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May 31 Top 20 U.S. Turnover: Credit Suisse says Microsoft is top AI stock pick

via:新浪科技     time:2023/6/1 14:00:52     readed:108

Nvidia, the No. 1 U.S. stock traded Wednesday, fell 5.68%, its biggest one-day decline since Feb. 17, to $38.53 billion. On May 25, Nvidia reported first-quarter financial results. Revenue from its data center business with AI chips hit a record high, maintaining a year-on-year growth rate of more than 10%. According to a recent report from jpmorgan Chase, Nvidia will take 60% of the total AI product market share this year.

No. 2 Tesla rose 1.38 percent to $29.79 billion. Tesla plans to give an early demonstration of its revamped Model 3 during Chief Executive Elon Musk's first visit to the company's Shanghai factory in years, according to people familiar with the matter. The first cars to roll off the assembly line Thursday were prototypes, said people familiar with the matter who declined to be identified because the company's plans were not public. Reported earlier this month, the revamped Model 3 -- Tesla's first mass-market sedan -- is slightly longer, sportier and has a sleeker interior design than previous versions.

No. 3 Apple closed down 0.03 percent to $17.67 billion. According to Mark Gurman, a well-known Apple journalist, WWDC 2023 is expected to feature three key features: several new Macs, the first mixed reality headset, and a new operating system. Apple's event is likely to last longer than two hours, a record, because of the need to show off new software and hardware.

No. 4 Microsoft closed down 0.85 percent on $15.03 billion. Credit Suisse said Microsoft remains a top AI stock, raising its price target to $420. Credit Suisse analyst Sami Badri raised her price target on Microsoft to $420 from $350 and maintained an "outperform" rating on the stock.

Microsoft remains the top choice in artificial intelligence, the analyst said. Analysts raised their revenue estimates to $57bn from $40bn and earnings per share to $2.90 from $2.00, given the "rapid increase" in AI-based product launches.

No.5 AMD closed down 5.64 percent on $10.45 billion. AMD Executive Vice President Forrest Norrod sold 25,000 shares worth $2.983 million on May 25, according to a registration statement filing disclosed by the SEC.

No. 6 Amazon closed down 0.89 percent on $8.64 billion. Amazon will pay $5.8 million to settle a lawsuit brought by the Federal Trade Commission over alleged privacy violations of its doorbells.

No. 9 Home Depot closed down 2.36 percent on $5.18 billion. The company became ex-vested and ex-dividend on May 31, 2023, paying a dividend of $2.09 per share. The registration date of the relevant dividend-paying shares is June 1, 2023, the net date is May 31, 2023, and the dividend date is June 15, 2023.

No. 13 Intel closed up 4.83 percent on $4.27 billion. Nvidia CEO Jen-Hsun Huang said he is open to building AI chips with Intel in the future.

No. 14 Saif closed up 2.06 percent on $4.06 billion. Wedbush, an investment bank, issued a research note with an "outperform" rating on SaiFTSE.

Saif is scheduled to report its fiscal 2024 first quarter earnings after the bell on Wednesday, May 31. Wall Street expects Saif's first-quarter revenue to be $8.17 billion, compared with $7.411 billion a year earlier. Earnings per share are expected to be $1.61, which is expected to increase 61.3% year-over-year.

Analyst Dan Ives said, "While the macro picture is not all smooth sailing, with Saif continuing to battle headwinds, overall we saw stronger cross-selling activity in the quarter, particularly in Tableau, with a number of larger and more transformational deals signed during the quarter."

No. 18 C3.ai closed down 8.96 percent on $2.95 billion. The company reported earnings after the closing bell on Wednesday.

Here are the 20 most actively traded U.S. stocks of the day (by turnover) :

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