U.S. Stock Market Top 20 by Trading Value: Bank of America Downgrades Intel

Nvidia, the top stock by trading value on Tuesday, fell 4.40% to $180.03 with $36.809 billion traded, per the finance card above. Pressure came from OpenAI’s plan to develop its own AI chips and Oracle’s move to deploy 50,000 AMD AI chips, signaling efforts to reduce reliance on Nvidia.  

 

On October 13, OpenAI and Broadcom announced a strategic partnership to develop and deploy custom AI chips and systems with 10 gigawatts of power over four years.  

 

On October 14, Oracle Cloud Infrastructure said it will deploy 50,000 AMD GPUs starting in Q3 2026 to boost AI computing. Oracle’s Karan Batta noted strong customer adoption for AMD, especially in AI inference.  

 

Tesla, second in trading value, fell 1.53% to $429.24 with $30.844 billion traded, per the finance card above. On October 9, the NHTSA launched a probe into 2.88 million FSD-equipped Tesla vehicles after over 50 traffic violation reports and accidents. The agency cited issues like running red lights and improper lane changes, reviewing 58 reports involving 14 crashes and 23 injuries.  

 

AMD, third in trading value, rose 0.77% to $218.09 with $15.584 billion traded, per the finance card above. Oracle and AMD announced deepened ties, with Oracle Cloud Infrastructure deploying 50,000 AMD GPUs from Q3 2026, scaling further in 2027. The supercluster will use AMD’s “Helios” rack design with Instinct MI450 GPUs, AMD CPUs, and network cards.  

 

Palantir, sixth in trading value, rose 1.43% to $179.74 with $8.748 billion traded, per the finance card above.  

 

Broadcom, eighth in trading value, fell 3.52% to $344.13 with $7.587 billion traded, per the finance card above. Broadcom launched the world’s first Wi-Fi 8 chip ecosystem to advance AI edge networks. Morgan Stanley raised its target price from $382 to $409.  

 

Oracle, 12th in trading value, fell 2.93% to $299.00 with $5.084 billion traded, per the finance card above. Oracle is hosting a global AI conference in Las Vegas from Monday to Thursday, expected to launch a new AI database as it shifts from traditional software to AI infrastructure.  

 

TSMC, 13th in trading value, fell 2.29% to $295.94 with $4.88 billion traded. Analysts warn that rare earth export controls amid escalating trade tensions could significantly impact Taiwan’s semiconductor industry, potentially halting TSMC operations.  

 

OKLO, 15th in trading value, rose 1.83% to a record high with $4.547 billion traded, fueled by surging AI power demand driving a nuclear energy stock rally.  

 

Robinhood, 17th in trading value, fell 4.07% with $4.237 billion traded. VP JB Mackenzie said the company is open to acquisitions in the fast-growing prediction market space, which surged during last year’s U.S. election and now lets investors bet on everything from monetary policy to sports.  

 

 

Intel, 18th in trading value, fell 4.27% to $35.63 with $4.243 billion traded, per the finance card above. Bank of America downgraded Intel from “neutral” to “underperform,” keeping its $34 target, citing an $80 billion market cap surge overreflecting balance sheet improvements and foundry potential. Intel faces tough competition, lacking a clear AI product strategy, weak server CPU competitiveness, and challenges in divesting loss-making manufacturing.  

 

MP Materials, 19th in trading value, rose 3.78% to a record high with $3.854 billion traded, driven by rare earth sector strength.