Top 20 U.S. Stocks by Trading Volume: Nvidia Breaks $4 Trillion Market Cap

First-place Tesla rose 4.73%, closing at $316.12 billion in turnover. CEO Elon Musk announced on Thursday via social media that the company plans to expand its Robotaxi service to the San Francisco Bay Area, targeting a launch within “one to two months,” pending regulatory approval. Following a limited rollout in Austin last month, Musk said Tesla will widen its Austin service this weekend.

 

He also revealed that xAI’s chatbot Grok will be integrated into Tesla vehicles within days, posting on X, “Grok will hit Tesla cars soon, at latest next week.” After a live video demo of the updated Grok, Musk and xAI team showcased enhanced voice features, claiming it outperforms models from OpenAI in tests.

 

Second-place Nvidia gained 0.75%, hitting a record high with a market cap surpassing $4 trillion and $272.42 billion in turnover. Goldman Sachs initiated coverage with a “Buy” rating and a $185 target price.

 

Analyst James Schneider highlighted Nvidia’s dominance in accelerated computing, with its CUDA software as the industry standard for AI development.

 

He noted Nvidia’s expanding client base—cloud providers, healthcare, and robotics firms—driving demand for next-gen GPUs, praising its rapid product cycle and commercialized AI platform versus competitors still refining theirs.

 

Despite recent gains, Schneider sees the valuation as attractive, forecasting strong performance over the next 12 months.

 

Third-place Apple rose 0.60%, with $93.99 billion in turnover. Tech leaker Mark Gurman revealed Apple may launch the first hardware upgrade to its Vision Pro mixed-reality headset this year, plus a new head strap to improve the criticized fit.

 

Launched in June 2023 and available since February 2024, the device aimed to usher in a new era for Apple and investors but has seen muted market response. Apple also named veteran Sabih Khan as Chief Operating Officer this month, overseeing supply chain operations since joining in 1995.

 

Fifth-place AMD climbed 4.15%, with $87.47 billion in turnover. Citi raised its target price to $145.

 

Ninth-place Coinbase Global rose 4.04%, with $64 billion in turnover. The company announced a partnership with AI-driven search startup Perplexity AI to launch a real-time cryptocurrency data service. Since OpenAI’s ChatGPT breakthrough, developers have explored integrating crypto and AI to boost automation.

 

CEO Brian Armstrong wrote on X, “Enhanced crypto features could be the catalyst for a 10x AI leap. I’m excited for seamless wallet-LLM integration—one step toward a permissionless digital economy.” He added that the service will help traders make better decisions with real-time, reliable crypto data.

 

Eleventh-place Netflix fell 2.93%, with $53.05 billion in turnover, set to report Q2 2025 earnings after U.S. markets close on July 17. Citi expects revenue and EBIT to slightly exceed forecasts due to forex tailwinds, with investor focus on ad-tier updates, subscription trends, and live content strategy. Citi maintains a “Neutral” rating with a $1,250 target.

 

Fourteenth-place Robinhood Securities rose 4.40%, with $47.05 billion in turnover. CEO Vlad Tenev said the company is negotiating with regulators over tokenizing stocks in Europe, following criticism from OpenAI. Last week, Robinhood enabled EU app users to trade tokenized U.S. stocks on blockchain, including unlisted firm tokens like OpenAI’s, which Sam Altman clarified are not equity.

 

Sixteenth-place MP surged 50.62%, with $38.75 billion in turnover, after a multi-billion-dollar deal with the U.S. Defense Department to build a rare earth magnet factory, speeding up the U.S. supply chain.

 

The Pentagon will invest $400 million for preferred shares, becoming the largest shareholder. MP, owner of the Mountain Pass rare earth mine—the only operating U.S. mine, 60 miles from Las Vegas—will expand processing and magnet production.

 

The Pentagon noted rare earth magnets are vital for F-35 jets, drones, and submarines. With 2023 U.S. Geological Survey data showing near-total reliance on imports (70% from Asia), rare earths are a trade dispute focal point. Interior Secretary Doug Burgum said in April that the Trump administration is considering direct investment in key mineral firms to reduce China dependence.

 

Nineteenth-place VRT dropped 5.96%, with $29.21 billion in turnover.

 

Twentieth-place Costco fell 1.21%, with $28.15 billion in turnover. Costco reported June retail sales up 8%, beating May’s 6.8%. Adjusted for gas prices and currency, five-week comparable sales rose 6.2%, with international growth at 8.2%, Canada at 7.9%, and the U.S. at 5.5%.

 

Analysts are divided. Evercore ISI’s Greg Melich called the 6% core comparable sales growth hard to ignore. Bank of America is optimistic, expecting July traffic to rise due to extended store hours and an extra Saturday hour. UBS remains neutral, noting sales growth slowed due to high gift card and precious metal bases, as anticipated by Michael Lasser’s team.

Let me know if you’d like adjustments!