Tesla, ranked first in Monday's US stock trading volume, closed down 2.03%, with a turnover of $25.293 billion. Reports indicate escalating tensions between Tesla CEO Elon Musk and European regulators. The tech billionaire reportedly ignored a formal summons from French prosecutors, refusing to testify regarding allegations of manipulating social media algorithms, a move that has further heightened European vigilance towards large technology companies.
This follows an investigation launched months ago by Paris prosecutors into Musk and his social platform X, accusing the platform of systematically amplifying specific content through algorithmic mechanisms,涉嫌 market manipulation and misleading users. Prosecutors made multiple attempts to arrange questioning, but Musk consistently failed to respond. French judicial sources revealed that if Musk continues to ignore the summons, authorities may take further action, including issuing a European arrest warrant. Musk's legal team has refused to cooperate, citing "lack of jurisdiction."
This is not Musk's first direct conflict with Europe. He has previously criticized EU digital regulations as "tantamount to censorship" and threatened to withdraw the X platform from the European market. Analysts suggest Musk's强硬 stance reflects a deeper trend: the widening value gap between US tech giants and the European regulatory system. While Brussels is committed to building a "rules-based digital space," some Silicon Valley leaders are attempting to challenge this framework with technological liberalism.
NVIDIA, ranked second, closed up 0.19%, with a turnover of $23.583 billion. A Monday report stated that NVIDIA CEO Jensen Huang recently commented on the topic of whether the US should relax chip export controls. He直言 stated that the rationale behind US chip export controls is "extremely stupid" and a classic example of a "loser mentality."
Huang stated that China already possesses substantial computing power resources. Although NVIDIA's chips still lead in advancement and energy efficiency, he believes China can still develop advanced AI models by "stacking computing power." Therefore, excluding NVIDIA from the Chinese market will not hinder the development of its cutting-edge AI models.
Micron Technology, ranked third, closed down 1.46%, with a turnover of $14.188 billion. Micron's official website shows it has officially begun offering a 24Gb (3GB) capacity version of its GDDR7 memory, available in 32Gbps and 28Gbps specifications.
Apple, ranked seventh, closed up 1.04%, with a turnover of $9.46 billion. After the US market closed on Monday, reports emerged that Tim Cook will assume the role of Apple Executive Chairman, with John Nunes taking over as Apple's Chief Executive Officer.
Meta Platforms, ranked ninth, closed down 2.56%, with a turnover of $8.334 billion. According to reports, Meta suffered two consecutive court losses from late March to early April 2026. A ruling in New Mexico found that Meta failed to protect children from sexual predators, ordering it to pay $375 million in civil penalties. Subsequently, a California jury ruled that Meta and Google's YouTube intentionally designed addictive application features that harmed a young woman, awarding $4.2 million in damages.
Although Meta has stated it will appeal both cases, investors worry these verdicts could trigger a wave of similar lawsuits, creating a legal storm akin to those faced by tobacco manufacturers in the past, leading to long-term legal清算 risks for the company. Affected by this, Meta's stock saw significant declines following the announcements, with its market capitalization evaporating approximately $119 billion at one point, dropping it out of the top seven US companies by market cap for the first time since 2023.
Intel, ranked eleventh, closed down 4.09%, with a turnover of $6.334 billion. On Monday, most leading US tech stocks weakened. Reports from Iran's Tasnim News Agency on the 20th indicated that despite US President Trump announcing that Vice President Vance and other US negotiation team members were heading to Pakistan, Iran's decision not to participate in the talks remained unchanged.
Netflix, ranked thirteenth, closed down 2.55%, with a turnover of $5.968 billion. The company reported its first-quarter 2026 earnings on April 16th, which received a偏空 reaction from Wall Street. Although the quarter's performance was relatively solid, cautious guidance overshadowed the results, putting pressure on the stock price. However, Morgan Stanley analysts remained steadfastly bullish on the streaming giant's shares. The firm reiterated its "Overweight" rating on Netflix and maintained a $115 price target.
Netflix's short-term issues are evident in its tepid guidance, but Morgan Stanley believes the long-term bullish thesis remains intact. Pricing power remains healthy, user retention has improved, and the advertising business continues to expand, laying the foundation for building a high-quality asset with compound growth potential. Morgan Stanley bets that the post-earnings decline is more due to short-term factors rather than a turning point in Netflix's compelling long-term story.
Market focus centered on Netflix's weak guidance: the mid-point of its full-year 2026 revenue guidance is $51.2 billion, below the expected $51.38 billion; its 31.5% operating margin guidance also trailed the 32% forecast. Additionally, Netflix announced that Reed Hastings will not seek re-election as Chairman, and the stock declined in after-hours trading.
Marvell Technology, ranked fourteenth, closed up 5.83%, with a turnover of $5.689 billion. According to reports, two informed sources revealed that Google is in talks with Marvell Technology to develop two new types of chips aimed at running AI models more efficiently.
One chip is an in-memory processing unit designed to work with Google's Tensor Processing Units (TPUs), and the other is a new type of TPU specifically built for running AI models.
MicroStrategy, ranked nineteenth, closed up 2.58%, with a turnover of $3.651 billion. The company just endured a difficult first quarter, as the value of its held Bitcoin fell significantly, resulting in approximately $14.5 billion in unrealized losses due to the drop in Bitcoin's price. The digital asset Bitcoin fell over 20% during the period, marking its largest first-quarter decline since 2018.
Because the company holds over $50 billion in cryptocurrency on its balance sheet, the impact now directly affects earnings following the shift to fair value accounting. This accounting change amplifies reported volatility, transforming Bitcoin's price swings into multi-billion dollar earnings movements, which are likely to continue dominating short-term performance.
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