Top 20 in US Stock Trading Volume: Benefiting from the Progress of China-US Tariff Negotiations, Apple Rises by More than 6%

On Monday, Tesla, ranking first in US stock market trading volume, closed up 6.75% with a trading volume of $35.598 billion. In April, the export volume of domestically produced Tesla vehicles saw a substantial month-on-month increase. In April, the export volume of domestically produced Tesla vehicles reached 29,728 units. Although this figure is slightly lower than the 30,746 units in the same period last year, it has significantly increased compared to the 4,701 units in March.

 

It is worth noting that the production model of Tesla's Shanghai Gigafactory shows certain seasonal characteristics. Usually, the export efforts will be intensified in the first few weeks of each quarter. Therefore, as the beginning of the second quarter, the surge in the export volume of domestically produced Tesla vehicles in April is not unexpected.

 

Nvidia, ranking second, closed up 5.44% with a trading volume of $27.178 billion. UBS lowered Nvidia's target stock price from $180 to $175.

 

Amazon, ranking third, closed up 8.07% with a trading volume of $15.579 billion. Amazon's stock price reached a new high since March, and its market value exceeded $2.2 trillion.

 

Meta Platforms, ranking fourth, closed up 7.92% with a trading volume of $13.837 billion. Recently, there has been news that Meta has once again started to explore stablecoin technology and intends to integrate blockchain into the payment system, attempting to open up a new track in the cross-border payment field.

 

According to a report by the financial magazine Fortune on May 8 citing informed sources, Meta is conducting preliminary negotiations with several cryptocurrency companies to evaluate the feasibility of using stablecoins as cross-border payment tools, focusing on application scenarios such as the distribution of Instagram creators' earnings, aiming to reduce the high costs of traditional fiat currency transfers.

 

Apple, ranking fifth, closed up 6.31% with a trading volume of $13.252 billion. US President Trump said on Monday that after China and the US agreed to suspend most tariffs for 90 days, he had a conversation with Apple CEO Tim Cook. Wall Street and Apple investors welcomed the progress of the China-US tariff negotiations.

 

Trump said in the Oval Office, "I talked to Tim Cook this morning. I think he will even increase his investment figure. With $500 billion, he will build many factories for Apple in the United States. We are looking forward to this."

 

Apple said in February that it would invest $500 billion to expand its various businesses in the United States, including assembling artificial intelligence servers in Houston.

 

Morgan Stanley released an investor report, presenting two completely different possibilities for the future development of Apple's services business. The report points out that the continuous growth of Apple's services business may be coming to an end, and the cooperation with Google and the development of artificial intelligence (AI) technology will be the key factors determining Apple's future direction.

 

Netflix, ranking eighth, closed down 2.65% with a trading volume of $7.188 billion. Netflix plans to start testing a TikTok-like vertical video stream in its mobile application in the next few weeks to help users discover new content to watch. From these clips, users can immediately watch the program or movie, add it to their watchlist, or share the clip with friends.

 

Chief Product Officer Eunice Kim said at a press conference, "We know that swiping through vertical video streams in social media applications is an easy way to browse video content." She also mentioned, "We also know that our users like to browse our clips and trailers to find the next content they are interested in."

 

Google's Class A shares, ranking ninth, closed up 3.74% with a trading volume of $6.918 billion. Investment bank Wedbush removed Google's parent company Alphabet from its "Best Investment List". Wedbush said that the reason for removing Alphabet from the "Best Investment List" is the uncertainty of the impact of artificial intelligence (AI) on its business model. Analysts maintain confidence in Alphabet's long-term prospects but also admit that its stock price may be volatile.

 

Eli Lilly, ranking tenth, closed up 2.86% with a trading volume of $6.655 billion. US President Trump signed a broad-reaching executive order on Monday requiring pharmaceutical companies to lower drug prices and align them with drug prices in other countries. Analysts and legal experts believe that it is difficult to implement this executive order.

 

The order sets price targets for pharmaceutical companies within the next 30 days. If these companies do not make "significant progress" in achieving these targets within six months after the order is signed, further actions will be taken to reduce prices.

 

Broadcom, ranking twelfth, closed up 6.43% with a trading volume of $5.501 billion. It has been reported that Broadcom has stopped selling VMware's perpetual licenses. Recently, it has taken new measures and sent cease-and-desist letters to holders of perpetual licenses whose support contracts have expired.

 

In November 2023, after Broadcom completed the acquisition of VMware, it quickly terminated the sales of VMware's perpetual licenses. Users holding perpetual licenses can still use the purchased software, but they cannot renew the support services unless there is a pre-signed contract. The goal is to force users to switch to the subscription model and purchase bundled VMware products.

 

Taiwan Semiconductor Manufacturing Company (TSMC), ranking sixteenth, closed up 5.93% with a trading volume of $3.99 billion. It is reported that the production capacity of TSMC's three new factories in the United States has been fully booked. Due to geopolitical considerations and the need for off-site production support, major US companies such as Apple, Nvidia, AMD, Qualcomm, and Broadcom have locked in the production capacity of TSMC's US factories in advance.

 

Uber, ranking seventeenth, closed up 6.39% with a trading volume of $3.36 billion. Several major banks have raised Uber's target price.

 

JPMorgan Chase released a research report maintaining an "overweight" rating on Uber and raising the target price from $80 to $92. The bank pointed out that after experiencing more than 20% growth for six consecutive quarters, although the growth rate of Uber's total bookings slowed down in the first quarter of 2025, its overall business performance is still strong, and it has made positive progress in the field of autonomous driving.

 

Shopify, ranking twentieth, closed up 13.70% with a trading volume of $3.144 billion. Shopify has been included in the Nasdaq 100 index components.