Volume Stonkers | Tesla Rose 4.18%, NVIDIA Insiders Sold $27.5748M Worth of Shares
Wednesday, Sep 4, 2024 5:30 pm ET
3min read NVIDIA, ranked first in trading volume, fell 1.66% with a trading volume of $39.611 billion. According to recent SEC filings, NVIDIA insiders sold shares worth $27.5748 million. NVIDIA stated that it has not received a subpoena from the U.S. Department of Justice regarding antitrust investigations.
Second-ranked Tesla rose 4.18% with a trading volume of $17.545 billion. Elon Musk announced the official launch of the super AI training cluster Colossus, with plans to add 100,000 more NVIDIA GPUs. Additionally, Tesla's Shanghai Gigafactory delivered over 86,000 vehicles in August and extended the five-year interest-free benefit until the end of September.
Apple, in third place, fell 0.86% with a trading volume of $9.591 billion. Goldman Sachs gave Apple a "buy" rating, slightly raising the target price from $275 to $276. Multiple platforms confirmed the 30% "Apple tax" commission, and Apple customer service suggested recharging through the computer.
Microsoft, ranked fourth, fell 0.13% with a trading volume of $6.133 billion. The UK approved the Microsoft-Inflection AI deal, believing it would not affect market competition. Microsoft Vice President Vik Singh will deliver a keynote speech at the North American Community Summit.
AMD, in fifth place, rose 2.87% with a trading volume of $5.826 billion. AMD appointed former NVIDIA Vice President Keith Strier as Senior Vice President of Global AI Market. Institutional data shows that global semiconductor sales reached $51.3 billion in July, up 18.7% year-on-year.
Amazon, ranked sixth, fell 1.66% with a trading volume of $5.258 billion. Amazon won a motion to dismiss a lawsuit concerning Prime Video privacy violations and awarded media accounts worth over $20 billion to WPP and Omnicom Media Group.
Meta, in seventh place, rose 0.19% with a trading volume of $4.249 billion. Cantor Fitzgerald maintained a "buy" rating for Meta Platforms, with a target price of $660.
Broadcom, ranked eighth, rose 0.87% with a trading volume of $3.118 billion. The market expects Broadcom's Q3 revenue to surge, with AI business and collaboration with OpenAI as potential highlights.
SMIC, in ninth place, fell 4.15% with a trading volume of $3.026 billion. SMIC denied allegations from the Hindenburg short report, and Barclays downgraded its rating from overweight to equal weight.
Google A, ranked tenth, fell 0.58% with a trading volume of $3.026 billion. The U.S. Department of Justice will appear in court next week to target Google's digital advertising business. Google announced that starting from Q2 2025, video action ads will be upgraded to demand generation ads.
Google C, in eleventh place, fell 0.50% with a trading volume of $2.713 billion. Evercore maintained a "buy" rating for Google C, with a target price of $225. The EU solicited feedback on Google's proposals to promote fair competition.
Berkshire Hathaway B, ranked twelfth, rose 0.28% with a trading volume of $2.528 billion. Berkshire's stock price hit a new high of $1 trillion, appearing somewhat expensive. Buffett's contrarian indicators explained why the stock market feels precarious.
Dollar Tree, in thirteenth place, fell 22.16% with a trading volume of $1.999 billion. Dollar Tree plummeted 12% pre-market after lowering its full-year revenue guidance. BMO Capital Markets maintained a "buy" rating but lowered the target price to $130.
ASML, ranked fourteenth, fell 4.01% with a trading volume of $1.841 billion. UBS downgraded ASML to a neutral rating, and AI-related U.S. semiconductor stocks are bracing for a "Red Wednesday."
TSMC, in fifteenth place, rose 0.19% with a trading volume of $1.819 billion. Qualcomm, Marvell Technology, and Applied Materials each fell 1%, and NVIDIA's stock drop led to a pre-market decline in U.S. chip stocks.
Eli Lilly, ranked sixteenth, fell 1.13% with a trading volume of $1.780 billion. Eli Lilly signed a licensing agreement with an Egyptian partner to expand the supply of the alopecia drug Olumiant in Africa. Thermo Fisher Scientific and Lilly are collaborating to develop Alzheimer's risk detection tests.
Zscaler, in seventeenth place, fell 18.67% with a trading volume of $1.738 billion. Zscaler released its Q4 financial report, and its guidance for Q1 of fiscal year 2025 fell short of expectations. BofA Securities downgraded its rating from buy to neutral.
UnitedHealth, ranked eighteenth, rose 0.91% with a trading volume of $1.724 billion. Institutional investors hold up to 90% of UnitedHealth Group's shares. The health insurance sector outperformed the broader market, with UnitedHealth reaching a new high for the year.
Visa, in nineteenth place, rose 0.69% with a trading volume of $1.713 billion. Compass Point initiated coverage of Visa with a buy rating and a target price of $319.
