Top 20 in US Stock Trading Volume: UnitedHealth Group Slashes Its Financial Forecast Drastically, and Its Stock Price Plummets by 22%

On Thursday, NVIDIA, ranking first in trading volume among US stocks, closed down 2.87% with a trading volume of $29.432 billion. The stock has cumulatively dropped 8.5% this week.

 

NVIDIA said on Tuesday that it would accrue approximately $5.5 billion in quarterly expenses for exporting H20 graphics processing units to some countries and regions. In a filing, NVIDIA stated that on April 9, the US government informed the company that it needed to obtain a license to export chips to some countries and regions.

This accrual by NVIDIA suggests that the company's historic growth may slow down due to the increase in chip export controls. The US government claims that NVIDIA's chips can be used to manufacture military supercomputers.

UBS lowered NVIDIA's target price from $185 to $180.

 

It is reported that Tesla has recently reduced the production targets of several Cybertruck electric pickup truck production lines and laid off some production teams, and the production capacity of some production lines is only a fraction of what it used to be.

 

The report said that since January this year, Tesla has been transferring some employees from the Cybertruck production line at the Gigafactory in Texas to the Model Y production line.

In addition, it is reported that the production plans of the upcoming Cybercab and Semi electric trucks have been disrupted. The news of production cuts has exacerbated Tesla's difficulties, as the company is facing challenges such as declining sales, increasing competition, and changing consumer preferences.

UnitedHealth Group, ranking third, closed down 22.38% with a trading volume of $13.371 billion. The company's adjusted earnings per share in the first quarter were $7.20, and its revenue increased by 10% year-on-year to $109.58 billion. The market expected earnings per share of $7.25 and revenue of $111.46 billion.

In view of the costs related to its Medicare Advantage business exceeding expectations, UnitedHealth Group significantly lowered its profit forecast, expecting the adjusted earnings per share for the whole year to be between $26 and $26.50, compared with the previous expectation of $29.50 to $30.

Andrew Witty, CEO of UnitedHealth, said in a statement that the company "did not meet expectations, and we are actively addressing these challenges to prepare for the coming years."

Apple, ranking fourth, closed up 1.39% with a trading volume of $10.087 billion. In response to the high import tariffs imposed by the US, Apple is accelerating its global production capacity diversification strategy.

 

Following the news of its plan to expand the assembly line in Brazil, it has been reported recently that Apple has already produced and sold the new iPhone 16e locally in Brazil.

Eli Lilly, ranking fifth, closed up 14.30% with a trading volume of $9.132 billion. Eli Lilly announced on Thursday that its daily oral GLP-1 drug Orforglipron achieved positive results in a Phase 3 trial for adult patients with type 2 diabetes.

Jefferies, a securities firm, raised Eli Lilly's target price from $1,020 to $1,057.

Microsoft, ranking eighth, closed down 1.03% with a trading volume of $7.743 billion. Phil Spencer, head of Microsoft's gaming division, recently reaffirmed his strong support for Nintendo Switch 2.

 

He said that Microsoft will continue to reach more non-PC and non-Xbox players through the Switch platform to expand the influence of its gaming community. Spencer highly praised Nintendo's unique position in the industry and believes that the cooperation between the two sides is crucial for the future development of Microsoft's games.

Alphabet's Class A shares, ranking 11th, closed down 1.42% with a trading volume of $4.978 billion. A US federal judge said on Thursday that Google illegally monopolized two markets in online advertising technology, which is another blow to the tech giant in the antitrust case filed in the US.

 

This ruling may give prosecutors grounds to demand the divestiture of Google's advertising products.

The US Department of Justice said that Google should at least sell its advertising manager products, including the company's publisher ad server business and advertising exchange platform. Google may now face orders from two different US courts requiring it to sell assets or change its business practices.

 

The US Department of Justice has demanded that Google sell its Chrome browser and take other measures to end its dominance in the online search field, and a judge in Washington will hold a trial on this request next week.

Broadcom, ranking 14th, closed down 2.07% with a trading volume of $3.86 billion. The stock has cumulatively dropped more than 6% this week. Oppenheimer, an investment bank, reaffirmed that several stocks including Broadcom are the top recommended stocks in the semiconductor sector.

AMD, ranking 15th, closed down 0.89% with a trading volume of $3.025 billion. AMD warned on Wednesday that due to the recent restrictions imposed by the Trump administration on the export of advanced processors to foreign countries, the company expects to incur a provision expense of up to $800 million.

 

The additional $800 million in expenses is related to inventory, purchase commitments, and reserve provisions, which is consistent with what NVIDIA has listed.

Wells Fargo lowered AMD's target price from $140 to $120.

Hertz Global Holdings, ranking 20th, closed up 44.31% with a trading volume of $2.041 billion. The stock has cumulatively increased by more than 110% this week. Pershing Square Capital Management, owned by the famous investor Bill Ackman, has taken a large stake in Hertz, triggering a surge in the share price of this car rental company that completed bankruptcy reorganization four years ago.

On Wednesday, Hertz's share price soared by more than 56% and continued to rise by more than 35% in after-hours trading. Previously, a regulatory filing showed that as of the end of 2024, Pershing Square had held a 4.1% stake in Hertz. According to informed sources, through stock and derivative transactions, the institution's shareholding ratio has significantly increased to 19.8%, making it the second largest shareholder of Hertz.