Nvidia and Tesla Lead Surge in Trading Volumes Amid Market Turmoil

1. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -5.91%, with the trading volume of 46.55B. NVIDIA's CEO Jensen Huang attended a dinner at Mar-a-Lago, leading the Trump administration to lift restrictions on NVIDIA's AI chip H20 exports to China. NVIDIA's sales contributed over 10% to last year's global semiconductor revenue exceeding $650 billion.

2. Tesla (Nasdaq: TSLA)
Tesla plunged by -7.27%, with the trading volume of 45.11B. UBS maintained Tesla's rating at sell with a target price of $190 amid tariff impacts; Mizuho rated Tesla as outperform with a target of $375. Tesla's 2024 revenue was $976.90 billion, net profit $71.53 billion.

3. Apple (Nasdaq: AAPL)
Apple dropped solidly by -4.24%, with the trading volume of 22.96B. Apple airships 600 tons of iPhones to the US to avoid high import tariffs, ramping up production in India and shortening clearance time by 80% using a China-modeled strategy.

4. Meta Platforms (Nasdaq: META)
Meta Platforms plunged by -6.74%, with the trading volume of 15.39B. Meta's ratings maintained as overweight by Piper Sandler and buy by B of A Securities, target prices at $610 and $640. Keybanc reduced target price to $645. Meta successfully partnered with Lufthansa on Quest 3 and faced advertising controversy involving targeting teenagers.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.34%, with the trading volume of 14.20B. Microsoft released the KB5002623 patch to fix Office application crashes. Microsoft confirmed a service outage affecting Microsoft 365 Home subscriptions and is working to resolve it. Microsoft paused data center construction projects in Ohio and other locations.

6. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -5.17%, with the trading volume of 12.30B. Amazon CEO Andy Jassy defended the company's significant investments in AI, predicting a rapid decrease in AI technology costs and highlighting a triple-digit annual growth in AI business revenue. Amazon is strategically managing tariffs, expecting some costs to shift to consumers.

7. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dropped solidly by -3.72%, with the trading volume of 10.93B. Palantir is experiencing significant sell-offs amid economic recession concerns, with investors remaining cautious yet committed to long-term prospects.

8. Broadcom (Nasdaq: AVGO)
Broadcom plunged by -6.94%, with the trading volume of 8.83B. Broadcom announced a $10 billion stock repurchase plan amid mixed performance in the U.S. stock market, with the company experiencing an over 1% rise.

9. Alphabet (Nasdaq: GOOGL)
Alphabet dropped solidly by -3.71%, with the trading volume of 7.31B. Piper Sandler maintains an "outperform" rating for Alphabet Inc. (Google), with a target price of $185. Google plans to provide discounted software packages to U.S. federal agencies, aiming to save them up to $2 billion and challenge Microsoft's dominance.

10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices plunged by -8.41%, with the trading volume of 5.71B. AMD announced its Advancing AI 2025 event scheduled for June 12, unveiling the latest Instinct GPU. Additionally, AMD released the Ryzen 8000HX series processors with minor performance upgrades, confirming Zen 5 architecture is affected by an EntrySign vulnerability. Keybanc downgraded AMD's stock rating.