US stocks closed, the three major stock indexes closed down collectively, the Dow fell 1.01%, the Nasdaq fell 3.18%, and the S&P 500 fell 1.64%.
Star technology stocks fell sharply, Nvidia fell 5.5%, Qualcomm fell 3.3%, Intel fell 2.68%; Meta fell more than 4.5%, Microsoft and Amazon both fell more than 3%, and Apple fell 5.18%.
Tesla fell more than 8%. According to reports, at 5:30 a.m. on May 11, Tesla’s Shanghai factory was the first batch of exported electric vehicles since production resumed on April 19. According to the report, the ro-ro ship loaded with 4,767 Tesla electric vehicles has departed from Shanghai Nangang Wharf and is heading for the port of Koper in Slovenia at full speed.
In addition, Tesla competitor Rivian reported first-quarter revenue of $95 million, compared with an expected $131.2 million; an adjusted loss per share of $1.43 in the first quarter, compared with an expected $1.45. Rivian’s share price fell by more than 7% after the market, and then quickly rose to 13%, and then fell back. As of the time of writing, Rivian rose nearly 8% after the market.
At the same time, Elon Musk’s acquisition of Twitter has been investigated by multiple regulators. It is reported that the US Securities and Exchange Commission (SEC) is investigating Musk’s failure to disclose information on his shares in a timely manner; in addition, the US Federal Trade Commission is also investigating to investigate the acquisition.
Apple fell more than 5%, and its stock price hit a new low since October last year, with a turnover of 21.09 billion US dollars. Apple officially discontinued the iPod line on May 10, 2022. In 2006, the year before the first iPhone was released, the iPod accounted for as much as 40 percent of Apple’s revenue. However, iPod sales began to decline in 2009 as smartphones became more commonplace and MP3 players became obsolete, and by 2014, iPods accounted for only 1.25% of Apple’s revenue.
List of leading tech stocks:
List of leading tech stocks:
(Article source: Hafusecurities）