Top 20 U.S. Stocks by Trading Volume: AMD's stock price surged 8.8%. Analysts are optimistic about its latest product release
On Monday, Tesla ranked first in U.S. stock trading volume, closing up 1.17% with a trading volume of $27.284 billion.
The Trump administration is taking measures to make it easier for automakers to deploy autonomous vehicles, benefiting Tesla and its competitors in launching driverless taxis (Robotaxi) on U.S. roads. On June 13, the National Highway Traffic Safety Administration (NHTSA) announced on its website that it would "simplify" the safety exemption process for driverless vehicles.
It was reported on Monday that Tesla's Robotaxi real vehicle will start trial operation on June 22.
NVIDIA ranked second, closing up 1.92% at $144.69, approaching the all-time closing high of $145.00 set on June 12, with a trading volume of $26.32 billion. NVIDIA founder and CEO Jensen Huang met with German Chancellor Olaf Scholz on Friday to discuss cooperation between NVIDIA and Deutsche Telekom, planning to develop Europe's first industrial artificial intelligence cloud. Under the cooperation agreement, NVIDIA will provide 10,000 of its latest generation Blackwell GPUs for the new facility.
Germany was the last stop of Huang's European tour. Last week, he visited the UK and France successively to launch a fierce "AI offensive". At London Tech Week, Huang announced the establishment of an AI lab in the UK. During the VivaTech summit in Paris, he said NVIDIA is building more than 20 "AI super factories" in Europe, which will boost the region's AI computing power by 10 times in the next two years.
AMD ranked third, closing up 8.81% with a trading volume of $12.617 billion. The stock surged on Monday after Piper Sandler analysts expressed optimism about AMD's latest product launch and raised their price target.
Analysts said they expect AMD's graphics processing unit (GPU) business to rebound in the fourth quarter, when the chipmaker is expected to have largely completed an $800 million charge related to new U.S. export licensing requirements for chips to China and other countries.
"Overall, we are excited about the products AMD launched this week, especially the Helios rack, which we believe is crucial to the growth of the AMD Instinct series," the analysts wrote in the report.
Piper Sandler raised its price target on AMD to $140 from $125.
Palantir ranked fourth, closing up 2.92% to an all-time high, with a trading volume of $11.396 billion. The stock has risen about 87% year to date.
Meta Platforms ranked fifth, closing up 2.90% with a trading volume of $9.57 billion. The stock has broken through the all-time closing high set on June 10.
Microsoft ranked eighth, closing up 0.88% with a trading volume of $7.446 billion. Microsoft has developed a data protection plan for European cloud customers, and Wells Fargo raised its price target on Microsoft to $565.
Amazon ranked ninth, closing up 1.89% with a trading volume of $7.123 billion. Amazon Ads and Roku announced a new partnership on Monday, through which Amazon DSP will exclusively provide advertisers with the largest certified connected TV (CTV) coverage in the U.S. Based on ComScore data, the partnership will reach approximately 80 million U.S. CTV households, covering more than 80% of CTV households nationwide.
Circle Internet ranked 10th, closing up 13.10% with a trading volume of $6.73 billion.
Alphabet's Class A shares ranked 12th, closing up 1.20% with a trading volume of $4.804 billion. It is reported that the U.S. Department of Justice (DOJ) is conducting an antitrust review of Alphabet's proposed $32 billion acquisition of cybersecurity start-up Wiz. The DOJ's antitrust division is concerned that the deal may unlawfully restrict market competition. The review is still in its early stages, and the outcome will directly affect whether the U.S. federal government approves the transaction. Alphabet announced the acquisition in March and plans to integrate Wiz into its Google Cloud division.
Coinbase Global ranked 17th, closing up 7.77% with a trading volume of $3.062 billion. Bank of America downgraded CoreWeave from "Buy" to "Neutral", believing that even after raising the price target, the cloud computing specialist's valuation has largely reflected most of the upside. The stock has risen more than 280% since its IPO on March 28.