NVIDIA (NVDA) shares fell 2.86% on Monday, trading $30.31 billion in volume, ranking second among the top 20 U.S. stocks by trading volume. According to reports, U.S. investment giants including Apollo Global Management, Blackstone, BlackRock, and Brookfield are collaborating with NVIDIA to invest $500 billion in artificial intelligence infrastructure. A Monday statement also revealed that a consortium including Goldman Sachs and KKR & Co. will "create a sizable pool of funds at attractive interest rates for NVIDIA's clients." NVIDIA CEO Jensen Huang stated in an interview that he only approached these six firms for the funding commitment, and none declined. NVIDIA has signed deals worth hundreds of billions of dollars with companies in the AI ecosystem, raising concerns among some investors about the circular nature of such transactions, potentially allowing NVIDIA to inflate industry-wide demand and valuations.
Micron Technology (MU) fell 1.89%, trading $24.18 billion in volume, ranking third. Analysts noted that JPMorgan (JPM.US) raised its memory market forecast for 2026-2028 by 48% in a recent report. JPMorgan predicts global memory market revenue will reach $1.44 trillion in 2027, with DRAM near $1 trillion and HBM around $145.6 billion. By 2028, the total market is expected to expand further to $1.82 trillion. JPMorgan maintains overweight ratings on global memory leaders such as Samsung, SK Hynix, Micron Technology, and Kioxia. Simultaneously, it advises focusing on the third-quarter earnings season as a key window for expectation resets, with downside risks including a slowdown in AI capital expenditure growth and underperformance of long-term contract execution.
SpaceX rose 4.23%, trading $22.75 billion in volume, ranking third. Last week, SpaceX released its first earnings report after listing on the Nasdaq, with revenue exceeding market expectations. Deutsche Bank analysts stated that the company's target to achieve $100 billion in annualized recurring revenue by the end of the year is "highly likely to be met smoothly."
Microsoft (MSFT) rose 1.21%, trading $15.82 billion in volume, ranking seventh. Insiders indicated that Microsoft plans to publicly release its new Maia 300 chip this fall, possibly as early as next month. Microsoft has initiated negotiations with TSMC to secure manufacturing capacity for over 300,000 Maia chips, with delivery expected in 2027.
Apple (AAPL) fell 1.53%, trading $13.76 billion in volume, ranking eighth. Jefferies downgraded Apple from Hold to Underperform, lowering its price target from $285.56 to $263.66, implying a 16% downside. The firm stated that supply chain research indicates the all-glass Apple iPhone, originally scheduled for launch in September 2027, has been canceled due to production yield issues. Affected by this project setback and rising memory costs, Jefferies also lowered its earnings per share estimates for fiscal years 2028 and 2029.
Amazon (AMZN) rose 1.32%, trading $9.9 billion in volume, ranking 11th. On August 10, Novo Nordisk and Amazon Web Services (AWS) announced a strategic partnership to accelerate drug discovery and modernize Novo Nordisk's operations using AI and cloud technology.
Intel (INTC) fell sharply by 4.06%, trading $9.9 billion in volume, ranking 12th. Intel is seeking to raise $15 billion through a new stock issuance, potentially its first public offering since going public in 1971. As the AI data center boom reignites investor interest in Intel's business prospects, the company is looking to seize this opportunity for fundraising. Intel stated in a Monday announcement that the proceeds will be used for general corporate purposes. The company said, "This issuance aims to further enhance Intel's ability to capture future growth opportunities." Intel also noted that emerging markets such as physical AI applications and specialized chips are bringing new growth opportunities. Following the announcement, Intel shares fell as much as 5.3% to $96.30 in New York trading on Monday. However, the stock has still gained over 160% year-to-date, pushing the company's market value close to $500 billion.
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