On Friday, US stock market trading saw Micron Technology Inc (NASDAQ: MU) close down 0.22% with a trading volume of $21.209 billion, ranking second. Micron announced it would grant bonuses to over 60,000 employees globally, marking the highest total amount in company history. Employees in Taiwan will receive overall rewards equivalent to 35 to 68 months of salary. Micron stated that employees in Taiwan hired before August 29 of last year will each receive a bonus of NT$1 million, with others receiving pro-rated amounts based on tenure. The maximum payout includes an annual performance bonus of 500% of the basic target, plus additional stock rewards.
Ranking third, NVIDIA Corporation (NASDAQ: NVDA) closed down 0.03% with a turnover of $19.493 billion. Jensen Huang told the audience at the Goldman Sachs Communacopia + Technology Conference in San Francisco that cybersecurity is likely to become the next major application for AI. Huang pointed out that AI models are accelerating automated programming, which is disrupting the cybersecurity industry because the significant increase in code generation speed also means code can be exploited and attacked faster, while the number of vulnerabilities requiring fixes will rise accordingly. Huang noted that due to NVIDIA's extremely rapid growth, its upstream supply chain faces comprehensive challenges, including packaging, DRAM and LPDDR memory, connectors, voltage regulators, and wafers. Downstream, land, power, and data center facilities are also difficult issues. However, he emphasized that NVIDIA holds clear advantages upstream with the world's largest supply chain and downstream with diversified sales channels.
Ranking fifth, Apple Inc (NASDAQ: AAPL) closed up 1.75% with a turnover of $16.87 billion. Apple's first foldable iPhone has been officially unveiled, and Goldman Sachs believes its pricing strategy and product design have exceeded expectations, potentially opening up the mass market and providing significant benefits to the Greater China supply chain. Goldman noted that Apple's new foldable device is named 'iPhone Duo,' with a starting price of $1,999, which is lower than the US starting price of $2,099.99 for Samsung's Galaxy Z Fold 8 Ultra. Goldman analysts, including Allen Chang and Verena Jeng, described this pricing as 'affordable,' believing that Apple has achieved competitive pricing despite constraints from high memory costs and strong specifications, which should attract a broader consumer base.
Ranking sixth, SanDisk Corporation (NASDAQ: SNDK) closed down 3.50% with a turnover of $15.375 billion. DeepSeek released its V4.1 Flash architecture, which significantly improves hardware efficiency, requiring only one-quarter of the high-bandwidth memory (HBM) demand and one-eighth of the SSD storage demand compared to previous versions. This has raised market concerns that AI storage demand could be weakened by software and algorithm optimizations, putting widespread pressure on storage and memory stocks.
Ranking seventh, Oracle Corporation (NYSE: ORCL) closed down 1.74% with a turnover of $12.308 billion. Oracle's fiscal first-quarter results and guidance both exceeded market expectations, as AI infrastructure demand continues to drive rapid cloud business growth. Total revenue for the first quarter rose 30% to $19.3 billion, compared to analyst expectations of $19.13 billion. Adjusted earnings per share came in at $1.92, also beating the analyst estimate of $1.75. Oracle's cloud infrastructure segment revenue surged 121% year-over-year to $7.4 billion, surpassing the average analyst estimate of $7.19 billion. However, during regular trading on Friday, investors began to reassess another aspect of the earnings report. While AI demand is indeed robust, Oracle is still ramping up capital expenditure at an extremely rapid pace to meet this demand, leaving cash flow under pressure. Whether the data center business can eventually convert into sufficient profits and free cash flow remains to be validated.
Ranking eighth, SpaceX closed up 2.04% with a turnover of $11.765 billion. SpaceX CFO Johnsen stated that the company expects each gigawatt of computing power to generate $30 billion to $50 billion in revenue by 2027, and it is already at the upper end of that range. The company is more confident about achieving $100 billion in annualized total revenue by year-end, expects total computing power to exceed 2 gigawatts by the end of 2026, reach 5 to 10 gigawatts by the end of 2027, and plans to deploy AI satellites in 2027.
Ranking ninth, Meta Platforms Inc (NASDAQ: META) closed up 0.57% with a turnover of $11.011 billion. According to VR industry media reports, developers have discovered clear images of a new headset codenamed 'Project Phoenix' in Meta's Horizon OS firmware. Compared to the current Quest series, this device significantly reduces the size of the headset body, with an overall form closer to a pair of thick glasses.
Ranking tenth, Tesla Inc (NASDAQ: TSLA) closed up 0.52% with a turnover of $10.996 billion.
Ranking twelfth, Advanced Micro Devices Inc (NASDAQ: AMD) closed up 2.49% with a turnover of $9.777 billion. AMD CFO Jean Hu recently stated that AI is the most impactful technological transformation, and AMD continues to see strong demand for both GPUs and CPUs. AMD will continue to increase CPU supply, expecting CPU business to grow more than 80% year-over-year in the second half of this year, with growth momentum expected to extend into next year.
Ranking thirteenth, Intel Corporation (NASDAQ: INTC) closed up 2.61% with a turnover of $8.953 billion. The latest industry news indicates that Intel is highly likely to launch a new round of price adjustments in October this year for its consumer processor product line, with expected price increases of around 10% for some popular products. If this price adjustment is finalized, Intel's multiple consecutive price hikes this year would directly push hardware costs across the entire PC market and the DIY assembly market to a new high level.
Ranking fifteenth, Dell Technologies Inc (NYSE: DELL) surged 11.98% with a turnover of $8.03 billion. Oracle's just-released earnings report showed substantial growth in cloud infrastructure revenue, a massive backlog of AI-related orders, and maintained high capital expenditure plans. This was interpreted by the market as evidence that AI data center construction spending is still accelerating, directly benefiting server and data center hardware suppliers like Dell and HPE. Dell CFO David Kennedy revealed at the Goldman Sachs technology conference that AI server bookings reached approximately $6.1 billion in the second quarter, equivalent to the total of the previous three quarters combined. Cumulative AI bookings over 12 months reached $13.2 billion, with AI infrastructure backlog orders hitting a record $95 billion. This further confirms the strength and sustainability of AI server demand. RBC Capital Markets initiated coverage of Dell Technologies with an 'Outperform' rating and a target price of $640.
Ranking eighteenth, Microsoft Corporation (NASDAQ: MSFT) closed up 0.65% with a turnover of $7.194 billion. Microsoft plans to more than triple its data center capacity, a move that could help the company alleviate computing power shortages. Previously, insufficient computing power forced Microsoft to abandon some AI and cloud businesses.
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