy" rating and raised its price target for the next 12 months from $670 to $700, which means there is still room for a 28% upside from Tuesday's closing price. On July 15, UBS said that AMD is expected to attract more customers and expand its semiconductor chip business, thus driving the stock price up further. UBS gave AMD a "buy" rating and raised its price target for the next 12 months from $670 to $700, which means there is still room for a 28% upside from Tuesday's closing price. UBS analyst Timothy Arcuri wrote in a report on Wednesday: "On the customer side, we have always believed that Amazon will be an important customer of MI450x, and now we believe that Anthropic may also appear on the customer list. In addition, we may see AMD partnering with Cerebras Systems to develop fast inference solutions... and may announce further expansion and deepening of its layout in the field of custom application-specific integrated circuits (ASICs) in the data center." AMD stock price has more than doubled in the past three months. No. 7 SK Hynix closed down 9%, with a turnover of US$13.3 billion. U.S. memory chip stocks plummeted across the board on Wednesday. No. 10 Intel closed down 4.43%, with a turnover of US$12.3 billion. According to ASML on Tuesday, Intel has decided to purchase the company's high-end lithography machines to manufacture some of its flagship Panther Lake notebook processors. This move will also help the chip manufacturer become proficient in the use of the equipment. ASML said that Intel has officially launched ASML's new generation high numerical aperture extreme ultraviolet lithography machine (High NA EUV) since it started relevant trials in 2024, using this equipment to engrave circuit patterns for some of its Panther Lake processors. The 12th-ranked Google Class A shares closed up 3.17%, with a turnover of US$10.4 billion. Google recently appealed to the EU's Supreme Court to uphold a 2024 lower court ruling that revoked the 1.49 billion euro (approximately US$1.7 billion) antitrust fine previously issued by the European Commission against Google. Oracle, No. 17, closed up 3.56%, with a transaction volume of US$6.37 billion. Intelligent data infrastructure company NetApp and Oracle announced the launch of a new fully managed cloud storage service that natively integrates enterprise-class NetApp storage into Oracle Cloud Infrastructure. The service is currently open for preview to some customers and is designed to help enterprises simplify the migration and management of critical AI and enterprise workloads in the cloud. (