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WSB Alert | Trump Media Leads WSB Hot Stocks with 21.59% Surge

Word on the StreetTuesday, Oct 29, 2024 7:00 am ET
2min read

A few years ago, a short squeeze battle between retail investors and Wall Street catapulted the WSB forum to fame overnight, with user numbers soaring. Since then, it has been hailed as the "retail investor hub" of the US stock market. The retail investors here may seem irrational but are not lacking in reason, serving as a market trend indicator.

The WSB Hot Stocks section aims to delve into the stocks most loved by retail investors through key metrics such as stock mentions, likes, and debate rankings, tracking their focal points to grasp the latest US stock trends.

The latest WSB Hot Stock Rankings as of October 29 are as follows:

In terms of ranking,

Trump Media Technology ranks 1st on the WSB Hot Stock list, with a 21.59% increase overnight, marking a 2-day consecutive rise and a 35.51% increase over the past 2 days.

Advanced Micro Devices ranks 2nd, with a 2.36% overnight increase, marking a 3-day consecutive rise and a 4.58% increase over the past 3 days.

Microstrategy ranks 3rd, with an 8.96% overnight increase.

Notably, in terms of ranking changes among the top 20,

Waste Management's ranking rose by 256 spots to 17th place, with a 0.71% overnight increase.

Lithium's ranking rose by 192 spots to 14th place, with a 12.50% overnight increase, marking a 3-day consecutive rise and a 30.19% increase over the past 3 days.

TransMedics Group's ranking rose by 71 spots to 20th place, with a 0.85% overnight increase, marking a 3-day consecutive rise and a 6.39% increase over the past 3 days.

Among the top companies mentioned, Trump Media Technology stands out with 477 mentions and 3794 likes, followed by Advanced Micro Devices with 217 mentions and 891 likes, and Microstrategy with 192 mentions and 1544 likes.

WSB Hot Company News

Musk: Neuralink to Solve Most Brain Diseases, Costs Expected to Drop to $5000
"Most diseases or brain issues, I believe, can be solved through the Neuralink device, with costs expected to drop to around $5000, similar to laser eye surgery costs," stated Elon Musk, founder of Neuralink, at the 2024 Annual Congress of Neurological Surgeons (CNS 2024).

Nvidia Exec Says AI Will Soon Exhibit "Human Form"
A senior executive from Nvidia stated that the future of artificial intelligence will be a game-changer and believes AI will soon exhibit "human form." At the Global Management Dialogue event in Tokyo, Masataka Osaki, Nvidia's vice president of global field operations, made this bold prediction. He remarked, "Machines to the body are like AI to the brain." He also emphasized that if companies quickly integrate AI with machines to create new services, Japan could become a global leader in AI.

Meta Platforms Developing AI Search Engine
Reports indicate that Meta Platforms, under Zuckerberg, is developing an AI search engine.

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.