icon
icon
icon
icon
Upgrade
icon

Surging Trading Volumes: Nvidia, Tesla, and Apple Drive Market Buzz

AInvestThursday, Aug 29, 2024 6:31 pm ET
2min read
1. Nvidia (Nasdaq: NVDA)
Nvidia plunged by -6.38%, with the trading volume of 53.99B. NVIDIA reported its 2025 Q2 financials with revenue of $300.4 billion, a 122% YoY increase. NVIDIA discussed joining OpenAI's new funding round. Issues with Blackwell chip production and unmet earnings guidance caused market disappointment. Analysts had mixed target price updates.

2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.26%, with the trading volume of 13.07B. William Blair initiates coverage on Tesla with an Outperform rating. Tesla plans significant energy storage projects after canceling global factory expansion. The company denied rumors about launching a seven-seat Model Y in China and deploying lidar on Model X test vehicles.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.46%, with the trading volume of 11.88B. Apple Inc. discussed participating in OpenAI's new financing round. Citi named Apple as its top AI stock pick for 2025. Apple reportedly saw its stock rise by over 1% amidst market movements and expectations for new iPhone-driven upgrade cycles.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.61%, with the trading volume of 6.98B. Microsoft received a patent for AR/VR headsets, suggesting potential application in HoloLens 3, focusing on gesture, eye, and head tracking for enhanced user interaction. Additionally, Microsoft is backing a new $1 billion funding round for OpenAI.

5. Super Micromputer (Nasdaq: SMCI)
Super Micromputer gained mildly by 1.20%, with the trading volume of 5.89B. Super Micro Computer faced significant turmoil, delaying its annual financial report and prompting CFRA to downgrade its rating. Barclays maintained an overweight rating. CEO Charles Liang saw a notable decline in net worth due to stock volatility.

6. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -0.59%, with the trading volume of 4.64B. AMD announced that its Instinct MI300X GPU, utilizing the latest open-source ROCm framework, achieved excellent results in the MLPerf Inference v4.1 benchmarks.

7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.77%, with the trading volume of 4.53B. Amazon secures approval in New Zealand for land purchase to advance Project Kuiper, a satellite internet initiative. Amazon Web Services partners with GE Healthcare to accelerate healthcare transformation using generative AI.

8. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.28%, with the trading volume of 4.33B. Meta is developing several new products: glasses-based Vision Pro for 2027, new Quest 4 smart glasses for next year, and lightweight Puffin headset for 2027. The company has cut its AR/VR custom chip project and faced recent insider trading disclosures. Trump continues to criticize Zuckerberg over past election-related actions.

9. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -0.79%, with the trading volume of 3.72B. Broadcom's stock fell over 2% in after-hours trading, following Nvidia's revenue forecast which failed to meet market expectations.

10. Dollar General (NYSE: DG)
Dollar General plunged by -32.01%, with the trading volume of 3.67B. Dollar General reported second-quarter fiscal 2025 results with revenue and profit below expectations and significantly lowered its full-year earnings forecast. Telsey Advisory Group maintains an Outperform rating on Dollar General.
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.