Record Volumes: Nvidia Surges in AI Domination, Outshines Market Giants!

Generado por agente de IAAinvest Market Brief
lunes, 21 de octubre de 2024, 6:31 pm ET2 min de lectura
AAPL--
NVDA--
1. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.14%, with the trading volume of 36.97B. NVIDIA reached a record market cap of $3.5 trillion, nearing Apple's valuation. The company saw a significant increase in GB200 chip orders from Microsoft, solidifying its leadership in AI and deep learning.

2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.84%, with the trading volume of 10.28B. Jefferies maintains a Hold rating on Tesla and raises its price target to $195. Tesla to report its third-quarter financial results on October 23, 2024. Pennsylvania's governor urges investigation into Elon Musk's controversial political raffle.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.63%, with the trading volume of 8.28B. Apple's iPhone 16 saw a 20% sales increase three weeks before launch but faced price cuts a month after release. The upcoming iPhone 17 Air is expected to be Apple's most expensive model. Apple achieved over 10 billion in sales within five minutes of the Double 11 event.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.15%, with the trading volume of 5.55B. Sequoia Financial Advisors LLC increased holdings in Apple, Nvidia, Meta, reduced Alphabet A, and opened positions in Lumen Technologies. Microsoft will let customers build AI agents starting next month, signed a five-year AI agreement with the UK government, and faces compatibility issues with some Asus devices for Windows 11 updates.

5. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.23%, with the trading volume of 4.65B. Meta introduces AI-driven chat memory feature for WhatsApp, enhancing personalized recommendations. Additionally, Meta proposes a thumb-based machine learning AR/VR micro-gesture system, STMG, and releases a system update for Meta Quest headsets, boosting GPU performance by 10% for Q3/3S models.

6. Netflix (Nasdaq: NFLX)
Netflix gained mildly by 1.07%, with the trading volume of 4.63B. Netflix reported better-than-expected Q3 earnings with revenue of $28.754 billion, up 15.52% year-on-year. Despite strong fundamentals, Citi remains neutral on the stock. Wedbush, Evercore ISI Group, and Benchmark provided varying ratings with target prices of $800, $775, and $555 respectively.

7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.04%, with the trading volume of 4.62B. Amazon signed three nuclear reactor development agreements to address growing data center energy needs, joining Google and Microsoft in the nuclear energy sector.

8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 1.24%, with the trading volume of 4.00B. AMD's Ryzen 7 9800X3D price leaked at $484. Meanwhile, AMD collaborates with Intel to enhance x86 software and hardware compatibility.

9. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained mildly by 1.48%, with the trading volume of 3.86B. BTIG and Benchmark maintain buy ratings on Microstrategy, with price targets of $240 and $245 respectively. Microstrategy reported $227 million in revenue for the period ending June 30, 2024, a 6.45% year-over-year decrease.

10. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 0.41%, with the trading volume of 3.13B. Honeywell and Google have reached an agreement to introduce Gemini into the industrial sector.

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