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Nvidia Leads US Stock Volume with $38.10B as Gaming Innovations Dazzle

AInvestTuesday, Aug 27, 2024 6:31 pm ET
2min read
1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.46%, with the trading volume of 38.10B. Nvidia's August 27 trading volume reached $38.486 billion, ranking first in US stocks that day. Truist Securities maintains its Buy rating for Nvidia and raises its price target to $145.00. Nvidia unveils its Nemotron-4 4B model at Gamescom 2024, enhancing game character responses.

2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.88%, with the trading volume of 13.12B. Tesla is constructing a Semi truck factory and re-entering China's insurance market. Tesla secured a significant overseas order for 2.08GWh with Sungrow. CEO Elon Musk showcased Tesla's powerful Cortex supercomputer consuming over 500MW and supports California's AI safety bill SB 1047.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.37%, with the trading volume of 8.16B. Apple plans to launch new iPhone 16 and other products on September 9. It reported Q3 2024 revenue of $2961.05 billion and net profit of $790 billion. Citigroup, Morgan Stanley, and Evercore ISI Group all maintain positive ratings on Apple.

4. Super Micromputer (Nasdaq: SMCI)
Super Micromputer dipped mildly by -2.64%, with the trading volume of 6.27B. Hindenburg released a short report alleging accounting manipulation and undisclosed related-party transactions at Super Micro Computer. The stock initially fell nearly 7% but later narrowed losses to around 2%.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.09%, with the trading volume of 5.56B. Former Microsoft engineer repurposes junkyard parts to build PDP-11 computer. Microsoft announces removal of classic feature, receiving 77% user opposition. Microsoft Azure remains a top cloud infrastructure provider. Microsoft CEO Satya Nadella sold 14,398 shares for approximately $6 million.

6. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.34%, with the trading volume of 5.26B. Inspur Energy and AMD co-hosted the "Intelligent Genesis, Infinite Innovation" automotive forum on August 24. AMD is planning four RDNA 4 GPUs. A new AMD GPU, gfx1201, appeared in GeekBench with 16GB VRAM and a peak frequency of 2101MHz.

7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -1.36%, with the trading volume of 5.15B. Amazon shareholders approved the merger of ecommerce aggregators Branded and Heyday. Amazon introduced Xbox game streaming support on its Fire TV devices and plans a major Alexa maintenance in October. Wells Fargo maintains its Overweight rating on Amazon.com with a price target of $225.

8. Pdd Holdings (Nasdaq: PDD)
Pdd Holdings dropped solidly by -4.09%, with the trading volume of 3.86B. Pinduoduo's Q2 2024 earnings missed expectations slightly, causing a significant stock drop. Management emphasized prioritizing growth quality over rapid expansion and avoiding buybacks or dividends to retain resources. Benchmark rated Pinduoduo as "buy" with a $185 target, while Citigroup downgraded to "neutral" with a $120 target.

9. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.39%, with the trading volume of 3.26B. Meta CEO Mark Zuckerberg criticized the Biden administration for pressuring the company to censor COVID-19 content. Meta has ceased funding election management for local governments and canceled high-end mixed reality headset development due to high costs. Meta has signed a geothermal energy deal with Sage Geosystems for its U.S. data centers.

10. Eli Lilly Andmpany (NYSE: LLY)
Eli Lilly Andmpany gained mildly by 0.42%, with the trading volume of 2.79B. Eli Lilly launched single-dose vials of tirzepatide injection and started selling its weight-loss drug Zepbound at a 50% discount to address supply shortages. Morgan Stanley reiterated an overweight rating with a price target of $1106. An internal trade was disclosed involving executive Zakrowski Donald A.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.