Tesla, the No. 1 stock traded on Monday, rose 1.7 percent to $32.79 billion. Tesla's Shanghai Gigafactory delivered 77,695 vehicles in May, up 142% year on year, according to China's new-energy passenger car manufacturer wholesale sales data released by the China Passenger Federation on Friday.
According to the National Highway Traffic Safety Administration (NHTSA) on June 4, Tesla is recalling some 2022-2023 Model Y models, a total of 137 vehicles. The reason for the recall is that steering wheel fasteners may become loose, which may disengage the steering wheel from the steering column, resulting in a loss of steering control and an increased risk of collision.
No. 2 Apple closed down 0.76 percent on $22.08 billion. After seven years in development, Apple unveiled a mixed reality (MR) headset called the Apple Vision Pro at its Worldwide Developers Conference in California on Monday. The headset is priced at $3,499, higher than most competitors, and is scheduled to go on sale in early 2024.
Apple showed off the features and main highlights of the product, which looks similar to high-tech ski goggles, through which video games can be played and interactive videos from Disney can be watched.
No. 3 Nvidia fell 0.4 percent to $15.39 billion.
No. 4 Microsoft was up 0.16 percent on $7.09 billion. Microsoft's chief scientist says OpenAI could move to open source in the future. Brokerage Bernstein raised its price target on Microsoft to $380 from $342. It also comes amid reports that multiple users are reporting glitches with Microsoft's Microsoft 365 app.
No. 6 Amazon closed up 0.85 percent on $5.88 billion. Amazon is rolling out AI in a dozen of its largest warehouses to check for damage to items before they are shipped to customers, according to marketing sources.
No. 7 Meta Platforms closed down 0.45 percent on $5.6 billion in trading.
No. 10 Pato Network rose 4.4 percent to $3.09 billion. The company announced it will replace Dish Networks in the S&P 500, effective June 20.
No. 13 Broadcom closed down 1.19 percent on $2.09 billion. Wells Fargo sharply raised its price target on Broadcom to $800 from $600.
No. 14 Palantir closed up 4.96 percent on $1.85 billion. Jefferies raised its price target on Palantir to $14 from $10. In addition, Palantir executive Sankar Shyam sold 1,031,500 shares of common stock on May 30 at an average price of $15 per share, valued at about $15.473,000, according to a June 1 filing with the U.S. Securities and Exchange Commission.
No. 17 Unity Software closed up 17.16 percent on $1.76 billion.
Coinbase Global, the 18th largest U.S. cryptocurrency exchange, closed down 9.05 percent on $1.54 billion. Waning retail interest in trading bitcoin, coupled with increased regulation, means Coinbase faces difficulties ahead, analysts said.
In addition, when industry research institutes evaluated the total number of Bitcoins held by the three major exchanges over the past three years, they found that Binance and Bitfinex increased their total number of Bitcoins by more than 421,000 and 250,000, respectively, while Coinbase decreased its total number of Bitcoins by 558,000.
No. 20 Intel closed down 4.63 percent, making it the day's top performing semiconductor stock with $1.45 billion in trading. Apple has reportedly moved to making its own chips for all of its computer products.
Here are the 20 most actively traded U.S. stocks of the day (by turnover) :
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Responsible Editor: Zhang Jun SF065