Nvidia (NVDA) led Tuesday's turnover charts, soaring 4.04% to an unprecedented peak with $39.178 billion traded. The chipmaker's valuation reached $4.165 trillion following CEO Jensen Huang's announcement of U.S. government approval for H20 chip exports. Shipments will commence shortly, merely three months after April's sales restrictions. Designed as a specialized AI accelerator for regulated markets, the H20 leverages Nvidia's Hopper architecture and advanced CoWoS packaging technology to navigate export controls. Huang simultaneously unveiled new RTX Pro graphics cards targeting computer graphics, digital twins, and AI applications, signaling deeper commitment to China's tech ecosystem.
Tesla (TSLA) ranked second despite sliding 1.93% on $24.117 billion volume. The electric vehicle maker witnessed another executive departure as North American sales chief Troy Jones exited after 15 years, compounding leadership turbulence during a sales downturn. This follows last month's resignation of CEO Elon Musk's senior aide Omead Afshar, who briefly oversaw North American and European operations.
AMD (AMD) surged 6.41% with $14.308 billion traded, securing third place. Hours after Nvidia's announcement, AMD confirmed plans to resume MI308 chip exports pending anticipated U.S. license approvals currently under review.
Meta Platforms (META) declined 1.46% on $8.212 billion turnover. The social media giant faces renewed EU scrutiny after failing to comply with digital regulations despite a €200 million ($232 million) penalty. European commissioners warned Meta's ad-free subscription service requires modifications, potentially triggering formal warnings and recurring fines.
Coinbase Global (COIN) dropped 1.52% with $6.526 billion traded. Argus initiated coverage with a "Buy" rating, citing sustained growth momentum and regulatory tailwinds from the recently passed GENIUS Act. Analysts noted platform investments could boost user engagement but cautioned about valuation exceeding fundamentals.
Strategy (MSTR), formerly MicroStrategy, fell 1.93% on $6.332 billion volume. The company spearheaded last week's $628 million corporate Bitcoin inflow, acquiring 4,225 coins for $472.5 million. Its total holdings now exceed 601,550 Bitcoins.
UnitedHealth (UNH) tumbled 2.95% with $4.606 billion traded amid a U.S. Justice Department probe into Medicare billing documentation. The insurer stated an internal review found no evidence supporting overpayment allegations.
MP Materials (MP) skyrocketed 19.99% on $4.298 billion volume. Apple plans a $500 million investment in America's sole operating rare earth producer, securing domestic magnet supply for devices. The partnership includes two new facilities: a Texas magnet plant and a California e-waste recycling center. This follows the Pentagon's recent $400 million investment to fortify supply chains.
Wells Fargo (WFC) plunged 5.48% with $4.216 billion traded after missing Q2 net interest income estimates. The bank downgraded its full-year NII growth outlook to flat from 1%-3%, though projected commercial real estate losses remain contained.
Alibaba (BABA) jumped 8.09% on $3.973 billion volume, mirroring broad gains among Chinese tech stocks.
The Trade Desk (TTD) climbed 6.59% with $3.61 billion traded. S&P Dow Jones announced its surprise inclusion in the S&P 500, replacing Ansys following Synopsys' acquisition.