NVIDIA (NVDA) topped the U.S. stock market trading volume, closing down 0.14% with $34.324 billion in transactions. The company announced a collaboration with Microsoft to introduce neural shading support in the upcoming Microsoft DirectX preview. This will allow developers to access NVIDIA GeForce RTX graphics processors' AI tensor cores, accelerating neural network performance in gaming graphics pipelines.
Tesla (TSLA) saw a 2.99% decline, with $27.185 billion in trading. The stock has dropped over 8% this week. Tesla warned that trade wars initiated by the U.S. could lead to retaliatory tariffs, increasing the cost of manufacturing cars in the country. In a letter to U.S. Trade Representative Jamieson Greer, Tesla expressed support for fair trade but cautioned that U.S. exporters could face disproportionate impacts from foreign responses to U.S. trade actions.
Apple (AAPL) fell 3.36%, with $12.8 billion in trades, marking a four-day losing streak and a cumulative 12.3% decline this week. Morgan Stanley lowered its price target for Apple, citing delayed AI feature rollouts affecting iPhone upgrade decisions. The delay in advanced Siri features could impact Apple's plans to accelerate iPhone upgrade rates in fiscal 2026.
Meta Platforms (META) dropped 4.67%, with $9.751 billion traded. South Korea's Supreme Court dismissed Meta's appeal against administrative fines and corrective orders related to unauthorized sharing of user data in November 2020.
Palantir (PLTR) declined 4.82%, with $8.001 billion in transactions. Despite recent sell-offs in tech stocks, Wedbush remains optimistic about AI leaders like Palantir, predicting record highs by late 2025.
Amazon (AMZN) saw a 2.51% drop, with $7.747 billion in trades. Amazon Web Services announced the availability of DeepSeek-R1, a fully managed serverless large language model on Amazon Bedrock, enhancing AI-driven complex reasoning and contextual understanding.
Microsoft (MSFT) fell 1.17%, with $7.577 billion in transactions. The U.S. House Judiciary Committee requested information from Microsoft and other tech companies about their AI work and any potential collaboration with the Biden administration on free speech censorship.
Intel (INTC) rose 14.60%, with $5.749 billion in trades. Analysts praised incoming CEO Lip-Bu Tan for bringing credibility that could restore investor confidence and support Intel's efforts to become a leading contract chip manufacturer.
Adobe (ADBE) dropped 13.85%, with $5.518 billion in trading. The company's quarterly earnings report raised concerns about growth and AI monetization strategies, leading to a lowered price target by Oppenheimer and Stifel.
