Top 20 in US Stock Trading Volume: NVIDIA Plunges 6.9%, US Tightens Chip Control
Magical Investor
April 16, 2025
GoGPT Summarizes Articles
On Wednesday, NVIDIA, ranking first in US stock trading volume, closed down 6.87% with a trading volume of $40.758 billion.
NVIDIA Corporation stated on Tuesday that the US government is regulating the export of its H20 chips to some countries and regions, severely weakening this product line that was originally designed to cope with previous export controls.
NVIDIA said in a regulatory filing that the US government notified the company on Monday that the H20 chips will require an "indefinite" application for a license when exported to some countries in the future.
The government side said that the new regulations aim to address concerns that the chips "may be used or diverted for supercomputers in other countries."
NVIDIA warned that the company will record approximately $5.5 billion in expenses in the first quarter of this fiscal year, and these expenses are related to the "inventory, purchase commitments, and related reserves" of the H20 series chips.
NVIDIA once stated that further tightening of export controls will only strengthen the determination of other countries to get rid of their dependence on US technology and will weaken the competitiveness of US enterprises.
Tesla, ranking second, closed down 4.94% with a trading volume of $27.159 billion. The New Car Dealers Association of California said on Wednesday that Tesla's market share in the electric vehicle market in the state has dropped from 55.5% a year ago to 43.9% in the first quarter of this year, while the sales of all other electric vehicle brands have increased by 35%.
According to the new registration data in California, Tesla no longer accounts for the majority of newly registered electric vehicles in the state, and California accounts for nearly one-third of the zero-emission vehicle purchases in the United States.
The New Car Dealers Association of California pointed out in its quarterly report that the aging product line and the public's aversion to Elon Musk's political actions may be the key factors leading to the decline in Tesla's electric vehicle market share.
Apple, ranking third, closed down 3.89% with a trading volume of $11.656 billion.
Apple announced on Wednesday that it has made important progress towards its 2030 goal of achieving carbon neutrality for its overall carbon footprint in the next five years: the company's global greenhouse gas emissions have been reduced by more than 60% compared to the 2015 baseline.
Apple also said that it has achieved the use of 99% recycled rare earth elements in all magnets and 99% recycled cobalt materials in all Apple-designed batteries.
Palantir, ranking fourth, closed down 5.78% with a trading volume of $11.332 billion. There was news on Tuesday that the NATO Communications and Information Agency has completed the procurement of the NATO version of Palantir Maven Intelligence System and will deploy this intelligence system to the NATO Allied Command Operations .
Meta Platforms, ranking fifth, closed down 3.68% with a trading volume of $9.392 billion. On the 14th local time, the antitrust case of the US Federal Trade Commission against the social media giant Meta opened in Washington. Analysts pointed out that if Meta loses the lawsuit, it may be forced to spin off applications such as Instagram.
In the opening statement on the first day of the trial, the US Federal Trade Commission said that Meta's previous acquisitions of Instagram and WhatsApp were to suppress competition, establish an illegal monopoly in the social media market, and obtain huge profits.
Meta's defense lawyer said that the acquisitions were approved by the regulatory authorities, and it was precisely Meta's huge investment in the acquisitions that allowed these applications to develop and gain user favor.
It is reported that in order to avoid the lawsuit, Mark Zuckerberg proposed a settlement plan of $450 million at the end of March this year, but it is far from the $30 billion required by the FTC.
Andrew Ferguson, the new chairman of the FTC, believes that this proposal lacks persuasiveness and refuses to accept it.
It is reported that in recent months, Mark Zuckerberg has been trying to establish a good relationship with former US President Donald Trump, and in order to avoid this trial, he has also launched a "crazy lobbying campaign."
Microsoft, ranking seventh, closed down 3.66% with a trading volume of $8.165 billion. Morgan Stanley lowered Microsoft's target price from $530 to $472.
AMD, ranking tenth, closed down 7.35% with a trading volume of $5.475 billion. After the Trump administration imposed new controls on semiconductor exports, AMD expects that the company will incur costs of up to $800 million as a result.
AMD said in a filing with the US Securities and Exchange Commission (SEC) that after a preliminary assessment of the new licensing requirements for the export of MI308 products, they reached the above conclusion.
NVIDIA disclosed on Tuesday that since the H20 chips will be prohibited from being sold if an export license cannot be obtained, the company will record a provision of $5.5 billion.
Taiwan Semiconductor Manufacturing Company (TSMC), ranking thirteenth, closed down 3.60% with a trading volume of $3.568 billion.
JPMorgan Chase released a research report, lowering its consumption expectations for TSMC's CoWoS advanced packaging technology in the next two years by 7% and 3% respectively, citing reduced demand for Amazon's self-developed AI chips and macroeconomic uncertainties.
The report predicts that considering the impact of tariffs and the global economic slowdown, TSMC's management may lower the revenue growth guidance for the fiscal year 2025 from about 25% to around 20%.
In addition, it is reported that affected by the US-China trade war initiated by the Trump administration, many US-based technology giants such as Apple, AMD, and NVIDIA are expanding their wafer production at TSMC's US foundries to avoid upcoming semiconductor tariffs. In response to the tight supply of production capacity, TSMC may increase prices by 30%.
ASML, ranking sixteenth, closed down 7.06% with a trading volume of $2.576 billion. The company's order volume in the first quarter was 3.94 billion euros, lower than the average analyst expectation of 4.82 billion euros.
Although ASML failed to complete its orders as scheduled, CEO Christophe Fouquet said: "AI is still the driving force of the market. The demand is strong." He also warned that the tariffs recently announced by the United States are creating uncertainty for the chip industry, and this situation may temporarily prevail.
ASML regards 2026 as a "year of growth" and said that the demand remains strong.
ASML executives said that so far, tariffs have not fundamentally changed its business planning or negotiations with customers. However, the company said that the situation is still changing.
ASML believes that the potential risks caused by Trump's tariffs include increased freight costs. The company does not plan to move its production lines to the United States, but may pass on the tariff costs to customers.
Eli Lilly, ranking nineteenth, closed down 2.94% with a trading volume of $2.434 billion.
The latest public notice on the website of the Center for Drug Evaluation (CDE) of the National Medical Products Administration of China shows that Eli Lilly's new indication listing applications for mirikizumab injection and its subcutaneous injection formulation have been accepted.
Public information shows that this is an IL-23 inhibitor developed by Eli Lilly, and this therapy was once listed as one of the top 10 potential blockbuster therapies by Evalulate. The first listing application of this drug in China was accepted by the CDE in October last year, and the indication was Crohn's disease.