Staggering Trade Volumes: Nvidia, Tesla, and Snowflake Dominate Market!

1. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -3.70%, with the trading volume of 46.93B. Rosenblatt maintained a Buy rating on Nvidia with a target price of $200. Nvidia's Q1 2025 earnings report showed revenues of $26.044 billion and a net profit of $14.881 billion. Nvidia hosted a startup showcase event in Hong Kong. SK Telecom and Lambda will launch an AI data center in Seoul using Nvidia's H100 GPUs.

2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -5.65%, with the trading volume of 17.15B. Tesla's senior vice president of finance and operations, Sreela Venkataratnam, departed amidst uncertainties in its core electric vehicle business. Additionally, BMW surpassed Tesla in EU electric vehicle sales in July. Tesla's Cybertruck begins FSD testing, with an upgraded version coming in September. Tesla will recall over 9,000 Model X vehicles in the US due to potential roof trim issues. Tesla showcased its humanoid robot Optimus at the World Robot Conference in Beijing.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.83%, with the trading volume of 9.79B. Apple will provide more default browser options for EU users, with new features launching later this year. Analyst Ming-Chi Kuo reports Apple's foldable MacBook mass production is delayed to late 2027 or 2028. Additionally, the Apple App Store vice president has resigned, prompting a team restructure.

4. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.60%, with the trading volume of 8.10B. Meta Platforms has significantly invested in AI, boosting investor confidence despite increasing capital expenditures. Meta upgraded its Quest 2 headset for enhanced tracking and introduced new web crawlers for AI model training. Additionally, Meta disclosed 48 insider transactions on August 21.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.02%, with the trading volume of 8.07B. Microsoft launched the Xbox Adaptive Joystick, designed for disabled users, priced at $29.99, available early 2025. Microsoft signed an agreement with Samsung to develop Micro-OLED displays for its MR headsets. Microsoft adjusted its reporting structure for clearer AI growth presentation.

6. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dropped solidly by -3.87%, with the trading volume of 7.04B. Advanced Micro Devices (AMD) disclosed nine insider transactions on August 22, 2024, including board member Lisa Su purchasing 80,000 shares. AMD plans to establish R&D centers in Tainan and Kaohsiung, Taiwan. Edward Jones rated AMD as a "buy" on August 20, 2024.

7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -2.21%, with the trading volume of 5.67B. Amazon AWS will invest over $6.2 billion in Malaysia, with a new cloud region now operational. Amazon's India market sees 25% sales growth in three categories. Amazon releases a white paper on cross-border e-commerce with six innovation paths. A new $300 million Amazon distribution center is now operational in the US.

8. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -2.08%, with the trading volume of 4.97B. Broadcom reported a trading volume of $4.972 billion on August 22, 2024, marking an 87.18% increase compared to the previous day.

9. Snowflake (NYSE: SNOW)
Snowflake plunged by -14.70%, with the trading volume of 4.39B. Snowflake reported second-quarter fiscal 2025 revenue of $868.8 million, exceeding market expectations. The company raised its full-year product revenue forecast to $3.36 billion. Barclays maintains an equal-weight rating with a $142.00 price target, while Rosenblatt lowered its buy rating target to $180.00.

10. Super Micromputer (Nasdaq: SMCI)
Super Micromputer dropped solidly by -3.04%, with the trading volume of 3.74B. Advanced Micro Devices saw a trading volume of $3.738 billion on August 22, 2024, ranking 10th among U.S. stocks that day. The company also experienced a share price increase of over 2%.