NVIDIA, the top stock by trading volume on Wednesday, closed up 1.66% with a turnover of $42.559 billion. Media reports indicated that Leo KoGuan, a long-term Tesla bull and billionaire, disclosed the purchase of one million shares of NVIDIA stock on Tuesday, valued at approximately $180 million. In a post on platform X, Leo stated, "I firmly believe AI is not a bubble; this is just the beginning." He added that he plans to buy another million shares of NVIDIA soon to show support for the nervous market.
NVIDIA CEO Jensen Huang remarked that the company's recent $30 billion investment in OpenAI might be its "final" injection before OpenAI's potential public offering around the end of this year. Huang mentioned that a previously discussed $1 trillion investment opportunity, part of a large infrastructure deal announced last September, is likely "not on the table." "The reason is they are going public," Huang said at the Morgan Stanley Technology, Media, and Telecom conference on Wednesday. He also noted that NVIDIA's $10 billion investment in OpenAI competitor Anthropic is probably the last as well. NVIDIA had previously shared plans to invest in Anthropic in an announcement with Microsoft last November.
Tesla Motors, the second most traded stock, closed 3.44% higher with a turnover of $27.148 billion. Tesla recently gained a fresh vote of confidence from Bank of America. The bank reinstated coverage of the electric vehicle manufacturer's stock with a "Buy" rating. Analysts at Bank of America informed clients that they view Tesla as the "current leader in consumer autonomous driving," citing progress in self-driving and robotics as reasons for the upgrade. They also anticipate market share gains for Tesla amid stricter EV regulations.
This rating upgrade may help bolster market confidence in Tesla's stock, which has recently faced pressure from increased competition, declining EV sales, and weak sentiment around some AI-related stocks. Bank of America wrote, "We expect Tesla to rapidly become the leader in robotaxi services, leveraging more profitable scaling capabilities than its competitors." Analysts added that they see further upside potential as the company's Full Self-Driving software, Optimus humanoid robot, and energy storage business gain traction. Based on a sum-of-the-parts valuation analysis, Bank of America set a price target of $460, implying roughly 14% upside from recent levels. This target is slightly above the market consensus of $445, and the stock remains divisive on Wall Street. Among analysts tracked by Visible Alpha, slightly more than half currently recommend buying the stock.
Microsoft, ranked third by trading volume, closed up 0.31% with a turnover of $14.191 billion. Microsoft warned developers about multi-stage backdoor attacks using job offers as bait. The company stated it discovered a coordinated campaign targeting software developers, where attackers used malicious code repositories disguised as legitimate Next.js projects and technical assessments. The campaign employed well-crafted lures that blended into routine workflows, such as cloning repositories, opening projects, and running builds, allowing malicious code to execute undetected. Telemetry data collected during the investigation linked this campaign to a broader threat cluster using job-themed lures. Microsoft wrote in a security blog post, "Initial event analysis revealed a limited set of malicious repositories directly involved in the observed attacks. Further investigation uncovered additional related repositories, which, while not directly referenced in the observed logs, exhibited identical execution mechanisms, loader logic, and staging infrastructure."
Micron Technology, the fourth most traded stock, closed 5.55% higher with a turnover of $12.727 billion. Micron has begun shipping samples of its 256GB SOCAMM2 to customers, claiming it is the highest-capacity LPDDR module currently available. The module utilizes what Micron calls the industry's first single-die 32Gb LPDDR5X design, enabling low-power memory capacity and paving the way for new system architectures. Raj Narasimhan, Senior Vice President and General Manager of Micron's Cloud Memory Business Unit, stated, "Micron's 256GB SOCAMM2 delivers the most energy-efficient CPU-attached memory solution for AI and high-performance computing. Today's announcement highlights Micron's advancements in technology and packaging, providing the highest-capacity, lowest-power modular memory solution with the industry's smallest footprint."
Amazon, ranked fifth, closed up 3.88% with a turnover of $11.709 billion. Reports on Wednesday indicated that Amazon implemented layoffs within its robotics division.
