Top 20 US stock traders on October 16: CoreWeave rose 5.94% Jensen Huang says there's no need for NVIDIA to cover its losses
The Block
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Among the top 20 largest U.S. stock trades, NVIDIA fell 1.84% with trading volume of $27.415 billion; Micron Technology rose 1.87% with trading volume of $35.017 billion; CoreWeave rose 5.94% with trading volume of $8.389 billion. Jensen Huang stated that CoreWeave's financial strength is increasing, and there is no need for NVIDIA to provide support for them.
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Micron Technology, which ranked second in U.S. stock trading volume, closed up 1.87% with transactions amounting to $35.017 billion.

NVIDIA, ranked 4th, fell by 1.84%, with trading volume of $27.415 billion.

NVIDIA released Nemotron 3.5 Super VL, which is an open-source visual language model with 120 billion parameters. Officials claim that its speed is five times that of the second-strongest open-source intelligent agent model in its class.

It is reported that the German federal government plans to carry out large-scale cooperation with NVIDIA to promote the widespread application of artificial intelligence in the industrial field and catch up in the global competition of artificial intelligence technology. The plan has two goals: one is to lay the foundation for the application of physical artificial intelligence, a technology that can be used to train robots and autonomous vehicles, etc.; the other is to train high-performance industrial artificial intelligence models with international competitiveness.

5th place, Sandisk, saw a decline of 0.61%, with transactions amounting to 17.689 billion US dollars.

6th-ranked Supermicro Semiconductor fell 1.50%, with transactions amounting to 1.578 billion US dollars.

7th place: SpaceX fell 2.33%, with transactions amounting to 11.774 billion US dollars.

According to informed sources, the EU is seeking rapid anti-monopoly approval for a satellite joint venture project that is considered the European version of SpaceX. Prior to this, the EU conducted intensive consultations with the project partners Leonardo SpA, Airbus, and Thales.

Intel, ranked 9th, fell 2.80%, with trading volume of $13.743 billion.

Apple, ranked 10th, fell 0.28%, with trading volume of $13.633 billion.

Microsoft, ranked 11th, rose by 1.08%, with transactions amounting to 12.979 billion US dollars.

Internal documents show that President Donald Trump's White House banquet hall project has raised approximately $333 million from private donors, of which at least $77 million came from donors who requested anonymity. NVIDIA, Apple, and the Adelson family each pledged to donate $25 million, ranking as the largest donors.

12th place: Meta Platforms fell 0.11%, with trading volume of 12.389 billion US dollars.

Meta The platform company is making the weight files of its Muse Spark open-source model available for developers to download and modify further, while retaining its own state-of-the-art AI technology as non-public. Meta The chief AI official Alexandr Wang stated that, in principle, the company will not open-source models with the strongest performance, but it will continue to make versions of models with slightly lower performance available to the developer community.

Broadcom, ranked 13th, fell 0.55%, with transactions amounting to 9.688 billion US dollars.

Tesla, ranked 14th, fell 1.29%, with trading volume of $9.578 billion.

TSMC, ranked 15th, fell by 1.80%, with trading volume of $9.317 billion.

Amazon, ranked 16th, rose by 0.27%, with trading volume of $8.7321 billion.

17th place, CoreWeave, rose by 5.94%, with transactions amounting to 8.389 billion US dollars.

Jensen Huang, the CEO of NVIDIA, stated that the financial strength of the data center operator CoreWeave Inc which is supplied with computing power by NVIDIA is growing. During an interview at an event in Stockholm, Jensen Huang said, "The strength of CoreWeave is improving every day." He believes that there is no need for NVIDIA to provide a guarantee for this company. "I am optimistic about this. In fact, the capital cost of this company is decreasing."

(Screenshot from Sina Finance APP: U.S. stocks closed lower, stock market sectors; swipe left for more data)

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