Top 20 in US Stock Trading Volume: Strategy closed up 8%, and the rally of related stocks was driven by Bitcoin breaking through $91,000

On Tuesday, Tesla topped the list of the top 20 US stocks in terms of trading volume, closing up 4.60% with a trading volume of $25.49 billion.

 

Tesla released its first-quarter financial report after the US stock market closed on Tuesday. Due to the controversy over the role Elon Musk plays in the US federal government, Tesla's stock price has fallen by about 44% this year, which has also led to a decline in its global sales volume.

Apple ranked third, closing up 3.41% with a trading volume of $10.302 billion. Local time on Tuesday, the National Advertising Division (NAD), a self-regulatory organization in the US advertising industry, released a notice detailing the findings of its investigation into Apple's AI advertising. In short, the agency determined that Apple had engaged in misleading advertising and put forward suggestions for modification.

After the notice was released, Apple quietly removed the description of "Now Available" for Apple Intelligence from its official website.

Netflix ranked fourth, closing up 5.31% with a trading volume of $9.655 billion. The company's revenue in the first fiscal quarter was $10.54 billion, higher than the analysts' expected $10.5 billion.

 

It maintained its full-year revenue forecast at between $43.5 billion and $44.5 billion, while analysts expected $44.33 billion. It is expected that the revenue in the second quarter will be $11.04 billion, higher than the analysts' expected $10.88 billion.

During Tuesday's trading session, Bitcoin broke through $91,000, rising by more than 4% intraday, reaching its highest intraday level since March 7 and continuing the upward trend from Monday. The overall market and technology giants also rose. When traders increase their holdings of risky assets, they often flock to cryptocurrencies and related stocks. Another virtual currency concept stock, Coinbase, closed up 8.57% with a trading volume of $2.366 billion, ranking 20th among US stocks in terms of trading volume on Tuesday.

Alphabet's Class A shares ranked 12th, closing up 2.57% with a trading volume of $3.901 billion. Local time on Monday, at the hearing on the remedial measures for Google's antitrust case, David Dalquist, a prosecutor from the US Department of Justice, said that Google needs to be subject to strong measures to prevent it from using its artificial intelligence products to further consolidate its dominant position in the online search field.

 

The lawyer said, "We are at a turning point. The court has the opportunity to correct the monopolies in the contemporary Internet and restore competition in the coming decades."

The head of ChatGPT at OpenAI said at a court hearing on Tuesday that if the federal court rules that Google must divest its Chrome browser, then OpenAI would be interested in purchasing it.

When asked whether OpenAI would seek to acquire Google Chrome, Nick Turley, the head of ChatGPT, responded, "Yes, we would, and so would many other companies."

Alibaba ranked 14th, closing up 5.20% with a trading volume of $3.004 billion.