Surging Volumes: Nvidia Headlines as Microstrategy and Super Microcomputer Soar!

1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.24%, with the trading volume of 44.10B. NVIDIA unveiled Avatar Cloud Engine to enhance dynamic NPC design. CEO Jensen Huang's wealth reportedly surpasses Intel's market value. Rumors about the release of RTX 5090 are circulating frequently.

2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.70%, with the trading volume of 16.52B. Cantor Fitzgerald reaffirms Tesla's neutral rating with a target price of $245. Tesla's mid-year report shows $46.801 billion revenue, down 3.02% year-on-year. Tesla plans to release four new batteries by 2026, with the 100 millionth 4680 cell produced in September.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.25%, with the trading volume of 8.72B. Apple announced Q3 2024 earnings with revenue of $296.1 billion and net profit of $79 billion. Jefferies downgraded Apple to "hold" with a target of $205, citing overestimated iPhone sales. Apple plans to unveil the M4 chip, including in a new MacBook Pro.

4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.57%, with the trading volume of 8.54B. Microsoft confirmed some PS Showcase games will be available on Xbox.

5. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -3.06%, with the trading volume of 7.61B. Wells Fargo downgraded Amazon.com to Equal-Weight, setting a price target of $183.00, while Cantor Fitzgerald reaffirmed an Overweight rating with a $230.00 target. Amazon may cut 14,000 managers to save $3 billion annually.

6. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.87%, with the trading volume of 7.06B. Meta received a "Buy" rating from Guggenheim with a $665 target and an "Overweight" from Cantor Fitzgerald at $660. CEO Mark Zuckerberg's net worth reached $211 billion, making him the world's second-richest person after Elon Musk.

7. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.04%, with the trading volume of 6.52B. Cantor Fitzgerald reiterated an Overweight rating for Advanced Micro Devices with a target price of $180. Additionally, Advanced Micro Devices reported Q2 2024 revenue of $113.08 billion and net profit of $388 million.

8. Super Micromputer (Nasdaq: SMCI)
Super Micromputer surged by 15.79%, with the trading volume of 4.85B. Super Micro Computer, Inc. reported positive shipment data, marking its largest single-day gain since March. Recent news includes a 1-for-10 stock split completion.

9. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited gained mildly by 2.62%, with the trading volume of 4.43B. Macquarie upgraded Alibaba's rating to outperform, while Daiwa increased its H-share target price to HKD 146, maintaining a buy rating. A large transaction of 1.3 million Alibaba shares was made in Hong Kong at HKD 112.947 each.

10. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 5.43%, with the trading volume of 3.68B. Microstrategy reported a trading volume of $3.676 billion, marking a 52.20% increase from the previous day.