US stocks finished the first trading day of November mixed, with Big Tech names like Amazon (AMZN) and Nvidia (NVDA) rising near record-high levels, fueling a continued rally in the AI trade even as those gains weren't broadly distributed.

A triad of growth drivers and a long track record of operational excellence will ensure this company's admittance into an elite fraternity.

Analysts raise targets to $350 as orders hit $500B. Amazon secures GPUs for OpenAI in $38B deal. UAE export approved.

“While Anthropic, the company behind the Claude AI chatbot, reiterated its commitment to Amazon, we see this move with Google speaking to the capacity-constrained AI and data center market, as well as prudently diversifying its exposure,” veteran fund manager Chris Versace wrote for TheStreet Pro.

Palantir ( PLTR) CEO Alex Karp slammed famed investor Michael Burry for betting against Palantir ( PLTR) and Nvidia ( NVDA ). “The two companies he’s shorting are the ones making all the money, which is super weird,” Karp told CNBC on Tuesday. “The idea that chips and ontology is what you want to short is bats--- crazy.”

The Dow handed over 0.5% in afternoon trade with Nvidia a big loser. The Nasdaq composite suffered a 1.8% drop, and the S&P 500 retreated 1%, with Palantir stock sliding nearly 9%. Small-cap stocks on Tuesday were spared the wrath, illustrated by the Russell 2000 index giving up 1.5%.

Nvidia recently became the first company to reach a $5 trillion market cap. Amazon.com isn't the next-largest company, but it has a high probability of rapid growth. A combination of massive opportunities and a reasonable valuation could help propel Amazon to a higher market cap.