Top 20 US Stock Traders on October 27: Tesla Surges More than 5% as Core Business Prospects Improve, Target Price Raised by Institutions
The Block
1h ago
Ai Focus
Among the top 20 largest trading volumes in U.S. stocks on Monday, Tesla rose 5.21%. Barclays raised its 12-month target price for Tesla from $370 to $450 and upgraded its rating to "overweight." Meta announced plans to raise up to $95 billion through equity financing, while Microsoft stated that it will offer voluntary severance packages to about 60,000 employees to cut costs.
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Tesla, which ranked third in Monday's U.S. stock trading volume, closed up 5.21% with transactions amounting to $20.706 billion.

Barclays has raised Tesla's 12-month target price from $370 to $450 and upgraded its stock rating to "overweight." Analysts believe that the improved growth prospects of Tesla's core automotive business, signs of a turning point in the Robotaxi business, and strong demand for energy storage services are all expected to support the company's valuation.

Elon Musk recently expressed his desire to further develop SpaceX into a corporate group, for which he plans to incorporate Tesla. He stated that "there are many benefits to merging these companies," and emphasized that SpaceX and Tesla are already connected through multiple joint projects ranging from artificial intelligence to chip manufacturing.

Micron, ranked 4th, rose by 2.98%, with transactions amounting to 20.372 billion US dollars.

5th place: Meta Platforms fell 1.88%, with transactions amounting to 19.512 billion US dollars.

Meta announces plans to raise up to $95 billion through equity financing. In the initial phase, $35 billion will be raised by issuing common stocks and preferred stocks, with the aim of funding the infrastructure construction for its large-scale artificial intelligence (AI). The initial financing includes approximately $22.5 billion in Class A common stocks and $12.5 billion in Series A convertible preferred stocks.

Meta Major chip supplier NVIDIA, AMD and Broadcom have expressed their intention to subscribe for shares totaling up to $5 billion.

NVIDIA, ranked 6th, rose by 2.40%, with trading volume of $19.403 billion.

7th place: SpaceX fell 0.40%, with trading volume of 15.158 billion US dollars.

SpaceX has signed a equipment finance lease agreement worth approximately $40 billion with Apollo Global Management Company ( Apollo Global Management Inc.), to fund the purchase of chips required for the development of its artificial intelligence ( AI ) business.

On Monday, SpaceX stated in a regulatory document that the company will determine the final fixed interest rate to be paid at the time of pricing, and the pricing process has not yet been completed. The transaction is expected to be finalized before the end of this year, and the leasing arrangement is anticipated to take effect in the first half of next year.

Apple, ranked 8th, fell 1.07%, with transactions amounting to 14.521 billion US dollars.

Apple's first foldable phone, iPhone, Duo, has faced complaints of inner screen cracking just a few days after its release. The official has acknowledged that a small number of units have issues and is offering replacement phones. A disassembly platform, iFixit, believes that a malfunctioning hinge component is the main cause.

9th place for Brazil's ETF-iShares and MSCI, with a decline of 19.82% and trading volume of 9.845 billion US dollars.

The results of the second round of the Brazilian presidential election have been announced. The current president, Lula, defeated the right-wing candidate Jair Bolsonaro with 51.76% to 48.24%, securing his fourth term in office.

The market had previously bet on a right-wing victory, and the "Bolsonaro deal" fell through on the spot, leading to a simultaneous re-pricing of Brazil's stock, currency, and interest rate markets.

Microsoft, ranked 10th, rose by 1.54%, with transactions amounting to 9.581 billion US dollars.

Microsoft will offer voluntary severance packages to approximately 60,000 employees in order to cut costs and adjust the workforce structure in preparation for the AI era. The number of eligible employees exceeds one-quarter of the total workforce.

Intel, ranked 11th, rose by 4.09%, with trading volume of $8.797 billion.

Intel's CEO Chen Liwu revealed in a conversation by the CASPA furnace that he has discussed potential cooperation with Su Zifeng. He admitted that Intel was once too arrogant, but now they are doubling their efforts into custom chips. He also disclosed that the 18A chip has already entered mass production, the 14A chip is making strong progress, and the 1.0 version of PDK will be available by the beginning of next year.

13th-ranked SuperPower Semiconductor rose 2.80%, with trading volume of $8.779 billion.

Sandisk, ranked 14th, saw a 1.42% increase in value, with transactions amounting to 8.237 billion US dollars.

Amazon rose 0.42% to rank 15th, with transactions amounting to $7.872 billion.

Anthropic has received an additional $77 billion in financing from Google, Amazon, and Broadcom. Each agreement comes with its own specific conditions: Amazon's financing agreement is linked to Anthropic achieving certain milestones in computing power; the $20 billion commitment from Google partly depends on whether Anthropic can meet specific revenue targets. Super-large cloud service providers such as Google and Amazon have provided billions of dollars to Anthropic to help this artificial intelligence startup meet its computing needs, despite both being competitors. Google and Amazon have collectively invested tens of billions of dollars in Anthropic, becoming its largest shareholders.

Google's Class A shares, ranked 16th, closed down 1.06%, with trading volume of $7.563 billion.

Broadcom, ranked 17th, rose by 2.33%, with transactions amounting to 6.066 billion US dollars.

20th place Lumentum Holdings Inc. Up 8.19%, with transactions amounting to 4.867 billion US dollars.

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