Market Movers: Nvidia and Target Lead High-Volume Trading Surge

1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.98%, with the trading volume of 32.87B. Nvidia's AI NPC platform ACE allows game developers to create fully voiced, dynamic characters. HSBC maintains Buy rating on Nvidia, target $145. Zeekr's first SUV with Nvidia Thor chip targeted for Q3 2025. Nvidia's new game trailer highlights support for ray tracing and DLSS 3.

2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.98%, with the trading volume of 15.51B. Tesla revealed upgraded interior for the new Model Y. Tesla will recall over 9,000 Model X vehicles in the US due to potential roof trim detachment. The EU Commission has exempted Tesla from new China-related electric vehicle tariffs, unlike other Chinese carmakers.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.05%, with the trading volume of 7.56B. The UK's antitrust watchdog has concluded its investigation into Google's and Apple's app stores, planning new rules to enhance digital market competition. Apple may unveil the fourth-generation AirPods and potentially release the iPhone 16 on September 10.

4. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 1.60%, with the trading volume of 7.15B. Meta has launched a new web crawling program, Meta-External Agent and Meta-External Fetcher, to collect internet data for training its AI models. Meta disclosed 62 insider transactions on August 19, 2024. With the SDK open, Quest 3's immerGallery 3D camera app has been released.

5. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.90%, with the trading volume of 6.68B. Advanced Micro Devices reported 2024 mid-year revenue of $11.3 billion and net income of $388 million. Edward Jones initiated coverage on AMD with a buy rating. AMD acquired ZT Systems for $4.9 billion. Additionally, AMD released Adrenalin 24.8.1 driver updates for several games.

6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.15%, with the trading volume of 6.66B. Microsoft forecasts Q1 Intelligent Cloud revenue between $23.8 billion and $24.1 billion. Microsoft launches the Phi-3.5 series AI models, introducing the first mixed expert model. Microsoft releases a unified Teams app supporting work, personal, and educational accounts. Microsoft tests a $1 Xbox Game Pass Standard subscription.

7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.69%, with the trading volume of 6.32B. Amazon's new $300 million U.S. distribution center is operational. AI startup Anthropic, supported by Amazon, faces a data copyright lawsuit in federal court. Amazon Games announced the online cooperative slashing game "King of Meat" at the 2024 Cologne Games Show.

8. Target (NYSE: TGT)
Target surged by 10.36%, with the trading volume of 4.15B. Target Corporation saw a significant increase in trading volume to $4.152 billion on August 21. The company’s Q2 sales rose 2.6% to $25.02 billion, beating market expectations. Both Morgan Stanley and Telsey Advisory Group maintain favorable ratings on Target, with a price target of $190 from Telsey.

9. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -0.80%, with the trading volume of 3.66B. Google faces renewed class-action lawsuit over Chrome's data collection in a U.S. appeals court. UK regulator ends Google Play Store antitrust probe, plans new digital competition rules. Energix Renewables inks long-term solar power agreement with Google for AI data centers' energy needs.

10. Super Micromputer (Nasdaq: SMCI)
Super Micromputer gained mildly by 2.11%, with the trading volume of 3.52B. Advanced Micro Devices announced a $49 billion acquisition. The company's trading volume on August 21 totaled $3.524 billion, making it the 10th highest in the U.S. stock market that day. The stock gained over 2% alongside Edwards Lifesciences and Cognex.