Volume Stonkers | NVIDIA rose 4.35%, Tesla rose 3.12%, AMD climbed 4.52%, Apple fell 0.07%, Microsoft rose 0.73%, NVIDIA $300B AI blueprint
Monday, Aug 19, 2024 5:30 pm ET
2min read NVIDIA, the top stock by trading volume, rose 4.35% with a trading volume of $40.136 billion. NVIDIA's core position in AI continues to stand out, with former Google CEO revealing a $300 billion investment blueprint and Goldman Sachs supporting its AI revenue prospects. Both the S&P 500 and Nasdaq 100 indices have risen for eight consecutive days, with NVIDIA rebounding over 24% in six days.
Tesla, the second most traded stock, increased by 3.12% with a trading volume of $16.752 billion. The new generation Roadster was unveiled, and Trump stated that if elected, he would appoint Elon Musk as a cabinet member or advisor and consider ending the $7,500 tax credit for electric vehicles.
AMD, the third most traded stock, climbed 4.52% with a trading volume of $9.235 billion. AMD announced it would release four new products on October 10 and spent $4.9 billion to acquire AI server leader ZT Systems, continuing to chase NVIDIA.
Apple, the fourth most traded stock, fell 0.07% with a trading volume of $9.110 billion. Morgan Stanley raised its third-quarter iPhone sales forecast, with analysts stating that Apple is 2 to 3 years behind Google in the AI field.
Microsoft, the fifth most traded stock, rose 0.73% with a trading volume of $6.377 billion. Rubrik’s announcement of a data protection agreement with Salesforce boosted its stock price.
Amazon, the sixth most traded stock, increased 0.66% with a trading volume of $5.485 billion. Amazon invested $80 million to acquire Xperi subsidiary Perceive, deepening its edge AI technology strategy and launched a "refund-only" feature.
Meta, the seventh most traded stock, rose 0.35% with a trading volume of $5.199 billion. A Meta executive plans to sell 16,700 shares, and its social platform Threads introduced new features to attract businesses and digital creators.
SMIC, the eighth most traded stock, declined 0.82% with a trading volume of $4.230 billion. Analysts believe SMIC will undergo significant upgrades, with Susie Giordano joining the company's board.
Alphabet A, the ninth most traded stock, increased 2.28% with a trading volume of $3.706 billion. Waymo revealed details of its sixth-generation self-driving taxi, and the former CEO stated that the lack of employee effort was the reason for falling behind OpenAI.
Broadcom, the tenth most traded stock, rose 1.20% with a trading volume of $3.367 billion. Broadcom IT Information Technology Co., Ltd. won the bid for the Jiangxi University of Science and Technology Library electronic resource services procurement project.
Palo Alto Networks, the eleventh most traded stock, climbed 2.77% with a trading volume of $2.494 billion. Palo Alto Networks stated that its controversial strategy is yielding results, with strong performance in the fourth quarter.
Eli Lilly, the twelfth most traded stock, fell 0.12% with a trading volume of $2.179 billion. Barclays maintained its buy rating with a target price of $1,025.
Alphabet C, the thirteenth most traded stock, rose 2.22% with a trading volume of $2.161 billion. Alphabet stated that it is investigating Gmail issues, with the former CEO apologizing and citing management as the main reason for falling behind OpenAI.
Netflix, the fourteenth most traded stock, increased 2.15% with a trading volume of $2.051 billion. Reports suggest Paramount may have another bidder, and Piper Jaffray highlighted Netflix's key technological levels.
TSMC, the fifteenth most traded stock, rose 0.50% with a trading volume of $1.919 billion. TSMC’s first wafer plant in Europe will begin construction, with a planned monthly capacity of 40,000 wafers, and SoftBank's AI chips have shifted to TSMC.
Visa, the sixteenth most traded stock, declined 0.38% with a trading volume of $1.747 billion. Redburn Atlantic maintained its hold rating on Visa, lowering the target price to $280, with executives planning to sell 37,800 shares.
Palantir, the seventeenth most traded stock, rose 1.23% with a trading volume of $1.678 billion. Palantir Technologies broke the $30 mark, indicating greater gains.
Micron Technology, the eighteenth most traded stock, increased 0.59% with a trading volume of $1.672 billion. Evercore ISI adjusted its target price from $90 to $100, maintaining an outperform rating.
