Top 1 by trading volume on the US stock market on Friday$Micron Technology (MU.US)$It closed down 0.5%, with trading volume reaching $54.029 billion.
The stock declined on five of the past six trading days, falling a cumulative 13.31% this week.
Micron Technology announced on Thursday that it has signed long-term agreements with several automotive suppliers, including chip designer$Qualcomm (QCOM.US)$, audio products manufacturer Harman, and$Visteon (VC.US)$, JOYNEXT,$Denso (6902.JP)$Astemo, and$Hyundai Mobis (012330.KR)$other automotive component suppliers. The agreements aim to ensure a stable supply of memory and storage components for AI-enabled vehicles and help partners optimize production planning and investment decisions for future advanced vehicle platforms by locking in prices.
2nd place$NVIDIA (NVDA.US)$It closed down 2.21%, with trading volume reaching $29.21 billion.
During Friday’s trading session, Apple briefly surpassed NVIDIA in market capitalization, reclaiming its position as the world’s most valuable company for the first time in over a year. Investors now favor the iPhone maker to stage a comeback in the artificial intelligence race, especially as it does not need to commit massive and increasingly risky capital expenditures on data centers like other major tech giants.
As of the market close, NVIDIA's market capitalization once again surpassed Apple's, narrowly retaining its position as the world's most valuable company.
3rd place$SanDisk (SNDK.US)$It closed down 3.99%, with trading volume reaching $27.654 billion.
The stock has declined more than 29% cumulatively this week and posted weekly losses in three of the past four weeks.
4th place$Apple (AAPL.US)$ It closed up 0.14%, with trading volume reaching $21.068 billion.
Apple Inc. and the U.S. Department of Justice are engaged in preliminary settlement discussions regarding a 2024 antitrust lawsuit, a development that reflects the Trump administration’s continued policy of resolving litigation inherited from its predecessor and potentially removes a significant legal uncertainty for Apple.
According to Bloomberg, citing people familiar with the matter, the negotiations are currently at an early stage, and Apple has submitted multiple settlement proposals to the Department of Justice this year. However, there is no guarantee that the talks will result in an agreement, and no trial date has yet been scheduled for the case.
The progress of settlement negotiations carries direct implications for Apple shareholders. The lawsuit targets several core business practices within Apple’s ecosystem, and if it proceeds to trial, it could exert substantial pressure on the company’s product strategy and business model. Previously, Apple’s motion to dismiss the lawsuit was denied by the court in June 2025.
Rank 6$Meta Platforms (META.US)$It closed down 2.79%, with trading volume reaching $14.165 billion.
According to reports, Meta Platforms is engaged in preliminary discussions with Anthropic to lease computing capacity from its data centers. The two-year deal could be worth up to $10 billion.
Earlier this month, it was reported that Meta is planning to launch a cloud computing business, which includes the possibility of leasing computing capacity to other companies.
In a prior interview with Bloomberg, Meta CEO Mark Zuckerberg stated that the company’s current computing capacity is still entirely dedicated to internal projects, but the attractive market pricing for computing power has prompted him to consider leasing out a portion of it.
Zuckerberg remarked at the time: “Market quotes for computing power are extremely high—so high that, in certain cases, it might be more economical to lease out our computing capacity or pursue deals like this rather than using it internally.”
9th place$Tesla (TSLA.US)$Closed down 2.61%, with trading volume of USD 11.686 billion.
The stock declined 6.6% cumulatively this week.
Ranked 10th$SK hynix (SKHY.US)$Closed up 1.13%, with trading volume of USD 11.562 billion.
On Friday, SK Group Chairman Chey Tae-won stepped in to reassure investors. He stated that given the sustained market demand for memory chips,$SK Hynix (000660.KR)$the stock price will trend upward in the long term. He urged investors to hold their positions and avoid chasing daily market fluctuations.
“I don’t know where the share price will be next month,” Chey said on Friday at the Jeju Forum hosted by the Korea Chamber of Commerce and Industry (KCCI). “Rather than trading frequently, holding for the long term is a better way to preserve wealth.”
