Volume Stonkers | NVIDIA Fell 1.78%, Amazon Dropped 8.79%, Intel Plummeted 26.06% Amid Workforce Cuts and Dividend Suspension

NVIDIA, the top stock by trading volume in the U.S. market, fell 1.78% with a trading volume of $50.111 billion. NVIDIA has been affected by multiple negative news, including stock sales by directors, a Department of Justice investigation, and hedge fund Elliott's statement that it is in a "bubble" and that artificial intelligence is "overhyped."

Amazon, ranked second, dropped 8.79% with a trading volume of $22.823 billion. Amazon's latest earnings report raised market concerns; despite strong growth in its cloud business, massive AI investments have sparked worries about its future profitability.

Apple, in third place, rose 0.69% with a trading volume of $21.760 billion. Apple's third-quarter earnings report indicated that investments in AI will increase year by year, and the market remains optimistic about its future performance.

Tesla, ranked fourth, declined 4.24% with a trading volume of $17.147 billion. Tesla's stock price fell due to overall market weakness and poor U.S. economic data, despite a 47% year-over-year increase in domestic sales in July.

Microsoft, in fifth place, fell 2.07% with a trading volume of $11.942 billion. Microsoft's stock dropped as it listed OpenAI as a competitor, and the overall poor performance of tech stocks contributed to the decline.

Meta, ranked sixth, decreased 1.93% with a trading volume of $11.307 billion. Meta's second-quarter report and next-quarter guidance exceeded expectations, but market concerns about its AI-related spending and future performance remain.

AMD, in seventh place, dipped 0.03% with a trading volume of $10.502 billion. Despite the overall market downturn, AMD's performance remained relatively stable, and analysts remain optimistic about its long-term prospects.

Intel, ranked eighth, plummeted 26.06% with a trading volume of $6.411 billion. Intel's Q2 performance and guidance fell far short of expectations, and plans to cut more than 15% of its workforce and suspend dividends led to a significant stock price drop.

Google A, in ninth place, dropped 2.40% with a trading volume of $4.804 billion. Google introduced three major AI features to enhance user experience, but the overall poor performance of tech stocks dragged its stock price down.

Super Micro Computer, ranked tenth, fell 7.08% with a trading volume of $4.739 billion. Super Micro Computer followed the overall decline of the tech sector, and concerns about its earnings outlook also weighed on its stock.

Broadcom, in eleventh place, declined 2.18% with a trading volume of $4.685 billion. Broadcom's stock fell due to the weak performance of the entire semiconductor sector, particularly impacted by Intel's poor results.

TSMC, ranked twelfth, decreased 5.25% with a trading volume of $4.662 billion. TSMC's stock also fell following Intel's disappointing financial results, raising doubts about its future profitability.

JPMorgan Chase, in thirteenth place, dropped 4.24% with a trading volume of $3.582 billion. JPMorgan Chase is in discussions with the SEC regarding a resolution, and the market reacted negatively to this news.

Micron Technology, ranked fourteenth, fell 8.68% with a trading volume of $3.365 billion. Micron Technology's Q2 earnings underperformed, and the overall decline in the semiconductor sector dragged down its stock.

Google C, in fifteenth place, decreased 2.35% with a trading volume of $3.167 billion. Google rehired the co-founder of the AI startup Character.AI, but the overall poor market performance affected its stock price.

UnitedHealth, ranked sixteenth, rose 3.01% with a trading volume of $2.975 billion. Despite the overall market downturn, UnitedHealth achieved a stock price increase due to its solid fundamentals.

ASML, in seventeenth place, fell 8.42% with a trading volume of $2.932 billion. ASML was affected by the overall decline in the semiconductor sector, causing market concerns about its future performance.

Bank of America, ranked eighteenth, dropped 4.89% with a trading volume of $2.889 billion. Warren Buffett's continuous reduction of Bank of America shares led to a negative market reaction.

Eli Lilly, in nineteenth place, fell 3.43% with a trading volume of $2.804 billion. Despite Eli Lilly's positive top-line results from the SUMMIT Phase 3 clinical trial, the overall poor market performance affected its stock price.

Goldman Sachs, ranked twentieth, decreased 6.01% with a trading volume of $2.732 billion. Goldman Sachs downgraded its forecast for the federal benchmark rate cut amid a weak overall market, leading to a stock price decline.