Volume Stonkers | NVIDIA rose 1.46%, Tesla fell 1.88%, Apple to unveil AI iPhone at Sept 10 event
Tuesday, Aug 27, 2024 5:30 pm ET
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NVIDIA, the stock with the highest trading volume in the U.S. market, rose 1.46% with a trading volume of $38.099 billion. NVIDIA is about to release its earnings report, and the market anticipates substantial growth in its data center business, with revenue expected to double. Additionally, CrowdStrike has added new protections for its AI resources, further boosting market optimism for NVIDIA.
Tesla, the second most traded stock, fell 1.88% with a trading volume of $13.116 billion. Tesla has extended its 5-year zero-interest financing promotion for certain Model 3/Y vehicles until the end of September. Moreover, Tesla Energy set a new battery power record in Texas, highlighting its potential in the energy sector.
Apple, the third most traded stock, increased by 0.37% with a trading volume of $8.162 billion. Apple announced that it will hold a product launch event on September 10, where it is expected to unveil its first AI-powered iPhone. Additionally, Apple's CFO for the past decade is set to depart, sparking speculation about changes in the company's leadership.
SMIC, the fourth most traded stock, dropped 2.64% with a trading volume of $6.269 billion. SMIC's stock price plummeted after Hindenburg Research released a short-sell report alleging accounting manipulation.
Microsoft, the fifth most traded stock, rose 0.09% with a trading volume of $5.557 billion. Microsoft has signed a green attribute agreement with India's ReNew Energy to advance its carbon neutrality efforts. In addition, Cerebras has introduced new inference features that are 20 times faster than Nvidia GPUs, posing a competitive challenge to Microsoft.
AMD, the sixth most traded stock, gained 0.34% with a trading volume of $5.257 billion. Despite facing hacking issues, AMD's long-term investments in the AI field continue to attract market attention.
Amazon, the seventh most traded stock, fell 1.36% with a trading volume of $5.146 billion. Amazon is in talks with MGM's talent agency, further expanding its footprint in the entertainment industry.
Pinduoduo, the eighth most traded stock, declined 4.09% with a trading volume of $3.865 billion. Pinduoduo's stock price has fallen for the third consecutive day following its earnings report, but it still remains highly regarded by Goldman Sachs. Investor Duan Yongping took the opportunity to buy the dip.
Meta, the ninth most traded stock, decreased by 0.39% with a trading volume of $3.256 billion. A Meta executive plans to sell 33,000 shares, valued at approximately $17.1013 million. Additionally, Meta announced that its third-party tools and content platform will be shut down starting January 14, 2025.
Eli Lilly, the tenth most traded stock, rose 0.42% with a trading volume of $2.786 billion. Eli Lilly introduced a new weight-loss drug in a small bottle format, priced at only 50% of the normal dosage, sparking significant market interest.
Broadcom, the eleventh most traded stock, increased by 1.11% with a trading volume of $2.660 billion. Broadcom launched a platform to accelerate the delivery of cloud-native applications and enhanced its edge AI software-defined edge series.
Google C, the twelfth most traded stock, fell 0.92% with a trading volume of $2.287 billion. Google launched the Pixel 9 globally, and the Android 15 stable version is expected to be released as early as September, continuing to drive smartphone growth.
Netflix, the thirteenth most traded stock, rose 1.06% with a trading volume of $2.205 billion. Evercore raised Netflix's target price to $750 and maintained its buy rating, showing optimism about Netflix's market performance.
Google A, the fourteenth most traded stock, decreased by 0.89% with a trading volume of $1.949 billion. Google released the Pixel 9 and Android 15, continuing to develop its hardware and software ecosystem.
Costco, the fifteenth most traded stock, gained 1.84% with a trading volume of $1.901 billion. Costco's fleet drivers overwhelmingly authorized a strike, which could impact its logistics and supply chain.
Visa, the sixteenth most traded stock, rose 0.95% with a trading volume of $1.763 billion. Visa launched a fund flow advisory business in North America, aiming to optimize corporate cash management and liquidity.
Berkshire Hathaway B, the seventeenth most traded stock, increased by 1.33% with a trading volume of $1.730 billion. Berkshire Hathaway is poised to join the trillion-dollar club of tech giants, highlighting its investment returns in the tech sector.
Starbucks, the eighteenth most traded stock, surged 3.11% with a trading volume of $1.703 billion. Starbucks' stock price soared, and options trading activity surged, indicating market optimism about its future performance.
Micron Technology, the nineteenth most traded stock, fell 1.06% with a trading volume of $1.676 billion. Micron Technology plans to acquire two AUO factories for up to $620 million to expand its advanced packaging and HBM production lines.
