Explosive Insights: Nvidia and Meta Surge Amid High Trading Volume
Thursday, Jul 18, 2024 6:31 pm ET
NVDA --
1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.80%, with the trading volume of 38.18B. NVIDIA invested $80 million in Israeli AI healthcare startup Cytoreason, which develops disease detection models using AI. Hall electric thruster core components from Guoguang Electric Co., Ltd. have commenced mass sales.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.29%, with the trading volume of 27.85B. Tesla saw a 24% sales drop in California Q2 2024; Morgan Stanley and Barclays confirmed ratings with targets of $230 and $225 respectively; released app update to reduce idle power drain; narrowly maintained a top-ten position in European market; unveiled Cybertruck accessories.
3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.03%, with the trading volume of 14.83B. Apple's trading volume on July 18 was $14.826 billion. Apple’s iPhone 16 may not see increased orders according to analyst Ming-Chi Kuo. Goldman Sachs maintains a Buy rating on Apple, with a price target of $265. Apple is negotiating for more film rights for Apple TV+.
4. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -2.30%, with the trading volume of 10.84B. AMD reported AI PCs are driving shipments, with Q2 2024 global PC shipments up 3.1% to 62.5 million units. Additionally, internal trading data for AMD disclosed two transactions by its executive Mark D. Papermaster on July 15, 2024.
5. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -2.22%, with the trading volume of 9.38B. Amazon's Prime Day event boosted U.S. online spending to a record $14.2 billion, an 11% increase year-over-year. Amazon confirmed record sales and the highest number of items sold in a two-day span. Separately, a UK union accused Amazon of improperly influencing a warehouse workers' unionization vote.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.71%, with the trading volume of 9.09B. TD Cowen maintains a buy rating on Microsoft with a price target of $495. Google, Microsoft, and 12 other tech companies establish the "Coalition for Safe AI."
7. Meta Platforms (Nasdaq: META)
Meta Platforms gained solidly by 3.00%, with the trading volume of 8.94B. Meta Platforms announced it will not offer its new multimodal AI model Llama in the EU due to regulatory unpredictability. Meanwhile, Meta is exploring potential multi-billion euro investments in eyewear brand EssilorLuxottica. Additionally, insider trading details were reported, involving transactions by significant shareholder Mark Zuckerberg.
8. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited gained mildly by 0.33%, with the trading volume of 8.76B. Apple iPhone 16 orders may not increase, as indicated by recent reports from key suppliers TSMC and Largan Precision. TSMC's mid-2024 report showed revenue at NT$1.27 trillion, with net income at NT$472.88 billion. TSMC's Q2 revenue from high-performance computing surpassed 50%, driven by AI demand.
9. Eli Lilly Andmpany (NYSE: LLY)
Eli Lilly Andmpany plunged by -6.24%, with the trading volume of 6.54B. Eli Lilly (LLY) disclosed five insider transactions on July 16, including a buy of 16 shares by director Luciano Juan R. Eli Lilly's lupus Phase 2 trial for BTLA antibody failed. The company saw increased trading volume amid Roche's positive clinical trial results for its weight-loss drug.
10. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 2.91%, with the trading volume of 5.96B. Broadcom reported Q2 2024 revenue of $24.448 billion and net income of $3.446 billion. OpenAI is in talks with Broadcom to develop new AI chips. Cantor Fitzgerald maintained an Overweight rating with a new target of $2000.00. TD Cowen maintained a Buy rating with a target of $210.00.
Nvidia gained mildly by 2.80%, with the trading volume of 38.18B. NVIDIA invested $80 million in Israeli AI healthcare startup Cytoreason, which develops disease detection models using AI. Hall electric thruster core components from Guoguang Electric Co., Ltd. have commenced mass sales.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.29%, with the trading volume of 27.85B. Tesla saw a 24% sales drop in California Q2 2024; Morgan Stanley and Barclays confirmed ratings with targets of $230 and $225 respectively; released app update to reduce idle power drain; narrowly maintained a top-ten position in European market; unveiled Cybertruck accessories.
3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.03%, with the trading volume of 14.83B. Apple's trading volume on July 18 was $14.826 billion. Apple’s iPhone 16 may not see increased orders according to analyst Ming-Chi Kuo. Goldman Sachs maintains a Buy rating on Apple, with a price target of $265. Apple is negotiating for more film rights for Apple TV+.
4. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -2.30%, with the trading volume of 10.84B. AMD reported AI PCs are driving shipments, with Q2 2024 global PC shipments up 3.1% to 62.5 million units. Additionally, internal trading data for AMD disclosed two transactions by its executive Mark D. Papermaster on July 15, 2024.
5. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -2.22%, with the trading volume of 9.38B. Amazon's Prime Day event boosted U.S. online spending to a record $14.2 billion, an 11% increase year-over-year. Amazon confirmed record sales and the highest number of items sold in a two-day span. Separately, a UK union accused Amazon of improperly influencing a warehouse workers' unionization vote.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.71%, with the trading volume of 9.09B. TD Cowen maintains a buy rating on Microsoft with a price target of $495. Google, Microsoft, and 12 other tech companies establish the "Coalition for Safe AI."
7. Meta Platforms (Nasdaq: META)
Meta Platforms gained solidly by 3.00%, with the trading volume of 8.94B. Meta Platforms announced it will not offer its new multimodal AI model Llama in the EU due to regulatory unpredictability. Meanwhile, Meta is exploring potential multi-billion euro investments in eyewear brand EssilorLuxottica. Additionally, insider trading details were reported, involving transactions by significant shareholder Mark Zuckerberg.
8. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited gained mildly by 0.33%, with the trading volume of 8.76B. Apple iPhone 16 orders may not increase, as indicated by recent reports from key suppliers TSMC and Largan Precision. TSMC's mid-2024 report showed revenue at NT$1.27 trillion, with net income at NT$472.88 billion. TSMC's Q2 revenue from high-performance computing surpassed 50%, driven by AI demand.
9. Eli Lilly Andmpany (NYSE: LLY)
Eli Lilly Andmpany plunged by -6.24%, with the trading volume of 6.54B. Eli Lilly (LLY) disclosed five insider transactions on July 16, including a buy of 16 shares by director Luciano Juan R. Eli Lilly's lupus Phase 2 trial for BTLA antibody failed. The company saw increased trading volume amid Roche's positive clinical trial results for its weight-loss drug.
10. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 2.91%, with the trading volume of 5.96B. Broadcom reported Q2 2024 revenue of $24.448 billion and net income of $3.446 billion. OpenAI is in talks with Broadcom to develop new AI chips. Cantor Fitzgerald maintained an Overweight rating with a new target of $2000.00. TD Cowen maintained a Buy rating with a target of $210.00.