Surge in Trading Volume: AI Drives Nvidia, AMD, and TSMC Gains!

1. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.35%, with the trading volume of 33.62B. Tesla updates Model 3 prices in Germany, Netherlands, and Spain by approximately 1500 euros. Goldman Sachs maintains a "Neutral" rating on Tesla, increasing the price target to $248.00. New Model Y spy shots reveal upgraded design and interior.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.69%, with the trading volume of 32.30B. NVIDIA's trading volume on July 10, 2024, reached $32.256 billion, ranking it second on the day among U.S. stocks. NVIDIA's stock saw a significant uptick of over 2%, driven by strong demand for its AI development tools and positive analyst projections for its latest Blackwell chip series.

3. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 3.87%, with the trading volume of 16.49B. AMD announced a $6.65 billion all-cash acquisition of European AI lab Silo AI. Additionally, AMD will release the Ryzen 7 8745HS processor, a variant with reduced NPU units.

4. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.88%, with the trading volume of 14.46B. Apple plans to increase new iPhone shipments by 10% in 2024, with 90 million units of iPhone 16 set to be shipped in the second half of the year. Apple ranked third in Q2 2024 domestic smartphone market share at 15.27%.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.46%, with the trading volume of 8.43B. Microsoft will provide approximately 20 million euros to settle the European Cloud Infrastructure Services Providers Association (CISPE) antitrust lawsuit. Reports suggest "Call of Duty: Modern Warfare 3" will join Xbox Game Pass this month. Microsoft has relinquished its OpenAI board seat, yet concerns from U.S. regulators persist.

6. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 0.66%, with the trading volume of 7.00B. Broadcom (AVGO.US) issued $5 billion in bonds to refinance part of the loan for its $69 billion acquisition of VMware (VMW.US). Broadcom sold the bonds in three parts, with the longest yielding 0.95 percentage points above U.S. Treasuries.

7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.23%, with the trading volume of 6.51B. TD Cowen reaffirms Buy rating on Amazon with a target price of $245.00. Amazon discloses insider transactions on July 9. Founder Jeff Bezos sold $863.5 million worth of Amazon shares. Roth MKM maintains Buy rating on Amazon with a target price of $210.00.

8. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.89%, with the trading volume of 5.85B. Meta's latest earnings report shows a revenue of $36.45 billion and a net profit of $12.37 billion for Q1 2024. TD Cowen maintains a Buy rating on Meta, raising the price target to $600.00. Recent internal transactions disclosed by Meta include executive Javier Olivan selling 412 shares.

9. Super Micromputer (Nasdaq: SMCI)
Super Micromputer gained mildly by 0.49%, with the trading volume of 4.48B. Nomura has downgraded Super Micro Computer to Neutral, maintaining the price target at $930. This follows significant growth driven by the AI wave, but analysts suggest future prospects may moderate. Super Micro Computer's revenue for 2024 Q3 was $96.35 billion with a net profit of $8.55 billion.

10. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited gained solidly by 3.52%, with the trading volume of 3.63B. Taiwan Semiconductor Manufacturing Company (TSMC) will begin trial production of 2nm chips next week. In 2025, TSMC plans to raise wafer prices by up to 10%. TSMC Q2 revenue rose 13.6%. Several high-end flagship chips will benefit from 2nm production.