Top 20 in US stock trading volume: Circle Surges for Two Consecutive Days After Listing

On Friday, Tesla ranked first in U.S. stock trading volume, closing 3.82% higher with a trading volume of $48.41 billion. The stock plummeted by more than 14% on Thursday. A White House source said that Trump has no plan to call Musk for the time being.  

 

Analysts at Goldman Sachs have lowered their delivery and earnings per share expectations for Tesla. It is reported that due to weak monthly data in key regions such as China, the United States, and Europe, as well as poor consumer survey data on Tesla, Goldman Sachs expects delivery volume in the second quarter of 2025 to be only 365,000 vehicles, compared with the previous forecast of 410,000 vehicles.

 

Annual delivery expectations have also been significantly lowered: 1.575 million vehicles in 2025 (previously 1.7 million), 1.865 million vehicles in 2026 (previously 1.95 million), and 2.15 million vehicles in 2027 (previously 2.2 million).  

 

Ranking second was NVIDIA, which closed 1.24% higher with a trading volume of $21.725 billion. It is reported that NVIDIA is significantly strengthening its lobbying efforts with the U.S. government. According to reports, NVIDIA invested nearly one million U.S. dollars in the three months of the first quarter of 2025 to create favorable export control conditions and strive to sell its advanced AI chips to foreign countries.

 

This move is mainly in response to the strict controls imposed by the U.S. government on NVIDIA's exports of high-performance AI chips.  

 

In third place was Palantir, closing 6.51% higher with a trading volume of $10.891 billion. The company's CEO, Alex Karp, said that artificial intelligence will bring major risks, and the ultimate winner of the current AI arms race can only be one of two major countries. He said, "This technology will have both positive and negative consequences," but there can only be one winner.  

 

Karp emphasized that the United States currently has an advantage because its enterprises actively embrace new technologies but pointed out that Western allies (especially European countries) have fallen behind and must emulate the U.S. approach.  

 

He also responded to recent media reports that Palantir assisted the Trump administration in collecting data on U.S. citizens. He denied the accusation, saying, "We have not monitored U.S. citizens."  

 

Ranking fourth was Broadcom, which closed 5.00% lower with a trading volume of $10.239 billion. Broadcom's revenue in the second fiscal quarter hit a record high, with EPS continuing to grow by more than 40%, exceeding expectations.

 

AI revenue grew by 46% in the quarter, significantly slowing down from the 77% growth rate in the previous quarter. Broadcom expects AI chip revenue to increase for the tenth consecutive quarter in the third quarter and accelerate to $5.1 billion, but it is still 3.7% lower than the high expectations of some analysts.  

 

In fifth place was Apple, closing 1.64% higher with a trading volume of $9.46 billion. Apple was exposed to launching its own gaming app at this year's Worldwide Developers Conference. The app is expected to be an integrated game launcher, integrating in-game achievements, leaderboards, social functions, etc., and may be pre-installed on multiple Apple hardware devices.  

 

In recent years, due to the resistance of gaming companies and the pressure from regulators, Apple's App Store and commission model have been restricted in Europe, the United States, and other places.

 

The App Store has gradually lost its monopoly position in iOS and other systems and is facing competition with third-party platforms. Against this background, news that Apple will launch its own gaming channel may be its response to this situation.  

 

Ranking sixth was Amazon, closing 2.72% higher with a trading volume of $8.373 billion. 

 

In eighth place was Microsoft, closing 0.58% higher with a trading volume of $7.109 billion. Microsoft CEO Satya Nadella recently said that as both companies develop, the partnership between Microsoft and OpenAI is evolving, but their alliance remains strong.

 

Nadella pointed out that as OpenAI transforms from a pure research laboratory into a commercial giant, the evolution of the cooperation model is a natural trend.  

 

Nadella revealed that Microsoft can obtain corresponding revenue shares whenever users use ChatGPT.  

 

Ranking ninth was stablecoin issuer Circle Internet Group, closing 29.40% higher, continuing the previous day's rapid increase of more than 160%, with a trading volume of $6.46 billion. The company went public on the New York Stock Exchange at $69.5 per share on Thursday, a 124.19% surge from the IPO price of $31. Previous data showed that its original opening price range was set at $50-52.  

 

A total of 34 million shares were issued in this IPO (10 million more than originally planned), and due to strong subscription, the final pricing exceeded the initial range, successfully raising $1.1 billion. Based on fully diluted valuation, Circle's current market value ranges between $6.8 billion and $8 billion.  

 

In tenth place was Google's Class A shares, closing 3.25% higher with a trading volume of $6.157 billion. Google launched an updated preview version of the large model Gemini 2.5 Pro (0605) on Friday and said it would become an official stable version in a few weeks, suitable for enterprise-level applications. Gemini 2.5 Pro is Google's flagship model series.  

 

Ranking twelfth was Canadian yoga apparel manufacturer Lululemon Athletica, which closed 19.80% lower with a trading volume of $4.277 billion. The company announced its first-quarter results for fiscal year 2025, with net revenue increasing by 7% year-on-year to $2.37 billion, slightly higher than analysts' expected $2.36 billion; net profit was $314 million, lower than $321 million in the same period last year.  

 

Lululemon's downward revision of its annual profit forecast caused a stir in the market. The company expects annual revenue to be $11.15 billion to $11.3 billion, lower than analysts' expected $11.24 billion; earnings per share are expected to be adjusted to $14.58-14.78, compared with the previous $14.95-15.15, and analysts expected $14.89.

 

The earnings report pointed out that tariffs imposed by the United States in April increased the cost of doing business in the U.S., which may lead to a significant decline in profitability, which is the key factor for the downward revision of performance expectations.  

 

In sixteenth place was CoreWeave, closing 3.78% higher with a trading volume of $3.317 billion. The stock has risen 25.9% this week.