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WSB Alert | NVIDIA Tops WSB Trends, Tesla Faces Model 3 Setback

AInvestThursday, Oct 3, 2024 7:00 am ET
2min read
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A few years ago, a short squeeze battle between retail investors and Wall Street made the WSB forum go viral overnight, with its user base surging. It has since been dubbed the "retail investor hub" of the US stock market. The retail investors here may seem frenzied, but they are rational and serve as a market trend indicator.

The WSB trending stocks section aims to delve into the most favored stocks of retail investors through key indicators such as individual stock mentions, likes, and trending rankings, tracking the focus of retail investors to grasp the latest US stock trends.

The latest WSB trending rankings as of October 3 are as follows:

In terms of ranking:

NVIDIA ranks 1st on the WSB trending list, with NVIDIA rising 1.58% overnight.

S&P 500 ETF-SPDR ranks 2nd on the WSB trending list, with the S&P 500 ETF-SPDR rising 0.04% overnight.

Tesla ranks 3rd on the WSB trending list, with Tesla falling 3.49% overnight, marking a two-day consecutive drop of 4.82% over the past two days.

Notably, in terms of ranking changes within the top 20 of the trending list:

Levi's rose by 269 ranks, currently at 14th place, with Levi's falling 2.86% overnight, marking a two-day consecutive drop of 3.39% over the past two days.

Clover Health rose by 172 ranks, currently at 5th place, with Clover Health gaining 29.14% overnight.

Humana rose by 121 ranks, currently at 13th place, with Humana falling 11.79% overnight, marking a three-day consecutive drop of 22.87% over the past three days.

NVIDIA ranks first with the most mentions and likes, followed by S&P 500 ETF-SPDR and Tesla. NVIDIA had 370 mentions and 6392 likes, while S&P 500 ETF-SPDR had 302 mentions and 2753 likes. Tesla had 197 mentions and 2094 likes.

WSB Trending Company News

NVIDIA and Accenture Deepen Collaboration to Promote AI Adoption
NVIDIA and consulting firm Accenture have expanded their partnership to promote the adoption of artificial intelligence (AI) in enterprises and increase orders for the chip manufacturer's products. Accenture will create an NVIDIA business unit dedicated to helping clients use and scale generative AI tools.

Tesla Removes Model 3 Standard Range Rear-Wheel Drive from U.S. Website
According to the latest information on Tesla's (TSLA.O) website, the company's cheapest version of the Model 3 is no longer available for order in the U.S. The Model 3 Standard Range Rear-Wheel Drive, which uses lithium iron phosphate (LFP) batteries from China, was priced at $38,990 but has now been removed. The U.S. recently announced higher tariffs on Chinese imports, including a 100% tariff on electric vehicles and a 25% tariff on EV batteries and critical minerals. Additionally, cars with components made in China, such as LFP batteries, are not eligible for the $7,500 government tax credit. Tesla's Model 3 Long Range Rear-Wheel Drive is now the company's cheapest model available in the U.S., priced at $42,490.

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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.