Tesla Soars with Stellar Volume, Nvidia and Amazon Slump Amid Insider Trades

1. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.66%, with the trading volume of 39.61B. NVIDIA disclosed 15 insider trades on September 4, including CEO Jensen Huang selling $27.6 million in stock recently. NVIDIA also stated that it has not received any subpoenas from the U.S. Department of Justice concerning antitrust investigations.

2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.18%, with the trading volume of 17.55B. Tesla will exhibit the Cybertruck and Optimus humanoid robots at the 2024 Inclusion Bund Conference in Shanghai, beginning limited production of the latter next year. Tesla also hinted to regulators that its autonomous vehicles may feature rotating seats.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.86%, with the trading volume of 9.59B. Apple's Q3 2024 revenue was $296.1 billion, net profit $79 billion, with EPS at $5.13. UBS maintains a neutral rating on Apple, raising the price target to $236.

4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.13%, with the trading volume of 6.13B. Microsoft received UK approval for its investment in Inflection AI, with regulators stating it does not threaten market competition. Microsoft will launch Surface Pro 10 5G on September 26 and a dedicated event for Copilot advancements on September 16.

5. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 2.87%, with the trading volume of 5.83B. AMD hires former Nvidia executive as Senior Vice President of Global AI Market. AMD embraces AI solutions from consumer to business sectors.

6. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -1.66%, with the trading volume of 5.26B. Amazon selected Omnicon Media and WPP for consumer business marketing channels, according to spokesperson Margaret Callahan. JMP Securities maintains an "outperform" rating on Amazon.com, raising the price target to $265.00.

7. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.19%, with the trading volume of 4.25B. Meta's Llama AI models reached over 200 million downloads globally, with over 20 million downloads in August alone. Needham reiterates an underperform rating on Meta. Meta disclosed 17 insider transactions with CEO Mark Zuckerberg selling 1,592 shares. Meta Quest 3S VR headset passed FCC certification.

8. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 0.87%, with the trading volume of 3.12B. Broadcom is evaluating Intel's 18A process due to yield concerns after testing Intel's wafers received in August. Broadcom's spokesperson stated no conclusion has been made yet. Broadcom will report its third-quarter financial results for fiscal 2024 on 2024-09-05.

9. Super Micromputer (Nasdaq: SMCI)
Super Micromputer dropped solidly by -4.14%, with the trading volume of 3.03B. Barclays downgraded Super Micro Computer's rating to Equal-Weight and lowered the price target to $438. CEO Charles Liang expressed confidence in the company's financial position and internal team despite the delayed 10-K annual report.

10. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -0.58%, with the trading volume of 3.03B. Alphabet Inc. executives are set to testify next week before the U.S. Department of Justice regarding the company's digital advertising business. Additionally, Alphabet released the source code for Android 15, planning updates for Pixel devices in the coming weeks.