TSMC, the twentieth most traded stock, rose 0.89% with a trading volume of $1.548 billion. TSMC's orders for 3nm and 5nm processes continue to grow, maintaining market confidence in its leadership in the semiconductor industry.
Tesla, the second most traded stock, fell 1.88% with a trading volume of $13.116 billion. Tesla has extended its 5-year zero-interest financing promotion for certain Model 3/Y vehicles until the end of September. Moreover, Tesla Energy set a new battery power record in Texas, highlighting its potential in the energy sector.
Apple, the third most traded stock, increased by 0.37% with a trading volume of $8.162 billion. Apple announced that it will hold a product launch event on September 10, where it is expected to unveil its first AI-powered iPhone. Additionally, Apple's CFO for the past decade is set to depart, sparking speculation about changes in the company's leadership.
SMIC, the fourth most traded stock, dropped 2.64% with a trading volume of $6.269 billion. SMIC's stock price plummeted after Hindenburg Research released a short-sell report alleging accounting manipulation.
Microsoft, the fifth most traded stock, rose 0.09% with a trading volume of $5.557 billion. Microsoft has signed a green attribute agreement with India's ReNew Energy to advance its carbon neutrality efforts. In addition, Cerebras has introduced new inference features that are 20 times faster than Nvidia GPUs, posing a competitive challenge to Microsoft.
AMD, the sixth most traded stock, gained 0.34% with a trading volume of $5.257 billion. Despite facing hacking issues, AMD's long-term investments in the AI field continue to attract market attention.
Amazon, the seventh most traded stock, fell 1.36% with a trading volume of $5.146 billion. Amazon is in talks with MGM's talent agency, further expanding its footprint in the entertainment industry.
Pinduoduo, the eighth most traded stock, declined 4.09% with a trading volume of $3.865 billion. Pinduoduo's stock price has fallen for the third consecutive day following its earnings report, but it still remains highly regarded by Goldman Sachs. Investor Duan Yongping took the opportunity to buy the dip.
Meta, the ninth most traded stock, decreased by 0.39% with a trading volume of $3.256 billion. A Meta executive plans to sell 33,000 shares, valued at approximately $17.1013 million. Additionally, Meta announced that its third-party tools and content platform will be shut down starting January 14, 2025.
Eli Lilly, the tenth most traded stock, rose 0.42% with a trading volume of $2.786 billion. Eli Lilly introduced a new weight-loss drug in a small bottle format, priced at only 50% of the normal dosage, sparking significant market interest.
Broadcom, the eleventh most traded stock, increased by 1.11% with a trading volume of $2.660 billion. Broadcom launched a platform to accelerate the delivery of cloud-native applications and enhanced its edge AI software-defined edge series.
Google C, the twelfth most traded stock, fell 0.92% with a trading volume of $2.287 billion. Google launched the Pixel 9 globally, and the Android 15 stable version is expected to be released as early as September, continuing to drive smartphone growth.
Netflix, the thirteenth most traded stock, rose 1.06% with a trading volume of $2.205 billion. Evercore raised Netflix's target price to $750 and maintained its buy rating, showing optimism about Netflix's market performance.
Google A, the fourteenth most traded stock, decreased by 0.89% with a trading volume of $1.949 billion. Google released the Pixel 9 and Android 15, continuing to develop its hardware and software ecosystem.
Costco, the fifteenth most traded stock, gained 1.84% with a trading volume of $1.901 billion. Costco's fleet drivers overwhelmingly authorized a strike, which could impact its logistics and supply chain.
Visa, the sixteenth most traded stock, rose 0.95% with a trading volume of $1.763 billion. Visa launched a fund flow advisory business in North America, aiming to optimize corporate cash management and liquidity.
Berkshire Hathaway B, the seventeenth most traded stock, increased by 1.33% with a trading volume of $1.730 billion. Berkshire Hathaway is poised to join the trillion-dollar club of tech giants, highlighting its investment returns in the tech sector.
Starbucks, the eighteenth most traded stock, surged 3.11% with a trading volume of $1.703 billion. Starbucks' stock price soared, and options trading activity surged, indicating market optimism about its future performance.
Micron Technology, the nineteenth most traded stock, fell 1.06% with a trading volume of $1.676 billion. Micron Technology plans to acquire two AUO factories for up to $620 million to expand its advanced packaging and HBM production lines.
TSMC, the twentieth most traded stock, rose 0.89% with a trading volume of $1.548 billion. TSMC's orders for 3nm and 5nm processes continue to grow, maintaining market confidence in its leadership in the semiconductor industry.