On Friday, NVIDIA (NASDAQ: NVDA) was the second most actively traded US stock, closing up 1.34% with $31.784 billion in turnover. NVIDIA announced that the DGX SPARK 64GB configuration will be available through major partners starting this month. The device can run AI models with up to 100 billion parameters locally. The DGX SPARK 64GB will go on sale through major partners beginning October 23, with a starting price of $4,999. NVIDIA shares hit their first record high in more than four months on Friday, as investors continued to buy back into the leading AI chip company. NVIDIA has regained its status as Morgan Stanley's top pick.
The third most traded stock was Micron (NASDAQ: MU), which fell 2.05% with $29.464 billion in turnover. Micron Technology reported its best quarterly results ever, steadily closing in on SK Hynix, which ranks second in the DRAM market. However, Saxo Bank believes Micron's earnings report did not dispel market concerns about AI demand.
The fifth most traded stock was Tesla (NASDAQ: TSLA), which rose 4.65% with $20.473 billion in turnover. Tesla's third-quarter deliveries beat expectations: a total of 486,532 vehicles were delivered, down 2.1% year-over-year but above the consensus estimate of 463,761. Of that, Model 3/Y deliveries totaled 478,237, down 0.6% year-over-year versus an estimate of 462,078. On the production side, total vehicle production in the third quarter was 464,391, up 3.8% year-over-year but below the estimate of 473,294. Model 3/Y production was 457,387, up 4.9% year-over-year versus an estimate of 481,279.
The sixth most traded stock was SpaceX (NASDAQ: SPACEX), which rose 7.35% with $18.754 billion in turnover. Four astronauts aboard a SpaceX spacecraft reached the International Space Station in just eight hours, setting a US spaceflight speed record and docking with the station on Thursday. Elon Musk posted on X on October 1, saying SpaceX hopes to use Starship to send larger-aperture telescopes into orbit and eventually deploy a "giant telescope" on the Moon, which could reshape the landscape of astrophysics research.
The seventh most traded stock was SanDisk (NASDAQ: SNDK), which fell 3.79% with $14.163 billion in turnover. The eighth was Advanced Micro Devices (NASDAQ: AMD), which rose 2.95% with $12.595 billion in turnover. The ninth was Intel (NASDAQ: INTC), which fell 0.56% with $11.594 billion in turnover. The tenth was Seagate (NASDAQ: STX), which fell 10.21% with $11.243 billion in turnover. The eleventh was Apple (NASDAQ: AAPL), which rose 1.02% with $11.073 billion in turnover. Apple developers said that updates to "Full Disk Access" in macOS will introduce more control features in the future.
The fourteenth most traded stock was Western Digital (NASDAQ: WDC), which fell 10.22% with $10.2 billion in turnover. The fifteenth was Meta Platforms (NASDAQ: META), which rose 0.30% with $9.45 billion in turnover. The state of New Mexico asked a judge on Thursday to order Meta to pay a fine of $35 billion to $40 billion. Meta laid off employees from Virtue AI, which it had hired in June of this year. The sixteenth was Microsoft (NASDAQ: MSFT), which rose 0.92% with $9.195 billion in turnover. Microsoft's Azure is about to be brought under the European Union's strict regulatory framework for large technology companies.
The seventeenth most traded stock was Broadcom (NASDAQ: AVGO), which rose 3.35% with $8.702 billion in turnover. After speaking with Broadcom's CEO and CFO, UBS maintained its "Buy" rating and $470 price target on the company, saying Broadcom's previous AI revenue guidance for fiscal 2027 to 2028 still has significant room to be raised. According to people familiar with the matter, Broadcom's Wall Street underwriting group is preparing to raise $60 billion in new AI chip financing, with beneficiaries including Anthropic and other companies.
The nineteenth most traded stock was Amazon (NASDAQ: AMZN), which rose 1.33% with $8.358 billion in turnover. According to people familiar with the matter, Amazon plans to sell about $8 billion worth of Nvidia high-end chips to outside investors through a newly established special vehicle as a way to optimize its balance sheet. Amazon plans to invest $1 billion over the next five years in the communities where its US data centers are located. US First Lady Melania Trump endorsed Amazon: Amazon's commitment to "cultivating the future" will equip millions of students with powerful artificial intelligence tools and digital skills. Amazon Web Services (AWS) is about to be brought under the European Union's strict regulatory framework for large technology companies.
The twentieth most traded stock was Google (NASDAQ: GOOGL), which rose 1.56% with $8.153 billion in turnover. Google raised the price of its budget Pixel 10a phone by $100 to $599. Google launched the general availability of Spanner queues for agent-based transactional messaging services. Google: the prototype satellite for "Project Suncatcher" has entered orbit. A federal judge in New York ruled that Gannett, Daily Mail Group, and a class of large publishers can seek more than $3.2 billion in damages for harm caused by Google's monopoly of the advertising technology market.