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WSB Alert | NVIDIA Tops WSB Discussion as Bank of America Boosts Target Price

AInvestFriday, Oct 18, 2024 7:01 am ET
3min read

A few years ago, a short squeeze battle between retail investors and Wall Street led to the WSB forum's overnight popularity, causing a surge in users. Consequently, it is now known as the "retail investors' hub" for U.S. stocks. The retail investors here may seem reckless, yet they are not without reason, often serving as a market trend indicator.

The WSB Hot Stocks section aims to delve into retail investors' favorite stocks through key metrics such as mention volume, likes, and hot discussion rankings, tracking points of interest among retail investors to grasp the latest U.S. stock trends.

On October 18, the latest WSB hot discussion rankings are as follows:

NVIDIA ranks first on the WSB hot discussion list, with a 0.89% overnight increase, marking a two-day rise and a 4.05% increase over the past two days.

S&P 500 ETF-SPDR ranks second, with a 0.01% overnight increase, also marking a two-day rise and a 0.44% increase over the past two days.

Netflix ranks third, with a 2.04% overnight decrease, marking a five-day decline and a 5.84% decrease over the past five days.

Notably, in terms of ranking changes among the top 20 in the hot discussion list:

Netflix saw a rise of 34 ranks, now ranking third, with a 2.04% overnight decrease, marking a five-day decline and a 5.84% decrease over the past five days.

Google A rose by 33 ranks, now ranking 14th, with a 1.35% overnight decrease, marking a two-day decline and a 1.53% decrease over the past two days.

Amazon rose by 15 ranks, now ranking 19th, with a 0.34% overnight increase.

The top companies in the rankings include NVIDIA with 540 mentions and 2803 likes, followed by S&P 500 ETF-SPDR with 261 mentions and 1555 likes, and Netflix with 255 mentions and 821 likes.

WSB Hot Discussion Company News

Bank of America Global Research raises NVIDIA's target price to $190
Bank of America Global Research has raised NVIDIA's target price to $190, indicating a 39% upside from the latest closing price, up from the previous target of $165, and maintains a buy rating.

Amazon AWS: NVIDIA's AI chip Blackwell to go online in early 2025
Amazon AWS announced that NVIDIA's AI chip Blackwell, adopted by the company, will be available in early 2025. The company will have more new chips than other customers.

NVIDIA rises about 4%, hitting a record high
NVIDIA rose about 4%, hitting a record high, now priced at 140.89.

Megmeet: Company participates in NVIDIA's Blackwell GB200 system development
Megmeet announced that it is involved in the development of NVIDIA’s Blackwell GB200 system as one of over 40 data center component providers. The collaboration with NVIDIA is based on mutual intentions and is expected to positively impact future operations.

Netflix: Expects higher user growth in Q4 than in Q3
Netflix expects Q4's paid new user growth to surpass Q3. Q4 2024 revenue is predicted to grow 15%, with an operating profit margin of 22%, a 5% increase year-on-year. The guidance suggests a 15% year-on-year revenue growth for 2024. For 2025, revenue is expected to be $43-44 billion, against a market expectation of $43.42 billion.

Netflix adds 5.07 million net streaming paid users in Q3, Analysts expected 4.52 million
Netflix's Q3 EPS stood at $5.4, beating analyst expectations of $5.12. The company added 5.07 million net streaming paid users in Q3, against an expectation of 4.52 million. For 2025, revenue is anticipated between $43-44 billion, while analysts expected $43.4 billion. Q4 EPS is expected at $4.23, above the analyst forecast of $3.90, with revenue projected at $10.13 billion, against an expectation of $10.05 billion.

TSMC responds to U.S. investigation into Huawei: We comply with laws
On the 18th, TSMC stated its commitment to legal compliance, including export controls, amid reports of a U.S. investigation into its transactions with Huawei. TSMC assured it would address potential issues promptly to ensure compliance, including initiating investigations and communicating with customers and regulators.

TSMC: Electricity prices at Taiwan sites have doubled, highest globally
In a statement, TSMC CFO Wendell Huang indicated that rising electricity prices in Taiwan are a significant factor impacting TSMC's gross margin, expecting a 1% impact next year due to increased electricity and other costs.

U.S. investigates Tesla's FSD software in over 2.4 million vehicles due to collision incidents
The NHTSA's Office of Defects Investigation initiated a probe into Tesla's FSD functionality due to collision reports under low visibility conditions. The investigation involves approximately 2,410,002 vehicles, covering Model X, Model S, Model 3, and Model Y from 2016-2024.

Tesla's supercharging stations surpass 60,000 globally
According to Tesla's official Weibo, the company has over 60,000 supercharging stations worldwide, with over 2,000 stations and 11,622 supercharging piles in mainland China.

Insiders: Tesla's FSD hasn't received approval to enter China
Despite ongoing talks, Tesla's FSD hasn’t gained regulatory approval to enter China. CEO Elon Musk has sought approval to access certain video data for system training, promising strict scrutiny by relevant authorities.

OpenAI and Microsoft engage in negotiations on equity conversion
OpenAI and Microsoft are negotiating how to convert a nearly $14 billion investment in a non-profit into equity in a for-profit company. As OpenAI transitions to a for-profit entity, the allocation of shares and Microsoft's governance rights are key issues. Microsoft has collaborated with Morgan Stanley, while OpenAI has chosen Goldman Sachs for advice.

Microsoft responds to Azure OpenAI personal service halt: Enterprise clients in China can continue usage
Microsoft confirmed that the rumored halt in Azure OpenAI's personal developer service affects only non-enterprise users in China, ensuring enterprise clients can continue using the service.

Amazon AWS: NVIDIA's AI chip Blackwell to go online in early 2025
Amazon AWS announced that NVIDIA's AI chip Blackwell, adopted by the company, will be available in early 2025. The company will have more new chips than other customers.

Tech giants invest in nuclear power, Amazon's investment exceeds $500 million
To support data center growth and meet increasing AI and cloud computing demands, major tech companies in the U.S. are investing in nuclear power. Amazon recently announced investments exceeding $500 million, following Google's nuclear power purchase plan.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.