NVIDIA, ranked first in Friday's US stock trading volume, closed up 2.4% with a turnover of $37.199 billion. Goldman Sachs set a price target of $250 for NVIDIA, forecasting Q4 revenue to reach $67.3 billion.

Goldman Sachs believes NVIDIA could deliver a revenue "surprise" of $2 billion. Analysts at the firm project that NVIDIA's revenue for the fourth quarter of fiscal 2025 will hit $67.3 billion, while also exceeding market expectations on the profit side.

"We anticipate NVIDIA's revenue for the fourth fiscal quarter will surpass expectations by approximately $2 billion, and our revenue forecast for the first fiscal quarter is 8% higher than the market consensus," wrote Goldman Sachs analysts in a research report. "Our earnings per share (EPS) forecasts for the fourth and first fiscal quarters are 5% and 9% above market expectations, respectively."

Despite this, Goldman Sachs also cautioned that the market may have already priced strong quarterly results into the stock price, and investor focus could shift from short-term performance to guidance for 2026 and 2027. Goldman Sachs believes multiple catalysts could drive NVIDIA's stock higher, leading to the $250 price target, which implies about 35% upside from the closing price on February 6. Analysts expect the Rubin GPU to begin shipments in the third quarter of 2026, with volumes increasing significantly in the fourth quarter and beyond, supporting the company's strong growth through at least 2028.

Tesla, ranked second, closed up 1.48% with a turnover of $22.539 billion. According to a post on Tesla's Weibo account, the Cybertruck autonomous electric vehicle, the Tesla Cybercab, will begin mass production and enter operation at the Texas Gigafactory.

Additionally, Tao Lin, Vice President of Tesla, recently revealed that there is no specific date yet for the launch of Tesla's Full Self-Driving (FSD) system in mainland China, but related work, including the deployment of local training centers, is progressing steadily. "We have established a local training center in China specifically responsible for this adaptation. Once officially released, it will demonstrate a level not inferior to, or even surpassing, that of local drivers," she stated.

Amazon, ranked third, closed down 0.76% with a turnover of $18.912 billion. STMicroelectronics announced on February 9 that it is deepening its strategic collaboration with Amazon Web Services (AWS) through a multi-year, multi-billion dollar commercial agreement covering multiple product categories. This collaboration establishes STMicroelectronics as a strategic supplier of advanced semiconductor technology and products for AWS, with the technology to be integrated into AWS computing infrastructure. STMicroelectronics stated that the cooperation covers a broad range of semiconductor solutions, and the company will provide exclusive technical capabilities encompassing high-bandwidth connectivity, including high-performance mixed-signal processing, advanced microcontrollers for smart infrastructure management, and analog and power integrated circuits meeting the energy efficiency requirements of hyperscale data center operations.

Microsoft, ranked fourth, closed up 3.13% with a turnover of $18.292 billion. Microsoft's rating was downgraded for the second time in less than a week, with Melius Research warning of AI-related risks.

As Wall Street grows increasingly wary of the potential disruptive risks artificial intelligence poses to software stocks, Microsoft's stock rating was downgraded for the second time in under a week.

Melius Research downgraded the stock from "Buy" to "Hold" on Monday, citing concerns about capital expenditures and Microsoft's Copilot branded products. Copilot is Microsoft's primary vehicle for selling AI software tools to office workers.

Late last week, Stifel also issued a similar downgrade, with analysts warning about the growth rate of Microsoft's Azure cloud computing business. Melius analyst Ben Reitzes wrote, "Microsoft's strong 365 software could face challenges from products like Anthropic's Cowork, and might even have to offer Copilot for free to remain competitive, which would hurt growth and margins in its most profitable 'Productivity' segment, consume internal Azure capacity, and limit the business's ability to outperform expectations."

Micron Technology, ranked seventh, closed down 2.84% with a turnover of $11.764 billion. A semiconductor research firm indicated that Micron might miss out on first-year orders for the Rubin architecture, with HBM4 becoming a contest dominated by Korean firms.

Last week, semiconductor industry research firm SemiAnalysis mentioned in an institutional-level research report that NVIDIA would exclude Micron's HBM4 from the first year of mass production for the Rubin architecture, primarily opting for products from Korean companies.

SemiAnalysis wrote in the report, "There is currently no indication that NVIDIA will order HBM4 from Micron." The firm also expects SK Hynix to supply 70% of NVIDIA's HBM4, with Samsung Electronics supplying 30%.

SemiAnalysis stated, "Based on our supply chain checks, Micron's latest HBM4 engineering samples still fall short of target specifications in terms of pin speed. Although Micron management has expressed confidence in HBM4, we remain skeptical of its execution capabilities given its ongoing challenges in meeting the pin speed requirements demanded by NVIDIA."

SanDisk, ranked tenth, closed down 2.43% with a turnover of $8.87 billion. SanDisk is viewed as a core beneficiary of the NAND recovery, with Bernstein raising its price target to $1,000.

Bernstein-SocGen analyst Mark C. Newman significantly raised the price target for the memory chip company to $1,000 while maintaining an "Outperform" rating. This new target represents a 72.4% increase from the previous target of $580 and implies approximately 50% upside from the current stock price of around $665.

For reference, this is currently the highest price target on Wall Street, while the consensus target price shows only modest upside potential after SanDisk's previous significant surge. Since its separation from Western Digital, SanDisk has become a pure-play company focused on NAND flash and storage products. Unlike other major memory chip players, the company is not entirely reliant on the capital-intensive high-bandwidth memory (HBM) arms race. As NAND flash prices bottom and recover, the company has seen a significant rebound in both revenue and profits.

AMD, ranked twelfth, closed up 3.63% with a turnover of $8.255 billion. The company hired former Oracle Executive Vice President and Chief Marketing Officer Ariel Kelman as its new Chief Marketing Officer.

Huatai Securities maintained a "Buy" rating on AMD with a price target of $300; it also maintained a "Buy" rating on Google with a price target of $415.

Oracle, ranked fourteenth, closed up 9.64% with a turnover of $7.721 billion. DA Davidson upgraded Oracle's stock rating from "Neutral" to "Buy," signaling restored confidence in the tech giant.

According to a report issued on Monday, the firm maintained its price target for Oracle stock at $180. The upgrade was primarily based on an assessment that significant risks related to Oracle's customer OpenAI are diminishing. This reduction in what was considered the "biggest overhanging issue" positively alters the outlook for the company's performance.

AppLovin, the mobile application technology company ranked eighteenth, closed up 13.19% with a turnover of $4.564 billion. Positive commentary from several analytical firms collectively highlighted the company's business prospects and powerful advertising technology.

This surge stemmed from positive actions by multiple financial institutions. Jefferies reiterated a "Buy" rating, while Needham upgraded its rating to "Buy," expressing confidence in the company's revenue growth prospects for 2026. Additionally, Piper Sandler maintained an "Overweight" rating, and Evercore ISI initiated coverage with an "Outperform" rating. The core of the market's bullish sentiment lies in AppLovin's AI-driven advertising engine, Axon, which is described as a "top-tier machine learning advertising engine."

AppLovin's stock is highly volatile, having experienced 61 instances of price movements exceeding 5% in the past year. However, such a large single-day gain is rare even for AppLovin, indicating that the news significantly impacted market expectations for the company's business.