Nvidia, SpaceX, and Palantir Lead Overnight Volume Surge

First in Overnight Trading VolumeNvidia surged 3.43% as volume reached 156.5 million shares. Elon Musk publicly endorsed Nvidia’s Vera Rubin architecture as the optimal choice for SpaceX’s massive AI compute expansion during the space company’s first earnings call. This exclusive partnership commitment signals sustained high demand for Nvidia hardware. The endorsement reinforces Nvidia’s dominant position in the AI infrastructure sector.

SpaceX posted 202.8 million shares traded with a 13.61% decline following its June IPO. The company reported Q2 revenue of $7.8 billion, marking a 92% year-over-year increase. Net losses narrowed to $541 million. Musk confirmed plans to build AI services exclusively on Nvidia systems.

Advanced Micro Devices saw 48.7 million shares change hands, dropping 7.04%. The semiconductor giant faces intense competition from Nvidia in the rapidly expanding AI chip market. Broader sector weakness and valuation concerns weighed on investor sentiment.

Sandisk experienced a 5.40% drop with 15.3 million shares traded. The memory storage manufacturer continues to navigate cyclical demand fluctuations in the global semiconductor supply chain.

Alphabet A recorded 46.6 million shares traded, falling 4.03%. The tech giant is undergoing a significant leadership overhaul in its AI division. DeepMind CEO Demis Hassabis is transitioning to chief scientist as the company delays its flagship Gemini model release.

Microsoft saw 33.2 million shares change hands, declining 1.09%. The software and cloud computing leader faces pressure from broader market volatility. Investors are closely watching cloud growth metrics amid heightened AI infrastructure spending by competitors.

Apple traded 49.1 million shares, rising 0.52%. The consumer electronics giant continues to expand its services ecosystem. Analysts remain divided on the near-term impact of hardware upgrade cycles.

Amazon.com saw 44.9 million shares traded, dropping 1.72%. The e-commerce and cloud provider faces mixed signals from retail demand and advertising revenue growth. AWS expansion remains a key long-term driver.

Alphabet C recorded 29.2 million shares, falling 4.05%. The stock reflects similar leadership and product delay concerns as its A-share counterpart. Regulatory scrutiny in the UK adds another layer of complexity.

Palantir traded 61.4 million shares, declining 2.60%. The company reported a blowout second quarter driven by accelerating adoption of its Foundry and AIP platforms. Revenue growth has accelerated for twelve consecutive quarters.

Tesla saw 27.7 million shares change hands, dropping 1.77%. The electric vehicle maker faces ongoing production and delivery challenges. Market attention remains focused on autonomous driving developments and energy storage growth.

Meta recorded 14.8 million shares traded, rising 0.14%. The social media giant continues to invest heavily in AI and metaverse technologies. Advertiser demand shows signs of stabilization after recent volatility.

Intel saw 84.7 million shares change hands, rising 0.20%. The chipmaker is advancing its EMIB-T packaging technology. United Microelectronics could benefit as a supplier for Intel’s advanced packaging substrates.

Eli Lilly traded 6.4 million shares, surging 4.86%. The pharmaceutical leader continues to expand its portfolio of weight-loss and diabetes treatments. Demand for its key medications remains robust globally.

Broadcom saw 16.7 million shares change hands, rising 0.03%. The semiconductor and infrastructure software company benefits from strong AI networking demand. Custom chip designs for major tech clients drive growth.

Shopify recorded 40.9 million shares, jumping 16.98%. The e-commerce platform sees strong merchant adoption and increased transaction volumes. Small and medium business engagement drives recurring revenue growth.

TSMC traded 12.7 million shares, declining 0.76%. The world’s largest contract chipmaker maintains its leadership in advanced semiconductor manufacturing. Global capacity expansion continues to meet surging AI chip demand.

Western Digital saw 9.3 million shares change hands, dropping 5.36%. The storage solutions provider faces margin pressure from intense competition in the hard drive and solid-state drive markets.

Applovin recorded 10.2 million shares traded, falling 0.45%. The mobile app platform and AI advertising company navigates shifting privacy regulations and advertiser budget reallocations.