Tesla (TSLA), the top-traded stock on Monday, closed up 2.59% with a trading volume of $39.3 billion. The company’s shareholder meeting, scheduled for November 6, will vote on Elon Musk’s controversial $1 trillion compensation package. The 10-year plan includes 12 operational milestones, with Musk eligible for Tesla stock worth approximately 1% of the company’s market cap upon completing each target. If all goals are met, he could secure a 12% stake, pushing his Tesla holdings to $1 trillion in value.

Meanwhile, Tesla continues to struggle in Europe, with October sales plunging in Norway, Sweden, and Denmark. Only France recorded a slight sales increase for the second consecutive month. Italy’s transport ministry reported a 47.11% year-over-year decline in Tesla’s new car registrations for October.

NVIDIA (NVDA) ranked second, rising 2.17% to reclaim a $5 trillion market cap, with $36.98 billion in trading volume. Loop Capital raised its price target from $250 to $350—the highest on Wall Street—implying a potential $8.5 trillion valuation. Analyst Ananda Baruah cited strong demand for NVIDIA’s GB200 NVL72 racks, forecasting significant GPU shipment growth over the next 12–15 months.

Microsoft announced US approval to export NVIDIA’s advanced AI chips, including over 60,000 units like the GB300 Grace Blackwell, to UAE data centers. However, analysts noted this contradicts former President Trump’s recent claim that such chips would not be exported.

Amazon (AMZN) surged 4% with $23.62 billion in volume after unveiling a $38 billion multi-year partnership with OpenAI to run AI workloads on AWS. This marks OpenAI’s first collaboration with a cloud leader, signaling reduced reliance on Microsoft.

Palantir (PLTR) gained 3.35% ($14.42 billion volume) as CEO Jensen Huang revealed a partnership to integrate NVIDIA’s accelerated computing and NEMOTRON models into Palantir’s AIP platform for enterprise AI decision-making.

AMD (AMD) rose 1.38% ($9.27 billion volume) amid reports of a US Energy Department collaboration with NVIDIA, AMD, and Oracle to build four AI supercomputers.

Netflix (NFLX) fell 1.68% ($6.3 billion volume) ahead of its 10-for-1 stock split, effective November 17, to make shares more accessible to retail investors.

IREN (IREN) jumped 11.52% ($5.55 billion volume) after securing a $9.7 billion deal to supply Microsoft with AI cloud computing power using NVIDIA’s GB300 systems. The Australian firm also agreed to purchase $5.8 billion in GPUs from Dell.

Micron (MU) climbed 4.88% ($4.95 billion volume) as Mizuho analyst Jordan Klein highlighted AI-driven benefits for smaller chipmakers like Broadcom and Micron.

Kimberly-Clark (KMB) tumbled 14.57% ($3.79 billion volume) on its $48.7 billion cash-and-stock acquisition of Kenvue (KVUE), Tylenol’s maker, pending approvals for a late-2026 close.