Top 20 in US stock trading volume: Tesla Tumbles 14%, Wiping out Over $150 Billion in Market Capitalization

Tesla ranked first in US stock trading volume on Thursday, closing down 14.26%, marking its largest single-day decline in four years with a trading volume of $84.227 billion and a market capitalization evaporation of $152 billion.  

 

Elon Musk, has continued to pressure Congress to "kill" President Trump's spending bill. Musk recently threatened to support lawmakers who oppose the bill in primary elections, calling it a "disgusting outrage" and signaling a major shift in his stance toward the Trump administration.

 

The entrepreneur has just concluded his term as a special employee at the Trump administration's "Department of Government Efficiency" (DOGE). According to two sources, Musk had hoped to extend his tenure at the White House but was rejected.  

 

After Musk publicly criticized Trump's tax reform bill, Trump said he was disappointed in his former advisor. Speaking to reporters during a meeting with German Chancellor Scholz on Thursday, Trump stated that Musk was primarily upset about the bill's reduction of electric vehicle tax credits.  

"I canceled his electric vehicle mandate, the policy that forced everyone to buy electric vehicles that no one else wanted, and he knew I would do it months ago! And now he's gone crazy," Trump posted on Truth Social.  

 

Nvidia ranked second, closing down 1.36% with a trading volume of $32.082 billion. Sources indicate that Nvidia plans to launch the GeForce RTX 5050 desktop graphics card in July, with the laptop GPU expected to be released simultaneously, similar to the previous RTX 5060 series.

 

The RTX 5050 will be the smallest known dGPU based on the "Blackwell" architecture-the debut of GB207 on the desktop platform, expected to feature a full 2,560 CUDA cores on GB207, 8GB of video memory, and a power consumption of 130W.  

 

Palantir ranked third, closing down 7.77% with a trading volume of $16.315 billion. A Bank of America noted that for stocks focused on AI applications such as Microsoft, Google, Amazon, APPlovin, and Palantir, after rebounding strongly from their April 2025 lows, this upward momentum may far from be exhausted.  

 

Apple ranked fourth, closing down 1.08% with a trading volume of $11.071 billion. Recently, Apple released the second App Store Global Ecosystem Research Report commissioned by the company, which states that the Apple App Store ecosystem generated $1.3 trillion in global revenue last year, with 90% of it not subject to commission.  

 

Amazon ranked fifth, closing up 0.33% with a trading volume of $10.826 billion. A list of supported devices shows that Apple's upcoming iOS 26 operating system will support at least the iPhone 11 and newer models. 

 

Microsoft ranked seventh, closing up 0.82% with a trading volume of $9.365 billion. Microsoft recently announced changes to Microsoft 365 application update channels in the Microsoft 365 admin center dashboard, labeled as a "major change." Currently, Microsoft delivers M365 app updates through four channels: Current Channel, Monthly Enterprise Channel, Semi-Annual Enterprise Channel (Preview), and Semi-Annual Enterprise Channel.  

 

Meta Platforms ranked eighth, closing down 0.48% with a trading volume of $8.647 billion. Meta Platforms recently announced it will invest billions of dollars to support the operation of a nuclear power plant in Illinois until 2047. The plant, located in central Illinois, has an installed capacity of 1.1 gigawatts. Notably, the electricity generated will still be fed into the local power grid and will not directly supply Meta's data centers.  

 

CoreWeave ranked ninth, closing down 17.20% with a trading volume of $7.203 billion. Before Thursday's sharp decline, CoreWeave's stock price had risen continuously, but institutions have pointed out that the company faces high debt, a staggering cash burn rate, and uncertain long-term demand for cloud computing services.

 

Last week, Barclays downgraded CoreWeave from "overweight" to "hold," stating that while it is bullish on the stock long-term, short-term upside is limited.  

 

Strategy ranked 12th, closing down 2.46% with a trading volume of $4.394 billion.  

 

Circle Internet Group, a stablecoin issuer, ranked 15th, surging 168.48% with a trading volume of $3.941 billion. The company went public on the New York Stock Exchange on Thursday at $69.5 per share, a 124.19% jump from its $31 IPO price. Earlier reports showed its original opening price range was set at $50–$52.

 

The IPO issued a total of 34 million shares (10 million more than originally planned), and due to strong demand, the final price exceeded the initial range, successfully raising $1.1 billion. Based on fully diluted valuation, Circle's current market capitalization is between $6.8 billion and $8 billion.

 

Costco ranked 19th, closing down 3.89% with a trading volume of $3.339 billion. The company's May retail data showed a 4.3% increase in global same-store sales, with 4.1% growth in the US, 3.3% in Canada, and 6.3% in international markets.