---
title: "Top 20 trading volumes in U.S. stocks on July 11: Meta achieves its best weekly performance since the beginning of 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292357667.md"
description: "On July 11th, among the top 20 trading volumes in the US stock market, NVIDIA topped the list with a trading volume of $30.751 billion, closing up 4.03%, driven by favorable news regarding the Trump administration's plans to ease export controls on AI chips to the UAE. Micron Technology had a trading volume of $30.423 billion, nearing a market capitalization of one trillion due to strong demand for AI memory and analysts significantly raising their target prices. Meta Platforms had a trading volume of $26.816 billion, closing up 5.97%, with its weekly gain marking the best performance since 2024, as the market holds an optimistic view of its AI strategy"
datetime: "2026-07-10T20:57:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292357667.md)
  - [en](https://longbridge.com/en/news/292357667.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292357667.md)
---

# Top 20 trading volumes in U.S. stocks on July 11: Meta achieves its best weekly performance since the beginning of 2024

On Friday, NVIDIA, the top stock by trading volume, rose 4.03%, with a trading volume of $30.751 billion. Reports on Friday indicated that the Trump administration plans to ease export controls to the UAE, clearing obstacles for its procurement of various advanced technologies, including commercial satellites and semiconductors for artificial intelligence.

The report stated that the U.S. Department of Commerce is set to release a notification next week, indicating that the UAE now qualifies for more lenient treatment under U.S. export control laws, given its support for the U.S. position in the anti-Iran war.

Analysts noted that the easing of export controls by the U.S. would enable UAE companies to procure advanced AI chips from NVIDIA, AMD, and Cerebras Systems as planned.

This agreement was reached over a year ago between the U.S. and the UAE, stipulating that these companies supply thousands of processors to G42, a technology leader supported by the UAE government, for the newly established AI data centers in the region.

Micron Technology, ranked second, fell 1.24%, with a trading volume of $30.423 billion. Micron has firmly established itself as one of the biggest winners in the AI infrastructure sector by 2026, triggering a collective "panic buying" among Wall Street analysts, who have significantly revised their valuation models. Driven by strong demand for data center memory, several top research institutions have raised their target prices, pushing the expected range to an unprecedented $1,200 to $1,500.

This round of intensive upgrades comes as Micron's stock price approaches its historical high of over $1,000 per share, officially entering the trillion-dollar market cap club.

The core logic behind the significant target price upgrades is not complex: AI servers have an extremely high demand for high-bandwidth memory (HBM) and traditional dynamic random-access memory (DRAM). As it takes at least 12 months to build advanced wafer fabrication plants, the entire industry is facing a structural supply shortage, with demand far exceeding capacity.

Meta Platforms, ranked third, rose 5.97%, with a trading volume of $26.816 billion. As market optimism about Zuckerberg's artificial intelligence strategy continues to grow, Meta's stock surged significantly on Friday, with a weekly increase of 14.8%, marking the strongest weekly performance since the beginning of 2024.

Just three months after launching its first self-developed foundational model, Muse Spark, Meta released two major AI product announcements this week. On Tuesday, the company launched the image generation AI model Muse Image, aimed at attracting creators and advertisers to use its paid subscription service; on Thursday, Meta officially released Muse Spark 1.1, focusing on autonomous agent tasks and code development scenarios.

The series of new product launches this week demonstrates that Meta is fully sprinting towards the AI large model race, directly chasing after the first-mover advantages of OpenAI, Anthropic, and Google. This move also reflects the company's strategic layout to diversify its revenue channels beyond advertising, while confirming substantial progress in research and development at Meta's Super Intelligence Lab, led by Alexander Wang After this continuous rise, Meta has recovered all its losses for the year, currently up over 2% year-to-date; however, during the same period, the Nasdaq index has risen by 13%, and the stock's performance still lags significantly behind the market.

Ranked 4th, SanDisk rose by 3.10%, with a transaction volume of $19.449 billion. The stock has accumulated a rise of 9.8% this week.

Ranked 5th, SK Hynix-WI (skhyv) rose by 12.76%, with a transaction volume of $18.212 billion. On July 9 local time, storage giant SK Hynix raised $26.5 billion through the issuance of American Depositary Shares (ADS), becoming the largest IPO by a foreign company in the U.S. SK Hynix issued 177.9 million ADS at $149 each, corresponding to 17.79 million shares of Korean common stock, with the issuance price at a 3.1% premium to the closing price of common stock in the Seoul market.

ADS began trading on the Nasdaq on July 10 under the ticker "SKHYV."

This fundraising amount surpasses Alibaba's $25 billion financing scale in 2014, making it the most notable semiconductor capital event in the global capital markets this week.

Ranked 7th, AMD rose by 2.04%, with a transaction volume of $11.368 billion. ARK Investment Management CEO Cathie Wood made a key portfolio adjustment on Thursday, significantly increasing holdings in Meta Platforms while further reducing positions in chip giant AMD.

Ranked 11th, Intel fell by 2.40%, with a transaction volume of $7.681 billion. The stock has accumulated a decline of 8.7% this week.

Ranked 12th, SpaceX fell by 4.51%, with a transaction volume of $6.756 billion. Over the five trading days this week, the stock has declined on four days, resulting in a cumulative drop of over 10% this week, with a market capitalization falling below $1.9 trillion.

Analysts generally believe that SpaceX's short-term growth primarily relies on ground AI infrastructure rather than its "orbital AI" sci-fi concepts. The recently signed annualized $28 billion computing power order has already surpassed revenue from rocket launches and Starlink business. However, it is noted that these contracts contain termination clauses, indicating non-stable income. In the long term, orbital AI still requires over ten years, relying on breakthroughs in Starship technology. Analysts expect that before 2030, ground computing power will remain the company's main source of profit.

Ranked 17th, Palantir fell by 1.74%, with a transaction volume of $3.912 billion. DA Davidson analyst Gil Luria upgraded the stock rating from "neutral" to "buy" on July 2, raising the target price from $165 to $175. This target price implies over 30% upside potential compared to the previous closing price.

Ranked 19th, Applied Materials rose by 2.35%, with a transaction volume of $3.721 billion. The company's CEO stated on July 9 that chip manufacturers have provided equipment demand outlooks for the next two years or even longer to ensure capacity expansion, suggesting that the AI-driven investment boom may last longer than expected Recently, Morgan Stanley, Goldman Sachs, and Haina International have raised their target prices, with Haina International setting a high of $900. Institutions are generally optimistic about the benefits logic in its expansion of AI computing infrastructure. In the past week (from July 2 to July 9), the stock price fluctuated nearly 20%, initially declining before rising.

(Screenshot from Sina Finance APP Market - US Stocks - Stock Market Sector Swipe for more data) Download the Sina Finance APP

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