Tech Titans Surge: Nvidia & Tesla Lead with Massive Trading Volumes!

1. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.55%, with the trading volume of 41.09B. Nvidia is set to report Q2 earnings on August 28, with high anticipation from Wedbush calling it the year's "most important" tech event. Evercore ISI Group maintains an Outperform rating on Nvidia with a price target of $150. Nvidia plans to collaborate with SK Hynix and TSMC on next-gen HBM technology.

2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.59%, with the trading volume of 17.73B. Tesla's trading volume on August 23, 2024, was $17.731 billion, ranking second in the US stock market. Tesla's vehicle sales in Germany for July were second to BMW. Tesla has built over 11,500 Superchargers in China with a utilization rate exceeding 99.5%.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.03%, with the trading volume of 8.74B. Apple plans to unveil new iPhone, AirPods, and Watch on September 10. Apple grants EU users more freedom with iPhones, allowing app and App Store deletion. Apple forecasts 70% of iPhone 16 sales to be Pro/Max models. Apple patent reveals a smart ring that monitors health data.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.30%, with the trading volume of 7.68B. Microsoft plans to host a cybersecurity summit in September following disruptions caused by CrowdStrike's faulty update. Additionally, Microsoft unveiled a new multiplayer mode "Hide and Seek" for Forza Horizon 5, set to launch in September. Microsoft Edge browser is also exploring running the Phi3 mini AI model locally.

5. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 2.16%, with the trading volume of 6.72B. AMD is developing the Radeon RX 8800 XT graphics card, which is expected to rival the NVIDIA GeForce RTX 4080 in gaming performance but at a lower price. The company will establish R&D centers in Tainan and Kaohsiung, Taiwan. Multiple insider trading activities were disclosed on August 22, 2024.

6. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.74%, with the trading volume of 5.99B. OpenAI has appointed former Meta Platforms Inc. executive Irina Kofman to lead strategic planning, reporting directly to CTO Mira Murati. Initially, Kofman will focus on safety and preparatory efforts.

7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.52%, with the trading volume of 5.15B. Amazon disclosed 21 insider transactions on August 23, 2024, including CFO Brian T Olsavsky's sale of 14.6K shares. Amazon Games confirmed progress on the next Tomb Raider game, unaffected by recent layoffs. Amazon continues to struggle with growth in its largest e-commerce division. Additionally, Amazon acquired a chip company.

8. Super Micromputer (Nasdaq: SMCI)
Super Micromputer gained mildly by 1.39%, with the trading volume of 3.27B. Advanced Micro Devices reported a trading volume of $3.274 billion on August 23, 2024, ranking 8th in the U.S. stock market.

9. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 2.48%, with the trading volume of 3.12B. Broadcom ranks third among global top 15 semiconductor manufacturers for Q2 2024.

10. Cava Group (NYSE: CAVA)
Cava Group surged by 19.56%, with the trading volume of 2.62B. Citigroup maintains a neutral rating on CAVA Group with a target price of $115.00. Wedbush maintains an outperform rating with a target price of $120.00. Barclays maintains a hold rating with a target price of $95.00.