Volume Stonkers | NVIDIA rose 3.78%, AMD Computers Drive Sales Forecast
Generated by AI AgentStock Spotlight
Tuesday, Aug 6, 2024 5:30 pm ET3min read
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NVIDIA, the top stock by trading volume, rose by 3.78%, with a trading volume of $41.809 billion. The increase in NVIDIA's stock price was primarily driven by higher-than-expected sales forecasts for AMD computers equipped with NVIDIA chips. Additionally, news of internal stock sales by company insiders did not significantly impact the stock price.
Tesla, in second place, rose by 0.89%, with a trading volume of $14.532 billion. Tesla's stock price remained largely unaffected by the announcement of a recall of over 1.68 million vehicles in China. Morgan Stanley maintained its buy rating for Tesla, with a target price of $310.
Apple, in third place, fell by 0.98%, with a trading volume of $14.336 billion. Apple's stock price declined despite plans by company executives to sell 100,000 shares valued at approximately $20.6435 million. The market is also watching the potential impact of Google's antitrust ruling on Apple.
Meta, in fourth place, rose by 3.86%, with a trading volume of $10.301 billion. Meta's stock price increased, benefiting from strong AI spending and an upward revision of its target price to $575 by Loop Capital.
Microsoft, in fifth place, rose by 1.13%, with a trading volume of $9.97 billion. Microsoft's stock price went up, bolstered by positive market sentiment towards the company's new team formed with Activision Blizzard to develop small games, as well as the overall uplift in the U.S. stock market.
Amazon, in sixth place, rose by 0.57%, with a trading volume of $9.392 billion. Morgan Stanley maintained its buy rating for Amazon, despite lowering the target price to $210. The market reacted positively to news of Amazon adding multiple new fees.
Advanced Micro Devices (AMD), in seventh place, fell by 3.44%, with a trading volume of $8.331 billion. China International Capital Corporation (CICC) adjusted AMD's target price from $125 to $184, maintaining a buy rating. However, the stock price dropped due to overall market weakness.
Alphabet A (Google), in eighth place, fell by 0.60%, with a trading volume of $7.758 billion. Google's stock price declined following a loss in the largest U.S. antitrust case in two decades, signaling significant changes in the search sector.
Advanced Micro Computer (AMC), in ninth place, rose by 1.33%, with a trading volume of $5.807 billion. AMC's stock price increased, benefiting from a surge in profits and operating income in the fourth quarter driven by high demand for artificial intelligence.
Alphabet C, in tenth place, fell by 0.06%, with a trading volume of $5.791 billion. Alphabet's Class C shares were also affected by the antitrust ruling, though the decline was less severe as the market takes a wait-and-see approach to future changes.
Visa, in eleventh place, rose by 0.70%, with a trading volume of $4.91 billion. Visa announced its selection as a preferred partner by Nacha, which the market viewed positively, driving the stock price up.
Taiwan Semiconductor Manufacturing Company (TSMC), in twelfth place, rose by 4.95%, with a trading volume of $3.758 billion. TSMC's stock price was buoyed by news of a 3-8% price increase for its 5nm and 3nm processes. Morgan Stanley expressed optimism about the company's strong operations and growth in AI capital expenditure.
Broadcom, in thirteenth place, rose by 1.30%, with a trading volume of $3.558 billion. Broadcom's stock price increased, benefiting from sustained investments in AI and strong market expectations for chip demand.
Uber, in fourteenth place, rose by 10.88%, with a trading volume of $3.386 billion. Uber's strong quarterly earnings report led to a surge in its stock price as the market expressed confidence in the company's future growth prospects.
Eli Lilly, in fifteenth place, rose by 2.33%, with a trading volume of $2.729 billion. Eli Lilly's stock price was driven up by news of a supply shortage for its weight loss drugs, with the market optimistic about the company's future performance.
Palantir, in sixteenth place, rose by 10.38%, with a trading volume of $2.645 billion. Palantir's stock price soared due to a 27% revenue increase driven by its AI revenue engine.
Netflix, in seventeenth place, rose by 1.84%, with a trading volume of $2.63 billion. Netflix's stock price increased as Jefferies suggested the company might raise prices by the end of the year, driven by the strong appeal of its content lineup.
CrowdStrike Holdings, in eighteenth place, rose by 4.34%, with a trading volume of $2.428 billion. CrowdStrike's stock price rose due to its resilience and cybersecurity capabilities being viewed as long-term growth drivers, with J.P. Morgan maintaining a buy rating.
Micron Technology, in nineteenth place, fell by 1.57%, with a trading volume of $2.345 billion. KeyBanc lowered Micron's target price from $165 to $145, maintaining an overweight rating, which led to a decline in the stock price.
