Top 20 U.S. stocks by trading volume: Broadcom closed up 4.83%, winning over $30 billion in chip orders from Apple
[Top 20 U.S. stocks by trading volume: Broadcom closed up 4.83% and won Apple’s chip order of over US$30 billion] Broadcom closed up 4.83%. On July 8, local time, Apple announced an agreement with Broadcom to purchase US-made chips worth more than US$30 billion from Broadcom in the next five years.
Micron Technology, the No. 1 U.S. stock market by trading volume, closed up 1.11% on Wednesday, with a turnover of US$39.8 billion. The stock has fallen significantly from its historical highs recently, and investors are re-examining whether AI-driven memory demand can be sustained for longer. Micron's stock price has fallen by approximately 23% since hitting a record high on June 25. While shares are still up more than 230% this year and more than 650% in the past 12 months, the recent pullback has raised concerns about whether the memory cycle is near a top. From a fundamental perspective, Micron's operating conditions remain strong. In the just past third quarter of fiscal year 2026, the company's revenue reached US$41.46 billion, a year-on-year increase of 346%, and earnings per share were US$25.11, far exceeding market expectations. Among them, the data center business revenue exceeded 25 billion US dollars, and the annual revenue exceeded 100 billion US dollars, becoming the largest growth engine. The company expects fourth-quarter revenue to climb further to about $50 billion. However, investors' concerns focus on two aspects. First, the memory industry has historically been highly cyclical. Once supply catches up with demand, prices will fall sharply. Micron, Samsung and SK Hynix together control more than 90% of the world's DRAM supply, and any company's capacity expansion may change the supply and demand pattern. Second, some technology giants have adjusted the pace of data center construction, and the market is worried that if investment in AI infrastructure slows down, memory prices may come under pressure. However, many institutions are optimistic about Micron's market outlook. Citibank has put Micron on its 90-day positive watch list, arguing that the current pullback provides a buying opportunity. Rui expects that the shortage of DRAM will continue until at least the second quarter of 2028, and raises the DDR contract price increase forecast in the third quarter of 2026 from 17% to 32%. Bank of America reiterated its buy rating and maintained its target price at $1,550. It pointed out that the proportion of memory chips in cloud AI capital expenditures has reached 2 to 3 times the historical level, but the storage stock earnings ratio is still less than 10 times, and the valuation is low. Second-place Nvidia closed up 3.65%, with a transaction volume of US$29.4 billion. On the previous trading day, the stock bucked the trend and closed higher against the backdrop of the overall sharp decline in the chip sector, showing obvious relative strength. Technical aspects show that there are a lot of bullish bets in the options market, and the trading volume of short-term call options far exceeds that of puts, indicating that some traders are betting that the stock price will rise in the short term. Changes in valuation are also of concern. Since hitting a record high on May 14, Nvidia's market value has evaporated by approximately US$1 trillion, and its stock price has fallen by more than 18%. This adjustment brings its forward price-to-earnings ratio to about 18 times, the lowest level since the beginning of 2019 and even lower than the S&P 500's forward price-to-earnings ratio of more than 20 times. Analysts pointed out that this valuation compression is not due to a deterioration in the profit outlook, but analysts have been raising profit forecasts for the next few quarters, but reflects the shift of artificial intelligence transaction funds from Nvidia to other semiconductor areas, such as memory chip manufacturers and equipment suppliers. SanDisk, the third place, closed up 6.77%, with a transaction volume of US$19.6 billion. Before Wednesday, the stock had fallen for four consecutive sessions. No. 4 Tesla closed down 2.19%, with a transaction volume of US$13.2 billion. Morgan Stanley maintains a "hold and wait" rating on Tesla, with a target price of $415 - composed of five valuation parts: core automobiles, network services, Robotaxi, energy and humanoid robots. Morgan Stanley's research report pointed out that Tesla's launch of Robotaxi service in Miami and the launch of Model YL in the US market are recent hot topics. Regarding Robotaxi, Morgan Stanley expects it to be fully online in multiple metropolitan areas by the end of the year. Although active fleet data has declined recently, signs such as the recruitment of AI operators indicate that the scale of operations is expanding. Morgan Stanley emphasized that the speed of improvement in accident rates is the key to judging business success, and the fleet is expected to reach 1,500 vehicles by the end of the year and 30,000 vehicles by 2030. As for Model YL, the US version starts at US$61,990 and will be delivered in October. It is expected to expand market coverage and improve the product mix. No. 7 Broadcom closed up 4.83%, with a transaction volume of US$11.9 billion. On July 8, local time, Apple announced an agreement with Broadcom to purchase more than US$30 billion worth of U.S.-made chips from Broadcom in the next five years.
