icon
icon
icon
icon
Upgrade
icon

Nvidia Leads with $36.90B Volume Amid AI Investment Surge

AInvestFriday, Aug 16, 2024 6:31 pm ET
2min read
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.
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.