Tesla Rises with 4.9% Surge: Volume Hits $27.28B in Trading Frenzy

1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.94%, with the trading volume of 32.43B. Nvidia and Microsoft are accused of patent infringement by Xockets. Nvidia invests in Applied Digital and Japanese AI company Sakana AI. B of A Securities reiterates a Buy rating on Nvidia with a $165 target price.

2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.90%, with the trading volume of 27.28B. Tesla denies Elon Musk's $1 billion Beijing house purchase rumor. Wolfe Research assumes Tesla at Peer Perform. Morgan Stanley reiterates Overweight on Tesla with a $310.00 target. Tesla reported Q2 2024 revenue of $46.801 billion and net profit of $2.638 billion.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.69%, with the trading volume of 8.14B. Apple's AirPods 4 will feature active noise cancellation. B of A Securities maintains a buy rating on Apple with a target price of $256. Apple reported Q3 2024 revenue of $296.1 billion and net profit of $79 billion. Bank of America notes the upcoming iPhone launch could positively catalyze Apple's stock.

4. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.63%, with the trading volume of 7.06B. Amazon.com experienced insider trading on September 5, 2024, with executive Herrington Douglas J selling 3,500 shares. The Bezos Earth Fund granted $30 million to advance alternative protein research at the National University of Singapore. The White House met with representatives from Amazon, Google, and Microsoft.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.12%, with the trading volume of 5.78B. White House officials met with representatives from Google, Amazon, and Microsoft. Xockets sued Nvidia and Microsoft for patent infringement in Texas. Microsoft apologized for communication issues regarding the game "Annontia: The Lost Song" on Xbox. Microsoft Surface Pro 10 5G will launch in China on December 17. UK approves Microsoft's merger with Inflection AI.

6. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.80%, with the trading volume of 4.45B. Cantor Fitzgerald initiates coverage of Meta with an Overweight rating and a $660 price target. Meta disclosed insider trading on September 3 and 4, with notable sales by executives. The company reported over 200 million downloads of its Llama AI model family in August.

7. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -0.84%, with the trading volume of 4.38B. Broadcom's quarterly revenue forecast fell short of analysts' expectations, highlighting weak growth in non-AI segments. The company projects $14 billion in fourth-quarter sales. Broadcom's CEO stated that the non-AI chip business has mostly bottomed out, while AI demand remains strong. Broadcom is also evaluating Intel's 18A process feasibility.

8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -1.01%, with the trading volume of 3.48B. AMD RX 7800M's 3DMark Time Spy score surpasses RTX 4070 by approximately 28%. OnexPlayer will launch an external GPU featuring AMD RX 7800M. AMD hired former NVIDIA executive as Senior Vice President of Global AI Market.

9. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 0.51%, with the trading volume of 2.94B. Alphabet A disclosed three insider transactions on September 5, and Cantor Fitzgerald initiated coverage with a neutral rating and a $190 price target. Wedbush reiterated an outperform rating. The White House met with representatives from Alphabet, Amazon, and Microsoft.

10. Eli Lilly Andmpany (NYSE: LLY)
Eli Lilly Andmpany dropped solidly by -3.62%, with the trading volume of 2.93B. Eli Lilly's insulin weekly formulation, efsitora, showed positive results in QWINT-1 and QWINT-3 Phase 3 trials, meeting primary endpoints. Eli Lilly signed a licensing deal with EVA Pharma to expand Olumiant supply in Africa. Eli Lilly disclosed four insider transactions on September 4, 2024.