Top 20 US Stock Trading Volumes: Stablecoin Leader Circle Surges 80% This Week

On Friday, Tesla, the top-traded stock, edged up 0.03% with a trading volume of $34.89 billion. Tesla is ramping up its energy storage push in China, signing a deal with Shanghai for its first grid-side energy storage project in mainland China, valued at 4 billion RMB. In 2024, Tesla’s global energy business grew rapidly, with 31.4 GWh of energy storage deployed worldwide. Q1 data shows a record 10.4 GWh in new global storage capacity, up 156.6% year-over-year.

 

Nvidia, the second most-traded, fell 1.12% with $34.71 billion in volume. Reports say Nvidia and Foxconn are in talks to deploy humanoid robots at a new Houston factory for producing Nvidia’s GB300 AI servers, aiming for operations by Q1 next year. Details on the robots’ type, design, or number remain unclear.

 

Stablecoin leader Circle, third in trading volume, soared 20.39% to a record closing high, with $21.09 billion traded. The stock jumped about 80% this week and has skyrocketed nearly 250% since its June 5 IPO.

 

Seaport initiated coverage on Circle Internet with a “Buy” rating and a $235 price target, citing an improving U.S. regulatory environment for crypto, which should drive a surge in stablecoin use among consumers and businesses.

 

Apple, fourth, rose 2.25% with $19.04 billion in volume. Reports indicate many Apple users are facing issues with Apple Intelligence, stuck in a loop of repeated updates, reviving old Siri animations, and causing some local tools to malfunction. The issue, emerging since Thursday, June 19, may stem from errors in Apple’s backend update push, spreading across regions and devices.

 

Microsoft, fifth, dipped 0.59% with $17.48 billion in volume. The company is reportedly planning another round of layoffs, potentially cutting thousands of jobs, with sales teams as the main focus. The announcement may come early next month after Microsoft’s fiscal year ends.

 

This follows a 6,000-job cut less than a month ago, primarily in product and engineering roles, with sales and marketing less affected. As of June 2024, Microsoft had 228,000 employees, including 45,000 in sales and marketing.

 

Amazon, sixth, fell 1.33% with $15.83 billion in volume. Amazon partnered with South Korea’s SK Group to invest $5 billion in Korea’s largest AI data center, set to break ground in September and be fully operational by 2029 with a 100 MW capacity.

 

Meta Platforms, seventh, dropped 1.93% with $15.25 billion in volume. Meta is reportedly in talks with former GitHub CEO Nat Friedman to join its AI team, alongside discussions with his NFDG partner Daniel Gross. The company is also negotiating a partial acquisition of NFDG.

 

Google’s Class A shares, eighth, slumped 3.59% with $12.62 billion in volume. On Thursday, EU Court of Justice Advocate General Juliane Kokott backed the European Commission’s antitrust ruling against Google, recommending the dismissal of Google’s final appeal and upholding a €4.12 billion fine. Google expressed “disappointment.” Separately, Turkey launched an antitrust probe into Google on Friday.

 

Palantir, ninth, fell 1.90% with $12 billion in volume.

 

Coinbase Global, 12th, jumped 4.43% with $9.58 billion in volume. The U.S. crypto exchange secured a Luxembourg license, enabling it to offer crypto services across the EU, with Luxembourg as its European hub. Its European headquarters has been in Ireland since 2023.

 

CoreWeave, 16th, surged 7.99% to a record high with $5.66 billion in volume. Since its March 28 IPO, the stock has climbed over 370%.