US Stock Fund Activity List | NVIDIA closed up 5%, market value exceeded $5 trillion; Fiserv plummeted over 40%, company significantly lowered full-year performance guidance

On October 29th (Wednesday) Eastern Time, NVIDIA, ranked first in U.S. stock trading volume, rose by 3%, with its stock price reaching a new all-time high. The trading volume was $63.402 billion, and its market capitalization surpassed $5 trillion, making it the first company in the world to reach this milestone. The company's market capitalization exceeded $4 trillion on July 9th of this year.

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 artificial intelligence chips. This product, named NVQLink, 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 believe 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 by 0.21%, with a trading volume of $31.159 billion. Tesla will hold its annual shareholder meeting on November 6th to vote on the $1 trillion compensation plan proposed by CEO Elon Musk.

According to reports, Tesla board chair Robyn Denholm warned that if the plan is not approved, the company may initiate a CEO succession plan. Denholm stated that if shareholders reject the compensation plan, Musk may resign as CEO, which would have a significant impact on the company's strategic transformation. Currently, Tesla is advancing into the fields of autonomous driving and bionic robots, requiring Musk's continued leadership for at least 7.5 years to achieve technological breakthroughs.

It is estimated that if the new plan is approved, Musk could receive up to 423 million shares of stock by meeting preset performance targets, raising his ownership stake to 25%.

Microsoft, ranked sixth, fell by 0.10%, with a trading volume of $18.172 billion. Microsoft CEO Satya Nadella stated on Wednesday that the company will continue to increase investments in artificial intelligence—both capital and talent investments—to address the enormous opportunities ahead.

Satya Nadella is reportedly planning to visit India in December to meet with senior officials of the Indian government. Sources say that Nadella will speak at two AI-related conferences in Bangalore and Mumbai during his visit to India, including a conference in New Delhi.

AMD, ranked ninth, rose by 2.45%, with a trading volume of $12.913 billion. On October 28th, AMD CEO Lisa Su announced a $1 billion partnership with U.S. Secretary of Energy Chris Wright to build two AI supercomputers focused on cutting-edge scientific research. The core goals of this collaboration target three major areas: fusion energy research, cancer drug discovery, and national security Wright proposed an ambitious timeline, believing that with the computing power of AI supercomputers, humanity is expected to find practical ways to utilize fusion energy within the next two to three years—far quicker than the decades generally anticipated by the scientific community.

Palantir, ranked 10th, rose 4.86%, with a transaction volume of $12.829 billion. NVIDIA CEO Jensen Huang announced that NVIDIA and Palantir have reached a collaboration to promote the practical application of AI, transforming enterprise data into dynamic decision-making intelligence. Palantir will integrate NVIDIA's accelerated computing, NVIDIA CUDA-X libraries, and the open-source NVIDIA NEMOTRON model into its ontology framework; the Palantir AIP platform will also support NVIDIA's new AI factory designed for government reference.

Google Class A shares (GOOGL), ranked 12th, rose 2.65%, with a transaction volume of $11.724 billion. Google's parent company Alphabet announced that sales in the third fiscal quarter, excluding partner shares, increased to $87.5 billion. This figure exceeded the average analyst expectation of $85.1 billion. The net earnings per share were $2.87, while Wall Street had estimated $2.26.

The company is investing a record amount of funds to drive the development of artificial intelligence and integrate the responses and assistive features of its large language model Gemini into popular products, including search. The company stated that total capital expenditures for the year will reach $91 billion to $93 billion, higher than the previously expected $85 billion.

Fiserv, ranked 15th, plummeted over 44%, with a transaction volume of $7.506 billion. The company's third-quarter GAAP revenue was $5.26 billion, a year-on-year increase of 1%, with adjusted earnings per share of $2.04, both below expectations. Adjusted revenue was $430 million lower than estimated, and earnings per share were $0.61 lower than expected. The company also significantly lowered its full-year performance guidance, reducing the adjusted earnings per share forecast from the previous $10.15-$10.30 to $8.50-$8.60, and adjusted the full-year organic revenue growth expectation to 3.5%-4%.

Additionally, the company announced the appointment of a new CFO and co-president and launched the One Fiserv transformation action plan, with the CEO stating that current business performance has not met expected targets.