Top 20 in US Stock Trading Volume: Alphabet, the parent company of Google, issued $4 billion in bonds

On Monday, Tesla ranked first in US stock trading volume. It closed up 0.33%, with a trading volume of $42.522 billion. Since the media reported last week that Elon Musk would reduce his time involved in politics, the stock has risen for the fifth consecutive trading day.

The media reported that Musk will "significantly" reduce his working hours at the White House and instead prepare to play the role of a major political donor for the Republican Party in the 2026 midterm elections.

 

Four people with direct knowledge of the matter revealed that Musk believes that his personal wealth and the social media platform X may have more political influence than directly participating in government work.

Nvidia ranked second, closing down 2.05%, with a trading volume of $22.253 billion. It was reported on Monday that a Chinese technology giant will test a new AI chip, aiming to compete with Nvidia.

According to informed sources, this Chinese technology giant is preparing to test its most advanced artificial intelligence processor so far. This move may help the Chinese technology giant replace some of Nvidia's high-end products. It is said that the new chip named Ascend 910D is expected to be launched in sample batches by the end of May.

Palantir ranked third, closing up 1.66%, with a trading volume of $12.358 billion. The stock has risen for five consecutive trading days, with a cumulative increase of 26.3%.

Amazon ranked seventh, closing down 0.68%, with a trading volume of $6.198 billion. According to media reports, affected by Trump's tariff policy, the average selling price of Amazon's products in the United States has increased by 29%, covering multiple categories such as clothing, household items, electronics, and toys.

 

Several other e-commerce platforms have also issued announcements stating that due to the "recent changes in global trade rules and tariffs" leading to an increase in operating costs, price adjustments will be implemented starting from April 25.

Google's Class A shares ranked eighth, closing down 0.83%, with a trading volume of $4.747 billion. According to informed sources, Alphabet, the parent company of Google, will issue approximately $4 billion in senior bonds on Monday.

One of the informed sources said that the company plans to sell the bonds in up to four tranches. The person, who requested anonymity due to the confidentiality of the details, said that for the longest-term part of this issuance, that is, the 40-year bonds, the yield may be 1 to 1.05 percentage points higher than that of US Treasury bonds.

This bond issuance marks the company's first bond issuance since 2020. In 2020, the company issued $10 billion in bonds in six tranches, and three of them were labeled as sustainable development bonds.

Another informed person, who also requested anonymity due to the confidentiality of the information, said that the company is also preparing for its first euro bond issuance, aiming to issue up to five euro bonds with a maximum term of up to 29 years.

SpringWorks Therapeutics ranked 11th, closing up 3.26%, with a trading volume of $3.681 billion. On Monday, Merck KGaA, a German pharmaceutical company, announced that it has reached an agreement to acquire SpringWorks Therapeutics, a US biotech company, for approximately $3.9 billion. This move will expand its business layout in the fields of rare diseases and cancer treatment.

Spotify ranked 17th, closing down 3.70%, with a trading volume of $2.359 billion. According to media reports on Sunday, Spotify will increase the price of individual subscriptions by 1 euro in the European and Latin American markets, and the price increase is expected to take effect as soon as June.

 

Spotify will not adjust the price in the US, its largest market. The last time the platform revised its pricing in the US was in July 2024. US users currently pay $11.99 per month, which is higher than the initial $9.99 per month when the service was first launched in the country 14 years ago.

Intel ranked 19th, closing up 2.29%, with a trading volume of $1.97 billion. Recently, there have been reports that Intel has admitted that its AI chips are not in high demand. The company's statement during the earnings call has indirectly confirmed the market's demand for the 13th and 14th generation Core processors, which far exceeds that for the latest Core Ultra series with an NPU unit. It also confirms the tracking data on AI PC shipments previously released by the analysis firm Canalys.

AbbVie ranked 20th, closing up 3.38%, with a trading volume of $1.981 billion. AbbVie's sales and adjusted earnings per share in the first quarter exceeded expectations, and the pharmaceutical company raised its full-year adjusted earnings per share forecast by 10 cents. However, the company pointed out that its business may be affected by the tariffs that President Trump said he plans to impose on the industry.
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