No. 1 in U.S. stock trading volume$SpaceX (SPCX.US)$It closed up 7.79%, with trading volume reaching $35.189 billion.
After the U.S. market closed on Tuesday, October 20, Eastern Time, SpaceX announced that for the third quarter of 2026, ending in September, its revenue grew 161% year over year to $14.58 billion—more than 10% above analysts' estimates of roughly $12.8 billion. Net profit came in at approximately $4.4 billion, 2.3 times the analysts' forecast of $1.88 billion. Adjusted EBITDA surged 306% year over year to $8.81 billion, exceeding expectations by more than 30%.
The most notable shift in this earnings report is that SpaceX's growth engine has moved further from traditional rocket launches and its Starlink connectivity business to the AI‑driven "Superintelligence" (hereafter referred to as SI) segment. In the third quarter, SI revenue reached $7.56 billion, a staggering 830% year over year, surpassing analysts' estimates of $6.3 billion by 20% and becoming the company's largest revenue source for the first time.
During the earnings call, Musk confirmed that SpaceX and Tesla have each established special committees composed of independent Directors to discuss a potential merger. The combined valuation of the two companies would be approximately $3.5 trillion.
Musk first joked that he was "doing the tap dance in a minefield." A few seconds later, he still offered an answer, saying that the merger "has many benefits." Gene Munster of Deepwater Asset Management later counted that Musk repeated this phrase roughly three times.
2nd place$Meta Platforms (META.US)$It closed up 0.47%, with trading volume at $19.242 billion.
Meta reported Q3 2026 revenue of $64.6 billion, up 26% year over year; diluted EPS was $3.83, capital expenditures are expected to reach $145 billion, and the company plans to issue non-voting shares.
3rd place$NVIDIA (NVDA.US)$It closed up 2.54%, with trading volume reaching $19.091 billion.
NVIDIA announced that, together with a host of supply chain partners, it is expanding global manufacturing capacity to meet the surging market demand for its accelerated computing and full-stack AI factory platform.
"We are in the midst of the largest infrastructure-building wave in human history. Market demand is extremely robust, and capacity has become the biggest constraint," said Jensen Huang, founder and CEO of NVIDIA. "Our supply-chain partners are all world-class manufacturers. We are deeply grateful for their efforts to expand production across the globe, helping us increase output and deliver AI supercomputing systems that power the next industrial revolution."
4th place$Micron Technology (MU.US)$It closed up 1.96%, with trading volume at $18.926 billion.
According to Nikkei, Scott DeBoer, Chief Technology and Product Officer at Micron Technology (MU.O), stated that the company has been evaluating 4F² storage technology for over 20 years but currently has no plans to adopt it. Instead, it will continue to advance its existing technology roadmap and focus on developing next-generation 3D DRAM. He believes that 4F² technology is more complex and costly, with limited practical advantages, whereas 3D DRAM holds greater growth potential.
5th place$Tesla (TSLA.US)$It closed up 3.41%, with trading volume reaching $17.376 billion.
Tesla reported Q3 2026 revenue of $28.046 billion, with adjusted EPS of $0.48. Profits have declined for two consecutive quarters, and free cash flow has not turned negative.
Tesla's total capital expenditures for the third fiscal quarter reached $4.73 billion, well below Wall Street's consensus estimate of $7.95 billion. This funding was intended to be a critical investment supporting Tesla's strategic transformation across its core business lines, including artificial intelligence, robotics, and autonomous driving. Currently, Tesla's entire operations are sustained by just three vehicle models, while the company is also pursuing a potential merger with SpaceX; both sides have already established special committees to evaluate the deal. Tasha Keene, Director of Investment Analysis at Ark Invest, stated that Robotaxi autonomous taxis represent Tesla's core growth frontier. Compared with Waymo's next-generation vehicle, Tesla's Cybercab boasts a significant advantage in operating costs, placing it at the forefront of the industry. Notably, Tesla reported adjusted earnings per share of 48 cents for the third quarter, surpassing the market's average expectation of 44 cents, with profit performance exceeding forecasts. "Lower capital spending is only beneficial if it doesn't compromise future growth potential," said Harris Kourkoulis, Chief Investment Officer at Karobaar Capital. "Tesla's future valuation is closely tied to its Robotaxi and Optimus humanoid robot businesses. I need to determine whether these investments are merely shifting between quarters or whether progress on these initiatives has fallen far behind expectations."
6th place$Apple (AAPL.US)$It closed up 1.32%, with trading volume at $12.191 billion.
On Tuesday, Apple announced on its official website that it will invest up to $100 million over the next three years in Perryman Company, headquartered in Pennsylvania, to produce titanium used in Apple products. Apple specifically noted that Perryman melts, forges, and rolls titanium at its facility in Houston, Pennsylvania, with at least 80% of the material being recycled; this titanium is used to manufacture the iPhone Duo.
Apple stated that titanium can provide greater durability for devices such as the iPhone Duo.
7th place$Advanced Micro Devices (AMD.US)$It closed up 3.36%, with trading volume at $9.799 billion.
AMD (AMD.US) will report its fiscal third-quarter results for 2026 on November 3. In his latest outlook, Wedbush analyst Matt Bryson outlined a framework for assessing the situation: this quarter's numbers may not be the most decisive factor; rather, the strength of server‑CPU demand will determine near-term upside potential, while management's guidance for 2027 could serve as a key pricing anchor for the stock. Bryson maintains an "Outperform" rating on AMD, with a price target of $600.
8th place$Alphabet-A (GOOGL.US)$It closed down 1.62%, with trading volume at $9.552 billion.
9th place$SanDisk (SNDK.US)$It closed up 0.94%, with trading volume at $9.447 billion.
13th place$Netflix (NFLX.US)$It closed down 5.31%, with trading volume at $6.609 billion.
Streaming giant Netflix (NFLX.US) released its third-quarter 2026 earnings report after the close of U.S. stock trading on Tuesday and held an earnings call.
Driven by subscriber growth, higher membership prices, and increased advertising revenue, the company's quarterly revenue rose nearly 12% year over year, while net profit surged 44% compared with the same period last year, and operating margin expanded further. However, due to slower-than-expected progress in rolling out certain ad‑supported product features, Netflix lowered its full-year advertising revenue forecast and slightly trimmed its full-year revenue outlook.
The company expects fourth-quarter operating profit of $3.5 billion, with an operating margin of 26.0%, up from 24.5% in the same period last year but significantly lower than the third quarter's 34.6%. For the full year, Netflix forecasts revenue of approximately $51.1 billion in 2026, a 13% year-over-year increase, about 0.2% below the midpoint of its previous full-year revenue forecast range. The company projects a full-year operating margin of 31.5% in 2026, higher than the 29.5% in 2025.
19th place$Lam Research (LRCX.US)$It closed down 1.00%, with trading volume at $4.046 billion.
Lam Research's Q1 FY2027 results: Revenue reached $8.22 billion, up 22% quarter over quarter; adjusted EPS was $2.20, up 21% quarter over quarter. Non-GAAP gross profit totaled $4.31 billion, accounting for 52.4% of revenue; non-GAAP operating expenses were $1.0 billion; the non-GAAP operating margin was 40.2%; and non-GAAP net income was $2.77 billion.
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Editor/stephen