Market Turmoil: Nvidia & Tesla Lead Massive Volume Spike Amid Insider Moves and AI News

1. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -4.08%, with the trading volume of 42.05B. NVIDIA CEO Jensen Huang sold 240,000 shares for $25.8 million on September 4-5. NVIDIA disclosed 12 insider transactions on September 6. The company showcased AI advancements at the 2024 Tencent Global Digital Ecosystem Conference.

2. Tesla (Nasdaq: TSLA)
Tesla plunged by -8.45%, with the trading volume of 24.32B. Tesla aims to produce 1 billion humanoid robots annually, announced a 2025 Q1 timeline for FSD in China and Europe, intensified data collection in California, and denied Musk bought a $150 million property in Beijing.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.70%, with the trading volume of 10.63B. Apple Watch Series 10 to feature sleep apnea detection; iPhone 16 will likely maintain its price with edge refinements and updated WeChat support; upcoming Apple event to introduce new iPhones and AI platform; iPhone 16 Pro to support 4K 120 FPS video recording.

4. Broadcom (Nasdaq: AVGO)
Broadcom plunged by -10.36%, with the trading volume of 10.43B. Broadcom reported Q3 revenue of $13.072 billion and net income of $1.571 billion. Morgan Stanley and Benchmark maintained Overweight and Buy ratings with target prices of $180 and $210 respectively. AI-related product growth was below expectations, affecting semiconductor solutions revenue.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.64%, with the trading volume of 7.79B. Microsoft rolled out a significant firmware update for Surface Studio 2+, addressing Wi-Fi issues and security vulnerabilities. The UK's antitrust body approved Microsoft's deal with Inflection AI. Microsoft and Nvidia face a lawsuit over DPU patent infringement. Microsoft will announce three new XGP games at Tokyo Game Show.

6. Meta Platforms (Nasdaq: META)
Meta Platforms dropped solidly by -3.21%, with the trading volume of 7.40B. Meta disclosed internal transactions, with executives Newstead Jennifer selling 905 shares on September 3, 2024, and Olivan Javier selling 413 shares on August 30, 2024. Cantor Fitzgerald initiated coverage on Meta with an overweight rating and a $660.00 price target.

7. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -3.65%, with the trading volume of 6.99B. Amazon has upgraded its autonomous retail system with RFID and edge computing technologies. Insider transaction disclosed on September 5, revealing executive Herrington Douglas J sold 3,500 shares. Jeff Bezos' Earth Fund will sponsor $30 million for alternative protein research at the National University of Singapore.

8. Alphabet (Nasdaq: GOOGL)
Alphabet dropped solidly by -4.02%, with the trading volume of 5.69B. Google faces EU regulation issues over Android Auto access. Google DeepMind's new AI enhances protein affinity by 300 times, promising breakthroughs in cancer treatment. UK watchdog rules Google's self-promoting ad behavior as anti-competitive. Google's Google Photos launches a content inquiry feature in the US.

9. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dropped solidly by -3.65%, with the trading volume of 5.32B. AMD confirmed that the next-generation Ryzen handheld chip, Z2 Extreme, will be released in early 2025. The Ryzen Z1 and Z1 Extreme processors, released in April 2023, are already employed in ASUS ROG Ally and Lenovo Legion Go platforms.

10. Alphabet (Nasdaq: GOOG)
Alphabet dropped solidly by -4.08%, with the trading volume of 3.81B. Google is under scrutiny by the UK's Competition and Markets Authority for allegedly abusing its dominance in the ad tech sector. Additionally, Google DeepMind has introduced a new AI for protein design, showing promise in cancer treatment.