August 22 US Stock Trading Volume Top 20: Commerce Secretary Says Government Now Holds 10% Stake in Intel

Deep News
Aug 23

Tesla topped Friday's US stock trading volume rankings, rising 6.22% with $30.905 billion in trading volume. Tesla announced it would raise the price of its fastest Cybertruck model, the "Cyberbeast," by $15,000 to $114,990. The vehicle now includes a luxury package featuring supervised full self-driving capabilities and free supercharging.

Additionally, according to updated service terms on Tesla's official website, the company plans to integrate AI-powered voice assistant functionality in vehicles sold in China, supported by large language models from DeepSeek and ByteDance's "Doubao."

NVIDIA ranked second, gaining 1.72% with $30.287 billion in trading volume. NVIDIA CEO Jensen Huang stated the company is in discussions with the US government regarding the export of new, more advanced chips. Earlier this week, media reported that the US tech giant is developing a new AI chip called B30A for overseas markets, which will outperform the H20.

Palantir came in third, up 1.64% with $16.148 billion in trading volume. The stock declined 10.40% for the week.

Apple ranked fifth, rising 1.27% with $9.611 billion in trading volume. Renowned Apple analyst Mark Gurman reported that Apple is in preliminary negotiations with Google about potentially adopting Google's Gemini AI model to comprehensively upgrade its Siri voice assistant.

According to sources familiar with the matter, Apple recently contacted Google to explore creating a custom AI model that would serve as the foundation for next year's new version of Siri. If implemented, this would mark the first time the tech giant has extensively outsourced core AI capabilities.

However, Apple still needs several weeks before making a final decision and has not yet determined whether to stick with its proprietary models or turn to external partners. Sources indicate that Google has already begun training custom models that could run on Apple's servers.

Google Class A shares ranked sixth, gaining 3.17% with $8.745 billion in trading volume. This followed reports of Apple's preliminary negotiations with Google about potentially adopting Google's Gemini AI model to upgrade Siri.

Amazon ranked seventh, up 3.10% with $8.392 billion in trading volume. Sources reported that Amazon is lobbying the Indian government for exemptions from foreign investment rules for its export business.

Meta Platforms ranked eighth, rising 2.12% with $7.931 billion in trading volume. Meta plans to announce further developments in smart glasses at next month's annual Connect conference, including the company's first consumer-facing glasses with displays.

According to sources familiar with the matter, this is one of two new devices Meta plans to unveil at the event. The company will also introduce its first wristband, allowing users to control glasses through gestures.

AMD ranked ninth, gaining 2.47% with $7.3 billion in trading volume. Tech media outlet TechPowerUp reported Friday that AMD accidentally open-sourced parts of its core library files after releasing its FSR 4 machine learning-driven super-resolution technology. The leaked content reveals that FSR 4 may support AMD RX 7000 series GPUs (released November 3, 2022) and introduces more resource-efficient 8-bit integer (INT8) computing libraries.

MicroStrategy ranked tenth, surging 6.09% with $6.023 billion in trading volume. Friday saw broad gains across US cryptocurrency-related stocks.

Intel ranked fourteenth, climbing 5.53% with $4.673 billion in trading volume. US Commerce Secretary Howard Lutnick posted Friday: "The United States now holds a 10% stake in Intel, one of America's top technology companies. This historic agreement will solidify America's leadership in semiconductors, driving economic growth while helping ensure US technological superiority. Thank you to Intel CEO Pat Gelsinger for reaching this fair and reasonable agreement for both Intel and the American people."

Intel announced Friday that under the agreement terms, the US government will invest $8.9 billion in Intel common stock.

Bitmine Immersion Technologies ranked seventeenth, jumping 12.07% with $4.328 billion in trading volume. Recent reports indicated that driven by Wall Street's most prominent cryptocurrency bull, Fundstrat analyst Tom Lee, the company has transformed from a Bitcoin mining-focused enterprise into a leading global Ethereum reserve company.

Bitmine continues accumulating Ethereum through capital raises and strategic acquisitions, following a strategy similar to Michael Saylor's approach with MicroStrategy. The company aims to hold 5% of the world's circulating Ethereum supply.

Intuit ranked nineteenth, falling 5.03% with $4.052 billion in trading volume. The company issued first-quarter guidance below analyst expectations. Fourth-quarter revenue grew 20% to $3.83 billion, exceeding analyst expectations of $3.74 billion. Adjusted earnings per share rose to $2.75 from $1.99 in the prior year period, also beating expectations of $2.66.

For the first quarter outlook, the company expects revenue growth of 14% to 15%, below analyst expectations of 16% growth. Adjusted earnings per share are projected between $3.05 and $3.12, while analysts expected $3.07.

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