Top 20 US Stock Traders on October 7: Marvell Technologies Up More than 5% as It Releases Long-Term Revenue Outlook
The Block
1h ago
Ai Focus
Among the top 20 trading volumes in U.S. stocks on Thursday, technology stocks such as NVIDIA, AMD, Marvell Technologies, Broadcom, Microsoft, and Google all had related news. Marvell Technologies announced its long-term revenue guidance during Investor Day, expecting revenue to reach $20 billion for the fiscal year 2028, with a forecast range of $70 billion to $90 billion for the fiscal year 2031; Broadcom's related AI debt financing reached $60 billion; Google released a multimodal embedding model and responded to the domain name hijacking incident.
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NVIDIA, which ranked second in U.S. stock trading volume on Thursday, closed up 0.14% at $24.172 billion in trading.

NVIDIA-backed Reflection AI releases its first cutting-edge open-source weight model, Beam. Beam performs on par with mainstream open-source models in advanced inference benchmarks, while significantly reducing costs.

Reflection AI refers to Beam as a pure-text mixed expert model, which is trained using high-computing-power reinforcement learning and possesses outstanding capabilities in inference, code writing, and agent tasks. "The cost and inference computing power of token are only a fraction of those of its competitors."

3rd place, Micron fell 1.73%, with transactions amounting to 22.007 billion US dollars.

5th place: SpaceX rose by 0.52%, with transactions amounting to 18.177 billion US dollars.

Wall Street's bullish sentiment towards SpaceX is heating up.

In a research report sent to clients on Monday, Goldman Sachs analyst Eric Sheridan assigned a buy rating to the stock, with a target price of $230 and a potential upside of 44.7%. He believes that the earnings generated by the company's artificial intelligence business segment will exceed the current general expectations on Wall Street.

6th-ranked Supermicro Semiconductor closed 2.80% higher, with trading volume of $15.64 billion.

AMD Company CEO indicates that the company plans to significantly increase supply in 2027. Mizuho has raised its target price from $580 to $705.

7th-ranked Maiwell Technology closed 5.81% higher, with transactions amounting to 14.704 billion US dollars.

Maiwell Technology announced its long-term revenue guidance at the Investor Day event.

Maiwell Technology expects its revenue to reach $20 billion in the fiscal year 2028, which is higher than the $18.17 billion forecast given by analysts from FactSet.

Looking further ahead, the company expects its revenue for the fiscal year 2031 to be in the range of $70 billion to $90 billion, which is significantly higher than the market consensus of $47.04 billion.

Intel, ranked 8th, fell 3.19%, with trading volume of $11.511 billion.

Broadcom, ranked 9th, closed 3.67% higher, with trading volume of $11.484 billion.

Bank of America, Citibank, and Morgan Stanley have begun distributing a debt financing deal totaling $60 billion to other banks in order to fund Anthropic's rental of Google's semiconductors. This is currently the largest chip financing transaction, highlighting the competition among tech companies to secure AI computing power.

This financing, which is partially guaranteed by Broadcom, is seen as a barometer for measuring the market's demand for AI debt.

Microsoft, ranked 10th, closed up 0.78% at $11.119 billion in transactions.

The number of employees using the Anthropic code assistant Claude Code internally at Meta has recently dropped significantly, to around 30,000 people. Internal data from Meta shows that earlier this year, the number of users was about 60,000. Part of the decline in users can be attributed to a previous round of layoffs at Meta, during which approximately 10% of the 78,000 employees laid off were affected.

11th-ranked Sandisk fell 2.56%, with transactions amounting to 1.0862 billion US dollars.

Tesla, ranked 12th, closed 0.51% higher, with trading volume of $10.424 billion.

Tesla's Elon Musk recently made a new statement on the X platform, stating that SpaceXAI will be renamed SpaceXSI.

A netizen asked if it was possible for SpaceXAI to be renamed to SpaceXSI. Musk replied: Yes, we will make that change, and it will no longer be called AI, but rather SI. Later, Musk posted that SpaceX is a super intelligent company.

Apple, ranked 14th, closed higher by 0.22%, with trading volume of $9.843 billion.

15th place, Meta Platforms, fell 0.41%, with trading volume of 8.975 billion US dollars.

One month after Meta launched Muse, this personal proxy quickly became popular. As a result, a group of companies are joining forces to try to simplify the process of introducing this technology into the business world.

Meta, Walmart, Stripe, and several other companies are releasing what they call "Personal Agent Protocols." This is an open standard aimed at specifying how artificial intelligence agents should interact with businesses.

Amazon, ranked 16th, closed higher by 1.95%, with transactions amounting to 8.307 billion US dollars.

Southwest Airlines of the United States has collaborated with OpenAI and Amazon Web Services ( AWS ). Southwest Airlines has launched a ChatGPT plugin that allows users to directly search for and book Southwest Airlines flights within ChatGPT.

Google's Class A shares ranked 18th closed 0.35% higher, with trading volume of $6.368 billion.

Google launches the EmbeddingGemma 2 multimodal embedding model.

In a blog post, Google stated that multiple country code top-level domain (TLD) hijack incidents did not result in any intrusion into its systems. Last week, Google discovered that there were several hijacks in the TLD spaces for gh (Ghana), sl (Sierra Leone), and as (American Samoa). Google believes there is reason to suspect that the certification authorities that issued the affected certificates engaged in improper conduct. Google immediately took protective measures to block the use of unauthorized certificates under its own domains. After initial migrations, data indicated that more organizations were affected by the same attack, including several internationally renowned brands and widely used online services. Google has proactively blocked these certificates in Chrome to ensure the security of users accessing related websites as soon as possible.

Seagate, ranked 20th, saw a decline of 9.18%, with transactions amounting to 5.906 billion US dollars.

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