On Tuesday, the second most actively traded stock by value, Micron Technology (MU), closed up 2.20% with trading volume reaching $47.582 billion.

In its latest research report, Deutsche Bank significantly raised its price target for Micron Technology from $1000 to $1500, while maintaining a "Buy" rating. Based on Micron's closing price of $1020.76 at the end of Tuesday's session, this new target implies a potential upside of approximately 47%.

So far this year, Micron's share price has surged by about 260%. The primary driver behind this rally is the rapid adoption of AI applications, which has exacerbated a shortage in memory chip supply. Another US memory chip company, SanDisk, has seen its stock price skyrocket by roughly 730% this year.

The third most actively traded stock, SpaceX, closed down 4.95% with a trading volume of $39.243 billion. Its share price fell sharply after the market opened, dropping more than 6% at one point for its first decline since going public, after having initially risen over 5%.

Ranking fifth by volume, Nvidia (NVDA) closed down 1.33% with a trading volume of $25.971 billion.

Coherent, a leader in optical interconnect technology, has partnered with Nvidia to break ground on an expansion of its indium phosphide facility in Texas. The focus is on increasing production capacity for 6-inch indium phosphide wafers and optical interconnects to support the transmission of AI data between server racks at the speed of light.

The sixth most actively traded stock, SanDisk, closed down 1.64% with a trading volume of $18.013 billion.

Ranking seventh, Tesla (TSLA) fell 2.05% with a trading volume of $17.215 billion.

In eighth place, Microsoft (MSFT) declined 3.79% with a trading volume of $15.831 billion.

Apple (AAPL), the thirteenth most actively traded stock, closed down 1.10% with a trading volume of $12.455 billion.

Ranking nineteenth, Alphabet (GOOGL), the parent company of Google, closed down 2.43% with a trading volume of $8.748 billion.