Top 20 in US stock trading volume: Tesla's car sales in France plummeted by 67% in May

On Monday, Tesla, ranked No. 1 in U.S. stock trading volume, closed down 1.09% with a trading volume of $27.582 billion. As of Monday's close, the stock has fallen for four consecutive trading days. Data shows that Tesla's new car registrations in France further declined in May, contradicting the claim by the company's CEO Elon Musk last month that "Tesla has recovered from the sales slump at the beginning of the year."

 

According to data from the French automotive industry association Plateforme Automobile, Tesla sold only 721 vehicles in the country in May, a 67% year-on-year decline. Despite the company launching a revised version of its best-selling Model Y, the registration volume hit the lowest level since July 2022.

 

It is also reported that Musk's artificial intelligence (AI) company xAI is conducting a $300 million share sale transaction, which values the company at $113 billion.

 

Ranked No. 2, NVIDIA closed up 1.67% with a trading volume of $26.646 billion. A UBS research report released on Monday stated that NVIDIA and Oracle will be the main beneficiaries of Texas' "Stargate" AI data center project.

 

The institution estimates that the project could bring up to $20 billion in GPU revenue to NVIDIA and create more than $2 billion in revenue for Oracle Cloud Infrastructure.

 

When fully completed, this data center located in Abilene, Texas, is expected to deploy 400,000 NVIDIA H200 GPUs—equivalent to approximately $20 billion in sales at current prices. As OpenAI expands its computing power scale through Oracle, Microsoft and CoreWeave, an additional $5 billion in network equipment revenue will be generated.

 

Ranked No. 3, Palantir closed up 0.20% with a trading volume of $12.134 billion. News broke last Friday that the Trump administration is relying on Palantir to build the technological foundation for its executive order requiring data sharing among federal agencies.

 

Reports indicate that since Trump took office, Palantir has received over $113 million in funding from the federal government, including additional appropriations for existing contracts and new contracts with the Pentagon and the Department of Homeland Security.

 

Ranked No. 6, Google Class A shares closed down 1.58% with a trading volume of $6.251 billion. Documents show that Google has agreed to invest $500 million over 10 years to comprehensively reform its compliance framework to settle a shareholder lawsuit accusing the search engine company of violating antitrust laws.

 

This preliminary settlement agreement, filed late on Friday, targets a so-called derivative lawsuit against executives of Google's parent company Alphabet, including CEO Sundar Pichai, and Google co-founders Sergey Brin and Larry Page. The settlement requires approval from Rita Lin, a federal district judge in San Francisco.

 

Eric Sheridan, an analyst at Goldman Sachs, pointed out that Alphabet's 9% pullback this year is mismatched with its enduring dominance in the search field and AI capabilities, making the current price a buying opportunity. Despite market concerns about the pace of AI monetization, regulatory headwinds, and competition in advertising and cloud businesses, Sheridan believes that excessively pessimistic expectations have been digested, and a rebound is foreseeable as Alphabet's long-term strategy is implemented.

 

He emphasized that search and other businesses (expected to grow from $198 billion in 2024 to $318 billion in 2030) remain the core growth engine, while first-party data and a global data center network are strengthening the integration of AI in YouTube, Maps, and Workspace. Sheridan specifically noted that even with short-term fluctuations in advertising spending, Alphabet's cloud business and digital infrastructure lay a solid foundation for future growth.

 

Ranked No. 7, Blueprint Medicines closed up 26.09% with a trading volume of $5.914 billion. It was reported on Monday that French pharmaceutical giant Sanofi Aventis will acquire the company for an equity value of $9.1 billion, a move that will significantly strengthen its treatment pipeline in the field of rare immune diseases.

 

According to a joint statement released by both parties on Monday, Sanofi will acquire the company at a cash price of $129 per share, a 27% premium over Blueprint's closing price last Friday.

 

Ranked No. 10, Broadcom closed up 2.74% with a trading volume of $4.738 billion. It is reported that Intel is considering exiting its Networking and Edge (NEX) division, which could help it focus more on its core CPU business. The division generated $5.8 billion in revenue in 2024, accounting for 11% of Intel's total sales.

 

Analysts point out that Broadcom's strong performance constitutes a major pressure. Its dominance in the network chip field—including the Tomahawk series for AI data centers and telecom-grade Jericho chips—is considered a key factor prompting Intel to consider exiting the NEX business.

 

Broadcom's network products currently account for 30% of its $12.3 billion in AI-related revenue. This technological advantage, coupled with the integrated capability to provide both switch and network card hardware, may be squeezing Intel out of this market.

 

Ranked No. 12, AMD closed up 3.52% with a trading volume of $3.852 billion. According to the latest leak, AMD is developing a new high-end graphics card, the Radeon RX 9080 XT, which is said to be equipped with up to 32GB of GDDR7 memory, a memory bus width of 256bit, a GPU frequency between 3.7GHz and 4GHz, and a power consumption of up to 450W.

 

Ranked No. 13, CoreWeave closed up 7.99% with a trading volume of $3.072 billion. Recently, multiple research reports have been released: DA Davidson downgraded its rating from neutral to "underperform" and set a target price of $36 in a report on Thursday, May 15. Needham & Company reaffirmed its "buy" rating on the same day with a target price of $55. Wells Fargo raised its target price from $50 to $60 in a research report on May 15 and maintained a "hold" rating.

 

According to statistics, two institutions currently give a "sell" rating, twelve recommend "hold," six recommend "buy," and one lists it as "strong buy." The stock has a composite rating of "hold" and an average target price of $60.94.

 

Ranked No. 17, APPlovin closed up 2.27% with a trading volume of $2.444 billion.

 

Ranked No. 20, Applied Digital closed up 48.46% with a trading volume of $2.304 billion. The company announced on Monday that it has leased a 250MW AI data center in North Dakota with CoreWeave. Under the lease agreement, Applied Digital will provide 250 megawatts (MW) of critical IT load at its data center campus in Ellendale, North Dakota, to host CoreWeave's AI and high-performance computing (HPC) infrastructure.

 

Over the approximately 15-year lease period, Applied Digital expects to generate approximately $7 billion in total revenue from the lease.