Volume Stonkers | NVIDIA rose 4.55%, CEO Share Sales Raise Governance Concerns

NVIDIA, the top stock by trading volume, rose 4.55%, with a trading volume of $41.09 billion. NVIDIA faces a significant test next week, and market strategists recommend holding the stock for the long term. Additionally, record share sales by CEO Jensen Huang have raised concerns about corporate governance.

Tesla, the second most traded stock, increased by 4.59%, with a trading volume of $17.732 billion. Tesla continues to expand its Supercharger network in China, while Neuralink reports smooth progress in its brain-computer interface experiments.

Apple, ranking third, saw a 1.03% rise, with a trading volume of $8.744 billion. Apple is set to release the iPhone 16 in two weeks and plans a departmental reorganization, with the App Store head set to depart.

Microsoft, in fourth place, rose by 0.30%, with a trading volume of $7.677 billion. Microsoft executives plan to sell some shares and will host a cybersecurity event next month to address recent cybersecurity incidents.

AMD, the fifth most traded stock, rose 2.16%, with a trading volume of $6.723 billion. In South Korea's DIY market, AMD has outpaced Intel to become the largest CPU supplier by market share.

Meta, in sixth place, dropped 0.74%, with a trading volume of $5.994 billion. Meta has canceled its mixed reality headset planned for 2027 and plans to sell some executive shares.

Amazon, ranking seventh, saw a 0.52% increase, with a trading volume of $5.148 billion. Insiders at Amazon sold significant shares, while Citic Securities noted that the AI commercialization process for internet companies is entering a harvest period.

SMIC, the eighth most traded stock, rose 1.39%, with a trading volume of $3.274 billion. The surge in AI cloud computing spending has benefited SMIC, with a significant increase in fund holdings in the second quarter.

Broadcom, in ninth place, rose 2.48%, with a trading volume of $3.118 billion. Broadcom's stock surged due to rumors related to OpenAI, drawing market attention.

CAVA Group, the tenth most traded stock, skyrocketed 19.56%, with a trading volume of $2.621 billion. The company's Q2 performance exceeded expectations, leading multiple major banks to raise their target prices, driving the stock price significantly higher.

Microstrategy, in eleventh place, increased by 12.11%, with a trading volume of $2.542 billion. The rise in Bitcoin prices led to a significant increase in Microstrategy's stock, with some executives planning to sell shares.

Intuit, the twelfth most traded stock, fell 6.83%, with a trading volume of $2.537 billion. Despite strong earnings, the market's high expectations for the company's AI investments were not fully met, leading to a drop in the stock price.

Workday, in thirteenth place, saw a 12.49% rise, with a trading volume of $2.513 billion. The company reported excellent subscription revenue in the second quarter and partnered with Equifax to simplify employment and income verification processes.

Micron Technology, the fourteenth most traded stock, fell 1.35%, with a trading volume of $2.511 billion. Memory chip manufacturer Kioxia is considering an IPO in Japan, with Bain Capital restarting related efforts.

Google Class C, in fifteenth place, rose 1.17%, with a trading volume of $2.382 billion. Google is set to launch satellite communication services with the Pixel 9 and has partnered with HP to release new products.

Pinduoduo, the sixteenth most traded stock, fell 4.97%, with a trading volume of $2.326 billion. Its subsidiary TEMU is being sued by Shein, and market expectations for its second-quarter performance were not fully met.

Google Class A, in seventeenth place, rose 1.11%, with a trading volume of $2.301 billion. Google appointed a new AI leader and partnered with HP to launch new products, which the market views positively.

TSMC, the eighteenth most traded stock, saw a 2.90% rise, with a trading volume of $2.080 billion. TSMC is collaborating with SK Hynix and NVIDIA to develop the next generation of HBM, with market optimism surrounding this partnership.

Eli Lilly, in nineteenth place, fell 0.17%, with a trading volume of $1.957 billion. Shareholders of Eli Lilly plan to sell a large number of shares, attracting market attention.

Snowflake, the twentieth most traded stock, rose 0.55%, with a trading volume of $1.928 billion. HSBC upgraded Snowflake's rating from "reduce" to "hold" and raised its target price to $121.