U.S. Stock Market Top 20 by Trading Value: Musk Buys $1 Billion in Tesla Shares, Google Hits $3 Trillion

Tesla,the top stock by trading value on Monday, rose 3.62% with a trading value of $67.711 billion.

 

According to a Form 4 filing on Tesla’s website, CEO Elon Musk purchased 2.57 million Tesla shares for approximately $1 billion on Friday, September 12.

 

The filing shows Musk’s purchase prices ranged from $371.9 to $396.359 per share.

 

Verity data indicates such purchases are rare for Musk, with his last buy of about 200,000 shares on February 14, 2020, worth roughly $10 million. This is his largest purchase ever.

 

Nvidia, second in trading value, fell 0.04% with $25.736 billion traded. Nvidia faces a potential $5 billion fine.

 

On Monday afternoon China Standard Time, China’s State Administration for Market Regulation announced further investigation into Nvidia for violating anti-monopoly laws and a 2020 decision regarding its acquisition of Mellanox Technologies.

 

Per China’s Anti-Monopoly Law and the 2020 decision, Nvidia could face fines of 1%-10% of its prior year’s China revenue, up to $1.04 billion based on 2023’s $10.4 billion. In severe cases, such as repeated violations or significant market harm, fines could double to $5 billion.

 

Google’s Class A shares, third in trading value, rose 4.53% with $14.352 billion traded. Alphabet, Google’s parent, became the fourth U.S.-listed company to surpass a $3 trillion market cap, after Citi raised its target price from $225 to $280.

 

Oracle, fourth in trading value, rose 3.41% with $11.434 billion traded. Management disclosed that Oracle Cloud Infrastructure revenue will hit $10.2 billion in fiscal 2025 (ending June), $32 billion in 2026, and $144 billion by 2030, with a near 70% compound annual growth rate.

 

Goldman Sachs significantly raised Oracle’s target price from $195 to $310 in its latest report but maintained a neutral rating, citing delayed cash flow breakeven until fiscal 2029 due to heavy capital expenditure and unclear revenue growth visibility. Oracle’s current price is $292.18, with about 6% upside potential.

 

Apple, fifth in trading value, rose 1.12% with $10.052 billion traded. Bank of America maintained a buy rating with a $270 target price.

 

Palantir, ninth in trading value, fell 0.13% with $7.645 billion traded.

 

AMD, 12th in trading value, rose 1.63% with $5.845 billion traded. Musk recently stated on social media that AMD’s AI hardware performs “quite well” for small-to-medium AI models, signaling its competitive potential in the AI market.

 

CoreWeave, 13th in trading value, rose 7.60% with $4.436 billion traded. CoreWeave announced a new $6.3 billion order agreement with Nvidia, building on an April 10, 2023, deal. The agreement provides reserved cloud capacity for CoreWeave’s clients, with Nvidia purchasing unused data center capacity.

 

Under the terms, Nvidia commits to buying CoreWeave’s unsold capacity from 2025 to April 13, 2032, provided CoreWeave meets delivery and service availability conditions. This boosts CoreWeave’s capacity utilization and supports Nvidia’s AI and high-performance computing needs.

 

Alibaba, 16th in trading value, rose 1.92% with $3.667 billion traded. On September 15, southbound funds net bought HK$14.473 billion in Hong Kong stocks, including HK$5.285 billion in Alibaba-W. Southbound funds have net bought Alibaba for 17 consecutive days, totaling HK$46.80889 billion.

 

OpenTable, 19th in trading value, rose 4.69% with $3.15 billion traded.