Top 20 in US Stock Trading Volume: Tesla closed down 5.75%, with a sharp slump in European sales in the first quarter
On Monday, NVIDIA, ranking first in trading volume among US stocks, closed down 4.51%, with a trading volume of $26.48 billion.
The company said last Tuesday that it would accrue approximately $5.5 billion in quarterly expenses for exporting H20 graphics processing units to some countries and regions. This accrual implies that the company's historic growth may slow down due to the increase in chip export controls.
In addition, it has been reported recently that the company terminated the operation of Lepton AI. It was revealed online recently that Lepton AI has informed users that Lepton will officially cease operation on May 20, 2025, and users will no longer be able to access the services on the Lepton AI platform or the data they have submitted after that.
Tesla, ranking second, closed down 5.75%, with a trading volume of $21.002 billion. Tesla is about to release its financial report. Industry data shows that the company's sales in Europe are on the verge of collapse.
According to the latest data released by Statista, Tesla's sales across the board in Europe plummeted in the first quarter. Among them, the declines in Germany, Denmark, and Sweden exceeded 50%, and the decline in the Netherlands was also close to 50%.
In addition, according to media reports on Monday, Tesla CEO Elon Musk may announce when he will leave the US "Department of Government Efficiency" (DOGE) during the conference call after announcing the first-quarter results on local time Tuesday (early Wednesday morning Beijing time).
Previously, Musk and the White House denied the reports that he would leave the institution but insisted that his tenure at DOGE was "temporary."
Netflix, ranking third, closed up 1.53%, with a trading volume of $9.583 billion. The reason for the stock's increase on Monday was that several analysts raised their target prices for this streaming giant. The company announced better-than-expected first-quarter results after the market closed on Thursday.
Analysts at JPMorgan Chase said that Netflix "continues to adopt an aggressive strategy in its business, and its stock still has defensive properties in an uncertain environment."
Apple, ranking fourth, closed down 1.94%, with a trading volume of $8.814 billion. Stock research firm Moffett Nathanson believes that the downward trend of Apple's stock price will not be alleviated in the short term. Although it has already fallen by more than 23% this year, it "still has a long way to go to get out of trouble."
On local time Monday (April 21), analyst Craig Moffett reaffirmed the "sell" rating on Apple and significantly lowered the target price from $184 to $141. According to data from FactSet, the average target price of Apple set by Wall Street analysts is $241.
Given that Apple closed at $196.98 last Thursday, this means that Moffett believes the stock still has a downward space of more than 28%. Moffett also lowered Apple's long-term earnings expectations due to the tariffs imposed by US President Donald Trump and the continuous intensification of the trade war.
Amazon, ranking fifth, closed down 3.06%, with a trading volume of $7.833 billion.
Analysts at Wells Fargo said on Monday that, according to the industry information they have learned, cloud computing giant Amazon has also started to postpone some commitments to lease data centers, which is also regarded as the latest sign that economic uncertainties are affecting the spending of technology companies.
In the field of cloud computing, Amazon's AWS and Microsoft's Azure are the top two giants in terms of global market share. Considering that Microsoft's strategic contraction is also due to no longer being the exclusive computing power provider of OpenAI, the reasons for Amazon's adjustment are even more worthy of attention.
Eric Luebchow of the communication infrastructure sector at Wells Fargo wrote in a report released on Monday: "Last weekend, we learned from multiple industry sources that AWS has suspended negotiations on some hosting leases (especially international businesses).
This situation is also similar to what we learned from Microsoft recently - that is, both companies are scaling back new projects but have not cancelled the agreements that have already been signed."
Meta Platforms, ranking seventh, closed down 3.35%, with a trading volume of $7.629 billion. It is reported that the apps under Meta have chosen to disable the Apple Intelligence function.
On Monday, some analysts said that splitting Meta and Google may trigger a new wave of AI innovation. Ron Westfall, the director of communication network research at Futurum Group, said: "Given the roles of Meta and Google as major AI developers, these antitrust actions will profoundly reshape the AI ecosystem."
Dev Nag, CEO of the automation support company QueryPal, believes that the split will create opportunities for small and medium-sized enterprises: "When monopolistic enterprises like Google and Meta face splitting or regulation, we often see the explosive growth of small innovators that have been suppressed for a long time."
UnitedHealth Group, ranking ninth, closed down 6.34%, with a trading volume of $5.611 billion. Recently, many securities firms have successively lowered the target price of UnitedHealth Group. Oppenheimer lowered the target price of UnitedHealth from $640 to $600.
Broadcom, ranking twelfth, closed down 2.80%, with a trading volume of $3.512 billion. After the new regulations caused dissatisfaction, Broadcom gave up the previous regulation that "VMware must purchase at least a 72-core license" and restored the minimum purchase quantity to 16 cores.
Previously, Broadcom introduced a new licensing policy in March 2025, requiring that after April 10, 2025, when customers renew or purchase new licenses, the minimum purchase quantity should be 72 CPU cores.
This policy has been regarded by many as "robbing" small and medium-sized enterprises because even if an enterprise only needs 32 or 48 cores, it still has to pay for 72 cores.
In addition, Broadcom also introduced a 20% penalty for delayed renewal, that is, if the renewal is not carried out immediately after the expiration, an additional 20% penalty will be imposed, which undoubtedly brings greater pressure on the IT budgets of small and medium-sized enterprises.
Costco, ranking sixteenth, closed down 3.69%, with a trading volume of $2.722 billion.
Taiwan Semiconductor Manufacturing Company (TSMC), ranking nineteenth, closed down 2.56%, with a trading volume of $2.105 billion. The 2024 shareholders' annual report recently released by TSMC shows that its new factory in Arizona, the United States, suffered a loss of approximately $440 million last year, setting the largest loss since the establishment of TSMC's factory in the United States.