Key Highlights

  • Apple (NASDAQ:AAPL) topped the list with roughly USD 31.3 billion changing hands as it gained 5.31% to a record USD 349.51 and cleared USD 5 trillion in market value.
  • Micron (NASDAQ:MU) moved about USD 28.5 billion of stock as it dropped 7.00%, then gave up another 17.46% on November 5.
  • Microsoft (NASDAQ:MSFT) climbed 6.68% to a record close, with Volume at 2.07 times its typical level.
  • AMD added 1.01% following results that showed 45% Revenue growth, while Nvidia slipped 3.17% as Capital rotated away from AI chips.

1. Apple (NASDAQ:AAPL)

On November 4, 2026, Apple (NASDAQ:AAPL) moved roughly USD 31.3 billion in stock, the top figure in this group. That is a value we calculated as price multiplied by volume. Shares climbed 5.31% to a record close of USD 349.51 and lifted the company above USD 5 trillion in Market Value for the first time. Investors read Apple as a beneficiary of slower Data Center building and cheaper memory, because its AI infrastructure outlay is lighter than rivals'. November 2 results backed the move: fiscal fourth-quarter sales expanded 12% to USD 114.5 billion, per-share Earnings went up 14% to USD 2.10, and the fiscal 2026 total reached a record USD 479 billion. Margins hit 47.9% on a gross basis, with roughly one point tied to Tariff refunds. The stock lost under 2% on November 5, a far smaller decline than the Nasdaq's. The USD 0.27 Dividend pays out November 16 to shareholders of record as of November 12. Market data gives a P/E of 38.94, a premium that bets on sustained growth.

2. Nvidia (NASDAQ:NVDA)

Nvidia (NASDAQ:NVDA) changed hands roughly USD 29.8 billion, ranking second by value, and fell 3.17% to USD 200.13. No company headline surfaced. The shares followed the semiconductor index as investors cut AI infrastructure exposure after the midterm vote, when the Texas governor-elect pledged to halt new data center approvals. November 5 brought deeper losses, with NVDA finishing at USD 181.60, down 9.26% and under its 2025 year-end close of USD 186.50. A rebound of roughly 6% followed on November 6. Market data shows a trailing multiple of 25.30 alongside 125.15% EPS growth, which is lower than Apple's even though its growth is far quicker. That disconnect reflects the central worry: if approvals stall, AI capital spending and Nvidia's Demand could slow. The next results will be the first chance to see whether orders have shifted.

3. Micron (NASDAQ:MU)

Micron (NASDAQ:MU) changed hands worth roughly USD 28.5 billion, ranking third by value, after a 7.00% decline to USD 795.23. Memory producers absorbed two blows. Money leaving AI hardware dragged the group lower, and expectations of cheaper memory, which benefited Apple, work directly against Micron. November 5 saw MU shed a further 17.46%, settling at USD 656.39, following reports of a suspended fab project in Taoyuan, Taiwan, valued at roughly USD 4.5 billion and meant for high-bandwidth memory and DRAM products. Micron stated its Taiwan operations ran normally and that labor talks there carry on. Taiwan makes roughly 60% of Micron's DRAM. Market data pegs EPS growth at 878.77% with a P/E of 10.72, the group's lowest. Those readings mirror a memory boom, and the thin multiple implies investors expect that boom to fade. For MU, the core question is whether pricing holds as AI buyers reconsider spending.

4. Microsoft (NASDAQ:MSFT)

Microsoft (NASDAQ:MSFT) changed hands worth about USD 28.2 billion, and its shares advanced 6.68% to USD 555.80, a record close and the strongest move in this group, with volume at 2.07 times the norm. Amazon and Alphabet drew similar interest, and Microsoft attracted buyers as a cloud operator able to profit from lower AI hardware costs and thinner competition for data center space. Market data lists a total value of USD 4,127.48 billion, alongside a P/E of 29.03 and EPS growth of 36.23%. A November 5 report claimed Microsoft chose not to widen an AI capacity option with Nscale in Texas, an arrangement described as worth tens of billions of dollars, though its size went unconfirmed. If accurate, it aligns with a theme of more selective capacity purchases. MSFT's record preceded a sharp broader decline, so upcoming sessions will reveal whether investors regard it as a defensive position inside technology.

5. AMD (NASDAQ:AMD)

AMD (NASDAQ:AMD) changed hands worth roughly USD 24.9 billion and gained 1.01% to USD 488.78 after third-quarter results released November 3. Revenue increased 45% to USD 13.377 billion, data center revenue almost doubled to USD 8.5 billion, and non-GAAP EPS climbed 74% to USD 2.09. Client and gaming sales fell 8% to USD 3.7 billion. Guidance for the fourth quarter is about USD 17 billion, give or take 3%, and gross Margin should sit close to 55%. Relative volume of 2.11 reflects how heavily the stock changed hands around the report. That modest advance did not persist: on November 5 AMD sank 17.26% to USD 404.40 as the AI hardware selloff spread, before a roughly 8% rebound on November 6. Market data puts the P/E at 106.28, the highest of these five, leaving AMD most exposed if investors doubt how long AI demand lasts, even with strong guidance in hand.

Where Things Stand

Five large names, each trading between roughly USD 24.9 billion and USD 31.3 billion, were pushed by one theme on November 4, 2026: capital leaving AI hardware for platforms seen as gaining from cheaper infrastructure. Apple and Microsoft set records, Nvidia and Micron fell, and AMD edged up on strong results before losing 17.26% the following day. The split suggests investors are reassessing who pays for AI capacity and who profits from it. The Nasdaq's 5.52% slide on November 5 leaves all five needing to show the rotation can endure.