On Tuesday, Tesla's (TSLA) stock rose by 0.46% with a trading volume of $34.26 billion. Meanwhile, NVIDIA (NVDA, Financial) saw a 2.80% increase, reaching a market cap of $3,445.768 billion, surpassing both Microsoft and Apple to become the largest U.S. publicly traded company by market capitalization.
Jefferies has identified NVIDIA as a top stock pick, predicting profit margins could reach 80% this year. Analyst Blayne Curtis attributes this to the increasing production of the new Blackwell chips, which are driving significant demand and expanding profit margins. NVIDIA is transitioning from chip sales to a comprehensive AI infrastructure provider, with customers ranging from large data centers to hedge funds.
Palantir (PLTR) gained 0.86% with a trading volume of $11.991 billion, amid reports of its technology being used by the Trump administration for federal data sharing. Broadcom (AVGO) rose 3.27%, hitting an all-time high, with significant demand for its Tomahawk 6 chips, essential for AI networks.
CoreWeave jumped 25.19% after signing a long-term data center lease with Applied Digital. Robinhood (HOOD) increased by 5.50% after acquiring Bitstamp, marking a strategic shift towards institutional trading.