Ranked 12th$SpaceX (SPCX.US)$Closed down 5.43%, with trading volume of USD 10.407 billion.
As of Friday's close, the stock had declined for six consecutive trading days. SpaceX shares weakened further on Friday, following the last-minute cancellation of the Starship rocket’s test flight on Thursday and continued post-listing volatility.
The launch window for the Starship heavy-lift rocket test mission was originally scheduled to open at 5:45 p.m. Thursday at the Texas launch site, offering a 90-minute window. However, an engine ignition failure forced the company to cancel the launch.
Elon Musk posted on X: “Multiple engines failed to ignite, triggering an automatic launch abort. Propellant is currently being drained, and we expect to attempt another launch within a few days.”
Musk later added in a follow-up announcement that two Raptor engines would be removed and replaced, with the next launch attempt planned for early next week.
In June this year, SpaceX completed the largest initial public offering (IPO) in history, raising $85.7 billion at an issue price of $135 per share. Following its listing, the stock price experienced significant volatility, leading investors to place heightened importance on the outcome of each rocket test flight.
This marks SpaceX’s first Starship test flight since going public. The previous test flight in May also ended in failure: the Starship’s second-stage vehicle ultimately crashed into the Indian Ocean, and five of its 33 Raptor engines failed to reignite for a second time, preventing the Super Heavy booster from achieving a controlled landing recovery in the Gulf of Mexico.
According to The Wall Street Journal, sources revealed that SpaceX is in discussions with the U.S. Department of Defense to provide computing capacity worth several billion dollars for running artificial intelligence models, further strengthening the ties between Elon Musk’s company and the Pentagon. These negotiations are ongoing but could still collapse. People familiar with the plans said SpaceX has signed similar agreements with Anthropic and Google in recent months and is now planning a substantial expansion of its cloud computing business. According to informed sources, SpaceX employees have recently discussed offering computing power to AI clients at lower prices, enabling more direct competition with existing suppliers such as CoreWeave.
14th place$Netflix (NFLX.US)$Closed down 7.26%, with trading volume reaching $9.628 billion.
The company’s second-quarter earnings report came close to Wall Street expectations, but it announced it would reduce the frequency of disclosures regarding user viewing behavior data.
The second-quarter earnings report released on Thursday showed revenue of $12.56 billion, up 13% year-over-year. The company attributed its double-digit growth to higher advertising revenue, subscriber growth, and pricing adjustments. CFO Spencer Neumann stated during the earnings call that the pricing adjustments were 'progressing smoothly.'
Despite achieving growth, Netflix’s revenue fell slightly short of Wall Street’s expectation of $12.59 billion, though earnings per share of $0.80 marginally exceeded the expected $0.79.
Additionally, the company narrowed its full-year 2026 revenue forecast range from the previous $50.7–51.7 billion to $51.0–51.4 billion.
Netflix announced that its 'What We Watched' viewership data report will shift from its current biannual schedule to an annual release, published each year in the first quarter. The company stated: 'Decoupling the report’s release from earnings results aims to focus attention on core financial metrics—revenue and operating profit. Even with this change, we will continue to provide industry-leading title-level and total viewing hours data.'
Co-CEO Greg Peters said during the earnings call: 'Viewing hours do not have a linear relationship with revenue and profit, because not all viewing hours carry equal value—live programming is a prime example.' Netflix had already ceased disclosing subscriber numbers at the beginning of 2025.
Peters also noted that although live programming accounts for only 5% of the company's budget, it is expected to represent just 1% of total viewing hours. However, six of the company's top ten peak days for new registrations over the past five years occurred following live events.
16th place$Taiwan Semiconductor (TSM.US)$Closed down 2.77%, with trading volume reaching USD 8.281 billion.
The stock declined 8.2% cumulatively this week. After the U.S. market closed on Friday, President Trump announced that Taiwan Semiconductor would make an additional USD 100 billion investment in Arizona.
19th place$Applied Materials (AMAT.US)$Closed down 5.57%, with trading volume reaching USD 5.466 billion.
The stock fell more than 12% cumulatively this week.
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Editor/Liam