NVIDIA, ranked first in Wednesday's U.S. stock trading volume, closed down 1.44% with a turnover of $28.929 billion. Media reports indicated that exports of NVIDIA's H200 chips might face obstacles.
Tesla Motors, the second most traded stock, closed down 1.79% with a turnover of $24.921 billion. CEO Elon Musk announced on Wednesday that the company will discontinue the one-time purchase option for its Full Self-Driving (FSD) software, shifting exclusively to a monthly subscription model moving forward.
"Tesla will cease sales of the Full Self-Driving software package after February 14," Musk declared on his social media platform X. "Subsequently, the FSD capability will only be available via monthly subscription."
The monthly subscription for FSD starts at $99, compared to its previous one-time purchase price of $8,000. Musk is actively pushing Tesla to become a leader in autonomous mobility, and this functionality is considered pivotal to the company's future strategy.
Tesla has not yet responded to requests for comment and does not publicly disclose the number of FSD subscribers or the size of its active user base.
Microsoft, ranked third, closed down 2.40% with a turnover of $12.923 billion. According to an informed source, Microsoft has quietly become a major client of Anthropic, with its annual spending on Anthropic's AI technology—used to power its own products—projected to reach nearly $5 billion.
Concurrently, Microsoft is more actively promoting Anthropic's AI models to its cloud services customers, a move that could generate additional revenue for both parties. Two Microsoft employees indicated that to support this initiative, the company recently informed some sales staff within its Azure cloud division that selling Anthropic's AI models would count toward their sales performance quotas, just like selling Microsoft's own software.
Broadcom, ranked fifth, closed down 4.15% with a turnover of $10.171 billion. On January 13, Broadcom issued $4.5 billion in senior notes for debt restructuring, increasing its financial leverage and raising investor concerns about its debt servicing capacity.
Amazon, ranked sixth, closed down 2.45% with a turnover of $9.779 billion. Amazon will appeal an Italian antitrust fine, even after it was reduced to €750 million. Italy's antitrust authority lowered the fine imposed on Amazon in 2021 from €1.13 billion to €752.4 million, but Amazon stated it would appeal, maintaining its position that it should not be fined. The authority accused Amazon of abusing its market dominance to restrict competition in the e-commerce logistics market.
Meta Platforms, ranked eighth, closed down 2.47% with a turnover of $9.417 billion. Analysts at Wedbush noted that while Meta's plans for massive AI investments initially unsettled investors, the company's spending appears responsible.
These analysts suggested that layoffs in certain divisions indicate "the company is adopting a more purposeful approach, and this cycle is more disciplined than Meta's investment philosophy from four years ago."
"We are encouraged by management's cost-cutting efforts." Furthermore, the analysts stated that increasing capital expenditure on AI is justified, as AI capabilities "are already delivering tangible benefits." "This aggressive projected level of capex indicates healthy underlying demand for its core business, while also reflecting commitment to long-term strategic goals."
Strategy, ranked 11th, closed up 3.66% with a turnover of $7.286 billion. Index compiler MSCI recently decided against removing "Digital Asset Treasury Companies" (DATs) from its index system for now.
MSCI stated in a declaration that further study and more consultation with market participants are needed to distinguish "investment companies" from firms that hold non-operating assets like digital assets as a core part of their business activities, rather than purely for investment. MSCI pointed out that assessing the index eligibility of such companies may require introducing additional inclusion criteria, such as judgments based on financial statements or other metrics.
Intel, ranked 12th, closed up 3.02% with a turnover of $7.106 billion. A video officially released by the White House yesterday showed a statement in an interview suggesting "Apple has stepped in to invest in Intel." Currently, neither Apple nor Intel has confirmed this matter.
Applovin, ranked 16th, closed down 7.61% with a turnover of $5.145 billion. On Wednesday, U.S. stocks in the AI application software sector experienced widespread declines.
Oracle, ranked 19th, closed down 4.29% with a turnover of $4.341 billion. Reports indicate that Birmingham City Council has delayed the relaunch of its problematic Oracle Fusion ERP system, stating that staff need more time to adapt to the vendor's standard processes.
The system deployment for Europe's largest municipal government stemmed from a catastrophic Oracle Fusion implementation in 2022, which left the council unable to produce auditable accounts and contributed to its effective bankruptcy. The total cost of migrating to the system has ballooned to approximately £131 million, a significant increase from the initial business case estimate of £19 million.
