Volume Stonkers | NVIDIA rose 0.98%, NVIDIA and MediaTek to Develop Gaming Chips
Wednesday, Aug 21, 2024 5:31 pm ET
NVIDIA, the top stock by trading volume in the U.S. market, rose 0.98% with a trading volume of $32.868 billion. NVIDIA and MediaTek announced a collaboration to develop gaming peripheral chips, and the market is eagerly anticipating the launch of its AI PC chips. Additionally, Goldman Sachs pointed out that strong AI spending will further boost NVIDIA's growth prospects.
Tesla, ranked second, saw its stock rise by 0.98% with a trading volume of $15.512 billion. Tesla officially announced the establishment of its Shanghai energy storage plant and will recall 9,136 units of the 2016 Model X SUV to fix potential roof defects.
Apple, in third place, fell 0.05% with a trading volume of $7.557 billion. Apple's App Store head Matt Fischer will depart in October, a move seen as part of Apple's response to global regulatory scrutiny.
Meta, the fourth-ranked stock, increased by 1.60% with a trading volume of $7.154 billion. Meta introduced a new web crawler to train its AI models, but its most powerful Llama 3 model faces some challenges in market adoption.
Advanced Micro Devices (AMD), in fifth place, rose 0.90% with a trading volume of $6.676 billion. AMD's acquisition of a key supplier of NVIDIA could significantly alter the landscape of the AI server market.
Microsoft, ranked sixth, dropped 0.16% with a trading volume of $6.659 billion. Microsoft updated its first-quarter operating income guidance, projecting intelligent cloud business revenue to reach between $23.8 billion and $24.1 billion.
Amazon, in seventh place, rose 0.69% with a trading volume of $6.324 billion. Amazon has partnered with JD.com and TikTok, strengthening alliances in the e-commerce industry.
Target, the eighth-ranked stock, surged 10.36% with a trading volume of $4.146 billion. Target's key performance indicators rose for the first time, and the company raised its full-year profit guidance, lifting the retail sector as a whole.
Alphabet's Class A shares (Google A), in ninth place, fell 0.80% with a trading volume of $3.660 billion. Google's Waymo self-driving taxis surpassed 100,000 trips in a single week, and details of its sixth-generation self-driving taxi were revealed.
SMIC, ranked tenth, increased by 2.11% with a trading volume of $3.524 billion. SMIC, one of the most shorted stocks in the S&P 500 in July, is garnering increased attention for its software and hardware.
Broadcom, in eleventh place, fell 0.10% with a trading volume of $2.647 billion. Broadcom saw active options trading, and the market remains highly focused on its future performance.
Eli Lilly, ranked twelfth, rose 0.15% with a trading volume of $2.371 billion. Eli Lilly's "miracle weight-loss drug" has shown significant results, pushing the company's market cap beyond $900 billion.
JD.com, in thirteenth place, dropped 4.15% with a trading volume of $2.258 billion. JD.com announced that Walmart no longer holds its shares, but analysts believe the company's fundamentals remain solid.
Alphabet's Class C shares (Google C), ranked fourteenth, fell 0.79% with a trading volume of $2.241 billion. Google and Energix have partnered on a 15GW solar project, promoting the development of green energy.
Snowflake, in fifteenth place, rose 2.34% with a trading volume of $1.895 billion. Snowflake raised its full-year product revenue outlook, but despite exceeding performance expectations, the stock price still declined.
Visa, ranked sixteenth, rose 0.04% with a trading volume of $1.779 billion. JPMorgan and Jefferies both raised their target prices for Visa to $320 and $310, respectively, maintaining a buy rating.
Palo Alto Networks, in seventeenth place, fell 2.25% with a trading volume of $1.734 billion. Despite posting strong earnings, concerns about future growth persist in the market.
Texas Instruments, ranked eighteenth, rose 2.88% with a trading volume of $1.689 billion. Citigroup upgraded its rating from neutral to buy and raised its target price to $235, leading to a rise in the stock price.
TSMC, in nineteenth place, fell 0.36% with a trading volume of $1.590 billion. TSMC's wafer plant in Germany officially commenced construction, with a total project investment of around $80 billion and a subsidy of $40 billion.
