Top 20 US Stocks by Trading Volume on June 19: Intel Soars 10% on Chip Design and Production Deal with Apple

Deep News06-19 05:11

Thursday's most actively traded US stock by volume was Marvell Technology, closing up 7.27% with a trading volume of $78.631 billion.

The second most traded was Micron Technology, which rose 8.70% on a volume of $71.642 billion.

Ranking fourth was NVIDIA, gaining 2.95% with a trading volume of $49.947 billion.

In seventh place, Intel surged 10.64% with a volume of $30.615 billion.

The eighth spot was held by SanDisk, which closed up 11.54% on a volume of $25.909 billion.

Ranking ninth, Apple advanced 0.70% with a trading volume of $25.444 billion.

Rounding out the top ten was AMD, climbing 4.86% on a volume of $23.297 billion.

This activity followed remarks from former US President Donald Trump, who indicated that Intel would collaborate with Apple to design and produce chips within the United States.

Trump mentioned the partnership, along with comments on NVIDIA and Elon Musk's Terafab chip manufacturing ambitions, in a post on Truth Social, though he did not provide further details.

Apple had previously engaged in exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices in the US.

Ranking fifth by volume was SpaceX, which fell 3.56% with a trading volume of $49.008 billion.

Data from Vanda Research showed that retail investors, who were net buyers in the initial days after SpaceX's listing, retreated on Wednesday, with net inflows mostly near flat for the session, recording only a minor net purchase of $2.3 million by the close.

This sentiment appeared to carry over into Thursday. In the first 10 minutes after the market opened, retail investors were net sellers of $3.5 million, before fund flows stabilized and turned back to net buying.

Amazon, ranking fourteenth, closed 0.70% higher with a trading volume of $25.442 billion.

Amazon is in talks to sell its custom artificial intelligence chips to other companies' data centers, a move that would further intensify its challenge to NVIDIA's dominance in the sector.

The head of Amazon's AI business, Peter DeSantis, stated that the world's largest cloud computing company has initiated these discussions but declined to name potential customers.

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