--- title: "Top 20 U.S. Stock Trading Volumes on June 10: Nuvalent Acquired by GSK, Stock Price Soars Over 39%" type: "News" locale: "en" url: "https://longbridge.com/en/news/289236061.md" description: "On June 10th, among the top 20 stocks by trading volume in the US market, Micron Technology ranked first with a trading volume of $65.481 billion. Although it closed down 1.41%, the market has high expectations for its AI memory business and the upcoming earnings report, with a projected year-on-year revenue increase of 270%. NVIDIA had a trading volume of $36.73 billion, closing down 0.22%. Additionally, Nuvalent's stock price soared over 39% due to its acquisition by GSK; D-Matrix launched a new AI inference chip called \"Corsair,\" claiming performance superior to NVIDIA's GPUs" datetime: "2026-06-09T20:43:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289236061.md) - [en](https://longbridge.com/en/news/289236061.md) - [zh-HK](https://longbridge.com/zh-HK/news/289236061.md) --- # Top 20 U.S. Stock Trading Volumes on June 10: Nuvalent Acquired by GSK, Stock Price Soars Over 39% On Tuesday, Micron Technology, the top stock by trading volume in the U.S. market, closed down 1.41%, with a trading volume of $65.481 billion. It is set to release its Q3 fiscal year 2026 earnings report on June 24, and the options market is pricing in a potential significant volatility of about 20% in its stock price, reflecting investors' high expectations and nervousness regarding the performance of this AI memory chip giant. Wall Street analysts generally expect Micron to deliver explosive growth results. According to market data, Micron's Q3 earnings per share are expected to reach $19.72, a year-on-year increase of approximately 932%; revenue is expected to be around $34.38 billion, with a year-on-year growth rate of about 270%. This expectation is slightly higher than the company's previous guidance of $33.5 billion in revenue and approximately $18.90 in earnings per share. The demand for high-bandwidth memory used in AI servers remains strong, and the company's HBM supply for the entire year of 2026 has already sold out. However, Micron's stock price has recently experienced significant volatility. In the week ending June 5, the stock fell about 20% from its historical high, partly due to Broadcom's AI sales forecast falling short of expectations, raising concerns about the entire AI hardware sector. Nevertheless, Wall Street remains optimistic about Micron, with a consensus rating of "Strong Buy" and an average analyst target price of around $919. Several institutions have recently raised their target prices significantly, citing tight memory supply and favorable pricing trends. NVIDIA, the second-ranked stock, closed down 0.22%, with a trading volume of $36.73 billion. According to media reports, D-Matrix has launched an AI inference chip named "Corsair," claiming it can achieve speeds up to 10 times that of NVIDIA GPUs when handling small computational tasks, with only one-fifth of the energy consumption. This chip uses SRAM architecture and does not rely on DRAM, but it has a significant shortcoming: it cannot support ultra-large parameter inference models. D-Matrix has raised approximately $500 million in funding, with a valuation of about $2 billion, and Microsoft's venture capital arm M12 is one of the investors. The company has secured procurement intentions from several cloud service providers and AI laboratories and has begun bulk shipments starting this month. Its chips are manufactured by TSMC using a 6-nanometer process, with a single card priced at tens of thousands of dollars, and can be plug-and-play deployed in existing data center racks. SanDisk, ranked third, closed up 0.28%, with a trading volume of $25.832 billion. NVIDIA CEO Jensen Huang recently stated that the tight supply of storage chips will continue for several years. He noted, "The entire industry's supply chain, from wafers, packaging to silicon photonic modules, is insufficient, and the root cause is the high market demand. This shortage will persist for several years." Bank of America recently raised SanDisk's target price from $1,550 to $2,100, maintaining a "Buy" rating. Currently, investors are focusing on the long-term supply cooperation agreements the company has signed with clients, which SanDisk refers to as "New Business Models (NBMs)." This is a structured agreement that uses fixed pricing in the early contract period, with floating pricing for the remaining term. Bank of America believes this structure achieves a "win-win," locking in stable supply for customers while providing SanDisk with financial certainty Mizuho has also raised the target price for SanDisk from $1,825 to $2,200, maintaining an "Outperform" rating. Micron Technology, ranked 4th, fell 7.61%, with a transaction volume of $24.884 billion. Recent data shows that after months of continuous