NVIDIA, the top stock by trading volume on Friday, closed down 3.15% with a turnover of $41.227 billion. The stock declined over 4% for the week. NVIDIA recently announced it will supply Amazon Web Services with more than 1 million GPUs and related chips by 2027. The deal, announced at NVIDIA's annual GTC conference, involves multiple generations of GPU architectures including Blackwell and Rubin, covering AWS's global cloud regions. The agreement also includes NVIDIA's Spectrum networking chips and the newly introduced Groq processors. Financial terms were not disclosed. Ian Buck, NVIDIA's Vice President of Hyperscale and HPC, stated that chip deployment will begin this year and continue through 2027. AWS will utilize this combination of processors to accelerate AI inference, the phase where trained AI models apply learned patterns to generate predictions or content. Buck described inference as "extremely challenging," noting it requires multiple types of chips working together. NVIDIA CEO Jensen Huang emphasized the revenue potential of the collaboration, pointing out that the market size related to demand for Blackwell and Rubin chips could reach $1 trillion by 2027. The two companies are also collaborating on Spectrum networking and other cloud infrastructure projects. Amazon declined to comment. Tesla, the second most traded stock, closed down 3.24% with a turnover of $28.659 billion. The National Highway Traffic Safety Administration (NHTSA) is deepening its investigation into Tesla's onboard computer system. This system was originally designed to enable Tesla electric vehicles to navigate road traffic autonomously. The agency warned that analysis of accident data has raised concerns that the technology might malfunction under poor visibility conditions. The upcoming technical analysis is the final stage before a potential recall could be initiated. Elon Musk has consistently maintained his goal for Tesla cars to achieve self-driving capability using only cameras as sensors. In contrast, competitors and many experts have warned for years that cameras alone are insufficiently reliable, as they can fail or misidentify objects in complex visual conditions. Despite this, Musk continues to adhere to his strategy. Micron Technology, the third most traded stock, closed down 4.81% with a turnover of $26.93 billion. Against a backdrop of extremely tight memory chip supply, since the fourth quarter of last year, the three major memory chip manufacturers—Samsung, SK Hynix, and Micron—have ceased signing long-term contracts with customers to maximize profits, opting instead for quarterly or even monthly contracts to reflect market prices promptly. However, with memory chip prices now at high levels, the potential for further significant increases is diminishing, while the risk of price declines is accumulating. To mitigate this risk, Micron and Samsung have begun restoring long-term contract negotiations and signings with customers. During Micron's Q2 FY2026 earnings call, President and CEO Sanjay Mehrotra stated that Micron has signed its first five-year strategic collaboration agreement (SCA) with a customer, which includes detailed multi-year commitments. VRT, the fifth most traded stock, closed down 4.94% with a turnover of $19.359 billion. SanDisk, the seventh most traded stock, closed down 8.08% with a turnover of $16.843 billion. For the week, the stock gained 7.27%. Lumentum Holdings, the eighth most traded stock, closed down 8.52% with a turnover of $14.792 billion. Despite the sharp drop on Friday, the stock still posted a weekly gain of 13.47%. Coherent, the thirteenth most traded stock, closed down 7.96% with a turnover of $11.552 billion. Exxon Mobil, the nineteenth most traded stock, closed up 0.95% with a turnover of $8.549 billion. Greece's national hydrocarbons authority stated on Thursday that a joint venture comprising Energean, Exxon Mobil, and Helleniq Energy has notified Greece of its intention to search for natural gas in a western offshore block. This move would involve the country's first exploratory drilling in decades. Under an agreement announced last year, US oil giant Exxon Mobil joined Energean and Greece's largest refiner, Helleniq Energy, to explore for natural gas in Block 2 of the Ionian Sea. In a statement, the state-owned Greek Hydrocarbon and Energy Resources Management Company said that after assessing the area's potential, the joint venture has notified the authority of its plan to proceed to the second phase, which also includes the first offshore exploration drilling in 40 years.
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