Volume Stonkers | NVIDIA fell 6.36%, Tesla Investigated by NHTSA After Accident and Fire

NVIDIA, the top stock by trading volume in the U.S. market, fell 6.36% with a trading volume of $54.164 billion. NVIDIA addressed the AI chip shortage issue, announcing the widespread trial of Blackwell samples and planning to ramp up production in the latter half of the year. Additionally, NVIDIA executives plan to sell 120,000 shares worth approximately $11.9776 million, exacerbating market sell-off pressures.

Apple, the second most traded stock, fell 4.82% with a trading volume of $24.435 billion. The market was concerned after Warren Buffett sold his Apple shares, and executives plan to sell 100,000 shares worth approximately $20.6435 million. Needham reaffirmed its buy rating on Apple, but overall market sentiment remains pessimistic.

Tesla, the third most traded stock, fell 4.23% with a trading volume of $19.533 billion. The U.S. National Highway Traffic Safety Administration is investigating a Tesla accident and fire in Texas. Cantor Fitzgerald reaffirmed its neutral rating on Tesla, maintaining a target price of $245.

Microsoft, the fourth most traded stock, fell 3.27% with a trading volume of $15.641 billion. Despite the cooling enthusiasm for AI investments by tech giants, investors are still watching the results of its AI investments. Concerns about an economic recession also affected Microsoft's stock price.

Amazon, the fifth most traded stock, fell 4.10% with a trading volume of $13.229 billion. Amazon is considering acquiring Covariant, but despite the positive news, overall market sentiment and concerns about an economic recession weighed on Amazon's stock price.

Meta, the sixth most traded stock, fell 2.54% with a trading volume of $10.041 billion. Meta faced setbacks in the AI investment craze, with investors demanding tangible results. Additionally, concerns about an economic recession affected Meta's stock price.

Advanced Micro Devices (AMD), the seventh most traded stock, rose 1.75% with a trading volume of $9.961 billion. AMD released its Q2 earnings report, showing record revenue of $2.8 billion in its data center segment, and the market responded positively to its AI advancements.

Alphabet's Google A shares, the eighth most traded stock, fell 4.45% with a trading volume of $8.562 billion. Google was found to have monopolized its search engine business due to an antitrust lawsuit. While Google plans to appeal the ruling, market sentiment was significantly affected.

Broadcom, the ninth most traded stock, fell 1.21% with a trading volume of $5.747 billion. Despite some investors like Bill Baruch increasing their holdings in Broadcom, overall market concerns about the economy impacted its stock price.

Alphabet's Google C shares, the tenth most traded stock, fell 4.61% with a trading volume of $5.62 billion. Similar to Google A shares, the antitrust lawsuit affected market sentiment, and Google stated it would appeal the ruling.

Taiwan Semiconductor Manufacturing Company (TSMC), the eleventh most traded stock, fell 1.48% with a trading volume of $4.454 billion. JPMorgan detailed the impact of NVIDIA's chip issues on TSMC. Despite Morgan Stanley listing TSMC as a top pick, market sentiment remained cautious.

Advanced Micro Devices (AMD), the twelfth most traded stock, fell 2.53% with a trading volume of $4.145 billion. Amid the cooling AI investment craze, the market is adopting a wait-and-see attitude towards AMD's Q4 performance.

Eli Lilly, the thirteenth most traded stock, fell 3.63% with a trading volume of $3.591 billion. Eli Lilly's weight-loss drug was the focus of its second-quarter earnings. Despite fierce competition, JPMorgan remains optimistic about its new Alzheimer's drug.

Coinbase Global, the fourteenth most traded stock, fell 7.32% with a trading volume of $3.435 billion. The sharp decline in the cryptocurrency market, with Bitcoin nearing $54,000, led to a significant drop in Coinbase's stock price.

Micron Technology, the fifteenth most traded stock, fell 2.46% with a trading volume of $3.283 billion. Although Micron is developing the industry's first PCIe Gen6 SSD, the overall market sell-off in tech stocks affected its stock price.

Berkshire Hathaway B shares, the sixteenth most traded stock, fell 3.34% with a trading volume of $3.11 billion. Despite Berkshire hitting a new high in Q2 operating profit, concerns about an economic recession weighed on its stock price.

Intel, the seventeenth most traded stock, fell 6.38% with a trading volume of $2.934 billion. Despite Intel announcing a $10 billion cost-cutting plan, the market remains skeptical about its ability to gain a competitive edge.

MicroStrategy, the eighteenth most traded stock, fell 9.60% with a trading volume of $2.77 billion. The significant volatility in the cryptocurrency market, with Bitcoin dipping below $50,000, led to a sharp decline in MicroStrategy's stock price.

Berkshire Hathaway A shares, the nineteenth most traded stock, fell 3.29% with a trading volume of $2.766 billion. Similarly affected by concerns about an economic recession, Berkshire Hathaway A shares performed poorly.

Bank of America, the twentieth most traded stock, fell 2.45% with a trading volume of $2.742 billion. Bank of America announced the full redemption of its X-series preferred stock and related depositary shares, but concerns about the U.S. economy impacted its stock price.