On Tuesday, the third most actively traded US stock was Apple, which closed down 1.90% with $20.277 billion in turnover. In its annual financial filing on Tuesday, Apple said AI agents capable of acting in "unexpected or unpredictable ways" could expose the company to litigation or damage its reputation, posing a threat to its business. The new risk factor in Apple's filing highlights the disruptive potential of AI agents, which have rapidly become a top concern for Silicon Valley's most important companies.
The fourth most traded stock was Nvidia, which rose 2.29% with $18.716 billion in turnover. On November 3, Chinese Foreign Ministry spokesperson Mao Ning held a regular press conference. A reporter asked: According to the Financial Times, Nvidia requires some data center partners to provide at least 51% of their services to non-Chinese companies. This move may restrict Chinese companies' access to key AI technologies. What is China's response? Mao Ning said she was not aware of the specific situation. China consistently believes that all parties should cooperate on the principles of fairness, transparency and non-discrimination.
The fifth most traded stock was Micron, which rose 2.58% with $17.807 billion in turnover. The sixth was AMD, which rose 3.65% with $15.533 billion in turnover. AMD reported third-quarter earnings on Tuesday that beat Wall Street expectations, with revenue up 45% year over year and data center sales nearly doubling from a year earlier. The stock jumped 7% after hours. CEO Lisa Su said she expects growth in the data center processor business to "accelerate further" and that meeting demand will not be a problem.
The seventh most traded stock was Oracle, which rose 5.85% with $10.449 billion in turnover. In Oracle's $10 billion share sale, 65% of the allocation went to the ten investors with the largest subscription sizes. Demand for the sale was several times the offering size. The sale was subscribed by long-term investors, sovereign wealth funds and existing shareholders. The top twenty investors together subscribed for 85% of the shares.
The eighth most traded stock was Tesla Motors (TSLA), which fell 1.32% with $10.422 billion in turnover. Tesla Motors CEO Elon Musk is reconsidering the partnership arrangement for the Terafab chip project in Texas and may let TSMC take on more construction and operation work. It is reported that the two sides are preparing to restart negotiations to discuss TSMC taking primary responsibility for plant construction and operations, while equity and investment arrangements are still under discussion. Musk previously said Tesla Motors and SpaceX would build and operate the factory themselves.
The ninth most traded stock was Microsoft, which rose 2.74% with $10.321 billion in turnover. The tenth was SpaceX, which rose 3.62% with $10.080 billion in turnover. SpaceX is gradually integrating related resources and plans to become one of the major wireless communications operators in the United States, including possibly building its own terrestrial mobile communications network and acquiring available wireless spectrum resources on the market.
The eleventh most traded stock was Alphabet Class A shares, which rose 0.37% with $9.642 billion in turnover. The thirteenth was SanDisk, which rose 4.78% with $9.387 billion in turnover. The fourteenth was Amazon, which rose 2.06% with $9.375 billion in turnover. The fifteenth was Palantir Technologies, which fell 1.65% with $9.056 billion in turnover. The company's third-quarter revenue and profit both beat expectations and it raised its full-year guidance, but total contract value (TCV) growth slowed markedly, triggering investor concerns about the sustainability of future revenue growth.
The sixteenth most traded stock was Intel, which rose 0.97% with $8.881 billion in turnover. The seventeenth was Meta Platforms, which rose 2.36% with $8.377 billion in turnover. Meta Platforms is seeking to raise about $15 billion through a cross-border US dollar bond issuance. As investor skepticism about tech giants' heavy spending deepens, these companies are still issuing debt to finance AI infrastructure construction. Investor orders at one point reached $58 billion, about 3.9 times the offering size. Data shows this is roughly in line with the average peak subscription multiple for US dollar bond deals by major US tech companies this year.
The eighteenth most traded stock was Marvell Technology, which rose 0.33% with $6.631 billion in turnover. The nineteenth was Okta, which rose 2.60% with $6.403 billion in turnover.
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