Explosive Trading Volumes as Giants like Nvidia and Tesla Make Headlines!

1. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.21%, with the trading volume of 30.16B. NVIDIA will release its second-quarter earnings later this month amid strong AI chip demand. Mizuho Securities increased the company's target price to $132 due to strong accelerator orders. NVIDIA announced GeForce NOW cloud gaming service now supports 2000 games. TrendForce reported NVIDIA plans to launch B100 and B200 chips in H2 2024.

2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.58%, with the trading volume of 11.54B. RBC Capital maintains Tesla's rating as outperform with a target price of $224.00. U.S. Senator Elizabeth Warren urges an investigation into Elon Musk potentially using Tesla resources for his other ventures. Tesla is introducing the Semi truck in Europe and has launched the Cybertruck in Canada.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.37%, with the trading volume of 8.85B. Apple is rumored to introduce a redesigned Mac mini with M4 chip, expected to be the smallest desktop Mac ever. The company may also have Samsung Display as the primary supplier for the next-generation iPad Air featuring OLED screens.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.83%, with the trading volume of 7.40B. Microsoft plans to port Capcom's classic game Street Fighter V to the Xbox platform. PC users are increasingly adopting Windows 11, with its market share surpassing 30% for the first time. Microsoft XBox Mobile Store may launch soon with an official website already live. Microsoft addresses "blue screen" issues, denying sole responsibility.

5. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 1.60%, with the trading volume of 7.02B. Meta's board member Peggy Alford sold 1,052 shares on August 6, 2024. Meta is negotiating with Jio for Horizon OS licensing. Meta is also negotiating with Hollywood stars for AI voice projects. Meta issued $10.5 billion in bonds and received an AA- rating from S&P. Meta closed Ready at Dawn VR game studio.

6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.69%, with the trading volume of 5.97B. Amazon has announced a $40 billion investment in AI startup Anthropic, which is undergoing a first-phase investigation by the UK Competition and Markets Authority (CMA) to assess its impact on market competition. Additionally, Amazon has partnered with TikTok to enable in-app shopping.

7. Eli Lilly Andmpany (NYSE: LLY)
Eli Lilly Andmpany gained solidly by 5.57%, with the trading volume of 5.78B. Eli Lilly reported second-quarter revenue of $20.071 billion, up 31.42% year-over-year, with a net profit of $5.21 billion. Wells Fargo, B of A Securities, and BMO Capital maintain favorable ratings with increased price targets of $1000, $1125, and $1101 respectively.

8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -1.50%, with the trading volume of 5.43B. Advanced Micro Devices (AMD) saw its Ryzen 5 9600X overclocked to 7 GHz, setting a new Zen 5 record. Additionally, AMD's Ryzen 5 9600X processors quickly sold out upon release, with more powerful models like the Ryzen 9 9950X available on August 15.

9. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 1.01%, with the trading volume of 4.61B. The U.S. Department of Justice may seek significant changes at Google, such as forcing the divestiture of Android, following their antitrust lawsuit victory. OPPO's Chief Product Officer announced that OPPO phones will incorporate Google's Gemini AI model, achieving remarkable AI results.

10. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited gained mildly by 1.59%, with the trading volume of 3.33B. Greenwoods Asset Management Hong Kong Ltd. increased their holdings in Pinduoduo, Alibaba, and TSMC in Q2 while exiting JD. TSMC reported a record high revenue for July 2024 of NT$256.95 billion, up 44.7% YoY and 23.6% MoM.