The top 20 US stock turnover on November 29: Tesla's supply chain payment cycle in 2024 is shortened

Nvidia, the No.1 U.S. stock traded on Friday, closed up 2.15 percent at $19.475 billion. The German government plans to provide about 2 billion euros in new subsidies to the chip industry, and the new funds will be provided to chip companies, involving 10 to 15 projects, including the production of unprocessed wafers and microchip assembly. Earlier, the South Korean government announced that it would invest more than 14 trillion won (about $10 billion) in emergency policy financing to deal with uncertainty from the new U.S. administration and increasing competition in the chip industry.

No.2 Tesla (345.16, 12.27, 3.69%) closed up 3.69%, trading $12.46 billion. Tesla Vice President Tao Lin said on social media, "In 2024, our payment cycle to our supply chain partners is shorter than last year, and now only takes about 90 days." More than 95% of the parts in Shanghai Gigafactory come from our local suppliers, and Tesla's achievements in China and around the world are inseparable from these partners. By working together with our supplier partners to increase efficiency and reduce cost through technological innovation, companies can go further, industries can prosper, and consumers can continue to receive the best products."

No.3 MicroStrategy closed down 0.35 percent at $8.639 billion. On the news, Bitcoin was up 2.2% on the day at $97,248. Peter Schiff, an economist and market strategist who has long been skeptical of cryptocurrencies, recently said that shorting MicroStrategy (MSTR) stock is a good idea because the publicly traded company with the most bitcoin holdings will eventually go bankrupt. Schiff called MicroStrategy a "great" shorting target if one has staying power, though he denied that he was shorting the stock. "If you understand how it works, I mean, you'll see that it's only going to end in the bankruptcy of MicroStrategy," Schiff boldly predicted.

No.4 Microsoft (423.46, 0.47, 0.11%) closed up 0.11%, trading $6.864 billion. The US Federal Trade Commission has launched an antitrust investigation into Microsoft Corp, cloud computing services and software licensing, according to people familiar with the matter. So far, Microsoft has not responded. After more than a year of informal interviews with Microsoft's competitors and business partners, the antitrust enforcers developed a detailed request for Microsoft to hand over information on cloud computing and other related areas of the investigation. Federal Trade Commission Chairwoman Lena Khan signed off on the hundreds of pages of demands and sent them to Microsoft, a person familiar with the matter said.

No. 5 Apple (237.33, 2.40, 1.02%) closed up 1.02%, trading $6.701 billion.

No. 6 Amazon (207.89, 2.15, 1.05%) closed up 1.05%, trading $5.129 billion. Us retail giants have started Black Friday sales early and have extended the promotional cycle. Many consumers like to come to the mall on Black Friday to experience the fun of shopping in a festive atmosphere. According to Reuters, the National Retail Federation expects about 85.6 million consumers to shop in physical stores this year, up from 76 million in the same period last year. The total number of consumers shopping online and offline will reach a record 183.4 million.

No.7 Meta Platforms closed up 0.9 percent at $4.076 billion. The Senate of the Australian Federal Parliament passed the Cybersecurity (Minimum Age for Social Media) Amendment 2024 on Monday, banning minors under the age of 16 from using Facebook, Instagram and other online social media platforms. The law also states that online social media companies that fail to take "reasonable steps" to prevent minors under 16 from using their platforms could face fines of up to 50 million Australian dollars, or about $235 million, with no penalties for minors or their parents who violate the rules.

No. 8 Coinbase Global closed down 4.75 percent at $2.865 billion.

No. 12 Super Computer fell 6.93 percent to $1.933 billion. In a filing late Tuesday, the company said it prepaid and terminated loan agreements with Cathay Bank and Bank of America (47.51, -0.26, -0.54%) because recent amendments to those agreements made them more onerous. The move freed up some cash and lifted restrictions related to the company's late filing of audited financial statements. The company's shares have fallen since Tuesday.

No. 13 Broadcom rose 1.51 percent to $1.78 billion. Semiconductor stocks closed higher on Friday.

No. 17 Google (170.49, -0.33, -0.19%) Class A shares closed down 0.19%, trading $1.573 billion. On November 28, Google announced the purchase of approximately 1,400 hectares of land in the Kayani and Mujos regions of Finland as a key step in its plan to expand its cloud computing and data center infrastructure in Finland. The land deal, worth more than 27 million euros, was brokered by Finland's national forest asset management company Metsahallitus, noting that land deals of this size are not common in Finland.

No. 19 TSMC (184.66, 3.47, 1.92%) rose 1.92% to 1.485 billion dollars. According to Counterpoint Research's "Wafer Foundry Quarterly Tracker", driven by strong demand for artificial intelligence, the global wafer foundry industry revenue in the third quarter of 2024 increased by 27% year-on-year and 11% quarter-on-quarter. Supported by strong demand for smartphones and artificial intelligence semiconductors, frontier nodes, including TSMC's N3 and N5 processes, are the main growth drivers for the foundry industry.

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