Top 20 trades in US stocks by Sharesight users – May 2024
Welcome to the May 2024 edition of Sharesight’s monthly USA trading snapshot, where we look at Sharesight users’ top 20 trades in US stocks on the Nasdaq, NYSE and NYSE American market (AMEX) over the month.
In this snapshot, buy and sell trades are led by NVIDIA (NASDAQ: NVDA), which has had a share price rally in excess of US$460 billion, following the company’s most recent earnings report. The top trades were followed by Apple (NASDAQ: AAPL), which has seen its share price rise steadily over the month of May, despite weakening global demand for one of its flagship products.
Top 20 US stock trades May 2024
NVIDIA (NASDAQ: NVDA)
- NVIDIA reports soaring revenue and profits amid AI craze
- Share price rally exceeds US$460 billion following earnings report
- NVIDIA could soon pass Apple as world’s second-most valuable company
Apple (NASDAQ: AAPL)
- Apple reports weakening global demand, iPhone sales slump
- Warren Buffet sells off 13% stake in Apple ahead of US$110 billion share buyback
- Share price rises on news of rebounding iPhone sales in China
Tesla (NASDAQ: TSLA)
- Tesla shares drop ahead of shareholder vote on Elon Musk’s US$56 billion pay package
- Musk recruits xAI staff following US$6 billion capital raise
- Share price rises on electric Semi truck progress
Microsoft (NASDAQ: MSFT)
- Microsoft plans to invest US$1.7 billion in AI and cloud infrastructure in Indonesia
- Calls for Microsoft CEO to be fired over cyber security breach
- Microsoft reveals new AI-enabled PC to rival Apple’s MacBook Air
Amazon (NASDAQ: AMZN)
- Amazon sales rise on boost from AI and advertising
- Amazon’s AWS to invest an additional US$9 billion in Singapore cloud infrastructure
- Share price on watch after talks of large cloud investment in Italy
Meta (NASDAQ: FB)
- Meta share price drops after company reveals expensive AI plans
- Meta receives rare sell rating over AI spending and lack of alternate revenue streams
- Majority of analysts optimistic on Meta share price over the next 12 months
GameStop (NYSE: GME)
- Single meme causes GameStop share price to skyrocket 110%
- Short sellers lose US$2 billion in GameStock rally
- Share price plummets 30% over new share issue, declining quarterly sales
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Welcome to the August 2024 edition of Sharesight’s trading snapshot for global investors, where we look at the top trades by Sharesight users around the world.