US Stock Turnover TOP 20 | Nvidia and Tesla Fall Over 3%, Alibaba Surges Nearly 13% After Earnings

　　On Friday, Nvidia ranked first in US stock trading volume, closing down 3.36% with a turnover of $42.198 billions. After the close on Wednesday, the company reported Q2 revenue of $46.743 billions, up 56% year-on-year and 6% quarter-on-quarter; net profit was $26.422 billions, up 59% year-on-year and 41% quarter-on-quarter; non-GAAP adjusted net profit was $25.783 billions, up 52% year-on-year and 30% quarter-on-quarter.

　　Nvidia's adjusted earnings per share and revenue for the second fiscal quarter exceeded Wall Street analysts' expectations, and its revenue outlook for the third fiscal quarter also surpassed expectations. However, at the same time, revenue from Nvidia's main business segment, the data center business, failed to meet expectations in the second fiscal quarter.

　　Tesla ranked second, closing down 3.50% with a turnover of $27.081 billions. On Friday, the company requested the court to overturn a $243 millions jury verdict—which found Tesla's autopilot software causally linked to a 2019 road accident in Florida that resulted in one death and one serious injury.

　　Alibaba ranked third, closing up 12.90%, marking its largest single-day gain since March 2023, with a turnover of $10.809 billions. On Friday, the company released its financial report for the first quarter of fiscal year 2026 ending June 30, 2025: revenue was 247.652 billion yuan, up 2% year-on-year. Net profit was 42.382 billion yuan, up 76% year-on-year. Non-GAAP net profit was 33.510 billion yuan, down 18% year-on-year. Net profit attributable to ordinary shareholders was 43.116 billion yuan.

　　Google Class A shares (GOOGL) ranked sixth, closing up 0.60% with a turnover of $8.126 billions. During today's session, the stock hit a record high since its initial public offering on August 19, 2004.

　　According to sources, the European Union's antitrust action against US tech giant Google will see a result in the coming weeks, with Google expected to receive a small fine.

　　Analysts pointed out that Google has been fined heavily by the EU multiple times, so if the latest antitrust action ends with only a small fine, it would undoubtedly be positive for the company.

　　The European Commission's decision stems from an investigation launched four years ago following a complaint from the European Publishers Council. In 2023, the European Commission formally charged Google, alleging that it favored its own platform and excluded competitors in its advertising services.

　　Meta Platforms ranked eighth, closing down 1.65% with a turnover of $6.678 billions. On Friday, the company stated that, in light of US lawmakers' concerns about the safety and inappropriate conversations of its AI chatbots, it is making temporary adjustments to its AI chatbot policies for teenagers.

　　A Meta spokesperson confirmed that the social media giant is currently training its AI chatbots not to generate responses for teenagers on topics such as self-harm, suicide, and eating disorders, and to avoid romantic conversations that may contain inappropriate content.

　　The company stated that, at the appropriate time, AI chatbots will instead provide teenagers with guidance to professional resources. Meta said in a statement: "As our community grows and our technology evolves, we continue to learn how teenagers interact with these tools and strengthen our safeguards accordingly."

　　Broadcom ranked ninth, closing down 3.65% with a turnover of $6.379 billions.

　　Marvell Technology ranked tenth, closing down 18.60% with a turnover of $6.163 billions. The company's latest quarterly financial report and guidance greatly disappointed Wall Street, raising concerns among investors about the chipmaker's prospects amid the AI spending boom.

　　The company reported record Q2 revenue of $2.006 billions, up 58% year-on-year driven by AI demand. The company has completed the divestiture of its $2.5 billions automotive Ethernet business to focus on AI opportunities and expects Q3 revenue to grow 36% year-on-year.

　　AMD ranked eleventh, closing down 3.53% with a turnover of $6.092 billions. Today, the US stock chip sector generally declined.

　　Affirm Holdings ranked fourteenth, closing up 10.59% with a turnover of $3.952 billions. On Thursday, the company announced better-than-expected Q4 revenue and profit. Data showed Q4 revenue grew 33% year-on-year to $876 millions, beating the market expectation of $837 millions; net profit was $69.2 millions, compared to a loss of $45.1 millions in the same period last year; earnings per share were $0.20, also better than the market expectation of $0.11.

　　Gross merchandise volume (GMV) for the fourth fiscal quarter grew 43% year-on-year to $10.4 billions.

　　In a letter to shareholders, the company stated: "This continued execution enabled Affirm to achieve operating profit in the fourth quarter of fiscal year 2025, fully in line with the timeline we committed to a year ago."

　　Affirm expects Q1 revenue for fiscal year 2026 to be between $855 millions and $885 millions, with GMV between $10.1 billions and $10.4 billions.

　　Oracle ranked sixteenth, closing down 5.90% with a turnover of $3.761 billions.

　　Dell ranked twentieth, closing down 8.88% with a turnover of $2.956 billions. Dell expects full-year revenue to be between $105 billions and $109 billions, higher than the previous guidance of $101 billions to $105 billions. The midpoint of full-year earnings per share (EPS) guidance was raised to $9.55, $0.10 higher than previously expected.

　　However, the Q3 guidance raised investor concerns. Dell expects the midpoint of adjusted EPS to be $2.45, lower than the market consensus of $2.51; revenue is expected to be between $26.5 billions and $27.5 billions, slightly higher than Wall Street's expectation of $26.4 billions.