Tech Giants Tumble: High Trading Volumes Amid Global Market Shifts

1. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -5.91%, with the trading volume of 47.13B. The White House altered its plan to limit NVIDIA's export of AI chips H20 to China after CEO Jensen Huang attended a Mar-a-Lago dinner, allowing the exports to continue.

2. Tesla (Nasdaq: TSLA)
Tesla plunged by -7.27%, with the trading volume of 45.60B. Auto companies globally counter US tariffs; some halt US exports, others raise prices. Chinese firms plan buybacks, expressing confidence in China's market. Tesla halts new Model S/X sales in China, expands into Saudi Arabia, and hires for Optimus robot project, while launching the Cybertruck in America.

3. Apple (Nasdaq: AAPL)
Apple dropped solidly by -4.24%, with the trading volume of 23.13B. Apple may face price increases due to US-China tariffs. Internal chaos affects Apple's Siri project, potentially relying on open-source models. Apple expects to mass-produce an 18.8-inch foldable device. Apple faces lawsuits over false Siri personalization claims. Production cost of iPhones could rise 90% if moved to the US.

4. Meta Platforms (Nasdaq: META)
Meta Platforms plunged by -6.74%, with the trading volume of 15.56B. Meta faced allegations for targeting ads at teens' emotional states, Piper Sandler maintains its "overweight" rating, new target $610, while Keybanc adjusted target to $645. Successful collaboration with Lufthansa expanding Quest 3 to more airlines.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.34%, with the trading volume of 14.41B. Microsoft will terminate support for Windows 10 and Surface Hub series by 2025, while launching new DLC for Age of Empires II: Definitive Edition. Additionally, The Outer Worlds 2 will feature at Xbox 2025 Summer Showcase, and Starfield will now launch on PS5.

6. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -5.17%, with the trading volume of 12.41B. Amazon CEO Andy Jassy highlighted a $100 billion capital expenditure for AI developments in 2023, aiming to reshape customer experiences. Amazon is also aiding select suppliers with tariffs and foresees AI and chip advancements reducing AI costs.

7. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dropped solidly by -3.72%, with the trading volume of 10.97B. Palantir emphasizes resilience and long-term strategy amidst economic downturn, prioritizing prudent decision-making over rapid sell-offs.

8. Broadcom (Nasdaq: AVGO)
Broadcom plunged by -6.94%, with the trading volume of 8.85B. Broadcom announced a $10 billion stock buyback plan amidst consideration of potential "order cuts" in the chip supply chain faced with tariff challenges.

9. Alphabet (Nasdaq: GOOGL)
Alphabet dropped solidly by -3.71%, with the trading volume of 7.39B. Google has launched the "AI on Screen" initiative to encourage films exploring human-AI relationships, partnering with Range Media. Additionally, Google introduced the Ironwood TPU at the Google Cloud Next25 Conference, potentially transforming AI infrastructure.

10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices plunged by -8.41%, with the trading volume of 5.77B. AMD announced its annual AI event "Advancing AI 2025" on June 12, focused on new Instinct GPU advancements. It also officially launched the Ryzen 8000HX series processors with minor performance upgrades. Keybanc downgraded AMD's rating to "sector perform."