SanDisk, ranked seventh, closed 5.95% higher with a turnover of $9.176 billion. Storage stocks generally rose on Wednesday. According to the latest survey by TrendForce, global NAND Flash industry revenue in the fourth quarter of 2025 continued to benefit from AI infrastructure demand. Combined revenue for the top five brands surged 23.8% quarter-over-quarter to $21.17 billion. Particularly, North American cloud service providers' deployment of AI server infrastructure spurred explosive growth in Enterprise SSD demand. Coupled with the substitution effect due to severe HDD shortages and extended lead times, overall NAND Flash shortages intensified, driving price increases and benefiting supplier revenue.
Palantir, ranked ninth, closed up 4.06% with a turnover of $9.1 billion. As of Wednesday's close, the stock had risen for six consecutive trading days. Following a four-month sell-off previously, growth potential in its defense business has reignited market enthusiasm for Palantir. Bullish sentiment on Wall Street for the stock is approaching historic highs. Approximately half of this data analytics software company's revenue comes from U.S. government and military contracts. As President Trump escalated threats against Iran and the U.S. and Israel launched military strikes, the stock recorded six straight days of gains. The Trump administration anticipates hostilities could last weeks, while Iranian officials suggested a longer duration. "The stock price increase is an emotional response to Palantir's strategic position within government and military sectors," said Tim Pagliara, Chief Investment Officer of Capwealth Advisors, which holds the stock. "I don't believe the war significantly alters Palantir's fundamentals, but it validates the company's embedded position within the government, laying the groundwork for continued growth and penetration in other military areas. This conflict underscores the company's deep integration and moat within the government system."
AMD, ranked eleventh, closed up 5.82% with a turnover of $8.021 billion. AMD CEO Lisa Su recently revealed at a Morgan Stanley conference that demand for enterprise server CPUs has unexpectedly surged, and the company is working hard to catch up with orders. With the rise of AI Agent applications, the role distribution between CPUs and GPUs in modern AI workloads is changing, with CPUs becoming significantly more important in inference and agentic workflows. This has also prompted hyperscale cloud providers like Meta to sign independent CPU procurement agreements with suppliers like AMD and NVIDIA, marking a shift from GPU-dominated computing resources to more diversified configurations. Su stated, "While the GPU business is exciting, CPU demand has actually far exceeded my expectations. Even though I was already quite optimistic, customer feedback indicates that the demand for AI-supporting CPU computing has been severely underestimated." When asked if AMD can meet the enterprise demand for CPUs, Su acknowledged "supply constraints," primarily due to a sudden surge in customer interest over the past few quarters, leaving the supply chain little time to adjust. She said the company is working closely with partners to address bottlenecks and expects capacity to expand next year. She believes AMD's processor architecture is well-prepared to fully handle the massive computational demands from AI training, inference, and agent applications.
Coinbase Global, ranked fourteenth, closed up 14.57% with a turnover of $5.588 billion. According to Politico, Coinbase suddenly found itself at the center of the latest cryptocurrency battle in Washington after President Trump privately met with Coinbase CEO Brian Armstrong and subsequently criticized major banks for allegedly helping to obstruct a key digital asset bill. The meeting occurred shortly before Trump publicly commented on the matter. In a Truth Social post, he urged lawmakers to advance cryptocurrency legislation and stated that banks "need to make a good deal with the crypto industry." Trump also warned that the recently passed cryptocurrency law, known as the Genius Act, is being "threatened and undermined by banks," echoing arguments Coinbase has made for months.
Intel, ranked nineteenth, closed up 5.75% with a turnover of $4.301 billion. The company's board is set for another change. Long-serving director and current Board Chairman Frank Yeary announced he plans to step down after the company's annual shareholder meeting on May 13, 2026, concluding his 17-year tenure on Intel's board. Yeary joined the board in 2009 and became chairman in 2023. During this period, Intel underwent significant strategic changes and leadership transitions in the rapidly evolving semiconductor industry. Throughout that time, the company sought to re-establish its position in the chip sector, especially amid intensifying competition in AI and advanced manufacturing.
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