AI and Innovation Drive Market Surges Amidst Massive Trade Volumes

1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.93%, with the trading volume of 44.84B. Tesla forms a special committee to review Elon Musk's compensation plan; Tesla faces trademark issues with its Robotaxi technology; Tesla plans to launch Robotaxi services in Saudi Arabia; China deliveries fall significantly; regulatory scrutiny on Robotaxi intensifies.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 5.63%, with the trading volume of 42.65B. NIO is facing bankruptcy proceedings. NVIDIA is exporting 18,000 AI chips to Saudi Arabia and has established a partnership for AI infrastructure development. NVIDIA plans to expand its headquarters to Taiwan, and its CEO’s fiscal 2025 compensation rose to $49.9 million.

3. Unitedhealth Group Incorporated (NYSE: UNH)
Unitedhealth Group Incorporated plunged by -17.83%, with the trading volume of 19.00B. UnitedHealth Group CEO Andrew Witty resigned for personal reasons, prompting the company to withdraw its 2025 earnings guidance amidst continued healthcare business growth and expectations of higher-than-anticipated medical expenses.

4. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 8.14%, with the trading volume of 18.65B. Bank of America endorses Palantir Technologies as an AI standard-setter, raising its target price to $150. Palantir disclosed insider trading on May 12, with shareholder Planishek Heather A. purchasing 10,000 shares on May 8.

5. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 2.60%, with the trading volume of 12.17B. Meta Chief Technology Officer emphasized their strong belief in AR glasses alongside Mark Zuckerberg. Meanwhile, Jamie Lee Curtis criticized Meta for AI-generated fraudulent ads, demanding their removal. Meta is separately developing an AI model application for its glasses.

6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.31%, with the trading volume of 11.95B. Amazon-backed Scale AI plans to establish an office in Saudi Arabia by year-end as part of its Middle East expansion. Additionally, Slate, invested in by Amazon CEO Jeff Bezos, received over 100,000 pre-orders for its low-cost electric pickup.

7. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.02%, with the trading volume of 10.99B. Apple unveils new accessibility features, expands ecosystem, and explores brain-machine interfaces. The 2026 product lineup includes foldable screens, lightweight laptops, and smart glasses. Apple partnered with universities on Matrix3D AI model for advanced 3D reconstruction from 2D photos. iPhone 17 Pro will feature 12GB RAM.

8. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.03%, with the trading volume of 10.59B. Microsoft announced global layoffs impacting 6,000 employees to streamline management structure, affecting all levels and regions, including LinkedIn platform. Washington state to see 1,985 layoffs, part of a larger effort to optimize managerial efficiency.

9. Coinbase Global (Nasdaq: COIN)
Coinbase Global surged by 23.97%, with the trading volume of 9.72B. Coinbase Global has been added to the S&P 500, replacing Discover Financial, indicating potential positive signals from institutional investors.

10. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 0.68%, with the trading volume of 6.75B. Google and Dow have partnered to address plastic recycling challenges using AI, potentially processing 70,000 tons of nearly unrecyclable waste annually. Meanwhile, Google is integrating Gemini AI into Chrome on Windows, and collaborating with Anthropic and Harvey for legal AI solutions.