Top 20 U.S. Stock Turnovers: Tesla Rises for Fourth Straight Day, Musk Apologizes to Trump
On Wednesday, Tesla ranked first in U.S. stock turnover, closing up 0.10% for the fourth consecutive trading day, with a turnover of $39.918 billion. In the early morning of the 11th Eastern Time, Tesla CEO Elon Musk stated on his social media platform "X" that he regretted some posts about U.S. President Trump last week, calling the content "over the line."
Musk and Trump publicly clashed on social media last week over the Republican-led budget bill. Trump said Musk was extremely disrespectful to the presidency.
Previously, Musk posted on "X" criticizing the large-scale tax and spending bill promoted by the U.S. government and attacking Trump. He also claimed that without him, Trump would have lost the 2024 presidential election, accusing Trump of ingratitude.
Musk even reposted content related to Jeffrey Epstein's old news before deleting it. Trump responded that the allegations about Epstein were old stories and denied any association with him.
On June 11 local time, U.S. President Trump responded to Musk's apology, saying, "I think it's very good that he did that."
The second place was NVIDIA, down 0.78% with a turnover of $23.846 billion. NVIDIA is collaborating with multiple European countries and technology and industry leaders to build the Blackwell AI infrastructure.
The company's CEO Jensen Huang said on Wednesday that "quantum computing is reaching a turning point," and "we are within reach" of using quantum computers in fields "capable of solving some interesting problems" in the coming years.
The third place was Palantir, up 2.70%, hitting an all-time intraday and closing high, with a turnover of $13.225 billion. During Wednesday's trading, the stock price first touched $140.
The fourth place was Amazon, down 2.03% with a turnover of $8.36 billion. Amazon announced three AI-driven innovative initiatives on Wednesday to deliver packages to customers faster. In addition, insiders said Amazon would restructure its grocery business.
The sixth place was Meta Platforms, down 1.18% with a turnover of $6.651 billion. Meta Platforms launched an AI video editing feature on its AI app. Recently, the company tested a new private messaging feature on the social media platform Threads. Meta Platforms said users can now use preset AI video editing prompts to easily adjust clothing, locations, lighting, etc., and then share or post the edited videos.
The seventh place was Broadcom, up 3.38% with a turnover of $6.153 billion. Broadcom's stock price has risen by more than 70% in two months, with its market value once exceeding $1 trillion, ranking among the top in U.S. stock market values.
This rally is mainly driven by the rapid growth of Broadcom's custom AI chip business for large tech companies. Facing the hot and expensive NVIDIA AI chips, some large tech companies are actively seeking alternatives, and custom AI chips have become their increasingly favored choice.
UBS analyst Timothy Arcuri said: "Broadcom is expected to win in multiple aspects because hyperscale customers are seeking to use custom ASICs (we believe the vast majority will be manufactured by Broadcom) or combine AMD and NVIDIA GPUs to build large heterogeneous computing clusters."
The eighth place was Google's Class A shares, down 0.70% with a turnover of $5.621 billion. It was reported on Wednesday that Google appointed Kavukcuoglu as the new chief AI architect.
The 11th place was CoreWeave, down 3.36% with a turnover of $3.756 billion.
The 12th place was U.S. nuclear energy company OKLO, up 29.48% with a turnover of $3.55 billion. The company said on Tuesday that the U.S. Nuclear Regulatory Commission (NRC) has begun reviewing the company's special report.
This marks Oklo's continued progress in laying the regulatory foundation for a faster licensing path to support its broader commercialization goals.
The launch of this review comes after Oklo recently entered the NRC's readiness assessment review for the first phase of its combined license application. The combined license application is a one-step application, and upon NRC approval, Oklo will be authorized to operate the Aurora power plant.
The 15th place was Intel, down 6.34% with a turnover of $3.05 billion. In terms of news, at the 2025 Global Developers Conference, Apple announced that the upcoming macOS 26 Tahoe will be the last version to support Intel chips.
Apple's macOS operating system plans to stop supporting Intel chips next year, marking the official end of the two-decade partnership between the two sides.
The 18th place was TSMC, up 0.77% with a turnover of $2.861 billion. In terms of news, AI demand remains strong, and TSMC's sales still maintain high growth, but the pace has slowed down. At last week's shareholders' meeting, TSMC's director and president Wei Zhejia said that the sales growth rate in 2025 is expected to be in the mid-20% range in U.S. dollars, and profits will hit a record high.