inflow into the semiconductor sector, U.S. retail investors' trading preferences are undergoing a significant change, with funds beginning to withdraw from artificial intelligence (AI) and chip concept stocks and flowing into more volatile speculative stocks. The latest retail fund flow data released by market research firm Vanda Research indicates that retail investors have recently been reducing their holdings in semiconductor-related stocks while increasing their allocation to high-beta stocks. This round of capital rotation occurred after the semiconductor sector experienced a substantial rise. Over the past year, benefiting from the generative AI wave and the data center construction boom, chip stocks represented by NVIDIA (NVDA.US), AMD (AMD.US), Micron Technology (MU.US), Broadcom (AVGO.US), and Marvell Technology (MRVL.US) have been continuously favored by retail investors and have become one of the strongest performing sectors in the U.S. stock market. However, as valuations of some leading stocks continue to rise and recent volatility in the semiconductor sector has increased, some retail investors have begun to choose to take profits and shift their funds to more speculative targets with higher risk appetites. Vanda Research believes that this change may reflect that investors are actively increasing their liquidity levels and preparing for potential market volatility in the future. Apple, ranked 6th, fell over 3.6%, with a transaction volume of $20.218 billion. As Apple's Worldwide Developers Conference concluded, hidden code clues in the first beta of iOS 27 have attracted widespread attention. Software researchers have discovered multiple pieces of code directly related to foldable hardware in the system, indicating that the software foundation for Apple's first foldable iPhone has quietly been set. Code researchers found several key strings within iOS 27, including "foldState" for identifying the device's folded or unfolded status, as well as "mechanicalAngleDegrees" and "angleDegrees," which detect the hinge's unfolding angle. These codes did not appear in iOS 26 and are seen as the most direct evidence of Apple's upcoming foldable device. The new user features in iOS 27 also reveal the design intentions for foldable screens. The system's new full-page widget format supports applications like music and news occupying the entire main screen, which will be particularly useful on a foldable iPhone with a larger inner screen. Additionally, the update to the iPhone mirroring feature in macOS 27 allows connected iPhones to be adjusted to an iPad-sized layout, aligning with rumors that the foldable device will be close to the size of an iPad mini when unfolded. Microsoft, ranked 10th, fell 2.02%, with a transaction volume of $13.809 billion. With the popularity of proxy AI applications, computing power is shifting from the cloud to the edge, and "edge-cloud collaboration" has become a new trend In response to this opportunity, NVIDIA launched the RTX Spark Superchip at the Computex exhibition and announced a partnership with Microsoft to enter the personal computer chip market. This chip runs on the Arm architecture and supports the Windows operating system, integrating the Blackwell RTX GPU with a custom Grace CPU, and supports up to 128GB of unified memory, bringing data center-level AI capabilities to personal devices. Lumentum Holdings, ranked 16th, fell 8.22%, with a trading volume of $6.522 billion. The recent rise in its stock price is attributed to investors' ongoing focus on the company's positioning in AI infrastructure and optical network demand. Recent reports have highlighted the company's stronger performance guidance, optimistic analyst comments, and sustained demand for key components used in cloud and AI networks. Some analysts noted that Lumentum has dropped about 15% over the past month, reflecting investors' concerns that expectations for AI expansion may have already been partially priced in by the market. Overall, Lumentum is currently rising due to the market's optimistic outlook on AI-driven optical demand and positive analyst evaluations, while the recent weakness reflects concerns that the stock's previous strong gains may have pushed its valuation too high in the short term. Nuvalent, ranked 17th, rose 39.28%, reaching an all-time high with a trading volume of $6.354 billion. In news, GlaxoSmithKline announced it has agreed to acquire Nuvalent for $10.6 billion. The statement indicated that GSK will acquire Nuvalent for $124 per share in cash, a 40% premium over the latter's closing price on Monday (the 8th). The transaction is subject to regulatory approval and is expected to be completed in the third quarter. Nuvalent specializes in small molecules and precision-targeted therapies designed for cancer patients, including those with lung cancer. 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