U.S. Stock Market Top 20 by Trading Value: Nvidia Hits Record High, Market Cap Nears $4.5 Trillion
On Monday, Nvidia, the top-traded U.S. stock, rose 3.93%, hitting a record high with a market cap nearing $4.5 trillion and a trading volume of $48.411 billion.
Nvidia and OpenAI announced a partnership on Monday, including plans for massive data centers and Nvidia’s potential investment of up to $100 billion in OpenAI. Under the agreement, OpenAI will use Nvidia systems to build and deploy at least 10 gigawatts of AI data centers for training and running next-generation models, equivalent to the power consumption of 8 million U.S. households.
The second-ranked Tesla rose 1.91%, with a trading volume of $42.094 billion. Piper Sandler analyst Alexander Potter raised Tesla’s price target from $400 to $500, maintaining an “Overweight” rating. He noted that despite intense competition, Tesla remains a leader in real-world AI applications. Tesla was highlighted as a top investment pick in autonomous driving and robotics.
The third-ranked Apple rose 4.31%, with a trading volume of $26.654 billion. With strong iPhone 17 series sales, Wedbush raised Apple’s price target from $270 to $310 on Monday. Analysts said robust demand post-launch signals a “real upgrade cycle” after years of lackluster releases.
The fourth-ranked Oracle rose 6.31%, with a trading volume of $26.654 billion. On Monday, September 22, Oracle announced on its website the promotion of 39-year-old Clay Magouyrk and 54-year-old Mike Sicilia to co-CEOs.
Former CEO Safra Catz was named executive vice chair of the board. Analysts say this leadership shake-up signals Oracle’s focus on its rapidly expanding cloud computing business.
Magouyrk joined Oracle in 2014 from Amazon Web Services (AWS) and served as president of Oracle Cloud Infrastructure (OCI), being one of the founding members of the company’s cloud engineering development center.
The fifth-ranked Amazon fell 1.66%, with a trading volume of $10.227 billion. The U.S. National Labor Relations Board (NLRB) said on Monday that Amazon’s control over contract workers is “overwhelmingly oppressive.”
The eighth-ranked Meta Platforms fell 1.7%, with a trading volume of $8.968 billion. The company has applied to U.S. federal regulators for permission to enter the wholesale electricity market. According to its filing with the Federal Energy Regulatory Commission, Meta seeks authorization to sell electricity, capacity, and certain ancillary services.
For tech giants like Meta, Microsoft, and Google, securing more power has become an increasingly urgent challenge. These companies are racing to develop more advanced AI systems and tools, which are notoriously resource-intensive.
The 13th-ranked CoreWeave rose 6.70%, with a trading volume of $5.195 billion. Loop Capital initiated coverage on CoreWeave, assigning a “Buy” rating and a $165 price target.
The 15th-ranked Oklo rose 3.75%, with a trading volume of $4.992 billion. The stock surged over 28.8% on Friday after the U.S. Department of Energy announced the launch of its “Speed to Power” program.
The 16th-ranked TSMC rose 2.93%, with a trading volume of $4.228 billion. At a media event for the Dimensity 9500 launch on Monday, MediaTek executives said the company is preparing to produce chips at TSMC’s Arizona fab to meet specific North American customer needs and plan for potential future tariff changes.
The 19th-ranked BMNR fell 10.10%, with a trading volume of $3.639 billion. The company previously announced the pricing of a $365.24 million registered direct offering and related asset holdings.
