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WSB Alert | NVIDIA Tops WSB Hot Discussion Amid Tech and Market News Buzz

Word on the StreetWednesday, Oct 23, 2024 7:00 am ET
3min read

A few years ago, a short squeeze battle between retail investors and Wall Street made the WSB forum go viral overnight, with a surge in user numbers. Since then, it has been known as the "home base" for U.S. stock retail investors. While these retail investors may seem wild, they are not without reason, and the forum serves as a market trend indicator.

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

Latest WSB Hot Discussion Rankings for October 23

By Ranking:

NVIDIA ranks No. 1 on the WSB Hot Discussion Board, with NVIDIA falling 0.08% overnight.

S&P 500 ETF-SPDR ranks No. 2 on the WSB Hot Discussion Board, with a 0.05% overnight drop, marking a two-day decline of 0.22%.

McDonald's ranks No. 3 on the WSB Hot Discussion Board, with a 0.06% overnight drop, marking a two-day decline of 0.59%.

Notably, by Ranking Changes, among the top 20 on the Hot Discussion Board,

Joby Aviation's rank rose by 380 places to 19th, with a 12.57% overnight increase.

Starbucks' rank rose by 221 places to 13th, with a 0.38% overnight increase.

Vertiv Holdings' rank rose by 179 places to 17th, with a 0.32% overnight increase.

Among the top companies, NVIDIA ranked 1st with 353 mentions and 1683 likes. S&P 500 ETF-SPDR followed closely, ranking 2nd with 238 mentions and 739 likes. McDonald's was 3rd with 217 mentions and 1048 likes. Tesla, despite a drop in rank, still had significant engagement with 195 mentions and 3514 likes.

WSB Hot Discussion Company News

Jinfu Technology: Subsidiary Mai Zhi Technology to Actively Communicate with NVIDIA
Jinfu Technology announced unusual stock trading fluctuations. Recently, some investors inquired about the cooperation between its subsidiary, Kunshan Mai Zhi Fixture Technology Co., Ltd., and NVIDIA Corporation. The company clarified that Mai Zhi Technology's mass-produced AOI inspection equipment, custom-developed for NVIDIA, has passed verification and has been included in NVIDIA’s new data center IQC inspection specifications. Over the next two months, Mai Zhi Technology will actively communicate with NVIDIA's ODMs and cloud service providers regarding potential equipment demand and orders. This business is not expected to significantly impact this year's performance.

Jensen Huang: NVIDIA Has Applied AI to Chip Design and Supply Chain Management
On October 23, NVIDIA CEO Jensen Huang addressed thousands of enterprise technology leaders, urging them to transform into AI-driven organizations for what he calls the "new industrial revolution." Huang stated that NVIDIA has already applied AI to chip design, software writing, and supply chain management, and is building what he calls the "AI brain" for the future.

Hong Kong McDonald's: Affected Products Limited to the U.S.
A food safety incident in the U.S. involving McDonald's has raised concerns. However, the Hong Kong McDonald's spokesperson clarified that the affected products and ingredients are limited to certain U.S. locations and do not involve Hong Kong, assuring customers of safety. The incident is linked to a supplier's onions, which have now been discontinued.

McDonald's China Responds to E. coli Outbreak in the U.S.
Following a CDC alert regarding an E. coli outbreak in the U.S. linked to McDonald's Quarter Pounder, McDonald's China assured that it does not sell the mentioned products or use related ingredients, adhering to legal and quality standards.

McDonald's U.S. Responds to E. coli Incident: Possible Onion Link
McDonald's is taking swift action in affected U.S. states, temporarily removing Quarter Pounders. Investigations suggest a possible link to shredded onions from a supplier serving three distribution centers.

Tesla Among First to Join China's Value-Added Telecom Services Pilot
From October 23, Beijing, Shanghai, Hainan, and Shenzhen started a pilot to expand foreign access to value-added telecom services. Approved areas allow foreign enterprises to wholly own internet data centers and other services. Notable companies like Tesla and Siemens are pre-filing applications.

Former Microsoft Research Manager Joins Moon Dark Side
Former Microsoft Research Manager Tan Xu joined Moon Dark Side in August to develop end-to-end speech models similar to GPT-4o, with a focus on multimodal research starting in October 2023.

SK Hynix Plans to Launch CXL and LPCAMM by 2025
SK Hynix plans to launch CXL and new low-power memory LPCAMM products by 2025, based on customer demand.

OLED Subsidiary Wins Bid for AMOLED Production Line Equipment
OLED subsidiary Shanghai Shengxi Photonics won a bid for Wuhan Tianma's 6th-gen AMOLED line's organic evaporation source project, a key component for improving product yield.

Starbucks' Fourth Quarter Same-Store Sales Below Expectations
Starbucks' preliminary Q4 net revenue was $9.1 billion, below analysts' expectations of $9.36 billion, with a 7% drop in same-store sales versus an expected 3.48% decline, leading to a pause in 2025 guidance.

China Mobile's Yang Meets Apple's Cook on 5G Cooperation
On October 22, China Mobile Chairman Yang Jie met Apple CEO Cook in Beijing to discuss deepening cooperation in 5G messaging and XR immersive content, aiming for mutual benefits.

Cook Addresses Apple's AI Plans for China
Apple CEO Tim Cook, during a visit to Weibo, mentioned regulatory processes in response to questions about Apple Intelligence entering China, expressing a desire to bring it to Chinese consumers soon.

Apple Developing New App Store for Gaming
Apple is developing a new App Store specifically for gaming to attract gamers to its products.

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.