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WSB Alert | NVIDIA Tops WSB Hot Stock List Amidst 3-Day Losing Streak

AInvestTuesday, Aug 6, 2024 4:41 am ET
3min read
Several years ago, a short squeeze battle between retail investors and Wall Street caused the WSB forum to skyrocket overnight, with a surge in user numbers. Since then, this place has been known as the "home base of retail investors" in the US stock market. The retail investors here may seem crazy, but they are not lacking in rationality and can serve as a market trend indicator. The WSB Hot Stocks section aims to dig deep into the stocks most loved by retail investors through key metrics such as mentions, likes, and discussion rankings, track their focus points, and grasp the latest trends in the US stock market.

As of August 6, the latest WSB hot stock rankings are as follows:

By ranking,

NVIDIA ranks 1st on the WSB hot stock list, NVIDIA fell 6.36% overnight, marking a three-day losing streak with a drop of 14.16% over the past three days.

S&P 500 ETF-SPDR ranks 2nd on the WSB hot stock list, S&P 500 ETF-SPDR fell 2.91% overnight, with a three-day losing streak dropping 6.07% over the past three days.

Nasdaq 100 Index ETF ranks 3rd on the WSB hot stock list, Nasdaq 100 Index ETF fell 2.98% overnight, with a three-day losing streak dropping 7.58% over the past three days.


Notably, by ranking changes among the top 20 on the hot stock list,

Lumen Technologies rose 225 places on the WSB hot stock list, currently ranking 15th, with a 15.64% overnight drop, marking a two-day losing streak with a drop of 21.99% over the past two days.

Robinhood Markets rose 37 places on the WSB hot stock list, currently ranking 17th, with an 8.17% overnight drop, marking a three-day losing streak with a drop of 20.18% over the past three days.

Hims & Hers Health rose 17 places on the WSB hot stock list, currently ranking 4th, with a 1.48% overnight gain.


NVIDIA ranks 1st with 715 mentions and 5153 likes. The S&P 500 ETF-SPDR ranks 2nd with 697 mentions and 14370 likes. The Nasdaq 100 Index ETF ranks 3rd with 221 mentions and 2422 likes.

WSB Hot Stock Company News

NVIDIA CEO Jensen Huang cashed out $322.7 million in NVIDIA stock in July
NVIDIA CEO Jensen Huang cashed out $322.7 million in NVIDIA stock in July, selling about $500 million in stock in total from June to July.

Palantir's second-quarter revenue is $678.1 million
Palantir's second-quarter revenue is $678.1 million, with analysts expecting $652.8 million.

Intel confirmed its manufacturing plant in Oregon, USA, is introducing a second High-NA EUV lithography machine
Intel confirmed its manufacturing plant in Oregon, USA, is introducing a second High-NA EUV lithography machine.

After Jiangsu, Tesla Model Y enters Fujian Province Government Procurement Online Market list
According to the "Fujian Province Government Procurement Online Market" website, a Tesla Model Y "TSL6480BEVAR0" model has been added to the "Procurement Online Market" list. This is a rear-wheel-drive version (standard range) in starlight gray, with an official guide price of 249,900 yuan, a CLTC pure electric range of 554 kilometers, 0-100 km/h acceleration in 5.9 seconds, and a top speed of 217 km/h. On July 4 this year, the Tesla Model Y was included in the Jiangsu Province government vehicle procurement directory.
Elon Musk's social media company X plans to close its San Francisco office "within the next few weeks"
According to an internal email, Elon Musk's social media company X plans to close its San Francisco office "within the next few weeks". X CEO Linda Yaccarino stated in an email to employees on Monday that the staff will move to an existing office in San Jose, California. The email also mentioned that X will open an engineering office in Palo Alto, California, sharing the space with Musk's AI company xAI. Musk and an X representative did not respond to requests for comment.
Elon Musk: Warren Buffett is basically the Federal Reserve
In response to a comment that Berkshire Hathaway CEO Warren Buffett sold $90 billion in stocks (in the first half of the year), holds $277 billion in cash, and owns more Treasury bonds than the Federal Reserve, Elon Musk said he is basically the Federal Reserve.
Elon Musk seeks judicial ruling to invalidate OpenAI's license to Microsoft
Court documents show that Elon Musk is seeking a judicial ruling to invalidate OpenAI's license granted to Microsoft.
Elon Musk reopens lawsuit against OpenAI and its CEO Sam Altman
Elon Musk has reopened the lawsuit against OpenAI and its CEO Sam Altman, once again claiming that OpenAI prioritizes profits and business interests over public interests.

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.