Top 20 U.S. Stocks by Trading Volume:Nvidia Breaks $3.9t Market Cap

Tuesday, U.S. stock trading volume leader Tesla rose 1.32%, with a turnover of $306.57 billion. Elon Musk’s long-time supporter, renowned investor “Wood Sister” Cathy Wood, recently reaffirmed her support for the Tesla CEO.  

 

Wood noted that Musk’s recent decision to personally oversee Tesla’s sales operations in the U.S. and Europe signals his renewed focus on company operations during a critical turning point.

 

She added, “One thing Musk recently announced is that he’ll personally handle sales in the U.S. and Europe. When he focuses and steps in himself, things generally get done.”  

 

Additionally, Musk posted on X Tuesday, saying, “If Trump doesn’t release the Epstein files, how can people expect to trust him?”  

 

A user asked, “Is exposing the Epstein files a priority for the ‘America First’ party?” Musk replied with a “percent” emoji, signaling agreement.  

 

Second-place Nvidia rose 1.11% to $160, hitting a record closing high, with a turnover of $218.44 billion and a market cap exceeding $3.9 trillion.

 

As Nvidia’s stock continues to climb, Citibank became the latest to raise its target price, citing growing sovereign nation demand for AI infrastructure as a driver for further expansion.  

 

Citibank raised Nvidia’s target price to $190 per share. This upgrade comes as Nvidia’s market cap nears $4 trillion, with its stock up 12% in the past month.  

 

Citibank analysts said they believe Nvidia will capture a larger share of the expanding data center infrastructure total addressable market (TAM).  

 

“We estimate that sovereign nation demand alone could contribute billions in revenue in 2025,” analysts Atif Malik and Papa Sylla wrote in the report. “This is expected to grow further by 2026.”  

 

Third-place Datadog fell 4.25%, with a turnover of $126.02 billion. A recent Wedbush Securities report highlighted the company’s inclusion in the S&P 500 as a major milestone. Based on optimism about Datadog’s market outlook, Wedbush raised its target price from $140 to $170 per share, reaffirming its industry-leading position.

 

The report also noted that the company’s partnership with OpenAI could create strategic synergies amid the global wave of generative AI adoption.  

 

Fourth-place Amazon fell 1.84%, with a turnover of $99.51 billion. A Tuesday report pointed out that Amazon incurs massive costs quarterly for its AWS business.  

 

Fifth-place Apple rose 0.03%, with a turnover of $88.53 billion. Apple has decided to take on the European Commission head-on. Two months after a €500 million fine from the EU, Apple filed an appeal with the General Court of the EU before the deadline, aiming to defend App Store dominance.  

 

Apple provided media with a fiery statement, calling the EU’s fine “unprecedented” and arguing that the ruling and penalty far exceed legal requirements.  

 

Apple said externally, “As our appeal will show, the European Commission is dictating how we run our store and imposing confusing, user-unfriendly business terms on developers.”  

 

Seventh-place Google A-class shares fell 1.37%, with a turnover of $67.73 billion. Epic Games’ head announced Tuesday a settlement in its antitrust lawsuit against Samsung, though Google remains a defendant in related claims.  

 

Ninth-place Meta Platforms rose 0.32%, with a turnover of $55.74 billion. An Apple AI model executive is jumping ship to Meta Platforms, another setback for the iPhone maker’s struggling AI efforts.

 

Insiders reveal that Ruoming Pang, a standout engineer and manager from Apple’s foundation model team, who joined from Alphabet Inc. in 2021, is set to leave and join Meta’s new super-intelligence team.  

 

Tenth-place Robinhood Securities fell 2.34%, with a turnover of $55.23 billion. CEO Vlad Tenev said the company is negotiating with regulators over issuing tokenized stocks in Europe, following criticism from companies including OpenAI.  

 

California-based Robinhood announced last week that retail investors using its app in the EU can now trade tokens representing U.S. stocks on the blockchain, including some for unlisted companies like OpenAI. OpenAI, led by Sam Altman, later warned traders that these “tokens” aren’t company equity.  

 

Eleventh-place AMD rose 2.24%, with a turnover of $49.52 billion. Citibank raised AMD’s target price from $120 to $145.  

 

Fourteenth-place JPMorgan fell 3.15%, with a turnover of $43.59 billion. As a record rally pushes bank stocks near all-time highs, HSBC has taken a cautious stance on the three major U.S. banks.  

 

Analyst Saul Martinez wrote in a report downgrading JPMorgan, Goldman Sachs, and Bank of America, “Downside risks tied to lingering macro uncertainty, potential economic slowdown, and 2025-2026 rate cuts are not fully reflected in current stock prices.”  

 

He also noted, “Repricing of fixed-rate assets, solid credit quality, improved investment banking activity, and a favorable regulatory environment are already well priced in.”  

 

Martinez downgraded JPMorgan and Goldman Sachs from “hold” to “reduce,” and Bank of America from “buy” to “hold.”  

 

Amid the downgrade, the KBW Bank Index ended an 11-day winning streak Monday—the longest in its history—now about 2% below its January 2022 peak.  

 

Fifteenth-place Bank of America fell 3.10%, with a turnover of $41.47 billion.  

 

Twentieth-place Micron rose 3.75%, with a turnover of $32.41 billion. Following Samsung and SK Hynix, Micron will join Nvidia’s GeForce RTX 50 series “Blackwell” architecture as a GDDR7 memory supplier.  

 

Micron’s publicly disclosed GDDR7 products use a 1β (1-beta) DRAM process node, with a 16Gb (2GB) density and equivalent rates of 28Gbps and 32Gbps.