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Top 20 in Trading Volume | Chip stocks rallied, with AMD up over 5% and Broadcom up 4%; Google unveiled its most powerful world model, Genie 4; Apple launched the 24-inch iMac equipped with the M6 chip; Boeing plunged more than 10% after reporting earnings.

Futu News ·  Oct 28 05:51

Tuesday's U.S. stock trading volume$Meta Platforms (META.US)$The No. 1 index closed down 1.64%, with trading volume totaling $31.541 billion.

Sources revealed that Meta Platforms (META.O)'s expanded $25 billion stock offering attracted subscription demand roughly five times the number of shares available. The company plans to raise $98 billion to fund its AI initiatives. According to insiders, more than half of the common shares in this offering were allocated to long-term investors and existing shareholders. Among them, the top 15 largest subscribers collectively received about 70% of the shares issued. The offering was priced at $625 per share, a 2.7% discount compared with the closing price on Friday before the announcement. On Tuesday, Meta's stock fell as much as 1.4% in New York trading, to $621.47 per share. This stock offering is just one component of Meta's broader financing plan, which also includes issuing $12.5 billion of mandatory convertible preferred shares and a planned market‑based secondary offering. If the final fundraising reaches $98 billion, it would become one of the largest equity financings in history. (Bloomberg)

2nd place$Micron Technology (MU.US)$It closed up 2.77%, with trading volume reaching $21.125 billion.

In the second half of the year, market sentiment shifted, putting pressure on the stock prices of AI‑related component manufacturers such as semiconductor and memory firms, as investors began to question whether their massive spending commitments could be sustained. A positive factor for memory stocks is that valuations remain reasonable: Micron's forward 12‑month P/E ratio stands at 5x, making it the second‑lowest among S&P 500 constituents.

3rd place$NVIDIA (NVDA.US)$It closed up 0.90%, with trading volume at $18.348 billion.

According to ZDNet, Samsung and SK Hynix are preparing to supply NVIDIA's Rubin Ultra with 8-layer HBM4 in the second quarter of 2027, a move that could alter the original plan to adopt 12-layer HBM4E. Meanwhile, as reported by Wccftech, NVIDIA quietly reduced the HBM4 bandwidth specifications for its Vera Rubin platform as early as last September—cutting the bandwidth per Rubin GPU by about 13%, with the reduction reaching as high as 26% at the HGX Rubin NVL8 system level.

The aforementioned adjustments directly affect both HBM suppliers and the GPU industry chain. The lowered bandwidth threshold means that more HBM4 products are likely to pass NVIDIA's qualification, expanding potential supply sources; meanwhile, the introduction of an 8-layer configuration will reduce the cost and bill-of-materials burden per HBM stack, which, against the backdrop of persistently tight HBM supply, is expected to help alleviate capacity bottlenecks.

4th place$Tesla (TSLA.US)$It closed up 4.04%, with trading volume reaching $18.201 billion.

Tesla rose more than 4%, with its market capitalization back at $1.6 trillion, up over 30% from its 2026 low.

5th place$SpaceX (SPCX.US)$It closed up 1.14%, with trading volume reaching $14.239 billion.

6th place$Apple (AAPL.US)$It closed up 0.93%, with trading volume at $13.531 billion.

Apple unveiled a series of new products this week, and ahead of the debut of the touchscreen MacBook Pro, it first launched the 24-inch iMac equipped with the M6 chip and the 14-inch entry-level MacBook Pro.

The two new models will be available for pre-order at 1:10 a.m. on October 29, with official shipping beginning on November 6. The new iMac starts at RMB 12,499, while the MacBook Pro starts at RMB 15,999. Apple stated that the M1 chip delivers five times the performance of the previous generation in AI tasks, and the entry-level MacBook Pro offers a 30% improvement in graphics processing speed compared to its predecessor.

This launch marks the second wave of Apple's new-product push this week; on Monday, the company just updated the iPad mini, adding an upgraded display and water resistance. According to Wallstreetcn, Apple will wrap up this week's product announcements on Wednesday with its first-ever touchscreen MacBook Pro.

7th place$Advanced Micro Devices (AMD.US)$It closed up 5.45%, with trading volume reaching $11.389 billion.

AMD plans to invest $1 billion in Meta stock, and AMD's Helios rack-scale system is now in production at Meta.

9th place$Alphabet-A (GOOGL.US)$It closed up 1.19%, with trading volume at $9.107 billion.

Google describes Genie 4 as its most realistic and interactive world model to date, with Gemini serving as the "brain" of the simulated environment, enabling real-time planning and scene adjustments. All generated content carries a SynthID watermark. Currently available as a research preview to a select group of vetted testers, it will gradually roll out to Google AI Ultra subscribers and certain developers in the future. Google is exploring potential applications for this new model across gaming, film and television, and robotics, investigating how it can be integrated into existing workflows and where its capabilities lie.

11th place$Broadcom (AVGO.US)$It closed up 4.00%, with trading volume reaching $8.704 billion.

Broadcom has arranged for financial partners to purchase AI racks based on custom AI accelerators. It provides residual value support to special purpose vehicles (SPVs), with the maximum potential liability under the guarantee arrangement amounting to approximately US$43 billion. The company assumes a maximum liability of US$43 billion for indemnifying AI rack losses, and this indemnity covers 72.5% of the customers' lease amounts.

13th place$Intel (INTC.US)$It closed up 3.61%, with trading volume reaching $8.347 billion.

Intel and Oracle announced plans for a multi-year collaboration to expand the deployment of Intel Xeon processors on Oracle Cloud Infrastructure (OCI), thereby meeting the growing demand for enterprise applications, agentic AI, and inference. The two companies will coordinate their roadmaps and capacity planning, with the scope of the partnership covering both current and future Xeon platforms, including the planned OCI X14 instances based on Intel's next-generation server processor, codenamed Diamond Rapids.

14th place$Boeing (BA.US)$It closed down 10.69%, with trading volume reaching $8.089 billion.

Boeing's latest financial disclosure disappointed the market, sending its stock price sharply lower.

Boeing CEO Kelly Ortberg said on Tuesday that the company's target of achieving a monthly production rate of 47 737 aircraft will be delayed until early 2027, a significant postponement from the previous forecast.

Meanwhile, the company's guidance for free cash flow growth falls well short of Wall Street consensus: about $3 billion next year and roughly $6 billion in 2028, compared with analysts' prior estimates of $5.6 billion and $9.6 billion, respectively, according to LSEG data.

At the close, Boeing's stock plunged 10%, hitting its lowest level since April 2025.

15th place$Seagate Technology (STX.US)$It closed up 3.67%, with trading volume reaching $5.639 billion.

Driven by surging demand for AI‑related storage, Seagate posted first‑quarter revenue of $4.23 billion, up 61% year over year, with both earnings and its guidance for the next quarter comfortably exceeding expectations. Thanks to disciplined cost management, gross margin surged past 57%, and cash flow remained robust. The company regards HAMR technology as the cornerstone of its long-term growth. However, a nearly 150% year‑to‑date rally has elevated market expectations.

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Editor/stephen

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