On Thursday, NVIDIA, ranked first in trading volume, closed down 0.26% with a trading volume of $26.393 billion. Prior to this, the stock had risen for 11 consecutive trading days, marking its longest winning streak since 2023.
NVIDIA has consistently benefited from sustained demand for AI hardware. At last month's GTC conference, NVIDIA's CEO Jensen Huang stated that the company's GPU orders total over $1 trillion through 2027, including the Blackwell and next-generation Vera Rubin chips.
NVIDIA also denied reports that it was seeking to acquire a major PC manufacturer. The company clarified that it is not in acquisition talks with any computer maker, following speculation that had briefly boosted the stock prices of Dell and HP.
Additionally, NVIDIA released a new set of open-source models targeting quantum computing. NVIDIA's data center revenue grew 75% year-over-year and now constitutes 88% of its total sales, highlighting that AI demand remains its primary growth driver.
Tesla, ranked second, closed down 0.78% with a trading volume of $24.487 billion. Data indicates that Tesla is increasingly relying on internal demand to support Cybertruck sales, suggesting its appeal to the general consumer may be lower than initially expected. Registration data shows that in the fourth quarter, out of 7,071 Cybertrucks registered in the U.S., 1,279 (over 18%) were purchased by SpaceX, while other companies under Elon Musk's umbrella (including xAI, The Boring Co., and Neuralink) purchased an additional 60 units.
In effect, nearly one-fifth of the Cybertrucks delivered that quarter were absorbed within Musk's broader business ecosystem, an unusual pattern for a new vehicle originally positioned as a breakthrough for the mass market.
When excluding external demand, the underlying trend becomes more pronounced. Without these internal purchases, Cybertruck registrations for the quarter would have fallen by 51%, indicating a steeper decline in retail interest. At current price levels, these transactions could be valued at over $100 million and are scheduled to continue through 2026, with new vehicle registrations still occurring in January and February. While some vehicles appear to be for operational use, such as replacing fuel-powered support fleets or for security functions, the rationale for purchases by certain entities, particularly those focused on artificial intelligence, remains less clear.
Advanced Micro Devices, ranked third, closed up 7.80%, reaching a new all-time high, with a trading volume of $17.578 billion. Analysis suggests that AMD will be the primary beneficiary of a surge in CPU demand, with its EPYC "Turin" processors utilizing a chiplet architecture facing supply shortages due to high demand.
"The demand increase over the past 6 to 9 months is unprecedented," stated Forrest Norrod, head of AMD's Data Center Business, adding that there are no signs of demand slowing or stopping in the near term. Analysts at KeyBanc noted that AMD's EPYC server CPUs are nearly sold out for the entire year, with lead times for high-end EPYC processors extending to 8-10 weeks.
In a detailed interview on April 8, Dylan Patel, Chief Analyst at renowned semiconductor analysis firm SemiAnalysis, stated that the paradigm for AI workloads is evolving from simple text generation to complex agents and reinforcement learning, leading to an "extremely severe capacity shortage" for CPUs.
A recent report from market research firm TrendForce mentioned that the current CPU-to-GPU ratio in AI data centers is approximately 1:4 to 1:8, but in the era of agent AI, this ratio is expected to narrow significantly to between 1:1 and 1:2.
SanDisk, ranked sixth, closed up 3.11% with a trading volume of $12.478 billion, ending its two-day losing streak.
Taiwan Semiconductor Manufacturing Company (TSMC), ranked ninth, closed down 3.13% with a trading volume of $9.586 billion. On April 16, TSMC held its first-quarter 2026 earnings conference.
The day's financial report showed first-quarter revenue of $35.9 billion, a 40.6% increase year-over-year and a 6.4% increase sequentially, slightly above first-quarter guidance. Net profit for the period rose 58% to $18.2 billion, surpassing market expectations and marking the company's eighth consecutive quarter of double-digit growth.
For the second quarter, TSMC's CFO Huang RenZhao projected revenue between $39 billion and $40.2 billion (compared to a prior market estimate of $38.11 billion), representing 32% year-over-year growth. Capital expenditure for 2026 is expected to be near the high end of the $52 billion to $56 billion range. Sales for 2026 (in U.S. dollars) are forecast to achieve year-over-year growth exceeding 30%.
Oracle, ranked tenth, closed up 5.02% with a trading volume of $8.238 billion. Oracle and AWS announced an expansion of their multi-cloud collaboration by connecting OCI with AWS interconnect products to establish enterprise-grade private connections. This move deepens their cooperation in the AI database domain, enabling customers to seamlessly run applications and transfer data across clouds without building physical networks. The news contributed to Oracle's rise.
Oracle and Amazon Web Services (AWS) announced an expansion of their multi-cloud network partnership. The companies plan to connect their respective cloud interconnect products to establish high-performance, enterprise-grade private connections between Oracle Cloud Infrastructure (OCI) and AWS, helping customers seamlessly run applications, transfer data, and advance AI modernization efforts across both platforms.
Intel, ranked twelfth, closed up 5.48% with a trading volume of $7.231 billion. Intel is attempting to bring AI PCs to a broader audience by launching its new Core Series 3 processors, with a clear focus on "affordability."
Analysts say the rationale is simple: not everyone needs a high-end machine, but a growing number of people want built-in AI capabilities. These new chips are designed for students, small businesses, and general users, allowing them to access on-device AI experiences without paying premium prices. Based on Intel's latest architecture, these chips can deliver up to 40 TOPS of AI computing power, meaning more tasks can run locally without relying on the cloud.
Netflix, ranked sixteenth, closed up 0.07% with a trading volume of $5.741 billion. The company reported earnings after Thursday's close. First-quarter revenue was $12.25 billion, compared to an estimate of $12.17 billion. Second-quarter revenue is projected to be $12.57 billion, versus an estimate of $12.64 billion.
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