Nvidia, ranked first in Monday's US stock trading volume, closed up 2.72% with a turnover of $31.36 billion. Billionaire Leo KoGuan increased his stake in Nvidia once again, doubling his holdings to 2 million shares. He amplified his investment in the chipmaker amidst a global sell-off across various assets from bonds to stocks triggered by the Middle East conflict. "As promised, I bought another 1 million shares of NVDA today," KoGuan stated in a post on the social platform X last Saturday, just days after announcing his initial purchase. According to the Bloomberg Billionaires Index, KoGuan's net worth is approximately $13.4 billion. While this purchase is relatively small compared to his total wealth, it is a notable move for an investor whose assets have long been heavily concentrated in a single stock: Tesla.
Tesla, ranked second, closed up 0.49% with a turnover of $25.936 billion. Tesla has opened its first public Tesla Semi supercharging station in Los Angeles. Reports indicate the station offers charging speeds of up to 750 kW and is open to Tesla Semi customers. The official Tesla Semi account highlighted this development in a post on social media platform X. The Los Angeles site appears to be the first public Tesla Semi supercharging station not located at a Tesla factory. It is also currently the third supercharging site visible on Tesla's map.
Broadcom, ranked third, closed up 4.62% with a turnover of $13.702 billion. Morgan Stanley analyst Joseph Moore raised the price targets for both Marvell Technology and Broadcom following their quarterly earnings reports. He emphasized that Broadcom is the preferred choice due to its leadership in custom application-specific integrated circuits (ASICs), which are more efficient and cost-effective than GPUs for certain AI tasks. Moore maintained an "Overweight" rating on Broadcom, increasing his price target from $462 to $470, implying approximately 42% upside potential. He maintained an "Equal-weight" rating on Marvell, raising the target from $95 to $103, suggesting nearly 15% potential upside.
Micron Technology, ranked fourth, closed up 5.14% with a turnover of $13.079 billion. US memory chip stocks generally rose on Monday. A Bank of America Global Research team stated clearly in its latest memory industry tracker report that the memory sector is in a super-cycle. The impact of Middle East conflicts on the memory supply chain is almost negligible, as the memory chip supply chain is highly characterized by intra-Asian circulation. The report stated that demand for DRAM and NAND remains strong, far exceeding current production capacity. The average operating profit margin for the DRAM industry is expected to easily exceed 60%, and for NAND to surpass 30%.
SanDisk, ranked sixth, closed up 11.64% with a turnover of $11.646 billion.
Advanced Micro Devices (AMD), ranked 11th, closed up 5.33% with a turnover of $7.548 billion. A report on Monday indicated that Adeia and AMD entered into a multi-year intellectual property licensing agreement. Adeia will allow AMD to use its IP portfolio. The agreement also resolves all pending litigation between the two companies. The financial terms of the agreement were not disclosed.
Vertiv Holdings, ranked 15th, closed up 9.33% with a turnover of $5.267 billion. After the market close on Friday Eastern Time, S&P Dow Jones Indices announced that Vertiv Holdings would be added to the S&P 500 index. Organic order growth for the company over the past 12 months up to the fourth quarter of fiscal 2025 was 81%. Fourth-quarter orders increased 252% year-over-year and 117% sequentially, with a book-to-bill ratio of 2.9x. The backlog at the end of the fourth quarter was $15 billion, up 57% sequentially. While the composition of the backlog has changed little compared to a year ago, a greater proportion is distributed within a 12 to 18-month window. TF Securities raised its revenue and profit forecasts for the company for fiscal 2026, maintaining a "Buy" rating.
Lumentum Holdings, ranked 16th, closed up 14.73% with a turnover of $4.758 billion. US optical communication stocks generally rose on Monday. After Friday's close, S&P Dow Jones Indices announced that Lumentum would be added to the S&P 500 index, effective March 23, 2026. Additionally, on March 2, Nvidia announced a $2 billion investment and a multi-year strategic collaboration with Lumentum, including a commitment to purchase billions of dollars worth of high-end laser components, focusing on optical technology for AI data centers.
Hims & Hers Health Inc., ranked 20th, closed up 40.79% with a turnover of $3.863 billion. The company announced a partnership with pharmaceutical manufacturer Novo Nordisk A/S to sell its popular GLP-1 weight-loss drugs, a move that also resolves a recent legal dispute. This deal marks a surprising turn of events, as Novo Nordisk had previously been engaged in litigation against Hims & Hers for selling compounded versions of its blockbuster drugs. As part of the new collaboration, Hims & Hers gains the ability to directly offer FDA-approved drugs like Ozempic and Wegovy on its platform. In return, the company plans to limit the supply of its compounded semaglutide products and cease advertising for such products. Following the announcement, Novo Nordisk withdrew its lawsuit against the company, marking the end of the dispute. The agreement is seen as a strategic shift for Hims & Hers, moving it from a market disruptor towards a more established healthcare provider.
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