Magnificient 7: NVDA surged 4.35% as Goldman Sachs reiterated its buy rating

1. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.35%. Goldman Sachs reiterated its buy rating for Nvidia on August 19, setting a new price target of $135.00. Nvidia's trading volume on the same day reached $401.52 billion, ranking it first in the US stock market.

2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.05%. Tesla released its mid-year report on July 24, 2024, recording $46.8 billion in revenue, down 3.02% year-over-year. On August 19, 2024, Cantor Fitzgerald reaffirmed its Neutral rating for Tesla with a target price of $245, while Piper Sandler maintained an Overweight rating with a target price of $300.

3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 2.22%. Google's A shares had a trading volume of $3.707 billion on August 19 and ranked ninth in U.S. markets. Needham reiterated its buy rating for Google A with a target price of $210. On July 24, Google reported Q2 2024 revenue of $165.281 billion and net profit of $47.281 billion.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.73%. Microsoft's turnover on August 19 was $6.377 billion, ranking fifth on the US stock market that day. Microsoft is actively negotiating to relicense "Deadpool" and "Marvel: Ultimate Alliance" games for Xbox. According to Omdia, Microsoft ARM-based AI laptops will see a 534% growth in shipments by 2029.

5. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.66%. Amazon reported a transaction volume of $5.523 billion on August 19, ranking 6th in the US stock market. Amazon to develop quieter drones, addressing noise complaints. Kindle faces issues with recent firmware update. Amazon acquires Perceive for $80 million to enhance edge AI technology.

6. Meta (Nasdaq: META)
Meta gained mildly by 0.35%. Meta's trading volume was USD 5.199 billion on August 19, ranking 7th among US stocks that day. Meta launched the HDMI Link app for Quest 2/3/Pro headsets, allowing them to serve as external displays for devices like PS5.

7. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.07%. Apple's trading volume on August 19 was $9.129 billion, ranking fourth in the US market. MoffettNathanson initiated coverage on Apple with a neutral rating and a price target of $211. Apple is exerting pressure on WeChat and TikTok regarding third-party payment systems.