US Stock Trading Value Top 20: Snowflake Leads AI Software Gains as Tesla and SpaceX Jump More Than 5%

U.S. stocks saw heavy trading on Thursday, with Nvidia, Tesla, SpaceX, Microsoft, Apple, Meta Platforms, Dell, Snowflake, and Alphabet among the most active names. According to Sina Finance, the session also featured several company updates and earnings reports. Nvidia rose 1.80% on trading volume of $30.5 billion. According to Sina Finance, Nvidia agreed to acquire AI startup Hugging Face for about $13 billion, including a share retention plan of up to $1 billion for Hugging Face employees who join Nvidia. Nvidia said it would keep the Hugging Face platform open and maintain the startup's existing operating model. Nvidia also said its NVIDIA RTX Spark Windows personal computer will go on sale in October 2026. Tesla jumped 5.42% on trading volume of $23.635 billion. According to Sina Finance, Tesla will officially unveil its Cybercab robotaxi on September 3 local time. Morgan Stanley said the key issue is whether Tesla can deploy 25 to 50 Cybercab vehicles in Texas for paid rides within days to weeks after the event. SpaceX surged 6.42% on trading volume of $18.021 billion. According to Sina Finance, SpaceX has applied to the U.S. Federal Communications Commission for permission to carry and operate a Starlink terminal during Starship's 14th flight test. Oppenheimer analyst Timothy Horan raised his price target on SpaceX to $280 from $250 and kept a Buy rating. Microsoft gained 2.68%. According to Sina Finance, Microsoft will begin quarterly disclosure of Azure sales starting in fiscal 2027 and will combine its intelligent cloud and productivity and business processes businesses into an "agent and infrastructure" division. It said Azure sales for the fiscal year ended in June exceeded $100 billion, up from $75 billion in the prior year. Apple rose 1.00%. According to Sina Finance, TrendForce estimated that the price increase for Apple's new models will be limited to 10% to 20%, with the iPhone Fold series expected to start at $2,099 to $2,299. Morgan Stanley said Apple's first foldable iPhone could contribute about $14 billion in revenue in the December quarter. Meta Platforms climbed 3.01%. According to Sina Finance, Meta released Muse Spark 1.3, its most powerful AI model to date. Meta Chief AI Officer Alexandr Wang said it marked the company's biggest leap in model performance so far. Dell advanced 4.91%. According to Sina Finance, Dell reported revenue of $46.97 billion for the fiscal second quarter ended July 31, up 58% from a year earlier and above analysts' average estimate of $44.92 billion. It also issued strong third-quarter guidance. Snowflake surged 16.55%. According to Sina Finance, Snowflake reported second-quarter revenue growth of 35% to $1.55 billion and raised its full-year outlook, expecting product revenue to grow 36% to about $6.07 billion. Alphabet Class A shares rose 1.59%. According to Sina Finance, Google DeepMind and Google Research announced WeatherNext 3, which they described as their most advanced and accurate global weather model.