Volume Stonkers | NVIDIA rose 0.94%, Facing Antitrust Investigation Rumors Despite Denial from U.S. DOJ

NVIDIA, the top stock by trading volume, rose 0.94% with a trading volume of $32.434 billion. The company is facing rumors of an antitrust investigation, but it has denied receiving a subpoena from the U.S. Department of Justice. Additionally, company executives plan to sell 120,000 shares worth approximately $12.8933 million.

Tesla, the second most traded stock, rose 4.90% with a trading volume of $27.281 billion. Tesla announced that its Full Self-Driving (FSD) system is expected to enter the Chinese market next year pending regulatory approval. While its leadership position in the U.S. market remains solid, its performance in the German market has been lackluster.

Apple, ranked third, saw a 0.69% increase with a trading volume of $8.141 billion. Apple is set to release the iPhone 16, which is anticipated to trigger a wave of upgrades. Despite new EU regulations, Apple's App Store revenue grew by 12% year-over-year in August.

Amazon, in fourth place, rose 2.63% with a trading volume of $7.061 billion. The UK is considering approving Amazon's satellite broadband service, but the company's AI products are facing early challenges, raising concerns that customers may shift to Microsoft.

Microsoft, the fifth most traded stock, fell 0.13% with a trading volume of $5.782 billion. Microsoft representatives recently attended a meeting at the White House. The company also participated in Citi's 2024 Global TMT Conference to discuss future development plans.

Meta, ranked sixth, gained 0.80% with a trading volume of $4.450 billion. Meta Platforms announced a dividend of $0.50 per share and showcased strong performance in the AI sector in its latest earnings report.

Broadcom, in seventh place, declined 0.84% with a trading volume of $4.381 billion. Broadcom executives stated that their non-AI chip business has bottomed out and they expect continued growth in AI demand, raising their revenue forecast for 2024.

Advanced Micro Devices (AMD), the eighth most traded stock, dropped 1.02% with a trading volume of $3.479 billion. The U.S. Senate is set to hold hearings inviting executives from AMD and other companies to discuss the use of American-made semiconductors in the Ukraine war.

Alphabet (Google A), ranked ninth, rose 0.51% with a trading volume of $2.937 billion. The EU Court Advocate General suggested that Google's refusal to allow third-party access to Android Auto may violate competition law. Additionally, Google insiders sold shares worth $3.57 million, according to recent SEC filings.

Eli Lilly, in tenth place, fell 3.63% with a trading volume of $2.929 billion. Eli Lilly's weekly insulin treatment efsitora showed positive results in two phase 3 clinical trials. The company also invested $40.9 billion to focus on AI-driven drug discovery.

Berkshire Hathaway B, ranked eleventh, declined 2.86% with a trading volume of $2.881 billion. After reaching a new high with a market cap of $1 trillion, some analysts believe Berkshire Hathaway is overvalued and have issued warning signals.

SMIC, in twelfth place, fell 2.10% with a trading volume of $2.559 billion. Since joining the S&P 500 index, SMIC’s stock price has dropped by 60%. Barclays has abandoned its long position due to customer attrition and declining profits from AI servers.

Alphabet (Google C), ranked thirteenth, rose 0.50% with a trading volume of $2.224 billion. Google introduced two new tools for AI content management. Company representatives also attended a White House meeting to discuss the tech industry's future.

Exxon Mobil, in fourteenth place, declined 0.76% with a trading volume of $1.957 billion. Exxon Mobil plans to launch a carbon capture project along the U.S. Gulf Coast in 2025 and will conduct maintenance on the Kashagan oil field in October.

Visa, ranked fifteenth, fell 0.66% with a trading volume of $1.797 billion. Visa’s former Chairman and CEO joined General Motors' board. Analysts maintain a buy rating on Visa with a target price of $319.

Costco, in sixteenth place, declined 0.45% with a trading volume of $1.755 billion. Costco's net sales grew by 7.1% in August, continuing to perform strongly in the large retail chain sector.

JPMorgan Chase, ranked seventeenth, fell 0.79% with a trading volume of $1.745 billion. JPMorgan upgraded Xinyi Solar's rating to overweight and maintained a buy rating on the company, supporting China's further reduction of cross-border data sharing restrictions.

Berkshire Hathaway A, in eighteenth place, declined 2.66% with a trading volume of $1.743 billion. After reaching a new high with a market cap of $1 trillion, analysts believe Berkshire Hathaway is overvalued and have issued warning signals.

McKesson, ranked nineteenth, dropped 9.90% with a trading volume of $1.565 billion. McKesson issued a $500 million bond pricing notice, but its second-quarter outlook disappointed, leading to a decline in its stock price.

Coca-Cola, in twentieth place, fell 1.92% with a trading volume of $1.518 billion. CFRA downgraded Coca-Cola's rating from buy to hold, with analysts expressing caution about the company's future performance.