Cassava Sciences Among Top Winners Yet Again

Investors stay bullish about the company's future prospects.                                                                                                                                                                                                                                                                                                                                                                                                                 August 05, 2024 | [Read Online]( Cassava Sciences Among Top Winners Yet Again Investors stay bullish about the company's future prospects. [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20Elite%20Trade%20Club&body=Cassava%20Sciences%20Among%20Top%20Winners%20Yet%20Again%3A%20Investors%20stay%20bullish%20about%20the%20company%27s%20future%20prospects.%0A%0Ahttps%3A%2F%2Felitetrade.club%2Fp%2Fcassava-sciences-among-top-winners-yet) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 U.S. indexes slumped for another day as mass sell-offs occurred across the board. Fears continue to rise about an economic shutdown on the horizon. - DJIA [-2.6%] - S&P 500 [-3.0%] - Nasdaq [-3.4%] - Russell 2K [-3.6%] [Exclusive Early Access: Invest in the Next Media Powerhouse!]( Unlock the future of media with this rare Reg A+ opportunity! Invest early in a groundbreaking company poised to revolutionize the $786.2 billion digital marketing industry with advanced AI and predictive analytics. Don't miss your chance to be part of this media evolution and secure your place in the next big success story. Act now and ride the wave of innovation and growth! [Get early access now and start your investment journey!]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 📈 Tech Giants Tumble: Nvidia and 'Magnificent Seven' Shed $520 Billion in Market Plunge 📉 Major Decline for Nvidia and Tech Giants On Monday, Nvidia (NVDA) shares experienced a sharp decline of 6%, contributing to a significant market downturn that saw the "Magnificent Seven" stocks lose approximately $520 billion in market capitalization. 🕒 Mid-Morning Market Status By 11:35 a.m. ET, these seven key stocks, which collectively constitute around 43% of the Nasdaq 100 (^NDX), faced their 10th largest market value drop in history. Alphabet (GOOGL, GOOG) and Meta (META) both saw declines exceeding 2%, while Tesla (TSLA) dropped over 3%. 📉 Real-Time Trading Figures Nvidia's real-time trading showed a decrease of 6.32%, bringing its price down to $100.49 by 2:29 PM EDT. Meanwhile, Amazon (AMZN) and Microsoft (MSFT) each fell by more than 3% and 2%, respectively. 📰 Impact of Individual News Stories Individual news stories also played a role in the slump of these tech giants. Apple (AAPL) saw a near 4% drop following Berkshire Hathaway's announcement that it had halved its stake in the company. 🚫 Delays in AI Chips and Their Consequences Nvidia's shares were particularly impacted, falling as much as 13% when the market opened. This drop was due to delays in releasing its next-generation AI chips. These delays could affect major clients such as Microsoft, Alphabet, and Meta. Gil Luria, a senior software analyst at D.A. Davidson, highlighted the critical timing for Nvidia to make sales to these companies. He noted that missing this opportunity could have a significant long-term impact on Nvidia's value. 📉 Broader Market Sell-Off Monday's decline followed a week of heavy sell-offs in the chip sector, with Nvidia's stock tumbling more than 5%. On Friday, Nvidia had closed down 1.8%, while Intel (INTC) plummeted over 26% after a poor second-quarter earnings report. The broader tech sector downturn pushed the Nasdaq Composite (^IXIC) into correction territory, defined by a 10% drop from its recent peak, following a disappointing July jobs report. Top Winners and Losers 🔥 Indonesia Energy [INDO] $3.67 (+60.96%) Indonesia Energy climbed today following the company’s discovery of oil in a new well. CervoMed [CRVO] $13.33 (+25.40%) CervoMed shares rose today as analysts paint a 230% upside in the next year. Cassava Sciences [SAVA] $30.58 (+20.51%) Cassava Sciences continues its upward momentum as investors await an August 8th to discuss company developments. Actinium Pharmaceuticals [ATNM] $2.48 (-59.81%) Actinium Pharmaceuticals faces regulatory uncertainty over its Iomab-B targeted radiotherapy. Greenlane Holdings [GNLN] $2.16 (-29.85%) Greenlane Holdings’ woes remain as the company continues to underperform. NiSun International [NISN] $8.31 (-27.80%) NiSun International still faces scrutiny after finally regaining compliance with NASDAQ requirements. That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback! Thanks for reading. I'll see you at the next open! Best Regards, — Adam G. Elite Trade Club Text ELITESTOCKS to 47121 or [click here]( to get our alerts on your mobile device, and never miss another fast-moving stock! P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [Sign Up for Mobile Alerts Now]( [Privacy Policy]( | [Advertiser Disclosure]( [tw]( [ig]( [yt]( [tk]( *Standard message/carrier rates may apply. Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. 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