Top 20 in US Stock Market Trading Volume: Marvel Plunges 19.8% as Earnings Guidance Disappoints

NVIDIA has indeed declined as expected. It currently seems that this downward trend will continue for a while. There may be a rebound in the short term, but investment should be made with caution. It is advisable to mainly focus on its performance around the GTC conference.

On Thursday, NVIDIA topped the list of US stocks in terms of trading volume. It closed 5.74% lower with a trading volume of $35.288 billion. NVIDIA announced in a statement on Thursday that the GeForce RTX 5070 is now available for purchase, and it can easily achieve a frame rate of over 100 frames per second. Thanks to the Blackwell architecture, which accelerates 3D rendering, its AI performance has increased by three times, and the video export speed has increased by six times.

Tesla, ranking second, closed 5.61% lower with a trading volume of $25.905 billion. Recently released data shows that Tesla's sales have plummeted in many places around the world.

According to media reports, Tesla sold 30,688 vehicles in China in February, a year-on-year decrease of 49% and a month-on-month decrease of 51.5%. In Germany, its sales volume was 1,429 vehicles, a year-on-year plunge of 76%. In France, 2,395 vehicles were sold, a year-on-year decrease of 26%. In Sweden, 613 vehicles were sold, a year-on-year decrease of 42%. In Norway, 917 vehicles were sold, a year-on-year decrease of 48%. In Denmark, 509 vehicles were sold, a year-on-year decrease of 48%.

Apple, ranking third, closed 0.17% lower with a trading volume of $10.567 billion. Kuo Ming-chi, an analyst at TF International Securities, released predictions about Apple's first foldable iPhone. He said that the initial foldable iPhone is expected to be priced at over $2,000 to $2,500. The final specifications will be finalized in the second quarter of 2025, and the project will officially start in the third quarter. Mass production is expected in the fourth quarter of 2026. The second generation of the foldable iPhone is expected to go into mass production in the second half of 2027. Kuo Ming-chi also revealed that the foldable iPhone will adopt a titanium alloy body and a stainless steel hinge, and will cancel Face ID, replacing it with a Touch ID side button to save internal space. It will be equipped with a dual-lens rear camera and a front camera.

Palantir, ranking fourth, closed 10.73% lower with a trading volume of $9.756 billion. Currently, the stock has fallen by more than 35% from its recent high on February 18.

Amazon, ranking fifth, closed 3.68% lower with a trading volume of $9.622 billion. Swami Sivasubramanian, an executive who was recently in charge of database, analytics, and artificial intelligence services at Amazon Web Services (AWS), will be in charge of a new generative AI agents team. Sivasubramanian said on Wednesday that generative AI agent tools may help enterprises improve efficiency.

Broadcom, ranking sixth, closed 6.33% lower with a trading volume of $9.476 billion. The company released good financial results after the market closed on Thursday, and its revenue forecast for the second fiscal quarter exceeded expectations. Its share price soared 10% after hours.

Meta Platforms, ranking eighth, closed 4.35% lower with a trading volume of $8.473 billion. Chris Cox, the company's chief product officer, announced that the company's upcoming Llama 4 AI software will have reasoning capabilities and be able to create artificial intelligence agents that use web browsers and other tools, marking the latest development trend in the field of generative AI.
Cox said that the launch of Llama 4 will greatly enhance the capabilities of AI agents, enabling them to handle complex tasks more intelligently. Meta plans to launch a stand-alone Meta AI application in the second quarter to further expand its layout in the AI field.

Netflix, ranking tenth, closed 8.53% lower with a trading volume of $7.235 billion. Analysts said that the rapid growth trend of Netflix's users will soon slow down. Since it started cracking down on password sharing, Netflix's user base has significantly increased in the past two years. However, analysts believe that this rapid growth trend may soon lose momentum.
According to a report by research firm Moffett Nathanson, the significant increase in Netflix's user base over the past two years was mainly driven by people who had been using other people's login credentials before and have now registered their own accounts.

Analysts said that this shows that Netflix is just getting existing viewers to pay, rather than attracting a large number of new customers.

Applovin, ranking thirteenth, closed 18.36% lower with a trading volume of $4.498 billion. According to media reports, the company is on the verge of reaching a $900 million deal to sell its gaming division to mobile game developer Tripledot Studios. The deal has not been finalized yet, and the plan may still change.

Marvel, ranking fourteenth, closed 19.81% lower with a trading volume of $4.462 billion. The company's sales guidance for the first fiscal quarter met analysts' average expectations, but it disappointed many investors, as they had expected artificial intelligence (AI) to drive stronger growth in the company's performance.

Jordan Klein, an analyst at Mizuho, wrote in a research report before the earnings release: "Funds are looking for any reason to reduce their exposure and holdings of AI (semiconductor), hardware, optics, and interconnection stocks."

Klein specifically pointed out that many investors are still shorting Marvell Technology Group Ltd. stocks, believing that "any performance that exceeds expectations and upward guidance is not enough to boost the stock price." Concerns about customer concentration and competition in Asia are also intensifying.

Taiwan Semiconductor Manufacturing Company (TSMC), ranking sixteenth, closed 4.57% lower with a trading volume of $3.157 billion. US President Trump said in a speech to Congress on Tuesday that he hopes to repeal the CHIPS and Science Act, an important achievement of the Biden administration's industrial policy. He said in his speech: "We have invested hundreds of billions of dollars, but it's meaningless. They took the money but didn't spend it. For them, this money is worthless."

Before that, on Monday (March 3), after meeting with TSMC Chairman Mark Liu, who visited the White House, Trump jointly announced that "TSMC will invest at least an additional $100 billion in the United States to build US chip manufacturing facilities."

Trump has not clearly stated whether he will take back the funds that have been allocated or give up the promised incentives, but he has already made his stance clear on TSMC's newly announced investment project, saying, "We won't give them a penny."$TSLA $NVDA $AAPL $TSM $PLTR $AMZN $AVGO $NFLX $META $MRVL $APP