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Nvidia Stock Drops. The Case for the Chip Maker to Rally.
Nvidia stock remains "the most compelling narrative" in the AI semiconductor sector, according to Morgan Stanley analyst Joseph Moore.
Jibang Consulting: Server demand will show a growing trend, with an estimated increase in shipments of 4-5% in the third quarter.
According to TrendForce's observation, server demand will show a growth trend from the second to the third quarter, with Enterprise OEMs' shipments driving the most significant growth, including Dell, HPE and Lenovo all benefiting significantly.
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Top 20 transaction volume | Apple's May shipment in China increased by over 40%, and the stock price rose nearly 3%, hitting a historic high; Tesla rose by more than 6%, hitting a new high of more than five months.
On Monday, Nvidia, the top traded stock with a turnover of $34.906 billion, rose by 0.62%; Tesla, the second traded stock with a turnover of $28.341 billion, rose by 6.05%; and Apple, the third traded stock with a turnover of $13.011 billion, rose by 2.91%.
US stock market closed | Nasdaq hit another record high! Tesla rose more than 6%, while Nvidia fell more than 3.5% before bouncing back.
After rising by 1.6%, the China concept index saw its gains halved, with NIO Inc and Li Auto Inc rising by about 6.7%, and Xpeng rising by over 5%.