McDonald's, the nineteenth most traded stock, climbed 3.23% with a trading volume of $1.508 billion. McDonald's has risen for six consecutive days, reaching a five-month high, with Evercore ISI raising its target price to $320.
Berkshire Hathaway B, the twentieth most traded stock, rose 0.91% with a trading volume of $1.490 billion. Berkshire Hathaway is pursuing a record closing price, with Buffett's large cash reserves not indicating a bearish signal.
Tesla, the second most traded stock, increased by 3.12% with a trading volume of $16.752 billion. The new generation Roadster was unveiled, and Trump stated that if elected, he would appoint Elon Musk as a cabinet member or advisor and consider ending the $7,500 tax credit for electric vehicles.
AMD, the third most traded stock, climbed 4.52% with a trading volume of $9.235 billion. AMD announced it would release four new products on October 10 and spent $4.9 billion to acquire AI server leader ZT Systems, continuing to chase NVIDIA.
Apple, the fourth most traded stock, fell 0.07% with a trading volume of $9.110 billion. Morgan Stanley raised its third-quarter iPhone sales forecast, with analysts stating that Apple is 2 to 3 years behind Google in the AI field.
Microsoft, the fifth most traded stock, rose 0.73% with a trading volume of $6.377 billion. Rubrik’s announcement of a data protection agreement with Salesforce boosted its stock price.
Amazon, the sixth most traded stock, increased 0.66% with a trading volume of $5.485 billion. Amazon invested $80 million to acquire Xperi subsidiary Perceive, deepening its edge AI technology strategy and launched a "refund-only" feature.
Meta, the seventh most traded stock, rose 0.35% with a trading volume of $5.199 billion. A Meta executive plans to sell 16,700 shares, and its social platform Threads introduced new features to attract businesses and digital creators.
SMIC, the eighth most traded stock, declined 0.82% with a trading volume of $4.230 billion. Analysts believe SMIC will undergo significant upgrades, with Susie Giordano joining the company's board.
Alphabet A, the ninth most traded stock, increased 2.28% with a trading volume of $3.706 billion. Waymo revealed details of its sixth-generation self-driving taxi, and the former CEO stated that the lack of employee effort was the reason for falling behind OpenAI.
Broadcom, the tenth most traded stock, rose 1.20% with a trading volume of $3.367 billion. Broadcom IT Information Technology Co., Ltd. won the bid for the Jiangxi University of Science and Technology Library electronic resource services procurement project.
Palo Alto Networks, the eleventh most traded stock, climbed 2.77% with a trading volume of $2.494 billion. Palo Alto Networks stated that its controversial strategy is yielding results, with strong performance in the fourth quarter.
Eli Lilly, the twelfth most traded stock, fell 0.12% with a trading volume of $2.179 billion. Barclays maintained its buy rating with a target price of $1,025.
Alphabet C, the thirteenth most traded stock, rose 2.22% with a trading volume of $2.161 billion. Alphabet stated that it is investigating Gmail issues, with the former CEO apologizing and citing management as the main reason for falling behind OpenAI.
Netflix, the fourteenth most traded stock, increased 2.15% with a trading volume of $2.051 billion. Reports suggest Paramount may have another bidder, and Piper Jaffray highlighted Netflix's key technological levels.
TSMC, the fifteenth most traded stock, rose 0.50% with a trading volume of $1.919 billion. TSMC’s first wafer plant in Europe will begin construction, with a planned monthly capacity of 40,000 wafers, and SoftBank's AI chips have shifted to TSMC.
Visa, the sixteenth most traded stock, declined 0.38% with a trading volume of $1.747 billion. Redburn Atlantic maintained its hold rating on Visa, lowering the target price to $280, with executives planning to sell 37,800 shares.
Palantir, the seventeenth most traded stock, rose 1.23% with a trading volume of $1.678 billion. Palantir Technologies broke the $30 mark, indicating greater gains.
Micron Technology, the eighteenth most traded stock, increased 0.59% with a trading volume of $1.672 billion. Evercore ISI adjusted its target price from $90 to $100, maintaining an outperform rating.
McDonald's, the nineteenth most traded stock, climbed 3.23% with a trading volume of $1.508 billion. McDonald's has risen for six consecutive days, reaching a five-month high, with Evercore ISI raising its target price to $320.
Berkshire Hathaway B, the twentieth most traded stock, rose 0.91% with a trading volume of $1.490 billion. Berkshire Hathaway is pursuing a record closing price, with Buffett's large cash reserves not indicating a bearish signal.