Nvidia, the top stock by trading volume on Tuesday, closed up 0.47%, with a turnover of $29.365 billion. The company stated it does not require customers to make upfront payments for H200 chips. An Nvidia spokesperson clarified in a statement that the company "never requires payment for products not yet received."
This statement was a response to a recent media report. The report indicated that Nvidia had imposed unusually strict terms on Chinese clients seeking to purchase its AI chips, demanding full prepayment, prohibiting order cancellations, refund requests, or configuration changes after ordering. The report suggested these stringent requirements were primarily to hedge against policy change risks, especially since the company has not yet received a license to sell the H200 in the Chinese market.
Tesla, the second most traded stock, closed down 0.39%, with a turnover of $23.921 billion. Elon Musk recently posted on the X platform that the platform's recommendation algorithm will be made public within the next week, with regular updates every four weeks thereafter, accompanied by detailed developer notes, aiming to establish a routine transparency mechanism. Musk stated that X's recommendation algorithm is progressively shifting to be fully AI-driven, particularly relying on its AI chatbot Grok to analyze and filter hundreds of millions of daily posts to improve feed quality. This move by Musk was also interpreted by the market as a potential foray into GEO. The goal of traditional Search Engine Optimization (SEO) is to improve a webpage's ranking on Search Engine Results Pages (SERPs) to gain more organic search traffic.
Microsoft, ranking third, closed down 1.36%, with a turnover of $12.982 billion. Microsoft has committed to covering the operational electricity costs of its U.S. data centers. This move comes amid public concern that consumers might bear the brunt of higher electricity prices as the tech industry accelerates its AI infrastructure build-out.
Microsoft President Brad Smith stated on Tuesday that the company will also collaborate with utility companies to secure necessary power supplies, enhance data center efficiency, and reduce water usage at its facilities.
This follows comments from former U.S. President Donald Trump, who indicated that Microsoft would announce changes to ensure its data center construction does not lead to increased utility costs for Americans.
AMD, the fourth most traded stock, closed up 6.42%, with a turnover of $12.277 billion. Brokerage KeyBanc Capital Markets upgraded both Intel and AMD to "Overweight," setting price targets of $60 and $270, respectively.
The firm noted that server CPUs from both chipmakers for 2026 are essentially sold out. This situation stems from stronger-than-expected growth in demand for server and PC processors, leading to an accelerated drawdown of chip inventory.
Intel closed up 7.33%, with a turnover of $7.858 billion, ranking 11th in Tuesday's trading volume.
Meta Platforms, ranking fifth, closed down 1.69%, with a turnover of $11.263 billion. Estimates suggest the company's recently signed nuclear energy data center agreements may require an investment exceeding $14 billion.
Alphabet's Class A shares (GOOGL), ranking seventh, closed up 1.24%, hitting a new all-time high, with a turnover of $11.203 billion, bringing its market capitalization to $4.05 trillion. Apple and Alphabet have entered a significant multi-year collaboration aimed at providing AI technology support for Apple products like Siri, launching later this year. The partnership will leverage Alphabet's Gemini model and cloud technology to assist Apple in developing future foundational models.
Citi published a research report highlighting that the robust capabilities of Alphabet's flagship Gemini model, its growing computing infrastructure, and hardware technology advantages underscore its leadership in core AI. Citi views Alphabet as remaining one of the preferred picks in the internet sector, reiterating a "Buy" rating with a $350 price target.
Amazon, ranking eighth, closed down 1.57%, with a turnover of $9.285 billion. Reports on Tuesday indicated that Amazon is seeking discounts from its vendors, ranging from low single-digit percentages up to a maximum of 30%.
Micron Technology, ranking tenth, closed down 2.24%, with a turnover of $8.065 billion. BofA Global Research raised its price target for Micron Technology from $300 to $400.
Visa, ranking twelfth, closed down 4.46%, with a turnover of $6.684 billion. The payments sector continued its decline from the previous session on Tuesday, after former President Donald Trump called for a cap on credit card interest rates at 10%, sparking concerns that the profitability models of banks and credit card companies could be impacted.
JPMorgan Chase, ranking fourteenth, closed down 4.19%, with a turnover of $6.018 billion. Trump's criticism targeting two primary profit drivers for bank credit card businesses contributed to a broad decline in financial stocks on Tuesday.
Additionally, JPMorgan Chase reported on Tuesday that its total revenue for 2025 was $185.6 billion, up 3% year-over-year, while net profit was $57 billion, a decrease of $1.4 billion compared to 2024.
Strategy, ranking seventeenth, closed up 6.63%, with a turnover of $4.502 billion. Bitcoin rose over 2.5% on Tuesday, surpassing $93,500, boosting U.S.-listed Bitcoin-related stocks.
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