Top 20 in US Stock Trading Volume: Tesla Has Cumulatively Declined by Over 19% in 5 Days, with a Sharp Drop in European Sales
Magical Investor
February 26, 2025
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On Wednesday, NVIDIA, ranking first in US stock trading volume, closed up 3.67%, with a trading volume of $38.336 billion. After the market closed on Wednesday, NVIDIA released its highly anticipated fourth fiscal quarter earnings report: Revenue increased by 78% year-on-year to $39.3 billion, among which the revenue of the data center business was $35.6 billion, an increase of 72% year-on-year; Net profit increased by 80% year-on-year to $22.091 billion.
The company expects the revenue range for the first fiscal quarter of fiscal year 2026 to be $43 billion ± 2%.
While releasing the earnings report, NVIDIA CEO Jensen Huang said that the demand for its Blackwell chip is astonishing because inferential artificial intelligence has added another law of expansion — increasing training computation makes the model smarter, and increasing long-term thinking computation makes the answers smarter.
Jensen Huang said, "We have successfully mass-produced the Blackwell artificial intelligence supercomputer and achieved billions of dollars in sales in its first quarter. As agent AI and physical AI pave the way for the next wave of the AI revolution, AI is developing at the speed of light, which will completely transform the largest industries."
Tesla, ranking second, closed down 3.96%, with a trading volume of $29.276 billion. The stock has been declining for five consecutive trading days, with a cumulative decline of 19.3% in five days. Tesla's much-anticipated update of the Full Self-Driving (FSD) system in the Chinese market failed to meet the expectations of car owners. In addition, the company performed poorly in the European market. While the sales of electric vehicles in Europe increased in January, Tesla bucked the trend and saw its sales in this market drop by nearly 50%.
Apple, ranking third, closed down 2.70%, with a trading volume of $10.659 billion. US President Donald Trump urged Apple to cancel its diversity, equity, and inclusion policy on Wednesday. A day earlier, shareholders of the iPhone maker voted to expose themselves to the growing resistance from conservative groups.
Before this, several large US companies including Meta and Alphabet gave up their DEI programs around the time of Trump's return to the US presidency.
Trump criticized corporate DEI programs as discriminatory and suggested that the US Department of Justice could investigate whether such activities violate the law. He wrote in a post on the social media platform Truth Social, "Apple should get rid of the DEI rules, not just adjust them. DEI is a scam and is very bad for our country. DEI is finished!!"
Applovin, ranking fourth, closed down 12.22%, with a trading volume of $10.211 billion. The stock has been declining for seven consecutive trading days, with a cumulative decline of 35% in seven days. Previously, the institution Fuzzy Panda Research expressed a bearish view on the company.
During the trading session on Wednesday, the stock plunged by more than 17% at one point and triggered a trading halt due to excessive volatility. After trading resumed, the stock price dropped by as much as 22%.
Meta Platforms, ranking fifth, closed up 2.46%, with a trading volume of $9.659 billion. It is reported that Meta Platforms is in discussions to establish a new data center park for its artificial intelligence business. According to the number of chips and power demand required by the park, the project could exceed $200 billion, far exceeding any of Meta's data centers to date and potentially becoming the largest of its kind.
Advanced Micro Devices, ranking ninth, closed up 12.23%, with a trading volume of $7.442 billion. The company released its delayed financial results after the market closed on Tuesday, alleviating investors' concerns about its delisting risk. Advanced Micro Devices' revenue for the second quarter of fiscal year 2025 was $5.678 billion, compared with $3.665 billion in the same period last year. The net profit was $321 million, compared with $296 million in the same period last year.
Alibaba, ranking 11th, closed up 3.78%, with a trading volume of $5.63 billion. It is reported that Wuxiang 2.1, the visual generation base model under Alibaba Cloud, has been officially open-sourced.
Broadcom, ranking 13th, closed up 5.13%, with a trading volume of $4.44 billion. As Wall Street continues to speculate that Intel, a chip giant, may split, Piper Sandler believes that Broadcom's acquisition of Intel's core x86 business "would have great profit potential."
Intuit, ranking 18th, closed up 12.58%, with a trading volume of $2.918 billion. The company's revenue for the second fiscal quarter increased by 17% year-on-year to $3.96 billion, exceeding analysts' expectations of $3.83 billion; among them, the revenue of the Global Business Solutions Group increased by 19% year-on-year to $2.7 billion. The adjusted earnings per share increased from $2.63 in the same period last year to $3.32, while analysts expected $2.57.
#$Nvidia Corp(NVDA)#$Tesla Inc. Common Stock(TSLA)#$Apple Inc.(AAPL)#$Applovin Corporation Class A Common Stock(APP)#$Meta Platforms Inc. Class A Common Stock(META)#$Advanced Micro Devices(AMD)#$Alibaba Group Holding Limited American Depositary Shares each represents eight Ordinary Shares(BABA)#$Broadcom Inc. Common Stock(AVGO)#$Taiwan Semiconductor Manufacturing Company Ltd.(TSM)