Volume Stonkers | NVIDIA rose 6.53%, Tesla Sales Top Luxury Segment, Musk Announces Grok 2 AI Model Release

Generated by AI AgentStock Spotlight
Tuesday, Aug 13, 2024 5:31 pm ET2min read
NVDA--
SERV--
TSLA--
NVIDIA, the top stock by trading volume, rose 6.53% with a trading volume of $35.429 billion. Several major banks have strongly supported NVIDIA, driving its market value to soar by over $420 billion in just four days. Additionally, Serve Robotics, supported by NVIDIA, performed well in Q2 earnings, attracting more investor attention.

Tesla ranked second, gaining 5.24% with a trading volume of $15.548 billion. Tesla's sales reached 15,500 units, making it the top luxury brand by sales, surpassing BBA once again. CEO Elon Musk announced on the X platform that the beta version of the artificial intelligence model Grok 2 is about to be released.

Starbucks, in third place, surged 24.50% with a trading volume of $14.537 billion. The company appointed former Chipotle CEO Brian Niccol as the new CEO, which was met with optimism in the market, driving the stock price higher.

Apple, in fourth place, rose 1.72% with a trading volume of $9.425 billion. The upcoming iPhone 16 series will feature upgraded memory to support AI functions, and Apple announced that it will not charge for these smart features for the next three years.

Microsoft, in fifth place, increased by 1.77% with a trading volume of $7.657 billion. Vanguard Group increased its holdings in Microsoft in the second quarter, showing institutional confidence in its future development.

Meta, in sixth place, climbed 2.44% with a trading volume of $7.210 billion. Meta executives plan to sell 16,700 shares worth approximately $8.7775 million, while institutional investors like Vanguard Group also increased their holdings in Meta in the second quarter.

Amazon, in seventh place, rose 2.06% with a trading volume of $6.272 billion. Although Vanguard reduced its holdings in Amazon in Q2, the market remains optimistic about its future, pushing the stock price higher.

AMD, in eighth place, increased by 3.19% with a trading volume of $5.898 billion. AMD's server chips hit a record high, further solidifying its leadership in the AI PC market.

Chipotle, in ninth place, fell 7.50% with a trading volume of $5.472 billion. The departure of CEO Brian Niccol to Starbucks caused market concerns about Chipotle's future development, leading to a drop in its stock price.

SMIC, in tenth place, rose 4.89% with a trading volume of $4.598 billion. SMIC gained ahead of the Open Storage Summit, with positive market reactions.

Broadcom, in eleventh place, gained 5.07% with a trading volume of $3.399 billion. Broadcom launched a new catalyst plan aimed at better serving Symantec and Carbon Black customers, accelerating partner growth.

Visa, in twelfth place, edged up 0.16% with a trading volume of $3.097 billion. Visa announced the She's Next winners, focusing on the future of women entrepreneurs.

Eli Lilly, in thirteenth place, rose 2.67% with a trading volume of $3.070 billion. Eli Lilly issued $5 billion in blue-chip bonds to support its acquisition of Morphic.

Alphabet A, in fourteenth place, increased by 1.15% with a trading volume of $2.992 billion. The U.S. Department of Justice is considering pushing for the breakup of Google's Android operating system and Chrome browser.

TSMC, in fifteenth place, rose 2.80% with a trading volume of $2.499 billion. TSMC approved a capital budget of $29.61547 billion and approved a cash dividend of NT$4.00 per share for the second quarter.

Micron Technology, in sixteenth place, increased by 2.96% with a trading volume of $2.275 billion. Analysts recommended Micron Technology as a buy target due to the demand for AI servers, maintaining a target price of $175.

Home Depot, in seventeenth place, rose 1.23% with a trading volume of $2.203 billion. Home Depot's net sales for the second quarter were slightly below expectations, but overall market sentiment remains optimistic.

Alphabet C, in eighteenth place, increased by 1.21% with a trading volume of $2.092 billion. The U.S. Department of Justice's consideration of breaking up Google added further uncertainty to the market regarding Google's future.

Qualcomm, in nineteenth place, gained 4.04% with a trading volume of $1.799 billion. Qualcomm benefited from the overall market strength, leading to an increase in its stock price.

Palantir, in twentieth place, rose 3.37% with a trading volume of $1.729 billion. Palantir's partnership with Surf Air to innovate the air travel industry has bolstered market confidence in its future development.

Fantastic stocks and where to find them

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet