U.S. Stock Market Top 20 by Trading Value: HSBC Predicts Nvidia’s Market Cap to Near $8 Trillion

Nvidia, the top stock by trading value on Wednesday, fell 0.11% to $179.83 with $38.304 billion traded, per the finance card above. HSBC upgraded Nvidia from “hold” to “buy,” citing AI sector growth, and raised its target price from $200 to $320, the highest on Wall Street. Based on Tuesday’s $180.03 close, this implies nearly 80% upside, potentially pushing Nvidia’s market cap to $8 trillion.  

 

Analyst Frank Lee said the AI GPU market will expand beyond hyperscale data centers, driving steady profit growth and significant earnings upside for fiscal 2027.  

 

Tesla, second in trading value, rose 1.38% to $435.15 with $30.899 billion traded, per the finance card above. With Q3 earnings due next week and tax credits gone, Wall Street is eager for Tesla’s demand outlook. Tesla launched “streamlined” lower-priced Model Y SUVs and Model 3 sedans to offset price hikes from the credit loss.  

 

Steve Greenfield of Automotive Ventures said traditional automakers retreating from EVs could boost Tesla’s market share, noting its “strong brand loyalty.”  

 

AMD, third in trading value, rose 9.40% to $238.60 with $25.161 billion traded, per the finance card above. AMD secured a major AI chip order from Oracle, signaling progress in catching Nvidia in the booming AI chip market.  

 

Oracle Cloud Infrastructure will deploy 50,000 AMD MI450 GPUs starting Q3 2026 in its Helios server racks with AMD CPUs, targeting Nvidia’s next-gen “Vera Rubin” AI chips.  

 

Broadcom, sixth in trading value, rose 2.09% with $7.906 billion traded. Its 10-gigawatt computing deal with OpenAI has analysts seeing it closing the gap with Nvidia and AMD in AI chips, spotlighting the “custom computing” race.  

 

Meta Platforms, ninth in trading value, rose 1.26% with $7.308 billion traded. Meta announced a $1.5 billion data center in El Paso, Texas, its 29th globally, to support AI computing, set to open in 2028 with up to 1 gigawatt capacity. It will create 100 permanent jobs, employ 1,800 construction workers at peak, and leverages El Paso’s robust power grid and tech workforce. Meta’s Texas investments now exceed $10 billion, with over 2,500 employees statewide.  

 

Google (GOOGL), 11th in trading value, rose 2.27% to $251.71 with $6.691 billion traded, per the finance card above. On October 14, Google announced an AI hub in Visakhapatnam, India, with gigawatt-scale computing power, investing $15 billion over five years—its largest in India—to accelerate AI adoption.  

 

TSMC, 12th in trading value, rose 2.96% to $304.71 with $6.186 billion traded, per the finance card above. Reports suggest Nvidia may overtake Apple as TSMC’s top client in 2025, ending Apple’s decade-long reign (25% of TSMC’s 2023 revenue, 22% in 2024). Nvidia’s AI chip demand is driving the shift.  

 

Bank of America, 16th in trading value, rose 4.37% to $52.28 with $3.649 billion traded, per the finance card above. Its Q3 profit rose 23% to $8.47 billion ($1.06/share vs. $0.95 expected), with revenue up 11% to $28.09 billion (vs. $27.52 billion expected). Net interest income hit a record $15.2 billion.  

 

Intel, 17th in trading value, rose 4.27% to $37.15 with $3.615 billion traded, per the finance card above. Intel unveiled its Crescent Island GPU for AI inference workloads, based on the energy-efficient Xe3P architecture, with 160GB LPDDR5X memory, air-cooled design, and optimized for Tokens-aaS providers and inference use cases.  

 

Micron, 20th in trading value, rose 2.61% to $191.94 with $3.383 billion traded, per the finance card above. New Street downgraded Micron from “buy” to “neutral” with a $190 target, citing its stock at a “valuation peak” where future earnings beats may be offset by valuation compression despite rising HBM demand.