Electric vehicle giant Tesla (TSLA, Financial) closed with a remarkable 8.19% gain, achieving a trading volume of $639.29 billion and surpassing the $1 trillion market cap once again. Over the week, the stock surged by 29%. Reports suggest Tesla CEO Elon Musk participated in a call with U.S. President-elect Donald Trump and Ukrainian President Volodymyr Zelensky, where Musk affirmed his ongoing commitment to providing Starlink communication access to Ukraine. Analysts speculate Musk may play a significant role in the upcoming Trump administration. Previously, Musk expressed interest in leading a proposed "Department of Government Efficiency" (DOGE), potentially hinting at future collaboration.
NVIDIA (NVDA), ranked second, experienced a slight drop of 0.84% with a trading volume of $255.93 billion. The stock rose over 9% for the week, maintaining its position as the world's largest company by market cap at $3.6 trillion. Goldman Sachs reiterated its "buy" rating for NVIDIA, citing improved supply conditions and potential earnings growth driven by AI infrastructure demand. The firm set a target price of $150 per share.
Apple (AAPL) saw a minor decline of 0.12%, with a trading volume of $85.56 billion. Globalstar announced that Apple committed $1.5 billion in investments, including service purchases, supporting Globalstar's infrastructure. Apple disclosed an $11 billion advance payment, aimed at infrastructure enhancements and debt repayment.
Coinbase Global rose 5.93%, driving a weekly increase of over 48% amid expectations of a more favorable regulatory environment for cryptocurrency under Trump's administration. The industry anticipates relaxed enforcement, with Trump previously promising to dismiss SEC Chair Gary Gensler.
AppLovin saw an impressive 17.64% increase following third-quarter results that exceeded Wall Street expectations, contributing to a year-to-date rise of approximately 630%. Google faced scrutiny following the disclosure of Ukrainian military sites on its map service, which it agreed to remove.
Taiwan Semiconductor Manufacturing Company (TSMC) saw a marginal increase, with its October revenue showing a cautious growth of 29.2%, the slowest since February. Analysts forecast a 36.1% growth in fourth-quarter revenue, reflecting investor concerns over AI chip demand sustainability. TSMC stocks have increased by over 80% this year.
AIRBNB experienced a notable 8.66% decline as EPS failed to meet expectations despite a 10% revenue increase in the third quarter.