Berkshire Hathaway B, in twentieth place, rose by 1.94%, with a trading volume of $2.146 billion. Berkshire Hathaway's stock price increased, benefiting from market expectations of Warren Buffett capitalizing on a "golden opportunity."
Tesla, in second place, rose by 0.89%, with a trading volume of $14.532 billion. Tesla's stock price remained largely unaffected by the announcement of a recall of over 1.68 million vehicles in China. Morgan Stanley maintained its buy rating for Tesla, with a target price of $310.
Apple, in third place, fell by 0.98%, with a trading volume of $14.336 billion. Apple's stock price declined despite plans by company executives to sell 100,000 shares valued at approximately $20.6435 million. The market is also watching the potential impact of Google's antitrust ruling on Apple.
Meta, in fourth place, rose by 3.86%, with a trading volume of $10.301 billion. Meta's stock price increased, benefiting from strong AI spending and an upward revision of its target price to $575 by Loop Capital.
Microsoft, in fifth place, rose by 1.13%, with a trading volume of $9.97 billion. Microsoft's stock price went up, bolstered by positive market sentiment towards the company's new team formed with Activision Blizzard to develop small games, as well as the overall uplift in the U.S. stock market.
Amazon, in sixth place, rose by 0.57%, with a trading volume of $9.392 billion. Morgan Stanley maintained its buy rating for Amazon, despite lowering the target price to $210. The market reacted positively to news of Amazon adding multiple new fees.
Advanced Micro Devices (AMD), in seventh place, fell by 3.44%, with a trading volume of $8.331 billion. China International Capital Corporation (CICC) adjusted AMD's target price from $125 to $184, maintaining a buy rating. However, the stock price dropped due to overall market weakness.
Alphabet A (Google), in eighth place, fell by 0.60%, with a trading volume of $7.758 billion. Google's stock price declined following a loss in the largest U.S. antitrust case in two decades, signaling significant changes in the search sector.
Advanced Micro Computer (AMC), in ninth place, rose by 1.33%, with a trading volume of $5.807 billion. AMC's stock price increased, benefiting from a surge in profits and operating income in the fourth quarter driven by high demand for artificial intelligence.
Alphabet C, in tenth place, fell by 0.06%, with a trading volume of $5.791 billion. Alphabet's Class C shares were also affected by the antitrust ruling, though the decline was less severe as the market takes a wait-and-see approach to future changes.
Visa, in eleventh place, rose by 0.70%, with a trading volume of $4.91 billion. Visa announced its selection as a preferred partner by Nacha, which the market viewed positively, driving the stock price up.
Taiwan Semiconductor Manufacturing Company (TSMC), in twelfth place, rose by 4.95%, with a trading volume of $3.758 billion. TSMC's stock price was buoyed by news of a 3-8% price increase for its 5nm and 3nm processes. Morgan Stanley expressed optimism about the company's strong operations and growth in AI capital expenditure.
Broadcom, in thirteenth place, rose by 1.30%, with a trading volume of $3.558 billion. Broadcom's stock price increased, benefiting from sustained investments in AI and strong market expectations for chip demand.
Uber, in fourteenth place, rose by 10.88%, with a trading volume of $3.386 billion. Uber's strong quarterly earnings report led to a surge in its stock price as the market expressed confidence in the company's future growth prospects.
Eli Lilly, in fifteenth place, rose by 2.33%, with a trading volume of $2.729 billion. Eli Lilly's stock price was driven up by news of a supply shortage for its weight loss drugs, with the market optimistic about the company's future performance.
Palantir, in sixteenth place, rose by 10.38%, with a trading volume of $2.645 billion. Palantir's stock price soared due to a 27% revenue increase driven by its AI revenue engine.
Netflix, in seventeenth place, rose by 1.84%, with a trading volume of $2.63 billion. Netflix's stock price increased as Jefferies suggested the company might raise prices by the end of the year, driven by the strong appeal of its content lineup.
CrowdStrike Holdings, in eighteenth place, rose by 4.34%, with a trading volume of $2.428 billion. CrowdStrike's stock price rose due to its resilience and cybersecurity capabilities being viewed as long-term growth drivers, with J.P. Morgan maintaining a buy rating.
Micron Technology, in nineteenth place, fell by 1.57%, with a trading volume of $2.345 billion. KeyBanc lowered Micron's target price from $165 to $145, maintaining an overweight rating, which led to a decline in the stock price.
Berkshire Hathaway B, in twentieth place, rose by 1.94%, with a trading volume of $2.146 billion. Berkshire Hathaway's stock price increased, benefiting from market expectations of Warren Buffett capitalizing on a "golden opportunity."
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PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
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