NVIDIA, the top stock by trading volume, closed up 0.36% with a turnover of $24.989 billion. The stock rose for the ninth consecutive trading day, marking its longest winning streak in two years. After the market close on Monday, NVIDIA issued a clarification announcement: reports regarding the acquisition of a personal computer (PC) business were "inaccurate," stating that "NVIDIA is not engaged in negotiations to acquire any PC manufacturer." Prior to this, shares of Dell Technologies Inc. and Hewlett Packard Enterprise both advanced after the tech industry news site SemiAccurate reported that NVIDIA was seeking an acquisition that would reshape the PC industry landscape. The site claimed NVIDIA had been in talks for over a year to acquire a "large enterprise." Tesla Motors, the second most traded stock, closed up 0.99% with a turnover of $18.576 billion. Media reports on Monday indicated that XChat, an independent messaging app from Elon Musk's social platform X, is expected to launch on the Apple App Store on the 17th, with reservations now open. Several tech media outlets reported that X is further separating its existing in-platform chat feature to launch a dedicated communication app for Apple users. According to the Apple App Store page, XChat is positioned as a way to "chat with anyone on X in a private, focused space," promoting "no ads, no tracking, and end-to-end encryption." The product is also reported to support group chats and voice or video calls. Syndax Pharmaceuticals, the third most active stock, closed up 11.83% with a turnover of $17.606 billion. The stock reached a new all-time high, pushing its year-to-date gain to over 300%. Reports indicate that Syndax has begun contacting partners for materials, components, and equipment to establish an ecosystem for a High Bandwidth Flash (HBF) prototype production line, with plans to introduce prototype products in the second half of this year. The pilot production line is expected to be completed and operational in the second half of 2026, with commercialization targeted for 2027. Informed sources stated that as sample production accelerates, Syndax may move its entire HBF development timeline forward by approximately six months, indicating a strong intent to seize market opportunities. Additionally, Nasdaq recently announced that Syndax will be formally included in the Nasdaq-100 index before the market open on April 20, which is expected to generate passive buying from over $600 billion in tracking funds. Microsoft, the fifth most traded stock, closed up 3.64% with a turnover of $13.269 billion. OpenAI voiced support for its alliance with Amazon.com, stating that Microsoft "limited our" ability to reach customers. OpenAI's new revenue chief, Dennis Dresser, sent a memo to employees on Sunday affirming that the company's alliance with Amazon is a key growth driver for its enterprise business, while also pointing out limitations in its long-standing partnership with Microsoft. Dresser's memo comes less than two months after Amazon announced plans to invest up to $50 billion in OpenAI as part of a strategic collaboration. Microsoft, Amazon's top competitor in cloud computing, has invested over $13 billion in OpenAI since 2019, supporting the company well before ChatGPT ignited the generative AI boom. "Our partnership with Microsoft has been a cornerstone of our success. But it has also limited our ability to meet customers where they are—which for many is on Bedrock," Dresser wrote in the memo. "Since we announced the partnership in late February, customer demand for this offering has been frankly astounding." Palantir Technologies Inc., the ninth most active stock, closed up 3.37% with a turnover of $8.62 billion. Year-to-date, the stock is down 25.5%. Market analysis suggests the recent weakness in the software sector is partly due to intensified competition in the AI field, particularly the rapid rise of Anthropic. Data shows Anthropic's current annualized recurring revenue (ARR) has reached approximately $30 billion, a significant increase from $9 billion at the start of the year, establishing it as a major new force in the AI race. However, Wall Street firm Wedbush noted that Anthropic's success does not pose a substantive threat to Palantir. The report stated that Palantir continues to show strong growth in its US commercial and government businesses, with commercial business up 137% year-over-year and government business up 66%, indicating sustained acceleration in its core operations. Wedbush maintained its "Outperform" rating on Palantir with a $230 price target. The firm believes the narrative that "Anthropic is eating into Palantir's business" is unfounded and represents an amplified market story. Oracle, the tenth most traded stock, closed up 12.69% with a turnover of $7.342 billion. Oracle released a new suite of AI-driven applications designed to help businesses automate complex processes in areas such as finance, supply chain, human resources, and customer management. The software, named Fusion Agentic Applications, works with Oracle's Fusion Cloud platform. It utilizes collaborative AI agents that can assess, decide, and execute tasks with minimal human assistance. The goal is to go beyond simple automation to build systems that can autonomously manage workflows and adapt to new situations. Oracle executives stated that many enterprise teams still spend excessive time on manual tasks and system handoffs. By embedding AI agents directly into business applications, Oracle aims to speed up critical operations, reduce costs, and increase efficiency. To address threats from future technologies like AI and quantum computing, Oracle has added extra layers of database security, such as "Platinum" and "Diamond" levels. The company has also expanded its financial crime solutions using technology from Lucinity. Intel, the eleventh most active stock, closed up 4.49%, reaching a new all-time high, with a turnover of $7.153 billion. As of Monday's close, the stock had risen for nine consecutive trading days. CoreWeave, Inc., the twelfth most traded stock, closed up 8.11% with a turnover of $6.109 billion. Recent reports indicated that Anthropic has agreed to lease data center computing power from CoreWeave to handle growing demand for its AI services. According to CoreWeave's CEO, this computing power will include various NVIDIA chip architectures in US data centers. The agreement will help Anthropic build and deploy its Claude AI models. CoreWeave now counts four major AI model developers among its client roster. Goldman Sachs, the nineteenth most active stock, closed down 1.87% with a turnover of $3.72 billion. The bank's latest first-quarter earnings report was generally stronger than expected, but an unexpected decline in FICC trading revenue dampened market sentiment. According to the earnings report released by Goldman Sachs before the market open, the bank's Q1 2026 revenue was $17.227 billion, up 14% year-over-year, surpassing market expectations of $16.97 billion. Earnings per share were $17.55, up 24% year-over-year, beating the consensus estimate of $16.49. Following the earnings release, the company's CEO stated that as the quarter progressed, the macroeconomic environment began to weigh on market sentiment.
Comments