U.S. Stock Market Top 20 by Trading Volume: NVIDIA Hits New High, Cloud Revenue Poised to Exceed $10 Billion

On Thursday, NVIDIA, the top-traded stock, rose 0.46% to a new record high with $30.593 billion in trading volume, reaching a market cap of $3.78 trillion.  

 

NVIDIA’s DGX Cloud service, launched two years ago, is growing rapidly, with UBS analysts estimating annual revenue could surpass $10 billion. NVIDIA has also invested in emerging cloud firms like CoreWeave and Lambda, with CoreWeave, listed in March, projected to hit $5 billion in revenue this year.  

 

NVIDIA CEO Jensen Huang predicted that robotics, especially humanoid robots, will be the company’s strongest growth engine after AI, with fully autonomous vehicles based on AI training/inference systems as the first major commercial application.  

 

Tesla, second, fell 0.54% with $26.125 billion in volume. Its Robotaxi debut revealed technical flaws in commercialization.

 

On June 25, Tesla’s first public autonomous taxi test rides in Austin, Texas, sparked industry concerns after videos showed issues like lane misjudgments, unsafe stops, and erratic lane changes, casting a shadow over its autonomous driving strategy.  

 

Amazon, third, rose 2.42% with $10.832 billion in volume. Reports suggest Amazon founder Jeff Bezos is warming to President Trump after a fallout with Elon Musk, as Bezos’ Blue Origin competes with Musk’s dominant SpaceX, which has secured most NASA contracts recently.  

 

Insiders say Bezos spoke with Trump at least twice this month, with Blue Origin executives expressing hopes for more government contracts.  

 

Microsoft, fourth, gained 1.05% with $10.654 billion in volume. Microsoft opened its first AI co-innovation lab focused on manufacturing innovation at the University of Wisconsin-Milwaukee, a collaboration with the Wisconsin Economic Development Corporation, the university, and TitletownTech.  

 

Apple, fifth, dipped 0.28% with $10.128 billion in volume. JPMorgan lowered Apple’s price target from $240 to $230.  

 

Coinbase Global, sixth, surged 5.54% with $10.107 billion in volume. The company announced the launch of US Perpetual-Style Futures, including nano Bitcoin (0.01 BTC) and nano Ethereum (0.10 ETH) contracts, on July 21, 2025, offering CFTC-regulated crypto derivatives to U.S. traders, eliminating offshore exchange risks.  

 

Meta, seventh, rose 2.46% with $10.055 billion in volume. Reports say Meta poached three OpenAI researchers for its “superintelligence” team, despite OpenAI CEO Sam Altman accusing Mark Zuckerberg of employee poaching.

 

A U.S. federal court ruled Meta’s use of millions of books to train its Llama AI model as “fair use,” a major win for tech firms.  

 

Circle Internet, ninth, gained 7.56% with $9.801 billion in volume, rebounding after two days of declines. Two Prime’s CEO Alexander Blume noted Circle’s recent high valuation, calling the pullback a “rational correction.”  

 

Micron, eleventh, fell 0.98% with $7.821 billion in volume. Micron’s Q4 revenue and profit guidance beat expectations, with Q3 revenue hitting a record $9.3 billion, up 37% year-over-year, surpassing the $8.9 billion forecast, and adjusted EPS of $1.91 beating the $1.60 estimate, driven by record-high DRAM chip sales.  

 

Google’s Class A shares, thirteenth, rose 1.68% with $5.457 billion in volume. Google DeepMind launched AlphaGenome, an AI model to predict how human DNA variations affect gene regulation, analyzing up to 1 million DNA base pairs and assessing thousands of molecular traits. UCL’s Professor Mark Mansour said the tool could aid research into diseases like cancer.  

 

Super Micro Computer, sixteenth, rose 5.71% with $3.483 billion in volume, up over 20% over three consecutive trading days.  

 

Equinix, nineteenth, fell 9.56% with $2.996 billion in volume. The data center operator forecast lower-than-expected revenue growth and anticipates significant long-term investments to meet AI demand.$NVDA $TSLA $AMZN $MU $SMCI $EQIX