Explosive Trading: Nvidia, Tesla, and AMD Dominate Market with Massive Volumes!

Generated by AI AgentAinvest Market Brief
Monday, Aug 19, 2024 6:31 pm ET2min read
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1. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.35%, with the trading volume of 40.14B. Goldman Sachs reiterated a Buy rating on Nvidia with a target price of $135. Nvidia's quarterly report revealed revenue of $260.44 billion and net profit of $148.81 billion as of April 28, 2024.

2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.12%, with the trading volume of 16.75B. Cantor Fitzgerald reiterated a neutral rating on Tesla with a target price of $245.00. Piper Sandler maintained an overweight rating with a $300.00 target. Tesla's 2024 interim report revealed $46.801 billion in revenue as of June 30, a 3.02% decrease year-over-year.

3. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 4.52%, with the trading volume of 9.23B. Advanced Micro Devices (AMD) plans to launch four new products on October 10.

4. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.07%, with the trading volume of 9.11B. Apple reported Q3 2024 revenue of $296.1 billion and net profit of $79 billion. MoffettNathanson initiated coverage on Apple with a Neutral rating and a $211 price target. Apple increased pressure on Tencent and ByteDance regarding external payment systems.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.73%, with the trading volume of 6.38B. Microsoft is negotiating to relaunch "Deadpool" and "Marvel: Ultimate Alliance" on Xbox; a major update for Windows 10 focusing on MSN Feed; Microsoft warns AI tools are not substitutes for professional advice; Microsoft ARM-based AI laptops' shipments predicted to grow by 534% by 2029.

6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.66%, with the trading volume of 5.49B. Amazon plans to develop smaller, quieter MK30 drones, deploying them in college towns and Phoenix. Amazon faces complaints about noisy delivery drones, and Kindle users report significant issues with recent firmware updates. Amazon acquires Xperi subsidiary Perceive for $80 million to enhance edge AI technology.

7. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.35%, with the trading volume of 5.20B. Meta launched the HDMI Link app for Quest 2/3/Pro headsets, enabling them to function as 1080P wired monitors for devices like PS5 and computers.

8. Super Micromputer (Nasdaq: SMCI)
Super Micromputer dipped mildly by -0.82%, with the trading volume of 4.23B. Advanced Micro Devices achieved a trading volume of $4.229 billion on August 19, 2024, ranking 8th among U.S. stocks that day.

9. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 2.28%, with the trading volume of 3.71B. Google A reported Q2 2024 revenue of $165.28 billion and net profit of $47.28 billion. Needham reiterated a Buy rating with a target price of $210. Wanlian Securities noted Google's Gemini integration into various AI hardware during the Made by Google event.

10. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 1.20%, with the trading volume of 3.37B. Broadcom focuses on developing its AI business, including cloud AI and related technologies, aligning with industry trends.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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