Massive Trades Shake Markets: Nvidia, Tesla, Meta Top Volume Charts!
Wednesday, Jul 17, 2024 6:31 pm ET
2min read 1. Nvidia (Nasdaq: NVDA)
Nvidia plunged by -6.64%, with the trading volume of 45.76B. Nvidia disclosed 11 insider transactions on July 17, 2024, including Chairman Huang Jen Hsun selling 48,600 shares on July 16. Nvidia is also reported to have used unauthorized YouTube data to train AI models, alongside other major tech companies.
2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.14%, with the trading volume of 28.83B. Tesla expanded its AI and robotics team, recruiting 800 new employees. Barclays maintained its equal-weight rating on Tesla, raising the price target to $225. Cathie Wood reiterated autonomous taxi platforms as the largest AI project, projecting massive revenue potential for Tesla. Supercharger deployment is slowing.
3. Meta Platforms (Nasdaq: META)
Meta Platforms dropped solidly by -5.68%, with the trading volume of 13.04B. Wolfe Research initiates coverage on Meta with an outperform rating and a $620.00 price target. Meta reported Q1 2024 revenue of $36.455 billion. Meta disclosed 34 insider transactions on July 15, 2024, including Mark Zuckerberg selling 1,843 shares on July 12.
4. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.53%, with the trading volume of 12.76B. Apple Inc. collaborates with San Francisco Housing Accelerator Fund, Sobrato Philanthropies, and Destination: Home to launch the Bay Area Housing Innovation Fund, investing $50 million initially to construct over 400 affordable housing units in the next two years.
5. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices plunged by -10.21%, with the trading volume of 12.49B. Advanced Micro Devices (AMD) disclosed two insider transactions on July 17, 2024. Cantor Fitzgerald maintained an "overweight" rating on AMD with a target price of $200. AMD revealed new AI and economic CPUs, and design details for Zen 6/6c and Zen 5.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.33%, with the trading volume of 9.59B. Microsoft maintains a Buy rating from B of A Securities, with a target price raised to $510.00. The company confirmed Windows 11 24H2 updates for x86 computers later this year and faces a CMA inquiry in the UK over AI talent acquisition.
7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -2.64%, with the trading volume of 8.95B. Amazon's July 17 transaction volume was $9.004 billion. Barclays maintains Amazon's "Overweight" rating with a new price target of $220.00. Amazon's Q1 2024 revenue was $143.313 billion, net income $10.431 billion. Amazon's Prime Day sales reached $7.2 billion. Needham also maintains a "Buy" rating on Amazon.
8. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited plunged by -7.92%, with the trading volume of 7.44B. TSMC collaborates with SK Hynix to enhance memory performance. TSMC's 2nm chips will enter mass production in 2025, with Apple as a user. TSMC has raised advanced process quotes, driven by AI boosting the semiconductor industry's scale.
9. Broadcom (Nasdaq: AVGO)
Broadcom plunged by -7.91%, with the trading volume of 6.76B. Broadcom reported Q2 2024 revenue of $24.448 billion and net income of $3.446 billion. Cantor Fitzgerald maintained an Overweight rating, raised the price target to $2000, while TD Cowen maintained a Buy rating and adjusted the target to $210. Board member Tan Hock E sold 7502 shares on July 11, 2024.
10. Unitedhealth Group Incorporated (NYSE: UNH)
Unitedhealth Group Incorporated gained solidly by 4.43%, with the trading volume of 5.83B. UnitedHealth Group reported 2024 Q2 results with $1986.51 billion revenue, a 7.48% increase year-on-year, and $32 billion net income. Morgan Stanley maintains an Overweight rating with a $615 target. Jefferies upgrades to Buy with a $647 target. Baird's Outperform rating targets $640.
Nvidia plunged by -6.64%, with the trading volume of 45.76B. Nvidia disclosed 11 insider transactions on July 17, 2024, including Chairman Huang Jen Hsun selling 48,600 shares on July 16. Nvidia is also reported to have used unauthorized YouTube data to train AI models, alongside other major tech companies.
2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.14%, with the trading volume of 28.83B. Tesla expanded its AI and robotics team, recruiting 800 new employees. Barclays maintained its equal-weight rating on Tesla, raising the price target to $225. Cathie Wood reiterated autonomous taxi platforms as the largest AI project, projecting massive revenue potential for Tesla. Supercharger deployment is slowing.
3. Meta Platforms (Nasdaq: META)
Meta Platforms dropped solidly by -5.68%, with the trading volume of 13.04B. Wolfe Research initiates coverage on Meta with an outperform rating and a $620.00 price target. Meta reported Q1 2024 revenue of $36.455 billion. Meta disclosed 34 insider transactions on July 15, 2024, including Mark Zuckerberg selling 1,843 shares on July 12.
4. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.53%, with the trading volume of 12.76B. Apple Inc. collaborates with San Francisco Housing Accelerator Fund, Sobrato Philanthropies, and Destination: Home to launch the Bay Area Housing Innovation Fund, investing $50 million initially to construct over 400 affordable housing units in the next two years.
5. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices plunged by -10.21%, with the trading volume of 12.49B. Advanced Micro Devices (AMD) disclosed two insider transactions on July 17, 2024. Cantor Fitzgerald maintained an "overweight" rating on AMD with a target price of $200. AMD revealed new AI and economic CPUs, and design details for Zen 6/6c and Zen 5.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.33%, with the trading volume of 9.59B. Microsoft maintains a Buy rating from B of A Securities, with a target price raised to $510.00. The company confirmed Windows 11 24H2 updates for x86 computers later this year and faces a CMA inquiry in the UK over AI talent acquisition.
7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -2.64%, with the trading volume of 8.95B. Amazon's July 17 transaction volume was $9.004 billion. Barclays maintains Amazon's "Overweight" rating with a new price target of $220.00. Amazon's Q1 2024 revenue was $143.313 billion, net income $10.431 billion. Amazon's Prime Day sales reached $7.2 billion. Needham also maintains a "Buy" rating on Amazon.
8. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited plunged by -7.92%, with the trading volume of 7.44B. TSMC collaborates with SK Hynix to enhance memory performance. TSMC's 2nm chips will enter mass production in 2025, with Apple as a user. TSMC has raised advanced process quotes, driven by AI boosting the semiconductor industry's scale.
9. Broadcom (Nasdaq: AVGO)
Broadcom plunged by -7.91%, with the trading volume of 6.76B. Broadcom reported Q2 2024 revenue of $24.448 billion and net income of $3.446 billion. Cantor Fitzgerald maintained an Overweight rating, raised the price target to $2000, while TD Cowen maintained a Buy rating and adjusted the target to $210. Board member Tan Hock E sold 7502 shares on July 11, 2024.
10. Unitedhealth Group Incorporated (NYSE: UNH)
Unitedhealth Group Incorporated gained solidly by 4.43%, with the trading volume of 5.83B. UnitedHealth Group reported 2024 Q2 results with $1986.51 billion revenue, a 7.48% increase year-on-year, and $32 billion net income. Morgan Stanley maintains an Overweight rating with a $615 target. Jefferies upgrades to Buy with a $647 target. Baird's Outperform rating targets $640.
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