US Stock Fund Activity List | NVIDIA closed up nearly 5%, with stock price surpassing $200, setting a new historical high

On October 28th (Tuesday) Eastern Time, NVIDIA, the top stock by trading volume in the U.S. market, rose 4.98%, with its stock price surpassing $200, reaching a historic high, with a trading volume of $58.646 billion and a market capitalization approaching $4.9 trillion. NVIDIA announced progress in the field of artificial intelligence at the GTC Data Center Conference.

NVIDIA CEO Jensen Huang stated at the GTC conference held in Washington on Tuesday that the company has released a new system that connects quantum computers with its AI chips, named NVQLink. This product will pave the way for the next generation of supercomputers and help reduce the error rate of quantum bits.

Huang also mentioned that NVIDIA has established partnerships with 17 quantum computing companies, all of which can support NVQLink technology.

Additionally, he announced that NVIDIA will collaborate with the U.S. Department of Energy to develop seven new generation supercomputers, which will be equipped with NVIDIA AI chips and operated at federal research institutions.

Jensen Huang stated, "I don't think we are in an artificial intelligence bubble."

NVIDIA also announced collaborations with several companies, including Stellantis, Lucid Group, Mercedes-Benz, Uber, and Palantir.

Tesla, ranked fourth, rose 1.80%, with a trading volume of $36.945 billion. Tesla Chair Robyn Denholm stated on Tuesday that "time will tell" whether Musk will leave Tesla after shareholders rejected the compensation plan.

She noted that there are only a few days left for investors to cast their crucial votes, and it remains unclear whether the efforts to gain shareholder support for CEO Musk's substantial compensation plan will be successful.

"Most investors wait until the last minute to vote, so we are still in the early stages," Denholm said on Tuesday. "As the voting progresses, we will have a clearer understanding."

Denholm also stated, "He is the right leader to lead us forward in the next decade."

Microsoft, ranked fifth, rose 1.98%, with a trading volume of $16.312 billion, and its market capitalization surpassed $4 trillion. Microsoft and NVIDIA announced progress in the field of artificial intelligence at the GTC Data Center Conference.

On Tuesday, Microsoft and the AI research company OpenAI announced an agreement mainly involving the restructuring of OpenAI and their collaboration in the AI field. According to the company's press release, OpenAI has completed its restructuring, with its nonprofit entity renamed OpenAI Foundation and holding approximately $130 billion in equity of the for-profit division. The for-profit division of OpenAI has been restructured into a Public Benefit Corporation, named OpenAI Group PBC.

Under the new structure, the OpenAI Foundation will hold 26% of the equity, while current and former employees and investors will collectively hold 47%. As the largest shareholder of OpenAI, Microsoft will receive 27% equity, valued at approximately $135 billion Apple, ranked 7th, rose by 0.07%, with a transaction volume of $11.161 billion. During Tuesday's trading session, Apple's market value briefly surpassed $4 trillion.

Intel, ranked 12th, rose by 5.03%, with a transaction volume of $7.506 billion. Intel CEO Chen Liwu stated that he is working to refocus the struggling chip giant on engineering to address its challenges stemming from complacency and mismanagement.

The executive, who joined Intel in March of this year, attributed the company's decline from its leading position in the semiconductor market to "too many management layers." Chen Liwu said, "The company had great success 20 to 30 years ago."

"So I decided to join and make adjustments." Chen Liwu indicated that his focus is on opportunities in the artificial intelligence sector and Intel's nascent foundry business. He added that he successfully persuaded U.S. President Trump to invest after sharing his strategy for Intel.

PayPal, ranked 17th, rose by 3.94%, with a transaction volume of $6.401 billion. The company announced a partnership with OpenAI. This fintech company plans to integrate its digital wallet into ChatGPT, enabling seamless transactions for users. This strategic move will help PayPal secure a key position in the AI-driven e-commerce space.

SoFi Technologies, ranked 18th, rose by 5.53%, with a transaction volume of $5.574 billion. This fintech company set multiple records in the third quarter, with a surge in loan demand. The company achieved a record number of new members in the third quarter, driving impressive financial performance.

The fintech company reported adjusted net revenue of $950 million for the quarter, significantly exceeding the $889 million expected by analysts tracked by FactSet, and setting a new quarterly record. Earnings per share reached $0.11, more than doubling from the same period last year and also surpassing the analyst model prediction of $0.08.

The surge in loan issuance across the company's various business lines drove performance growth. Personal loan issuance increased by 53% to $7.5 billion, setting a new all-time high. Student loan issuance soared by 58% to $1.5 billion, while mortgage loan issuance also set a new record at $945 million, nearly doubling from the same period last year.