Volume Stonkers | NVIDIA Rose 1.51%, Executives to Sell 120,000 Shares, Tesla Increased 3.80%, Model Y and Robotaxi Coming
AInvestFriday, Aug 30, 2024 5:30 pm ET
2min read
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NVIDIA, the top stock by trading volume, rose 1.51% with a trading volume of $39.631 billion. NVIDIA executives plan to sell 120,000 shares valued at approximately $14.2839 million. In addition, the potential of NVIDIA's Blackwell chip indicates strong future growth.

Tesla, in second place, increased by 3.80% with a trading volume of $13.290 billion. Tesla plans to deliver two versions of the Model Y next year, including a 7-seater version, and will also launch Robotaxi at Warner Bros. Hollywood studio.

Apple, the third stock, fell 0.34% with a trading volume of $12.112 billion. Apple is about to start a new "super upgrade cycle," with the first AI iPhone about to be released, and the new iPhone starting mass production in India.

Microsoft, in fourth place, rose 0.97% with a trading volume of $10.027 billion. Reports suggest Microsoft is interested in participating in OpenAI's new round of financing. Additionally, OpenAI and Anthropic have agreed to submit new models to the U.S. government for safety evaluation before launch.

Nu Holdings, ranked fifth, surged 4.99% with a trading volume of $8.359 billion. Nu Holdings' stock price has soared over 75% this year, and the company is planning to enter the Mexican market.

Amazon, in sixth place, rose 3.71% with a trading volume of $7.610 billion. Amazon's increase contributed to the Dow Jones' rise, as popular tech stocks collectively closed higher.

Meta, the seventh stock, increased by 0.60% with a trading volume of $4.753 billion. Meta is developing a lightweight MR headset, aiming to surpass Vision Pro with this new device.

SMIC, the eighth stock, fell 2.48% with a trading volume of $4.672 billion. SMIC does not anticipate any substantial changes for fiscal year 2024, and its 10-K filing was not submitted on time.

AMD, in ninth place, rose 2.11% with a trading volume of $4.584 billion. While NVIDIA continues to lead, competition is intensifying, and AMD's market performance is also drawing attention.

Broadcom, the tenth stock, increased by 3.75% with a trading volume of $4.064 billion. Broadcom's third-quarter earnings are expected to reflect AI-driven growth, according to Oppenheimer analysts.

Intel, in eleventh place, surged 9.49% with a trading volume of $3.860 billion. Intel may spin off its foundry business, with significant news expected from the board of directors in September.

Dell Technologies, ranked twelfth, rose 4.34% with a trading volume of $3.822 billion. Citi Group maintained a buy rating on Dell Technologies and raised the price target to $160.

Google A, the thirteenth stock, increased by 0.99% with a trading volume of $3.602 billion. Google is reintroducing its AI image generation tool Imagen 3, while facing new antitrust charges.

Berkshire Hathaway B, in fourteenth place, rose 1.57% with a trading volume of $3.384 billion. Warren Buffett's Berkshire Hathaway has maintained profitability for seven consecutive trading days.

Pinduoduo, the fifteenth stock, increased by 2.88% with a trading volume of $3.157 billion. Pinduoduo's stock price fell by 22% in August but has recently rebounded.

Google C, in sixteenth place, rose 1.05% with a trading volume of $3.043 billion. Nvidia CEO Jensen Huang's predictions are coming true as Google showcases its real-time gaming AI model, GameNGen.

Salesforce, the seventeenth stock, fell 1.62% with a trading volume of $2.660 billion. Truist Securities reiterated its buy rating on Salesforce, maintaining a price target of $300.

Eli Lilly, in eighteenth place, rose 1.96% with a trading volume of $2.431 billion. Eli Lilly is poised to become the first pharmaceutical stock with a market cap of $1 trillion, driven by its weight-loss drug.

Marvell Technology, the nineteenth stock, surged 9.16% with a trading volume of $2.420 billion. Marvell Technology's third-quarter net revenue guidance exceeded expectations, boosting its stock price by over 9%.

Netflix, in twentieth place, rose 1.28% with a trading volume of $2.276 billion. Pivotal Research raised Netflix's price target to $900 and maintained a buy rating.
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