WSB Alert | NVIDIA Tops WSB Hot Stock Rankings Despite Consecutive Losses

Generated by AI AgentAinvest Street Buzz
Monday, Aug 5, 2024 7:00 am ET3min read
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A few years ago, a short squeeze battle between retail investors and Wall Street made the WSB forum an overnight sensation, with a surge in user numbers. Since then, the forum has been hailed as the "home base for retail investors" in the U.S. stock market. Although these retail investors may appear to be frenzied, they are also rational and can serve as a barometer for market trends. The WSB Hot Stocks section aims to delve into the individual stocks most loved by retail investors by tracking key metrics such as the number of mentions, likes, and hot debate rankings. This helps in tracking retail investor interests and grasping the latest trends in the U.S. stock market.

The latest WSB Hot Stock Rankings on August 5 are as follows:

By ranking:

NVIDIA ranks 1st on the WSB Hot Stock list. NVIDIA dropped 1.78% overnight and has been down for two consecutive days, losing 8.33% over the past two days.

S&P 500 ETF-SPDR ranks 2nd on the WSB Hot Stock list. S&P 500 ETF-SPDR fell 1.86% overnight and has been down for two consecutive days, losing 3.25% over the past two days.

NASDAQ 100 Index ETF ranks 3rd on the WSB Hot Stock list. NASDAQ 100 Index ETF fell 2.37% overnight and has been down for two consecutive days, losing 4.74% over the past two days.


Notably, by ranking change, among the top 20 on the Hot Stock list:

NASDAQ 100 Triple Long rose 35 places on the WSB Hot Stock list, currently ranking 17th. It fell 7.29% overnight and has been down for two consecutive days, losing 13.97% over the past two days.

CrowdStrike Holdings rose 29 places on the WSB Hot Stock list, currently ranking 11th. It fell 2.82% overnight and has been down for four consecutive days, losing 15.81% over the past four days.

NASDAQ 100 Triple Short rose 24 places on the WSB Hot Stock list, currently ranking 9th. It gained 7.27% overnight and has been up for two consecutive days, gaining 15.13% over the past two days.


By ranking, NVIDIA is in the 1st position on the WSB Hot Stock list with 542 mentions and 4160 likes. S&P 500 ETF-SPDR is in the 2nd position with 371 mentions and 2503 likes. NASDAQ 100 Index ETF is in the 3rd position with 195 mentions and 2394 likes. Intel is in the 4th position with 149 mentions and 2075 likes. Apple is in the 5th position with 110 mentions and 599 likes.

WSB Hot Stock Company News

Intel Plunge Shocks QDII Funds, U.S. Stock Strategy Divergence Increasing
The plunge in the stock prices of Intel and other U.S. stock giants has shocked many funds heavily invested in U.S. stocks. This may become another trigger for QDII funds to reduce their U.S. stock positions. The reporter noted that Intel, which plunged last Friday, has not been a mainstream holding in QDII funds for many years, allowing many QDII funds to avoid this crisis. However, the recent continuous failures in U.S. stocks have led to significant changes in the stock holding strategies of U.S. stock funds. Many funds have started to abandon a single U.S. stock allocation strategy and have begun increasing their allocations in A-shares and Hong Kong stocks.

Musk's Neuralink Expected to Complete 10 Brain-Computer Interface Implant Surgeries This Year
On August 4th (local time in the U.S.), Neuralink founder Musk revealed in a podcast that the company has successfully implanted its brain-computer interface device in its second patient. He expects Neuralink to provide implants for another 8 patients this year as part of its clinical trials. This will bring the total number of brain-computer interface implant patients to 10.

Tesla's Xi'an Brake Incident Vehicle Examination Finds No Fault
Recently, the second-instance judgment in the defamation case between Tesla and Li from Xi'an was announced. Li was ordered to compensate Tesla with an amount adjusted from 2,000 yuan in the first instance to 70,000 yuan. The judicial appraisal institution commissioned by the court examined the involved vehicle and concluded that the braking system's current technical condition is normal and effective, with no faults. There were no issues with the brake pedal not being able to be pressed or a decrease in braking efficiency, and the vehicle met the relevant technical standards. In March 2021, Li had a traffic accident while driving a Tesla and claimed that the accident was due to "brake failure." In April 2021, Li staged a protest at Tesla's booth during the Shanghai Auto Show.

Yole: DRAM Revenue Expected to Reach $98 Billion in 2024, an 88% Increase Year-on-Year
Yole's latest report states that the semiconductor memory market is expected to grow from $96 billion in 2023 to $234 billion in 2024, with a compound annual growth rate of 16%. This growth is driven by advancements in 3D architecture and heterogeneous integration technologies, continuously improving performance and bit density. The memory industry is now on a fast recovery track, with DRAM revenue expected to reach $98 billion in 2024 (an 88% increase year-on-year), and NAND revenue expected to reach $68 billion (a 74% increase). This growth momentum is expected to continue into 2025, with DRAM and NAND revenues reaching $137 billion and $83 billion, respectively.

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