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Volume Stonkers | Nvidia Fell 3.70%, AI NPC Debut in Chinese Esports Game

AInvestThursday, Aug 22, 2024 5:30 pm ET
2min read
Nvidia, the top stock by trading volume, fell 3.70% with a trading volume of $46.934 billion. Nvidia officially announced its AI NPC debut, choosing a Chinese esports game. Options trading volume also hit a new high.

Tesla, the second most traded stock, dropped 5.65%, with a trading volume of $17.150 billion. The construction progress of Tesla's Shanghai energy storage super factory has reached 45%, and Lucid has introduced three new models to compete with Tesla.

Apple, the third in trading volume, declined 0.83%, with a trading volume of $9.789 billion. Apple plans to produce the iPhone Pro series in India to align with the global launch and comply with DMA regulations for EU users.

Meta, ranked fourth, fell 0.60%, with a trading volume of $8.097 billion. Meta executives plan to sell 16,700 shares, and Mark Zuckerberg aims to set a new standard in AI with Llama 3.

Microsoft, in fifth place, dropped 2.03%, with a trading volume of $8.071 billion. Microsoft's AI feature Recall will open for testing in October, sparking competition in the AI space with Meta and Amazon.

Advanced Micro Devices (AMD), the sixth most traded stock, fell 3.87%, with a trading volume of $7.036 billion. Insiders at AMD sold over $12.5 million worth of shares, continuing to closely follow Nvidia.

Amazon, ranked seventh, declined 2.21%, with a trading volume of $5.669 billion. The U.S. Labor Board has determined that Amazon is a joint employer for delivery drivers, potentially leading to nationwide unionization.

Broadcom, in eighth place, dropped 2.08%, with a trading volume of $4.970 billion. Broadcom's stock price rose due to rumors involving OpenAI, targeting a $150 billion AI market.

Snowflake, the ninth most traded stock, plummeted 14.70%, with a trading volume of $4.385 billion. Skepticism following Snowflake's earnings report led to a significant drop in its stock price.

SMIC, ranked tenth, fell 3.04%, with a trading volume of $3.738 billion. SMIC's stock rose due to increased holdings by funds in the second quarter, and Defiance launched a related leveraged single-stock ETF.

Google A, in the eleventh spot, dropped 1.24%, with a trading volume of $3.694 billion. Google introduced the Jamba 1.5 model from AI21 Labs on Vertex AI, enhancing its AI capabilities.

Google C, ranked twelfth, fell 1.28%, with a trading volume of $3.176 billion. The investigation into Google and Apple's app stores has concluded, and the UK's Competition and Markets Authority plans to introduce new regulations.

Eli Lilly, in thirteenth place, rose 0.23%, with a trading volume of $3.046 billion. Eli Lilly shareholders plan to sell 215,000 shares, valued at approximately $205 million.

TSMC, ranked fourteenth, dropped 2.85%, with a trading volume of $2.280 billion. TSMC's CoWoS expansion bottleneck has been resolved, significantly boosting future capacity, and it has received a substantial subsidy of 5 billion euros.

Micron Technology, the fifteenth most traded stock, fell 3.76%, with a trading volume of $1.909 billion. Analysts maintained a positive rating for Micron, though the target price was revised down from $185 to $175.

Netflix, in sixteenth place, declined 1.17%, with a trading volume of $1.856 billion. Netflix partnered with Verizon to offer bundled subscription services, pushing its stock price above the $700 mark.

Intel, ranked seventeenth, dropped 6.12%, with a trading volume of $1.662 billion. Intel board member Lip-Bu Tan confirmed his departure from the company's board.

Berkshire Hathaway B, in eighteenth place, rose 0.58%, with a trading volume of $1.569 billion. Both Berkshire Hathaway and Eli Lilly hit new highs, aiming for the trillion-dollar market cap club.

Zoom Video Communications, the nineteenth most traded stock, surged 12.97%, with a trading volume of $1.474 billion. Zoom's performance outlook exceeded expectations, leading to a significant stock price increase, making it one of the best-performing tech stocks of the day.

Texas Instruments, ranked twentieth, fell 2.21%, with a trading volume of $1.415 billion. Texas Instruments received an $18 billion investment, supported by the Chips and Science Act.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.