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Nvidia, Tesla, Apple: Trading Volumes Soar Amid Strategic Shifts and Market Reactions

AInvestWednesday, Aug 14, 2024 6:31 pm ET
2min read
1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.67%, with the trading volume of 39.36B. Bridgewater reduced its Nvidia holdings by 489,000 shares and Apple by almost 75%, while increasing Amazon and Microsoft positions significantly in Q2. Nvidia's RTX technology is now implemented in 500 games. Citigroup and Goldman Sachs both reported reductions in their Nvidia holdings for the same period.

2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.10%, with the trading volume of 14.08B. Tesla's trading volume on August 14 reached $14.075 billion. Truist Securities maintained its hold rating on Tesla with a revised target price of $215. Goldman Sachs lowered Tesla's target price to $230 and maintained a neutral rating. UAW filed federal labor charges against Elon Musk.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.20%, with the trading volume of 8.83B. Apple's trading volume reached $9.273 billion on August 14, 2024. Bridgewater Fund reduced Apple holdings by nearly 75% in Q2. Hedge funds bought Apple most in Q2. Berkshire Hathaway decreased Apple stake to 30.52%. Apple advances in desktop robot development. Tencent is negotiating game revenues with Apple.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.69%, with the trading volume of 6.99B. Bridgewater significantly increased its holdings in Microsoft by 88% adding 51 million shares in Q2. The Bill & Melinda Gates Foundation Trust reduced its position in Microsoft, while GPFG slightly increased its holdings. Goldman Sachs also increased its position in Microsoft in Q2.

5. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -2.31%, with the trading volume of 6.38B. Bridgewater Associates significantly reduced its Apple holding by nearly 75% to 469,000 shares in Q2, while also cutting shares in Nvidia, Google, and Pinduoduo. It increased holdings in Amazon and Microsoft by 152% and 88%, respectively.

6. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.34%, with the trading volume of 6.04B. Meta is facing lawsuits from celebrities over unauthorized use of their likenesses in false ads. Additionally, Meta and Universal Music Group have renewed their licensing agreement to support the metaverse music industry, addressing AI music issues and protecting artists' rights.

7. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -0.27%, with the trading volume of 4.92B. AMD announced the acquisition of Silo AI, Europe's largest private AI lab, for $6.65 billion. AMD's server CPU market share rose to 24.1% in Q2 2024. AMD and Intel increased PC CPU shipments in Q2, alleviating supply surplus issues.

8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.08%, with the trading volume of 4.89B. Bridgewater reduced Apple holdings by nearly 75% and increased Amazon holdings by 152% in Q2 2024. Amazon has been actively assisting Chinese authorities to combat counterfeit sellers, resulting in over 30 enforcement actions in 2024.

9. Starbucks (Nasdaq: SBUX)
Starbucks dipped mildly by -2.09%, with the trading volume of 4.27B. Starbucks released its Q3 2024 report with $271.02 billion in revenue and $28.53 billion in net profit. TD Cowen, Barclays, and Deutsche Bank reaffirmed buy ratings with target prices at $105.00, $110.00, and $118.00 respectively. Brian Niccol becomes the new CEO.

10. Super Micromputer (Nasdaq: SMCI)
Super Micromputer gained mildly by 1.70%, with the trading volume of 3.92B. Advanced Micro Devices disclosed seven insider transactions on August 13, 2024, with Director Liaw Yih-Shyan Wally selling 222 shares on August 10, 2024.
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.