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What's on the News?

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• Nvidia Corporation(NVDA) closed 1.02% higher, reportedly nearing a US$30 billion investment in OpenAI as part of its long-planned funding round, replacing a previously planned larger deal that had stalled due to CEO Jensen Huang's private criticism of the ChatGPT maker.
• Tesla, Inc.(TSLA) rose 0.03% as a federal judge upheld a US$243 million verdict against the company in a 2019 fatal crash involving a Model S with Autopilot, with Baird analysts upgrading the stock to "outperform" citing investor focus on future goals tied to product launches and market cap milestones.
• Alphabet Inc.(GOOGL) gained 4.08% as it explores new ways to expand its AI chip market, leveraging financial strength to build a broader ecosystem to better compete with market leader Nvidia Corporation(NVDA), despite facing challenges including manufacturing bottlenecks and limited interest from cloud rivals.
• Amazon.Com, Inc.(AMZN) rose 2.59% as Morgan Stanley maintained its "overweight" rating and US$300 price target, highlighting AWS and retail as underappreciated generative AI beneficiaries, with the stock trading at a 40% discount to peers on a PEG basis and offering two key catalysts for valuation repair.
• Micron Technology, Inc.(MU) rose 2.59% amid a broader rally in memory stocks on Friday.
• Sandisk Corporation(SNDK) surged 4.65% in Friday's trading.
• Meta Platforms, Inc.(META) climbed 1.69% after cutting most employees' equity refresh grants by about 5% for the second straight year, affecting tens of thousands, as the company adjusts stock-based compensation amid industry trends while striving to maintain competitive pay packages globally.
• Oracle Corporation(ORCL) fell 5.40%, extending its weekly decline to 7.5% and year-to-date drop to over 23%, despite Wedbush noting strong initial success in its critical US$45B-$50B financing.
• CoreWeave, Inc. Class A(CRWV.US) dropped 8.12% after its CEO sold 32,455 Class A shares worth US$~7.72M on Feb 11, with the stock facing technical challenges but showing short-term resilience and a strong 12-month gain of 142.85%.