Top 20 U.S. Stocks by Trading Volume: ASML Warns of Potential Growth Stagnation

On Wednesday, Tesla, the top U.S. trade by volume, closed up 3.50% at $30.728 billion. Late on July 16, Tesla’s website teased “Model Y L, see you this autumn,” hinting at a new model set for delivery this fall from its Shanghai Gigafactory.  

 

This flagship model is a six-seat luxury electric SUV with a wheelbase over 3 meters and length around 5 meters. As an all-wheel-drive vehicle with ultra-long range, expansive space, and premium interiors, it sits between the Model Y and Model X, with an estimated price of ~400,000 yuan, slated for fall delivery.  

 

Insiders also revealed that Elon Musk’s AI startup xAI is negotiating to lease data center capacity in Saudi Arabia, expanding into regions with cheap energy and favorable politics. The company is in early talks with two partners: Humain, a Saudi-backed AI firm offering gigawatt capacity, and another building a smaller 200-megawatt facility.  

 

Nvidia, the second-ranked trade, rose 0.39% to a new high with $26.969 billion in volume. On Tuesday, Nvidia announced it’s reapplying to export H20 GPUs, with U.S. assurances of license approval and plans for swift delivery. CEO Jensen Huang also unveiled the fully compatible Nvidia RTX PRO GPU, ideal for digital twin AI in smart factories and logistics.  

 

Apple, the third-ranked trade, gained 0.50% with $9.934 billion in volume. Yesterday, Apple announced a $500 million investment in U.S. rare earth miner MP Materials, signaling a push to expand domestic rare earth magnet production, alongside plans for new recycling and manufacturing plants.  

 

Morgan Stanley estimates Apple’s iPhone Q3 production at 50 million units, with the iPhone 17 slated for August shipment.  

 

Circle Internet, the fourth-ranked trade, surged 19.39% with $9.643 billion in volume. U.S. crypto stocks rallied Wednesday after the House passed a procedural vote on crypto legislation.  

 

AMD, the fifth-ranked trade, rose 2.87% with $9.242 billion in volume. Reports suggest AMD will resume MI308 chip exports to China, with the company stating: “We recently received notification from the Trump administration that our MI308 export license applications to China will advance to review. We plan to resume shipments post-approval.”

 

Wells Fargo raised AMD’s target price from $120 to $185.  

 

Meta Platforms, the sixth-ranked trade, fell 1.05% with $9.179 billion in volume. After a €200 million EU fine, Meta still falls short of the bloc’s strict digital regulations, with tensions escalating.  

 

The European Commission in Brussels revealed it sent a letter last week noting Meta’s “pay or consent” model (paying for an ad-free experience) needs further tweaks, setting the stage for formal warnings and potential periodic fines if unmet by the competition commissioner’s team.  

 

Amazon, the seventh-ranked trade, dropped 1.40% with $8.781 billion in volume. Bank of America removed Amazon from its “US 1 List” of top stock picks.  

 

ASML, the ninth-ranked trade, fell 8.33% with $8.014 billion in volume. Despite beating Q2 earnings with €5.90 per share (vs. €5.24 expected) and 23.2% revenue growth to €7.69 billion (vs. €7.55 billion expected), it lowered Q3 guidance to €7.4-7.9 billion (vs. €8.26 billion expected) and its fiscal 2025 outlook to €32.5 billion, a 15% rise (vs. €37.39 billion expected).  

 

CEO Christophe Fouquet said in the earnings statement: “Macroeconomic and geopolitical uncertainties persist. While we prepare for 2026 growth, we cannot confirm it at this stage.”  

 

Google Class A, the twelfth-ranked trade, rose 0.53% with $6.054 billion in volume. UBS raised Alphabet’s (GOOG) target price from $186 to $192.  

 

Coinbase Global, the thirteenth-ranked trade, gained 2.62% with $5.643 billion in volume. U.S. crypto stocks rose Wednesday after House Financial Services Chair Patrick McHenry said there are enough votes to advance stablecoin legislation, with support for three crypto measures.

 

Robinhood, the fourteenth-ranked trade, rose 3.73% with $5.597 billion, and Strategy, the fifteenth-ranked, gained 3.07% with $4.73 billion.  

 

Johnson & Johnson, the twentieth-ranked trade, surged 6.19% with $3.594 billion in volume.

 

Outpacing Wall Street with Q2 revenue of $23.7 billion (vs. $22.8 billion expected) and adjusted EPS of $2.77 (vs. $2.68 expected), it raised its 2025 revenue outlook to $93.4 billion (up $2 billion) and adjusted EPS to $10.80-10.90 (up $0.25), showing confidence amid Trump’s tax and drug price threats.