Volume Stonkers | NVIDIA rose by 1.40%, Schmidt Says AI Chip Dominance Unassailable, Boosts Market Confidence

NVIDIA, the leading stock by trading volume, rose by 1.40% with a trading volume of $36.904 billion. Former Google CEO Eric Schmidt publicly stated that NVIDIA's dominant position in the AI chip sector is unassailable, further boosting market confidence in the company.

Tesla, in second place, increased by 0.93% with a trading volume of $19.156 billion. Tesla's Cybertruck continues to be the best-selling vehicle in the U.S. priced above $100,000, while its competitor Rivian announced the suspension of production for Amazon's electric delivery van.

Apple, ranked third, saw a gain of 0.59% with a trading volume of $9.918 billion. Morgan Stanley raised its forecast for iPhone sales in the third quarter, and Apple’s control over its App Store in Europe is reportedly weakening.

Microsoft, in fourth place, declined by 0.61% with a trading volume of $9.229 billion. Both UBS and Bank of America increased their holdings in Microsoft in their Q2 reports, indicating market confidence in the company's future performance.

Meta, the fifth stock by trading volume, fell by 1.84% with a trading volume of $7.777 billion. Meta executives plan to sell a significant amount of shares, and its social platform Threads launched new features to attract businesses and digital creators.

Amazon, ranked sixth, decreased by 0.30% with a trading volume of $5.576 billion. Amazon signed an $80 million asset purchase agreement with Perceive, further expanding its business scope.

SMIC, in seventh place, rose by 0.34% with a trading volume of $5.035 billion. SMIC performed outstandingly this week, with its stock price soaring over 23%, continuing to attract investors.

AMD, the eighth stock by trading volume, increased by 0.81% with a trading volume of $4.599 billion. AMD launched new processors but has not fully impressed gamers and creators.

Google A, ranked ninth, rose by 1.03% with a trading volume of $3.947 billion. Google will update its political content management policy starting in August 2024, expanding regional restrictions to Canada.

Broadcom, in tenth place, fell by 0.25% with a trading volume of $3.178 billion. Broadcom announced it will host the VMware Explore conference in Las Vegas in 2024, continuing to advance its technology and market influence.

Google C, ranked eleventh, increased by 0.96% with a trading volume of $2.779 billion. Google faces a potential breakup crisis, causing investor concerns that may negatively impact Alphabet stocks.

Applied Materials, in twelfth place, fell by 1.86% with a trading volume of $2.397 billion. Applied Materials reported Q3 revenue of $6.78 billion and provided Q4 guidance in line with market expectations.

Netflix, ranked thirteenth, rose by 1.64% with a trading volume of $2.320 billion. Paramount may become one of Netflix's bidders, sparking market discussions, while a Netflix board member sold 131,700 shares of common stock.

AST SpaceMobile, the fourteenth stock by trading volume, decreased by 1.05% with a trading volume of $2.150 billion. AST SpaceMobile offered retail shareholders the opportunity to participate in the Bluebird 1-5 launch event and received rating updates from top analysts.

Alibaba, in fifteenth place, increased by 4.55% with a trading volume of $2.103 billion. Alibaba's first-quarter revenue reached 243.236 billion yuan, a 4% year-over-year increase, and it expects to complete its primary listing conversion in Hong Kong by the end of August.

Palantir, ranked sixteenth, rose by 2.71% with a trading volume of $2.074 billion. Palantir executives plan to sell 160,000 shares valued at approximately $4.9952 million, continuing to attract market attention.

Eli Lilly, in seventeenth place, fell by 1.06% with a trading volume of $1.993 billion. Eli Lilly completed a $3.2 billion acquisition of Morphic Holding and received positive ratings from analysts.

Micron Technology, the eighteenth stock by trading volume, increased by 0.97% with a trading volume of $1.975 billion. Micron Technology showed strong performance in the semiconductor sector, leading the market and benefiting from positive U.S. economic data.

TSMC, ranked nineteenth, rose by 0.36% with a trading volume of $1.857 billion. TSMC announced it will invest in advanced packaging capacity to meet the surging demand for AI chips.

JPMorgan Chase, in twentieth place, increased by 1.19% with a trading volume of $1.692 billion. JPMorgan Chase has risen for nine consecutive days, marking its longest winning streak since December 2023.