Tesla topped Wednesday's US stock trading volume, rising 1.44% with $29.764 billion in trading volume. On September 2, Tesla unveiled Master Plan Part 4, which focuses on integrating artificial intelligence, automation technology, and large-scale manufacturing capabilities to accelerate the world's transition toward "sustainable abundance," achieving unlimited sustainable development and human prosperity.
Tesla continues to experience declining sales across nearly all major European electric vehicle markets, causing the company to lose significant market share in countries with strong EV demand.
Germany's Federal Motor Transport Authority announced Wednesday that Tesla's August registrations fell 39%, with a 56% plunge in the first eight months of the year. The Musk-led electric vehicle manufacturer also saw substantial August sales declines in France, Belgium, Denmark, and Sweden. Norway was the exception, with Tesla registrations growing 21% in August and 26% year-to-date. Tesla's global vehicle deliveries dropped 13% in the first half, indicating the company is heading toward a second consecutive year of declining deliveries.
NVIDIA ranked second, falling 0.09% with $27.582 billion in trading volume. Alphabet has recently approached small cloud service providers that primarily lease NVIDIA chips, hoping these data centers will also deploy Alphabet's artificial intelligence (AI) chips.
Alphabet has reached agreements with at least one cloud service provider, including London-based Fluidstack, which will deploy Alphabet's Tensor Processing Units (TPUs) at its New York data center.
Alphabet Class A stock ranked third, surging 9.14% to a record high with $23.312 billion in trading volume. On Tuesday, US District Judge Amit Mehta rejected the Department of Justice's most severe proposed remedies, ruling that Alphabet does not need to divest Chrome. The company can still pay other companies for pre-installation fees but cannot sign exclusive contracts with payment or licensing conditions.
This means Alphabet retains the ability to pay Apple billions of dollars to remain iPhone's default search engine.
Wedbush Global Technology Research Director Daniel Ives stated in a Tuesday report: "This is a huge victory for Cupertino and a complete win for Alphabet, removing significant pressure on Apple's stock price."
Apple ranked fifth, rising 3.81% with $15.674 billion in trading volume. Apple and Alphabet reached an agreement to evaluate the GEMINI model for the new Siri.
Additionally, reports indicate Apple has not yet been impacted by potential Trump tariffs but may still raise iPhone prices.
Palantir ranked sixth, declining 1.39% with $10.353 billion in trading volume.
Broadcom ranked tenth, rising 1.39%. Morgan Stanley analyst Joseph Moore recently highlighted in a deep-dive report focused on expanding network technology that rack-scale AI business is creating value at an astonishing pace, potentially bringing $17 billion in new market opportunities for companies like Astera Labs, NVIDIA, and Broadcom.
Salesforce ranked twelfth, rising 1.42% with $4.049 billion in trading volume. The company confirmed it has converted 4,000 customer service positions to AI agents, as CEO Marc Benioff aims to transform the company into an "agentic enterprise."
This transformation allows Salesforce to reallocate resources to its sales division, thereby enhancing distribution capabilities and lead generation efficiency. The company currently processes over 10,000 sales leads weekly, with AI agents handling 50% of customer interactions.
MicroStrategy ranked thirteenth, declining 3.33% with $3.059 billion in trading volume. The company purchased 4,048 bitcoins for a total of $449.3 million between August 26 and September 1, bringing its total holdings to 636,505 BTC.
AppLovin ranked sixteenth, rising 1.17% with $2.477 billion in trading volume. Wells Fargo recently raised AppLovin's target price to $491, stating the company occupies strategic mobile advertising territory and its growth story is far from over.
Alibaba ranked nineteenth, falling 1.52% with $2.228 billion in trading volume. The stock had risen for two consecutive days prior, including a 12.9% gain last Friday.
Intuitive Surgical ranked twentieth, declining 5.95% with $2.188 billion in trading volume.