Under the agreement, Broadcom will produce more than 15 billion chips in the United States and invest US$1.5 billion to expand and upgrade production capacity at its Fort Collins, Colorado, factory to produce advanced radio frequency components and wireless connection chips including FBAR radio frequency filters. On July 6, local time, Broadcom announced that it and Apple have agreed to extend their long-term technical cooperation to 2031 by signing a new multi-year long-term agreement, agreeing that Broadcom will develop and supply a series of customized ASIC chip products for use in multiple Apple terminal products. No. 10 SpaceX closed down 0.78%, hitting the lowest price since its IPO on June 12, with a transaction volume of US$8.967 billion. No. 14 JPMorgan Chase closed down 2.54%, with transaction volume of US$5.776 billion. JPMorgan Chase plans to use M&A transactions of small and medium-sized enterprises as a new growth point for its investment banking business, and will set up a team specifically to serve small listed companies and corporate M&A with a valuation of US$100 million to US$500 million. The initial plan is to have more than 75 people and set up regional centers in multiple cities. Previously, JPMorgan Chase was deeply involved in mid-sized mergers and acquisitions of US$500 million to US$2 billion. This business generated annual revenue of more than US$1 billion and a growth rate of more than 20%. The small team is led by newly recruited executives Michael Flynn and others, and focuses on consumer retail and business services. Analysts said that large peers have not yet laid out this track, and the intergenerational inheritance of baby boomer companies has brought about a wave of sales, coupled with the influx of small and medium-sized private equity funds, providing JPMorgan Chase with a unique opportunity. No. 19 Bloom Energy closed down 5.67%, with a turnover of US$4.782 billion. After closing down 8.64% on Tuesday, it fell another 5.67% on Wednesday. Investors appear to be taking profits after the sharp rise in the stock price, even though the company just received major boost from an expanded AI infrastructure financing partnership with Brookfield. The stock also saw unusually active put trading, suggesting traders are preparing for further downside or hedging against recent gains. Overall, BE's decline is mainly due to the fact that the stock price has risen sharply before. Investors still choose to take profits despite the good news about Brookfield cooperation. The increase in put option buying shows that short-term sentiment has turned cautious. (
Under the agreement, Broadcom will produce more than 15 billion chips in the United States and invest US$1.5 billion to expand and upgrade production capacity at its Fort Collins, Colorado, factory to produce advanced radio frequency components and wireless connection chips including FBAR radio frequency filters. On July 6, local time, Broadcom announced that it and Apple have agreed to extend their long-term technical cooperation to 2031 by signing a new multi-year long-term agreement, agreeing that Broadcom will develop and supply a series of customized ASIC chip products for use in multiple Apple terminal products. No. 10 SpaceX closed down 0.78%, hitting the lowest price since its IPO on June 12, with a transaction volume of US$8.967 billion. No. 14 JPMorgan Chase closed down 2.54%, with transaction volume of US$5.776 billion. JPMorgan Chase plans to use M&A transactions of small and medium-sized enterprises as a new growth point for its investment banking business, and will set up a team specifically to serve small listed companies and corporate M&A with a valuation of US$100 million to US$500 million. The initial plan is to have more than 75 people and set up regional centers in multiple cities. Previously, JPMorgan Chase was deeply involved in mid-sized mergers and acquisitions of US$500 million to US$2 billion. This business generated annual revenue of more than US$1 billion and a growth rate of more than 20%. The small team is led by newly recruited executives Michael Flynn and others, and focuses on consumer retail and business services. Analysts said that large peers have not yet laid out this track, and the intergenerational inheritance of baby boomer companies has brought about a wave of sales, coupled with the influx of small and medium-sized private equity funds, providing JPMorgan Chase with a unique opportunity. No. 19 Bloom Energy closed down 5.67%, with a turnover of US$4.782 billion. After closing down 8.64% on Tuesday, it fell another 5.67% on Wednesday. Investors appear to be taking profits after the sharp rise in the stock price, even though the company just received major boost from an expanded AI infrastructure financing partnership with Brookfield. The stock also saw unusually active put trading, suggesting traders are preparing for further downside or hedging against recent gains. Overall, BE's decline is mainly due to the fact that the stock price has risen sharply before. Investors still choose to take profits despite the good news about Brookfield cooperation. The increase in put option buying shows that short-term sentiment has turned cautious. (