MicroStrategy, ranked twentieth, surged 5.78% with a trading volume of $1.583 billion. MicroStrategy's stock soared due to increased demand for Bitcoin, and Cantor upgraded its rating to overweight.
Tesla, ranked second, saw its stock rise by 0.98% with a trading volume of $15.512 billion. Tesla officially announced the establishment of its Shanghai energy storage plant and will recall 9,136 units of the 2016 Model X SUV to fix potential roof defects.
Apple, in third place, fell 0.05% with a trading volume of $7.557 billion. Apple's App Store head Matt Fischer will depart in October, a move seen as part of Apple's response to global regulatory scrutiny.
Meta, the fourth-ranked stock, increased by 1.60% with a trading volume of $7.154 billion. Meta introduced a new web crawler to train its AI models, but its most powerful Llama 3 model faces some challenges in market adoption.
Advanced Micro Devices (AMD), in fifth place, rose 0.90% with a trading volume of $6.676 billion. AMD's acquisition of a key supplier of NVIDIA could significantly alter the landscape of the AI server market.
Microsoft, ranked sixth, dropped 0.16% with a trading volume of $6.659 billion. Microsoft updated its first-quarter operating income guidance, projecting intelligent cloud business revenue to reach between $23.8 billion and $24.1 billion.
Amazon, in seventh place, rose 0.69% with a trading volume of $6.324 billion. Amazon has partnered with JD.com and TikTok, strengthening alliances in the e-commerce industry.
Target, the eighth-ranked stock, surged 10.36% with a trading volume of $4.146 billion. Target's key performance indicators rose for the first time, and the company raised its full-year profit guidance, lifting the retail sector as a whole.
Alphabet's Class A shares (Google A), in ninth place, fell 0.80% with a trading volume of $3.660 billion. Google's Waymo self-driving taxis surpassed 100,000 trips in a single week, and details of its sixth-generation self-driving taxi were revealed.
SMIC, ranked tenth, increased by 2.11% with a trading volume of $3.524 billion. SMIC, one of the most shorted stocks in the S&P 500 in July, is garnering increased attention for its software and hardware.
Broadcom, in eleventh place, fell 0.10% with a trading volume of $2.647 billion. Broadcom saw active options trading, and the market remains highly focused on its future performance.
Eli Lilly, ranked twelfth, rose 0.15% with a trading volume of $2.371 billion. Eli Lilly's "miracle weight-loss drug" has shown significant results, pushing the company's market cap beyond $900 billion.
JD.com, in thirteenth place, dropped 4.15% with a trading volume of $2.258 billion. JD.com announced that Walmart no longer holds its shares, but analysts believe the company's fundamentals remain solid.
Alphabet's Class C shares (Google C), ranked fourteenth, fell 0.79% with a trading volume of $2.241 billion. Google and Energix have partnered on a 15GW solar project, promoting the development of green energy.
Snowflake, in fifteenth place, rose 2.34% with a trading volume of $1.895 billion. Snowflake raised its full-year product revenue outlook, but despite exceeding performance expectations, the stock price still declined.
Visa, ranked sixteenth, rose 0.04% with a trading volume of $1.779 billion. JPMorgan and Jefferies both raised their target prices for Visa to $320 and $310, respectively, maintaining a buy rating.
Palo Alto Networks, in seventeenth place, fell 2.25% with a trading volume of $1.734 billion. Despite posting strong earnings, concerns about future growth persist in the market.
Texas Instruments, ranked eighteenth, rose 2.88% with a trading volume of $1.689 billion. Citigroup upgraded its rating from neutral to buy and raised its target price to $235, leading to a rise in the stock price.
TSMC, in nineteenth place, fell 0.36% with a trading volume of $1.590 billion. TSMC's wafer plant in Germany officially commenced construction, with a total project investment of around $80 billion and a subsidy of $40 billion.
MicroStrategy, ranked twentieth, surged 5.78% with a trading volume of $1.583 billion. MicroStrategy's stock soared due to increased demand for Bitcoin, and Cantor upgraded its rating to overweight.