Micron Technology, ranked 3rd in U.S. stock trading volume, closed up 2.97% with transactions amounting to $23.33 billion.
On Monday, stocks related to storage chips saw a general increase in value. South Korean Finance Minister Lee Jong-il stated that the prosperity of the semiconductor industry is expected to continue at least until 2027. During the IMF and the World Bank Annual Meeting, he mentioned that the supply-demand gap in semiconductors remains very large, with the supply side continuing to expand. Currently, the industry is in a period of high prosperity and strong demand, but in the long run, this gap is expected to narrow.
Micron Technology announced that it will hold a technical web seminar at 8 a.m. local time on October 21st, to be presented by the company's President and Chief Technology and Product Officer Scott DeBoer. The seminar will discuss technological innovations in the areas of DRAM, HBM, and NAND. Micron stated that the next generation of AI infrastructure will require higher bandwidth, capacity, as well as more efficient data transmission, storage, and access. This seminar will introduce the company's future multi-generation technology roadmap, customer collaboration in design, and long-term research plans, with the goal of further consolidating its technological leadership over the next decade.
NVIDIA, ranked 4th, rose by 1.38%, with trading volume of $21.386 billion.
NVIDIA CEO Jensen Huang indicates that customer demand for AI chips continues to exceed supply, with new orders pouring in almost every week or even every day. Analyst Eves believes that the selling pressure reflects concerns about the financing costs of infrastructure after U.S. Treasury yields surpassed 5%, which is a financing-related issue. The potential demand for AI computing power remains strong, and the pullback provides buying opportunities.
Amazon, ranked 5th, soared by 4.98%, with transactions amounting to 14.645 billion US dollars.
American electric utility AEP announced that it has reached a joint development agreement with Amazon and advanced nuclear energy technology company X-energy to explore the construction of a nuclear power project with a capacity of 960 megawatts in Indiana. Amazon plans to purchase electricity from this project through a long-term power purchase contract, and the contract revenue will cover the costs of the facility.
Morgan Stanley has listed Amazon as a “top priority target” ( Top Pick ) and raised its target price to $350, believing that the market seriously underestimates the growth potential of AWS (Amazon’s cloud services) and its ability to monetize in the AI era. Morgan Stanley expects AWS to achieve 47% year-on-year growth in 2027, a forecast that is significantly higher than the general market perception.
Tesla, ranked 6th, rose by 3.76%, with transactions amounting to 14.148 billion US dollars.
After Tesla's new generation of Roadster was unveiled, investment analysis firm CFRA significantly raised its target price from $385 to $475, representing an upside potential of about 34% compared to the closing price of $354.72 on October 16. CFRA gave a positive evaluation of this Roadster equipped with SpaceX propulsion technology, noting that the perception of the return of "Elon Musk's magic" is spreading, and considered this to be a landmark case of Tesla's integration with SpaceX technology.
Apple, ranked 7th, fell 0.15%, with trading volume of $11.847 billion.
Apple confirmed on Monday that it will hold a new product launch event on October 28th, during which it plans to introduce the company's first touchscreen MacBook. This event, themed “Proandtell”, will take place in Los Angeles.
8th-ranked Sandisk rose by 5.53%, with transactions amounting to 11.707 billion US dollars.
9th place: Meta Platforms fell 0.55%, with transactions amounting to 1.1412 billion US dollars.
Social media giant Meta will announce its financial results after the market closes on Wednesday.
The 10th-ranked ultra-micro semiconductor company saw a gain of 1.76%, with transactions amounting to 10.966 billion US dollars.
On October 19th, TD Cowen reiterated its 'buy' rating on Supermicro Semiconductor ( AMD ) with a target price of $675, stating that the rapid growth of autonomous AI intelligent agents ( Agentic AI ) and AI inference workloads in production environments is driving a recovery in demand for data centers ( CPU ).
11th place, SpaceX, rose by 1.32%, with transactions amounting to 1.0964 billion US dollars.
Market speculation about a potential merger between Tesla and SpaceX is heating up. Barclays analyst Dan Levy believes that the two parties may announce the deal before Tesla's annual general meeting of shareholders on December 3, and these speculations have drawn attention to the future business integration and valuation arrangements of both companies.
Microsoft, ranked 12th, rose by 0.84%, with trading volume of $9.589 billion.
In its latest research report, Morgan Stanley pointed out that with strong demand for cloud computing, continuous expansion of data center capacity, and the accelerated commercialization of Microsoft 365 and Copilot, Microsoft (MSFT.US) is expected to continue its growth momentum in the first quarter of fiscal year 2027. The firm expects that the revenue growth of Azure's cloud business at a fixed exchange rate to reach around 47% year-on-year, which is higher than the upper end of the company's previous guidance range. It also maintains a "overweight" rating for Microsoft and a target price of $600.
Intel, ranked 14th, rose 2.43% and traded at $9.466 billion.
JPMorgan Chase has raised its stock rating on Intel from "reduce holdings" to "neutral," citing improvements at the executive level since the appointment of CEO Chen Liwu, as well as the expected growth in demand for AI computing, which is expected to support profit growth.
Google A rose 1.05% to close at $6.811 billion in trading volume.
16th place, CoreWeave, fell 0.44%, with trading volume of 6.235 billion US dollars.
CoreWeave Today, the intraday trend reversed. At the beginning of the session, it rose by over 7%, but then it gave back all of its gains and turned downward. On the news front, Jensen Huang previously stated publicly that CoreWeave "does not need rescue," and his remarks once reversed the stock price trend. Some funds attempted to capitalize on a rebound after consecutive declines, but the rebound did not sustain. The core reason was that the signals sent by the bond market were in contrast to the stock price trend.
Broadcom, ranked 17th, rose by 1.78%, with transactions amounting to 5.845 billion US dollars.
TSMC, ranked 19th, rose by 1.84%, with trading volume of $5.202 billion.
Samsung Electronics will use TSMC's 3-nanometer process to produce the base chips for NVIDIA's next generation of custom high-bandwidth memory ( HBM ), which will mark Samsung's first collaboration with TSMC at the HBM manufacturing stage.
(Screenshot taken from Sina Finance APP)
