Top Trades: Nvidias Anticipated Chip, Teslas Surge, Oracles Earnings Boom

1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.53%, with the trading volume of 28.31B. NVIDIA CEO Jensen Huang's recent statements have investors eagerly awaiting updates on the Blackwell chip. Despite delays, there is optimism for December production and significant ODM deliveries in Q1 next year. Additionally, NVIDIA faces a patent infringement lawsuit potentially affecting Blackwell GPU sales.

2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.58%, with the trading volume of 17.48B. Deutsche Bank upgraded Tesla to buy, citing unique valuation due to its potential to transform multiple industries. Cantor Fitzgerald reiterated a neutral rating on Tesla. Tesla reported Q2 2024 revenue of $46.8 billion, down 3.02% year-over-year.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.36%, with the trading volume of 11.31B. Apple unveiled four iPhone 16 models, new AirPods, and Apple Watch at its September 10 event. The iPhone 16 series, featuring Apple Intelligence AI, aims to boost consumer interest. JP Morgan maintains an Overweight rating with a $265 target price, while Piper Sandler retains a Neutral rating at $225.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 2.09%, with the trading volume of 8.07B. Microsoft will hold a cybersecurity summit to address global IT outages caused by a July software update failure from CrowdStrike. Vodafone Qatar and Microsoft signed a 5-year partnership. Microsoft launched the Office Add-ins Development Kit in Visual Studio Code and released TypeScript 5.6, enhancing null coalescing and truthiness checks.

5. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.37%, with the trading volume of 6.48B. Amazon's September 10 trading volume was $6.485 billion, ranking fifth among U.S. stocks. Amazon plans to launch Prime membership in South Africa. Amazon and Oracle announced a strategic partnership to offer Oracle Database@AWS cloud service. AWS CEO Matt Garman sees significant opportunities in cloud operations under the AI wave.

6. Oracle (NYSE: ORCL)
Oracle surged by 11.39%, with the trading volume of 5.85B. Oracle reported stellar Q1 earnings with revenue, profit, and cloud infrastructure growth exceeding expectations, attributing a landmark multi-cloud agreement with Amazon AWS. UBS, Mizuho, TD Cowen, and JMP Securities issued strong ratings and raised their price targets.

7. Jpmorgan Chase & (NYSE: JPM)
Jpmorgan Chase & dropped solidly by -5.19%, with the trading volume of 5.82B. JPMorgan Chase is leading a preferred stock redemption trend ahead of new Basel regulations, planning to redeem $1.6 billion worth next month. The bank also increased its short position in WuXi AppTec to 2.31% and adjusted holdings in Weichai Power, both increasing and selling shares.

8. Broadcom (Nasdaq: AVGO)
Broadcom gained solidly by 5.25%, with the trading volume of 5.28B. Broadcom (AVGO.US) reported FY2024 Q3 revenue of $13.1 billion, up 47% YoY, with semiconductor solutions contributing $7.3 billion. The company forecasts a 10% QoQ AI revenue increase for Q4. UBS maintained a buy rating but lowered the price target to $170.00.

9. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 3.40%, with the trading volume of 5.17B. AMD confirms low-spec Zen5 APU "Krackan" to launch in early 2025. AMD exits high-end GPU market to enhance market share. New uDNA GPU architecture combines gaming and computing capabilities. Focus shifts from flagship gaming GPUs to AI and client GPU market share.

10. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by 0.00%, with the trading volume of 4.82B. Meta received a buy rating from DA Davidson with a $600.00 price target. Meta unveiled Quest 3S headset images ahead of Meta Connect, supporting Wi-Fi 6E and Bluetooth. Meta will enable cross-app messaging in Europe next year to comply with the EU's Digital Markets Act.