WSB Alert | Nvidia Tops WSB Hot Stock List Amid TSMC Expansion News

A few years ago, a short squeeze battle between retail investors and Wall Street made the WSB forum explode overnight, with a surge in user numbers, earning it the reputation as the "retail investors' headquarters" for U.S. stocks. These retail investors may seem reckless, but they are not without reason, serving as a market direction indicator.

The WSB hot stocks section aims to delve into favorite stocks of retail investors by tracking key indicators such as stock mentions, likes, and ranking in discussions, capturing the latest U.S. stock trends.

Latest WSB Hot Stock Rankings as of October 17

By Ranking:

Nvidia ranks 1st on the WSB hot stock list, with Nvidia's overnight gain at 3.13%.

TSMC ranks 2nd on the WSB hot stock list, with TSMC's overnight gain at 0.19%.

S&P 500 ETF-SPDR ranks 3rd on the WSB hot stock list, with its overnight gain at 0.43%.

Noteworthy Ranking Changes in the Top 20:

Energy Fuels climbed 390 spots on the WSB hot stock list, currently ranking 20th, with an overnight gain of 15.38%.

NuScale Power climbed 33 spots on the WSB hot stock list, currently ranking 10th, with an overnight gain of 40.01%.

Clover Health climbed 32 spots on the WSB hot stock list, currently ranking 16th, with an overnight gain of 3.15%, having risen for 7 consecutive days, with a 7-day increase of 15.45%.

According to the leaderboard, Nvidia ranked first with 572 mentions and 8,068 likes. TSMC followed in second place with 324 mentions and 1,098 likes. S&P 500 ETF-SPDR took third place with 258 mentions and 1,002 likes.

WSB Hot Company News

Duquesne Family Office Chairman: Selling Nvidia was my "major mistake"
Stanley Druckenmiller, Chairman and CEO of Duquesne Family Office, stated that selling Nvidia was his "major mistake." He indicated plans to repurchase Nvidia stocks if prices fall.

TSMC: This year's CoWoS capacity increased over twofold but still falls short
TSMC Chairman Mark Liu announced that customer demand for CoWoS advanced packaging greatly exceeds supply, despite a more than twofold increase in capacity this year. TSMC will continue to meet customers' needs for CoWoS advanced packaging capacity.

TSMC's second plant in Japan to begin construction by year-end
TSMC's second plant in Kumamoto Prefecture, Japan, is planned to begin construction in 2024 and start production in 2027. The preparations are progressing as scheduled.

TSMC's Capital Expenditure slightly over $30 billion this year, higher next year
TSMC reported that this year's capital expenditure is slightly over $30 billion and expects an increase next year. The planned capital expenditure for this year was adjusted slightly upwards to between $30 billion and $32 billion.

TSMC expects fourth-quarter sales of $26.1 billion to $26.9 billion, estimated at $24.94 billion
TSMC projects fourth-quarter sales between $26.1 billion and $26.9 billion, with an estimate of $24.94 billion.

TSMC's 2024 Q3 revenue at NT$759.692 billion
TSMC's Q3 revenue reached NT$759.692 billion, compared to NT$546.733 billion in the same period last year, exceeding market expectations of NT$742.166 billion.

Industry reports ASML and TSMC to negotiate 2025 equipment prices, ASML aiming for a 3-5% increase
Reports indicate upcoming negotiations between ASML and TSMC for 2025 equipment prices, with ASML aiming for a 3-5% price increase.

ASML CEO: Growth momentum in the chip industry remains strong
ASML's CEO stated that the growth momentum in the chip industry remains strong.

Oklo Inc., developing fast fission power plants, surged about 28%, reaching $14.99
Oklo Inc., specializing in fast fission power plants, surged about 28% to $14.99, nearing its intra-day record high of $18.80 on May 10.

Yu Chengdong responds to Tesla FSD entering China: Confident in winning the competition
At the "2024 World Intelligent Connected Vehicle Conference," Yu Chengdong, Huawei's Executive Director and Chairman of the Intelligent Automotive Solutions BU, expressed confidence in competing with Tesla FSD entering China.

Tesla appoints Afshar to oversee North American and European operations
Tesla has appointed Afshar to oversee operations in North America and Europe.

Tesla Global Vice President Tao Lin: Compliance is the bottom line for corporate operations
In response to reports of illegal geographic information surveying by a foreign company in China, Tesla's Global Vice President Tao Lin emphasized the importance of compliance for sustainable development.

Microsoft announces new virtual machines based on Azure Cobalt 100 now available
Microsoft has announced the launch of new virtual machines based on Azure Cobalt 100.