Record Trade Volumes Shake Market: Nvidia Leads with 51B, Tesla Sees Gains

1. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.72%, with the trading volume of 51.35B. NVIDIA disclosed ten insider transactions on July 25, 2024. NVIDIA's board member HUANG JEN HSUN sold 55,000 shares on July 24, 2024. Citigroup reported NVIDIA launched NVIDIA AI Foundry, aiming to create customized supermodels for enterprises and nations. NVIDIA partners with TSMC to raise $9.5 billion.

2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.97%, with the trading volume of 22.21B. Tesla's 2024 mid-year report shows revenue of $46.801 billion (down 3.02% year-over-year) and net income of $2.638 billion. KGI Securities downgraded Tesla to Neutral, Roth MKM maintained a neutral rating, and Cantor Fitzgerald reaffirmed an Overweight rating. Elon Musk to discuss xAI investment with Tesla's board.

3. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.45%, with the trading volume of 12.40B. Microsoft's Windows systems were affected by a global outage caused by an update from cybersecurity firm Crowdstrike, impacting 8.5 million devices. Microsoft launched its largest-ever Microsoft Flight Simulator update. The company announced a partnership with Lumen Technologies to expand its AI data center network capacity.

4. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.48%, with the trading volume of 11.17B. Apple operates in a robust financial environment. Baird maintains an outperform rating, setting the target price at $240.00. Apple reported Q2 revenue of $210.328 billion, net profit of $57.552 billion, and EPS of $3.72. Apple's Shenzhen research lab is set to launch, bolstering local collaboration. Canalys reported a 4% decline in Q2 iPhone shipments in China.

5. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dropped solidly by -4.36%, with the trading volume of 8.50B. Advanced Micro Devices (AMD) has delayed the launch of its new Ryzen 9000 series processors to August due to quality issues. All previously shipped products have been recalled. Additionally, Samsung Electro-Mechanics will supply data center FC-BGA to AMD.

6. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.70%, with the trading volume of 8.28B. Meta Platforms's WhatsApp US users exceed 100 million monthly. Meta is facing its first EU antitrust fine, suspected of abusing market dominance by tying Facebook Marketplace with its social network. Wedbush reiterates Outperform rating with a target of $570.

7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.54%, with the trading volume of 7.72B. BMO Capital raises Amazon.com price target to $230 and maintains outperform rating. Mistral Large 2 is now available on Amazon Bedrock. Amazon's official overseas flagship store will launch on JD.com during 2024 Black Friday. NBA signs a $77 billion broadcasting deal with Disney, Comcast, and Amazon.

8. Alphabet (Nasdaq: GOOGL)
Alphabet dropped solidly by -3.10%, with the trading volume of 7.38B. Google released its 2024 mid-year report with revenue of $165.28 billion, net profit of $47.28 billion. UBS, JMP Securities, and Citigroup reaffirmed their ratings on Google, with targets of $204.00, $200.00, and $212.00 respectively. Google also unveiled the Pixel 9 Pro Fold details.

9. Servicenow (NYSE: NOW)
Servicenow surged by 13.31%, with the trading volume of 5.38B. ServiceNow reported second-quarter fiscal 2024 results with revenue up 22%, exceeding expectations. Baird, JP Morgan, Needham, and Canaccord Genuity maintained positive ratings on ServiceNow, with target prices of $900, $820, and $835 respectively.

10. Super Micromputer (Nasdaq: SMCI)
Super Micromputer dipped mildly by -2.24%, with the trading volume of 4.91B. Advanced Micro Devices reported a trading volume of $4.91 billion on July 25, 2024.