Top 20 U.S. Stocks by Trading Volume: H20 Chip Ban Lifted, Nvidia Hits New High

On Tuesday, Nvidia, the top U.S. trade by volume, closed up 4.04%, reaching an all-time high with $39.178 billion in trading volume and a market cap of $4.165 trillion.  

 

Nvidia CEO Jensen Huang announced that the U.S. government has approved export licenses for the H20 chip, with shipments set to begin soon. This development, just three months after the April sales ban, has sparked widespread industry attention.  

 

Designed as an AI accelerator for specific markets, the H20 chip is based on Nvidia’s Hopper architecture with CoWoS advanced packaging, tailored to comply with U.S. export controls.  

 

Beyond the H20 ban lift, Huang revealed plans to launch the new RTX Pro GPU, targeting computer graphics, digital twins, and AI, marking another key move into the Chinese tech market.  

 

Tesla, the second-ranked trade, fell 1.93% with $24.117 billion in volume. Local reports on Tuesday, citing insiders, revealed that a Tesla North American sales executive has departed, marking another high-level shakeup amid declining sales.  

 

Vice President of Sales, Service, and Delivery Troy Jones, who oversaw Tesla’s largest market—North America—after 15 years with the company, has left.  

 

This follows the departure of Omead Afshar, a senior Musk aide, less than a month ago. Afshar had been promoted less than a year ago to oversee all North American and European sales and manufacturing.  

 

AMD, the third-ranked trade, rose 6.41% with $14.308 billion in volume. Hours after Nvidia’s H20 export approval, AMD confirmed it will resume MI308 chip exports, with license applications entering review and expected to be approved.  

 

Meta Platforms, the sixth-ranked trade, dropped 1.46% with $8.212 billion in volume. Meta may face another clash with the EU after a €200 million ($232 million) fine failed to align Facebook and Instagram with the EU’s strict new digital regulations.  

 

EU commissioners sent a letter to the social media giant last week, warning that its paid or consent model—allowing ad-free experiences for a fee—needs further adjustments.  

 

Failure to meet the demands of Competition Commissioner Teresa Ribera and Digital Policy Commissioner Henna Virkkunen’s team could pave the way for formal warnings and eventual periodic fines. Meta was first penalized in April for violating the Digital Markets Act.  

 

Coinbase Global, the ninth-ranked trade, fell 1.52% with $6.526 billion in volume. Argus recently gave Coinbase a “buy” rating, citing its robust growth and the recently passed GENIUS Act as a potential catalyst for business expansion.  

 

Analysts Kevin Heal and Masako Inagaki noted in their report that Coinbase’s ongoing R&D and strategic acquisitions could boost daily active users, though they cautioned that the current valuation exceeds fundamentals.  

 

Strategy, the tenth-ranked trade, declined 1.93% with $6.332 billion in volume. Data shows that as of July 14, 2025, Eastern Time, the weekly net inflow of Bitcoin allocations by global listed companies was $628 million.

 

Strategy resumed Bitcoin purchases last week, investing $472.5 million to acquire 4,225 BTC at $111,827, bringing its total holdings to 601,550 BTC.  

 

UnitedHealth, the thirteenth-ranked trade, fell 2.95% with $4.606 billion in volume. Reports indicate the U.S. Justice Department is investigating UnitedHealth’s medical billing, focusing on diagnostic documents.

 

UnitedHealth responded that a special reviewer found no evidence of overbilling or misconduct.  

 

MP Materials, the sixteenth-ranked U.S. rare earth producer, surged 19.99% with $4.298 billion in volume. Sources reveal Apple plans to invest $500 million in MP Materials, the only active rare earth company in the U.S.  

 

Under the agreement, Apple will procure domestically produced rare earth magnets from MP’s Texas facility and co-build two new plants: a magnet manufacturing base in Fort Worth, Texas, and an e-waste recycling center in Mountain Pass, California, using recycled materials for future Apple products.  

 

Just days ago, the U.S. Department of Defense announced a $400 million investment in MP Materials to strengthen domestic supply chains and reduce reliance on China.  

 

Wells Fargo, the seventeenth-ranked trade, dropped 5.48% with $4.216 billion in volume. The bank reported $11.7 billion in Q2 net interest income (NII), slightly below the consensus $11.8 billion forecast. It also lowered its full-year NII growth target to align with last year, down from the prior 1-3% range.  

 

The CFO expects further commercial real estate losses but within expectations.  

 

Alibaba, the eighteenth-ranked trade, rose 8.09% with $3.973 billion in volume. Popular Chinese ADRs rallied on Tuesday.  

 

The Trade Desk, the nineteenth-ranked trade, gained 6.59% with $3.61 billion in volume.

 

On Monday, S&P Dow Jones Indices announced that The Trade Desk will replace Ansys in the S&P 500 before Friday’s open, following Synopsys’ acquisition of Ansys, expected to close Thursday. The inclusion surprised markets given The Trade Desk’s $37 billion market cap.