US Stock Fund Activity List | NVIDIA rises over 2%, institutions raise target price to $350, believing NVIDIA's market value is expected to reach $8.5 trillion

On Monday, Tesla, the top stock in U.S. trading, rose by 2.59%, with a trading volume of $39.448 billion. Tesla's shareholder meeting is set to take place on November 6, where a vote will be held on Musk's "sky-high compensation plan." This plan spans 10 years and sets 12 phased operational goals. Musk will receive stock equivalent to about 1% of Tesla's market value for each task completed. If all targets are met, he will acquire 12% equity, at which point the value of Tesla shares in his hands will reach $1 trillion.

Additionally, reports on Monday indicated that Tesla's challenges in the European market persist, with significant sales declines in countries like Norway, Sweden, and Denmark in October, while sales in France recorded slight growth for the second consecutive month.

The Italian Ministry of Transport stated on Monday that Tesla's new car registrations in Italy fell by 47.11% year-on-year in October.

NVIDIA, ranked third, rose by 2.17%, with a market value regaining $5 trillion and a trading volume of $37.458 billion. Loop Capital raised its target price for NVIDIA from $250 to $350, which is currently the highest target price on Wall Street, indicating that the firm predicts NVIDIA's market value will reach $8.5 trillion.

Loop Capital analyst Ananda Baruah stated that NVIDIA's GPU shipments are expected to increase significantly in the next 12 to 15 months, benefiting from strong demand for the GB200 NVL72 rack.

Additionally, Microsoft announced on Monday that it has received official approval from the U.S. to export NVIDIA's advanced AI chips to the United Arab Emirates. Microsoft stated it could export over 60,000 NVIDIA chips to UAE data centers, including the high-end GB300 Grace Blackwell chips.

However, analysts pointed out that this agreement seems to contradict comments made by Trump during an interview on Sunday, where he insisted that such chips would not be exported outside the U.S.

Amazon, ranked fourth, rose by 4%, with a trading volume of $24.476 billion. On Monday, Amazon announced a multi-year strategic partnership with OpenAI, where OpenAI will run AI workloads on Amazon AWS. The collaboration involves an amount of $38 billion.

Under the agreement, OpenAI will procure $38 billion worth of computing resources from Amazon Cloud. This marks OpenAI's first collaboration with a leader in the cloud infrastructure space and further indicates that this $500 billion-valued AI startup is no longer reliant on Microsoft.

Palantir, ranked seventh, rose by 3.35%, with a trading volume of $16.299 billion. NVIDIA CEO Jensen Huang recently announced that NVIDIA has partnered with Palantir to advance AI practical applications, transforming enterprise data into dynamic decision 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 for government reference designs Ranked 10th, AMD rose by 1.38%, with a transaction volume of $9.338 billion. Recently, it was reported that the U.S. Department of Energy is collaborating with NVIDIA, AMD, and Oracle to build four powerful AI supercomputers.

Ranked 13th, Netflix fell by 1.68%, with a transaction volume of $6.44 billion. The company recently announced a 1-for-10 stock split, aiming to adjust the price of its common stock to a range more affordable for retail investors and employees.

According to the plan, shareholders holding shares as of the market close on November 10 will receive 9 additional shares for every share they hold on November 14, and the stock will begin trading at the adjusted price on November 17 (Monday). Netflix is one of the 10 stocks in the S&P 500 index with a share price exceeding $1,000.

Ranked 16th, IREN rose by 11.52%, with a transaction volume of $5.579 billion. Microsoft has signed an agreement worth approximately $9.7 billion with the Australian company IREN to procure AI cloud computing power, becoming the largest customer of this Australian company.

According to a statement released by IREN on Monday, this five-year agreement will provide Microsoft with accelerator systems based on NVIDIA's (NVDA.US) GB300 architecture located in Texas for processing AI workloads. The agreement also includes a 20% advance payment. Sydney-based IREN also announced that it has agreed to purchase the required GPUs and related equipment from Dell Technologies (DELL.US) for $5.8 billion.

Ranked 18th, Micron Tech rose by 4.88%, with a transaction volume of $4.966 billion. Mizuho Securities trading analyst Jordan Klein recently stated that the increase in AI spending will also benefit smaller chip manufacturers like Broadcom and Micron Technology.