Tech Titans Surge: Tesla and Nvidia Lead High-Volume Gains Amid AI Expansion

1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.07%, with the trading volume of 46.85B. Tesla's Shanghai factory exported nearly 30,000 Model 3 and Model Y units in April, setting a new high for the past 12 months. Tesla also saw its China-made electric car sales drop 6% year-on-year in April.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.16%, with the trading volume of 37.12B. NVIDIA will deliver 18,000 top-tier AI chips to Saudi Arabia, benefiting from the country's AI initiatives. Additionally, NVIDIA announced AI collaborations with Saudi Arabia alongside AMD, spurring potential growth in the AI sector.

3. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained mildly by 1.62%, with the trading volume of 12.49B. Palantir Technologies received backing from Bank of America as an AI standards leader with a target price of $150 and disclosed insider trading activity on May 12, where Heather A. Planishek purchased 10,000 shares.

4. Unitedhealth Group Incorporated (NYSE: UNH)
Unitedhealth Group Incorporated dipped mildly by -1.10%, with the trading volume of 11.78B. UnitedHealth Group announced CEO Andrew Witty's resignation, with Stephen Hemsley appointed as new CEO with a $1 million base salary. The company withdrew its 2025 guidance due to higher anticipated medical expenses.

5. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.28%, with the trading volume of 10.45B. Apple plans to enhance the Vision Pro headset with an eye-scrolling feature, currently being tested in visionOS 3, to improve user interaction. Meanwhile, U.S. smartphone shipments surged 30% in March as Apple, Samsung, and others increased exports to counter potential tariffs.

6. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 4.68%, with the trading volume of 10.24B. AMD announced a strategic $100 billion collaboration with Saudi AI firm Humain, unveiling its EPYC 4005 series servers, optimized for SMBs, while also confirming AM5 platform support for CUDIMM memory technology.

7. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.85%, with the trading volume of 8.98B. Microsoft plans to lay off 6,000 employees focusing on AI development as U.S. tech giants aim to increase investment in AI by 2025. Meanwhile, Microsoft released a Windows 11 update fixing 134 issues and optimizing functionalities.

8. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.51%, with the trading volume of 8.10B. Meta's CTO and Mark Zuckerberg are committed advocates for AR glasses, reflecting significant interest in the expanding market. Jamie Lee Curtis criticized Meta over AI-generated fraudulent ads, demanding their removal.

9. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.53%, with the trading volume of 7.99B. Amazon plans to lay off approximately 100 employees in its devices and services division. Company insider Alexander Keith Brian sold 1,000 shares on May 12, as disclosed on May 14. Amazon's CEO Jeff Bezos has invested in Slate, which has received over 100,000 pre-orders for its low-cost electric pickup truck.

10. Alphabet (Nasdaq: GOOGL)
Alphabet gained solidly by 3.66%, with the trading volume of 7.98B. Alphabet partners with Saudi venture capital firm STV to launch a $100 million AI fund focused on MENA. Additionally, Alphabet introduces AI protection in Chrome against fraud, launches Find Hub service to rival AirTag, and integrates Gemini AI in Chrome on Windows.