Starbucks Surges with Massive 24.5% Gain Amid Record Trading Volume

1. Nvidia (Nasdaq: NVDA)
Nvidia surged by 6.53%, with the trading volume of 35.43B. Nvidia saw notable investor activity in Q2: BlackRock and Vanguard increased their stakes, while Vanguard sold 18.75M Amazon shares. CEO Jensen Huang sold shares in August, accumulating $86.76M. Nvidia's RTX 4070 GDDR6 graphics card is expected to arrive around August 20.

2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 5.24%, with the trading volume of 15.55B. Tesla has halted orders for its $61,000 Cybertruck, but the $100,000 version remains available for immediate purchase. Tesla's website confirms this shift, aiming for deliveries to begin this month. No official response has been given for Tesla's withdrawal from an auto show.

3. Starbucks (Nasdaq: SBUX)
Starbucks surged by 24.50%, with the trading volume of 14.54B. Starbucks reported Q3 revenue of $27.102 billion and net profit of $2.853 billion, EPS of $2.51. TD Cowen upgraded Starbucks to Buy with a price target of $105.00. Brian Niccol appointed as CEO, effective September 9, 2024, with Rachel Ruggeri as interim CEO.

4. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.72%, with the trading volume of 9.42B. Apple and Rivian announced native Apple Music support for all Rivian electric vehicles. Existing Rivian models can experience Apple Music with a system update. Meanwhile, Apple's iPhone SE 4 is expected to feature 8GB RAM to meet Apple Intelligence hardware requirements.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.77%, with the trading volume of 7.66B. BlackRock increased its stake in Microsoft by nearly 900 million shares in Q2. Microsoft introduced a new small window experience in Microsoft Teams for up to 4 video sources. Additionally, Microsoft invited users to test this feature through the Microsoft 365 Insider program.

6. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 2.44%, with the trading volume of 7.21B. Several celebrities filed lawsuits against Meta Platforms over unauthorized use of their likeness in false advertising on Facebook and Instagram. Meta renewed its long-term partnership with Universal Music Group to enhance metaverse music industries and address AI music challenges. Meta unveiled the final design of Quest 3S, potentially launching at Connect conference.

7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.06%, with the trading volume of 6.27B. Vanguard reduced its Amazon holdings by 18.75 million shares in Q2 while significantly increasing stakes in Nvidia and Exxon Mobil. Morgan Stanley disclosed substantial Q2 investments in Amazon and other tech giants, enhancing its overall portfolio value despite ongoing market uncertainties.

8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 3.19%, with the trading volume of 5.90B. Advanced Micro Devices (AMD) reported four insider transactions on August 13, 2024. AMD acquired Europe's largest private AI lab for $6.8 billion. AMD's Q2 server market share hit an all-time high, reaching 24.1%, while Intel saw a decline. AMD processors revealed a significant security flaw.

9. Chipotle Mexican Grill (NYSE: CMG)
Chipotle Mexican Grill plunged by -7.50%, with the trading volume of 5.47B. Truist Securities maintains a Buy rating on Chipotle Mexican Grill. Chipotle Mexican Grill's CEO Brian Niccol will join Starbucks as CEO and chairman starting September 1.

10. Super Micromputer (Nasdaq: SMCI)
Super Micromputer gained solidly by 4.89%, with the trading volume of 4.60B. Advanced Micro Devices reported seven insider transactions on August 13, 2024. Board member Liaw Yih-Shyan Wally sold 222 shares on August 10, 2024.