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During the August stock market crash, hedge funds and individual investors heavily bought into technology giants for bargain prices.
As the stock market rebounds, investors are buying back large technology stocks.
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On August 16th, the top 20 trading volume in the US stock market: tesla's Cybertruck is the best-selling model in the USA with sales over $0.1 million.
On Friday, Nvidia topped the list of US stock trading volume, rising 1.40% with a volume of $36.933 billion. Nvidia rose every day of this trading week and has accumulated a 18.93% increase. In the past seven trading days, it has risen for six days, with a total increase of about 26% within a week. Eric Schmidt, former CEO of Google, pointed out in a lecture at Stanford University that large tech companies are planning to invest heavily in Nvidia, especially in the construction of AI data centers, with expected costs as high as $300 billion. Schmidt said, "I'm talking to large companies and they tell me that they urgently need..."
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NVIDIA Options Spot-On: On August 16th, 4.98 Million Contracts Were Traded, With 29.84 Million Open Interest