Nvidia Leads with $36.90B Volume Amid AI Investment Surge
Generated by AI AgentAinvest Market Brief
Friday, Aug 16, 2024 6:31 pm ET2min read
GOOGL--
NVDA--
1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.40%, with the trading volume of 36.90B. NVIDIA's AI prominence highlighted, with Google's former CEO revealing plans for a significant $300 billion investment in AI data centers involving NVIDIA. Nvidia will also release a dedicated driver for the game Black Myth: Wukong.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.93%, with the trading volume of 19.16B. Cantor Fitzgerald reaffirmed Tesla's Neutral rating with a target price of $245. Tesla's mid-2024 report showed revenue of $46.801 billion, down 3.02% year-over-year. Tesla Cybertruck with green license plates appeared in Tianjin. Tesla Korea disclosed battery suppliers: CATL, Panasonic, LG Energy Solution.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.59%, with the trading volume of 9.92B. Apple secures Vision Pro headset patent for virtual iPhone/Mac trials and reintroduces Fortnite to iOS in the EU due to new regulations. Additionally, Apple announces an upcoming NFC functionality expansion with iOS 18.1 for developers.
4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.61%, with the trading volume of 9.23B. Microsoft reported a high-risk integer underflow bug in Windows 11. Microsoft Edge market share hit a record high of 13.74%. Users reported performance issues with Windows 10 and Server after August updates. Microsoft confirmed unexpected crashes in Office apps. New PowerToys Workspaces tool was demonstrated.
5. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.84%, with the trading volume of 7.78B. Meta's Q2 2024 earnings showed a 24.54% YoY revenue increase to $75.527 billion. Tigress Financial reaffirmed a Strong Buy rating with a $645.00 target. Meta launched the Quest HDMI Link app and introduced new features on Threads to attract businesses and content creators.
6. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.30%, with the trading volume of 5.58B. Amazon has warned Flex delivery drivers of payment delays, launched a "refund only" feature causing seller discontent, and achieved top performance in mid-year sales promotions. Additionally, Amazon Global Selling will debut its SPN service provider network at the 2024 Guangzhou Cross-Border E-commerce Fair.
7. Super Micromputer (Nasdaq: SMCI)
Super Micromputer gained mildly by 0.34%, with the trading volume of 5.03B. Advanced Micro Devices reported a transaction volume of $5.041 billion on August 16, 2024, ranking 7th in the U.S. stock market for the day. Strong demand continues to propel Advanced Micro Devices.
8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.81%, with the trading volume of 4.60B. AMD acquires European private AI lab for $6.8 billion; data center guidance improved; partners with ThunderSoft for smart cabins.
9. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 1.03%, with the trading volume of 3.95B. Google's former CEO Eric Schmidt apologized for comments on employee effort, as concerns shift towards management issues. Google launched its AI-integrated Pixel 9 series, aiming ahead of Apple's fall release. Insiders disclosed two Google trading activities on August 16, 2024.
10. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -0.25%, with the trading volume of 3.18B. Morgan Stanley's Q2 2024 13F report shows a 2.56% increase in total holdings to $1.29 trillion, with a notable $190 million investment in iShares Bitcoin Trust. Bridgewater Associates significantly reduced its Apple holdings, increased positions in Amazon and Microsoft, and slightly trimmed Nvidia holdings.
Nvidia gained mildly by 1.40%, with the trading volume of 36.90B. NVIDIA's AI prominence highlighted, with Google's former CEO revealing plans for a significant $300 billion investment in AI data centers involving NVIDIA. Nvidia will also release a dedicated driver for the game Black Myth: Wukong.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.93%, with the trading volume of 19.16B. Cantor Fitzgerald reaffirmed Tesla's Neutral rating with a target price of $245. Tesla's mid-2024 report showed revenue of $46.801 billion, down 3.02% year-over-year. Tesla Cybertruck with green license plates appeared in Tianjin. Tesla Korea disclosed battery suppliers: CATL, Panasonic, LG Energy Solution.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.59%, with the trading volume of 9.92B. Apple secures Vision Pro headset patent for virtual iPhone/Mac trials and reintroduces Fortnite to iOS in the EU due to new regulations. Additionally, Apple announces an upcoming NFC functionality expansion with iOS 18.1 for developers.
4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.61%, with the trading volume of 9.23B. Microsoft reported a high-risk integer underflow bug in Windows 11. Microsoft Edge market share hit a record high of 13.74%. Users reported performance issues with Windows 10 and Server after August updates. Microsoft confirmed unexpected crashes in Office apps. New PowerToys Workspaces tool was demonstrated.
5. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.84%, with the trading volume of 7.78B. Meta's Q2 2024 earnings showed a 24.54% YoY revenue increase to $75.527 billion. Tigress Financial reaffirmed a Strong Buy rating with a $645.00 target. Meta launched the Quest HDMI Link app and introduced new features on Threads to attract businesses and content creators.
6. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.30%, with the trading volume of 5.58B. Amazon has warned Flex delivery drivers of payment delays, launched a "refund only" feature causing seller discontent, and achieved top performance in mid-year sales promotions. Additionally, Amazon Global Selling will debut its SPN service provider network at the 2024 Guangzhou Cross-Border E-commerce Fair.
7. Super Micromputer (Nasdaq: SMCI)
Super Micromputer gained mildly by 0.34%, with the trading volume of 5.03B. Advanced Micro Devices reported a transaction volume of $5.041 billion on August 16, 2024, ranking 7th in the U.S. stock market for the day. Strong demand continues to propel Advanced Micro Devices.
8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.81%, with the trading volume of 4.60B. AMD acquires European private AI lab for $6.8 billion; data center guidance improved; partners with ThunderSoft for smart cabins.
9. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 1.03%, with the trading volume of 3.95B. Google's former CEO Eric Schmidt apologized for comments on employee effort, as concerns shift towards management issues. Google launched its AI-integrated Pixel 9 series, aiming ahead of Apple's fall release. Insiders disclosed two Google trading activities on August 16, 2024.
10. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -0.25%, with the trading volume of 3.18B. Morgan Stanley's Q2 2024 13F report shows a 2.56% increase in total holdings to $1.29 trillion, with a notable $190 million investment in iShares Bitcoin Trust. Bridgewater Associates significantly reduced its Apple holdings, increased positions in Amazon and Microsoft, and slightly trimmed Nvidia holdings.
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