Intel, ranked twentieth, fell 3.33% with a trading volume of $1.679 billion. Intel launched a new generation of AI PC chips, claiming to surpass Qualcomm's flagship. Intel is considering selling Altera, with Marvell viewed as a potential buyer.
Second-ranked Tesla rose 4.18% with a trading volume of $17.545 billion. Elon Musk announced the official launch of the super AI training cluster Colossus, with plans to add 100,000 more NVIDIA GPUs. Additionally, Tesla's Shanghai Gigafactory delivered over 86,000 vehicles in August and extended the five-year interest-free benefit until the end of September.
Apple, in third place, fell 0.86% with a trading volume of $9.591 billion. Goldman Sachs gave Apple a "buy" rating, slightly raising the target price from $275 to $276. Multiple platforms confirmed the 30% "Apple tax" commission, and Apple customer service suggested recharging through the computer.
Microsoft, ranked fourth, fell 0.13% with a trading volume of $6.133 billion. The UK approved the Microsoft-Inflection AI deal, believing it would not affect market competition. Microsoft Vice President Vik Singh will deliver a keynote speech at the North American Community Summit.
AMD, in fifth place, rose 2.87% with a trading volume of $5.826 billion. AMD appointed former NVIDIA Vice President Keith Strier as Senior Vice President of Global AI Market. Institutional data shows that global semiconductor sales reached $51.3 billion in July, up 18.7% year-on-year.
Amazon, ranked sixth, fell 1.66% with a trading volume of $5.258 billion. Amazon won a motion to dismiss a lawsuit concerning Prime Video privacy violations and awarded media accounts worth over $20 billion to WPP and Omnicom Media Group.
Meta, in seventh place, rose 0.19% with a trading volume of $4.249 billion. Cantor Fitzgerald maintained a "buy" rating for Meta Platforms, with a target price of $660.
Broadcom, ranked eighth, rose 0.87% with a trading volume of $3.118 billion. The market expects Broadcom's Q3 revenue to surge, with AI business and collaboration with OpenAI as potential highlights.
SMIC, in ninth place, fell 4.15% with a trading volume of $3.026 billion. SMIC denied allegations from the Hindenburg short report, and Barclays downgraded its rating from overweight to equal weight.
Google A, ranked tenth, fell 0.58% with a trading volume of $3.026 billion. The U.S. Department of Justice will appear in court next week to target Google's digital advertising business. Google announced that starting from Q2 2025, video action ads will be upgraded to demand generation ads.
Google C, in eleventh place, fell 0.50% with a trading volume of $2.713 billion. Evercore maintained a "buy" rating for Google C, with a target price of $225. The EU solicited feedback on Google's proposals to promote fair competition.
Berkshire Hathaway B, ranked twelfth, rose 0.28% with a trading volume of $2.528 billion. Berkshire's stock price hit a new high of $1 trillion, appearing somewhat expensive. Buffett's contrarian indicators explained why the stock market feels precarious.
Dollar Tree, in thirteenth place, fell 22.16% with a trading volume of $1.999 billion. Dollar Tree plummeted 12% pre-market after lowering its full-year revenue guidance. BMO Capital Markets maintained a "buy" rating but lowered the target price to $130.
ASML, ranked fourteenth, fell 4.01% with a trading volume of $1.841 billion. UBS downgraded ASML to a neutral rating, and AI-related U.S. semiconductor stocks are bracing for a "Red Wednesday."
TSMC, in fifteenth place, rose 0.19% with a trading volume of $1.819 billion. Qualcomm, Marvell Technology, and Applied Materials each fell 1%, and NVIDIA's stock drop led to a pre-market decline in U.S. chip stocks.
Eli Lilly, ranked sixteenth, fell 1.13% with a trading volume of $1.780 billion. Eli Lilly signed a licensing agreement with an Egyptian partner to expand the supply of the alopecia drug Olumiant in Africa. Thermo Fisher Scientific and Lilly are collaborating to develop Alzheimer's risk detection tests.
Zscaler, in seventeenth place, fell 18.67% with a trading volume of $1.738 billion. Zscaler released its Q4 financial report, and its guidance for Q1 of fiscal year 2025 fell short of expectations. BofA Securities downgraded its rating from buy to neutral.
UnitedHealth, ranked eighteenth, rose 0.91% with a trading volume of $1.724 billion. Institutional investors hold up to 90% of UnitedHealth Group's shares. The health insurance sector outperformed the broader market, with UnitedHealth reaching a new high for the year.
Visa, in nineteenth place, rose 0.69% with a trading volume of $1.713 billion. Compass Point initiated coverage of Visa with a buy rating and a target price of $319.
Intel, ranked twentieth, fell 3.33% with a trading volume of $1.679 billion. Intel launched a new generation of AI PC chips, claiming to surpass Qualcomm's flagship. Intel is considering selling Altera, with Marvell viewed as a potential buyer.
