Volume Stonkers| Tesla Price Target Set at $310, NVIDIA Stock Predicted to Surge Based on Future Earnings Growth
Tesla, ranked first in trading volume, rose 0.36% with a trading volume of $33.621 billion. Morgan Stanley maintained its buy rating on Tesla with a target price of $310. Tesla also increased the price of the Model 3 in Europe, and Elon Musk revealed that the design of the second-generation humanoid robot will be completed later this year.
NVIDIA, ranked second, rose 2.69% with a trading volume of $32.295 billion. NVIDIA's GPUs are driving the iteration of optical modules, with expected earnings growth from 2024 to 2027. Additionally, Broadcom disclosed further development of its Spectrum-X product line.
Advanced Micro Devices (AMD), ranked third, rose 3.87% with a trading volume of $16.488 billion. AMD acquired AI model developer Silo AI for $665 million, and Roth MKM raised its target price to $200.
Apple, ranked fourth, rose 1.88% with a trading volume of $14.460 billion. AI services are boosting demand, with iPhone 16 shipments expected to grow by 10% in the second half of the year, and Q3 App Store revenue projected to increase by 13% year-over-year.
Microsoft, ranked fifth, rose 1.46% with a trading volume of $8.428 billion. Microsoft reached a $22 million settlement to resolve antitrust complaints in cloud computing and continues to push U.S. stock markets to new highs.
Broadcom, ranked sixth, rose 0.66% with a trading volume of $6.995 billion. Broadcom's Ethernet has become the first choice for deploying large-scale GPU clusters, and a stock split plan is imminent.
Amazon, ranked seventh, rose 0.23% with a trading volume of $6.509 billion. Amazon plans to invest in renewable energy projects in Japan, and its Bedrock's fine-tuning of Claude 3 Haiku has significantly improved accuracy.
Meta, ranked eighth, rose 0.89% with a trading volume of $5.854 billion. Some Meta executives sold shares worth several million dollars, and the market remains optimistic about its future performance.
Advanced Micro Devices (AMD), ranked ninth, rose 0.49% with a trading volume of $4.485 billion. Nomura Securities downgraded its rating to neutral and set a target price of $930 per share.
TSMC (Taiwan Semiconductor Manufacturing Company), ranked tenth, rose 3.54% with a trading volume of $3.634 billion. TSMC's June sales surged 40.1% year-over-year, and it has begun early trial production of its 2nm process, with a positive market outlook for its future performance.
Alphabet A (Google), ranked eleventh, rose 1.16% with a trading volume of $3.038 billion. Google is exploring various options to counter Microsoft's licensing strategy while continuing to push its stock price to new highs.
Micron Technology, ranked twelfth, rose 4.00% with a trading volume of $3.018 billion. KeyBanc raised its target price to $165, and semiconductor stocks are once again a market focus.
Eli Lilly, ranked thirteenth, rose 0.78% with a trading volume of $2.515 billion. Barclays raised Eli Lilly's target price to $1,025 and maintained its buy rating.
Visa, ranked fourteenth, fell 0.92% with a trading volume of $2.468 billion. Visa announced the release of approximately $2.7 billion from its Class B and Class C convertible participating preferred stock.
HubSpot, ranked fifteenth, fell 12.12% with a trading volume of $2.351 billion. Alphabet, Google's parent company, decided not to pursue an acquisition of HubSpot, leading to a significant drop in its stock price.
Alphabet C (Google), ranked sixteenth, rose 1.17% with a trading volume of $2.270 billion. Google continues to explore various options to counter Microsoft's licensing strategy and push its stock price to new highs.
Salesforce, ranked seventeenth, rose 0.06% with a trading volume of $2.237 billion. A Salesforce director sold shares worth approximately $1.0615 million.
CrowdStrike Holdings, ranked eighteenth, fell 2.96% with a trading volume of $2.164 billion. The software sector overall declined, with CrowdStrike leading the fall in software stocks.
Mastercard, ranked nineteenth, fell 2.49% with a trading volume of $2.059 billion. BofA indicated that Visa and Mastercard might face increased regulatory activity and downgraded their ratings.
Intel, ranked twentieth, rose 0.81% with a trading volume of $1.804 billion. Intel, along with AMD, experienced significant gains, and the market is optimistic about its future potential in the AI sector.
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