Trading Volume Highlights: Nvidias UAE Chip Approval & Apples Pre-order Frenzy

1. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.03%, with the trading volume of 28.24B. NVIDIA received U.S. approval to sell chips to UAE's G42 and is seeking alternative suppliers, with opportunities for Samsung. CEO Jensen Huang mentioned potential independence from TSMC and noted strong demand for Blackwell chips. Additionally, NVIDIA invested in Fei-Fei Li's AI firm.

2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.21%, with the trading volume of 13.60B. Canaccord Genuity maintains a Buy rating on Tesla, while Guggenheim holds a Sell rating with a $153 target. Tesla's analysts have lowered their Q3 delivery and profit expectations due to increased competition.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.12%, with the trading volume of 8.17B. Apple introduces component activation lock in iOS 18 to combat stolen parts. The iPhone 16 pre-order crashed Apple's website, but pre-orders exceeded last year's sales within 10 minutes. The iPhone 16 series features 8GB RAM.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.84%, with the trading volume of 6.36B. Microsoft announces the termination of support for older DRM services affecting media playback, introduces a new mode for Forza Horizon 5, and experiences large-scale layoffs in its Xbox division. The company is also working on a new platform to enhance network security.

5. Adobe (Nasdaq: ADBE)
Adobe plunged by -8.47%, with the trading volume of 5.50B. Adobe reported Q3 2024 revenue of $158.99 billion and net profit of $38.77 billion. UBS, BofA Securities, RBC Capital, and Piper Sandler maintained various ratings with price targets ranging from $550 to $640.

6. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.19%, with the trading volume of 5.23B. Meta confirms using public content from Australian Facebook and Instagram users to train AI models, without offering an opt-out due to local regulations. The company's Meta Quest headsets received an update with spatial audio and Bluetooth pairing. Meta's global headset market share reached 80% in Q2 2024.

7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.27%, with the trading volume of 4.93B. Amazon has committed over $21 billion to its delivery service partners, focusing on safety and incentives. Additionally, facing union pressure, it increased delivery drivers' pay by 7%. Amazon plans to invest £8 billion in the UK for AWS data centers over the next five years.

8. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 1.90%, with the trading volume of 4.81B. Broadcom reported its third-quarter fiscal 2024 results, highlighting net income attributable to common shareholders.

9. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 1.79%, with the trading volume of 4.45B. Google may be required to halt anti-competitive ad practices by EU officials, but no breakup order is imminent. Separately, it upgraded the Pixel tablet with Android 15 QPR1 Beta 2, introduced new security features for Chrome, and launched the DataGemma model to enhance AI accuracy.

10. Oracle (NYSE: ORCL)
Oracle gained mildly by 0.38%, with the trading volume of 4.24B. Oracle maintained neutral ratings from JP Morgan and B of A Securities with price targets of $140 and $195, respectively. Barclays and Evercore ISI Group rated "overweight" and "outperform" with targets of $202 and $190. Oracle reported Q1 revenue of $133.07 billion, up 6.86% year-over-year.