Top 20 in US Stock Trading Volume: Tesla Rose Nearly 5%

On Friday, Tesla, which ranked first in US stock trading volume, rose 4.72%, with a trading volume of $39.431 billion. As Tesla's sales plummeted, it is going through a nightmare in Europe. In April, Tesla's sales in the UK were surpassed by several Chinese automakers. Data shows that Tesla sold only 512 vehicles in the UK last month, which is lower than the more than 1,300 vehicles sold in April 2024. When Tesla's sales are declining, the negative reputation of its CEO Elon Musk continues to affect its sales in Europe.

 

According to media reports, Tesla Cybertruck owners in the United States can no longer purchase the extended-range battery pack for $16,000. After Tesla postponed the launch of the Cybertruck extended-range battery pack in October and reduced the initially estimated range by 40 kilometers, it made the decision to cancel this accessory. Tesla employees also revealed that the company has cut the production of this pickup truck.

 

Nvidia ranked second, closing 0.61% lower, with a trading volume of $15.405 billion. On May 9, three informed sources revealed to the media that due to the US threat to halt exports, Nvidia plans to further downgrade the configuration of the H20 chip to be launched externally within the next two months. Two of them said that Nvidia has informed major customers that it plans to release a downgraded version of the H20 in July. The report said that Nvidia has set new technical thresholds for the "specially supplied version" of the chip.

 

A source said that this will lead to a significant decline in its performance compared to the original H20, including a substantial reduction in memory capacity. Another source said that downstream customers may modify the module configuration to adjust the performance level of the chip.

 

Palantir ranked third, closing 1.55% lower, with a trading volume of $9.436 billion. In a research report on Friday, Citigroup warned that Palantir's valuation is too high, leaving it with "no room for error." This Wall Street investment bank maintained its "hold" rating on Palantir and raised its target stock price from $110 to $115.

 

Citigroup analyst Tyler Radke pointed out that Palantir is committed to optimizing products through technology and cutting costs, but he also warned that quarterly spending and tax fluctuations may put pressure on profit margins, making stable operations crucial.

 

Since the beginning of the year, the PLTR stock price has risen by about 57%, and the cumulative increase in the past 52 weeks is still 478%.

 

Apple ranked fourth, closing 0.53% higher, with a trading volume of $7.223 billion. According to the information revealed this week by two well-known technology tipsters - technology analyst Ming-Chi Kuo and senior technology journalist Wayne Ma, starting from the iPhone 18, Apple will enter a state of "launching new mobile phones twice a year."

 

As for the iPhone 17 series that will be released in September this year, it has already been "spoiled" thoroughly: it includes the basic iPhone 17, iPhone 17 Pro and Pro Max, as well as the brand-new ultra-thin iPhone 17 Air. The main upgrade points include "high refresh rate screens for the whole series" and a change in the shape of the camera bump on the back.

 

Microsoft ranked sixth, closing 0.13% higher, with a trading volume of $6.403 billion. It is reported that Brad Smith, vice chairman and president of Microsoft, said at the hearing that Microsoft has banned employees from using the DeepSeek application. He clearly pointed out that all application services of DeepSeek are prohibited from being used, and Microsoft has not included it in the app store. In fact, many organizations and even countries have restricted DeepSeek, but this is the first time Microsoft has publicly announced such a ban.

 

Alphabet's Class A shares of Google ranked ninth, closing 0.99% lower, with a trading volume of $4.944 billion. Google agreed to pay $50 million to settle a lawsuit accusing the company of having systemic racial bias against black employees. A preliminary settlement agreement involving more than 4,000 Google employees in California and New York was submitted to the federal court in Oakland, California, and requires the approval of a judge.

 

The plaintiffs in this class-action lawsuit claimed that Google has a "corporate culture with racial bias." The management directed black employees to lower-level positions, gave them lower salaries, reduced their performance ratings, and deprived them of promotion opportunities. According to the lawsuit, in 2021, black employees accounted for only 4.4% of Google's total employees and 3% of the leadership.

 

According to another report, Alphabet, Google's parent company, has been sued for unfair competition by Italy's Moltiply for $3.34 billion.

 

The Trade Desk ranked tenth, closing 18.60% higher, with a trading volume of $3.538 billion. The Trade Desk's first-quarter financial results for the fiscal year 2025 far exceeded market expectations. The earnings report shows that the company's revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) are significantly higher than analysts' estimates, highlighting its strong competitiveness in the digital advertising market.

 

The company's adjusted earnings per share for the first fiscal quarter were 33 cents, exceeding the market consensus estimate of 25 cents. The operating revenue was approximately $616 million, exceeding the market consensus estimate of $584 million and increasing by 25% year-on-year.

 

"Against the backdrop of increased macro volatility at the beginning of the year, 2025 will be an important year for marketers. Leading marketers are seeking to embrace their consumers on the open internet, where they spend most of their time online, to drive business differentiation and growth," said Jeff Green, co-founder and CEO of The Trade Desk.

 

Eli Lilly ranked 16th, closing 2.25% lower, with a trading volume of $2.943 billion. Eli Lilly announced changes in its senior leadership, which will further enhance the company's ability to drive sustainable and long-term growth and ensure that its drugs continue to benefit millions of people around the world.

 

Ilya Yuffa, executive vice president and president of Eli Lilly International, will become executive vice president and president of Eli Lilly's US and Global Customer Capabilities.

 

Patrik Jonsson, executive vice president and president of its Cardiometabolic Health division and president of Eli Lilly US, will become executive vice president and president of Eli Lilly International, leading all markets outside the United States.

 

Dr. Kenneth Custer, general manager of Eli Lilly Canada, will be promoted to executive vice president and president of Eli Lilly Cardiometabolic Health and will join the executive committee of Eli Lilly.

 

Applovin ranked 18th, closing 3.23% lower, with a trading volume of $2.598 billion. After the US stock market closed on Wednesday, the company announced that its revenue for the first fiscal quarter was $1.48 billion, an increase of 40% year-on-year, exceeding market expectations. The adjusted earnings per share were $1.67, also exceeding market expectations. Applovin agreed to sell its mobile gaming division to Tripledot Studios in London to focus on its advertising technology business.

 

Documents show that the marketing company headquartered in Palo Alto, California, will receive $400 million in cash and a 20% stake in Tripledot.

 

Adam Foroughi, CEO of Applovin, told investors in February that the company "has never been a game developer" and revealed that the company is in exclusive negotiations to sell its mobile gaming division to a private company.