NVIDIA, ranked first in Friday's US stock trading volume, closed down 1.58% with a turnover of $29.101 billion. Reports emerged on Friday that American tech giant Amazon and AI chip startup Cerebras Systems announced a cooperative agreement to integrate their computing chips into a new service aimed at accelerating chatbots, programming tools, and other AI applications. Cerebras is an AI chip startup valued at approximately $23.1 billion, attempting to challenge the industry leader by developing an AI chip fundamentally different from NVIDIA's flagship products. Furthermore, NVIDIA's GTC conference is scheduled for March 16-19, 2026, with CEO Jensen Huang's keynote highly anticipated; it is expected to unveil technological innovations like the new-generation AI chip platform, Feynman. Data shows that NVIDIA's stock has historically risen 80% of the time during GTC conferences.
Tesla, the second highest by trading volume, closed down 0.96% with a turnover of $22.886 billion. Following a series of co-founder departures and discussions of a merger with SpaceX, Elon Musk stated on platform X that xAI is undergoing a rebuild. This week, as xAI attempts to compete with Anthropic and OpenAI, the company announced it had recruited two talents from programming startup Cursor. Prior to this, several xAI co-founders have left the company. It is reported that of the 11 founding members who started xAI with Musk in 2023, only two remain with the company.
Micron Technology closed up 5.13%, ranking third with a turnover of $16.477 billion. Wedbush issued a research report reiterating its "Outperform" rating on Micron and raised its price target from $320 to $500, citing stronger-than-expected pricing performance. Analyst Matt Bryson wrote in a note to clients, "Q1 pricing appears to have significantly exceeded Micron's previously set expectations." He added that Micron's Q2 guidance indicates its Average Selling Price (ASP) is expected to increase by approximately 30%. Bryson also noted that in January, contract pricing for DRAM and NAND flash memory seemed to reflect increases of 50% or more for Q1 2026, but recent indications suggest some contract prices have even seen triple-digit growth.
SanDisk, ranked fourth, closed up 6.92% with a turnover of $12.117 billion. SanDisk officially launched a new industrial-grade memory card and announced it has obtained TISAX AL2 certification.
Broadcom, ranked fifth, closed down 4.11% with a turnover of $11.182 billion. Reports on Friday indicated that Microsoft, Meta, and OpenAI are collaborating with hardware design companies AMD, Broadcom, and NVIDIA to jointly develop a protocol-agnostic, scale-up interconnect technology suitable for AI clusters.
Apple, ranked eighth, closed down 2.21% with a turnover of $9.19 billion. According to Apple's developer website, the company will reduce the commission rate for in-app purchases and paid apps on the Chinese App Store for phone and tablet operating systems. The standard commission rate for in-app purchases and paid apps will change from the current 30% to 25%. The commission rate for eligible in-app purchases under Apple's App Store Small Business Program and the Mini Apps Partner Program, as well as for auto-renewable subscriptions after the first year, will change from the current 15% to 12%.
AMD, ranked thirteenth, closed down 2.20% with a turnover of $5.339 billion. The stock has declined 9.7% year-to-date.
Adobe, ranked sixteenth, closed down 7.58% with a turnover of $4.367 billion. A recent report stated that Adobe's stock price has been sluggish for two years, and turning the situation around is now the task for new leadership. The company stated that current CEO Shantanu Narayen will step down once a successor is identified. This news overshadowed the positive results of quarterly earnings that exceeded analyst expectations.
Comments