Alibabas Explosive Growth Shines Amid Market Volatility: Top Performers and Surprises

Generated by AI AgentAinvest Market Brief
Thursday, Feb 20, 2025 11:23 pm ET2min read
PLTR--
1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dropped solidly by -5.17%, with the trading volume of 24.66B. Loop Capital initiated coverage on Palantir with a buy rating and a target price of $141.00. The U.S. Defense Department plans an 8% budget cut, which may impact Palantir, as its CEO's stock sale plan adds to investor concerns. Palantir's 2024 revenue was $2.866 billion.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.63%, with the trading volume of 19.92B. NVIDIA launched a Signs AI platform to support American Sign Language learning and application. They also released the latest GeForce Game Ready 572.47 WHQL driver for the new GeForce RTX 5070 Ti graphics card.

3. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited surged by 8.09%, with the trading volume of 16.32B. Alibaba plans to invest more in AI over the next three years than it has in the past decade. Goldman Sachs projects Alibaba's earnings to exceed expectations, raising its price target by 37%. Alibaba's AI-related revenue has seen triple-digit growth for six consecutive quarters.

4. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.71%, with the trading volume of 16.16B. Tesla plans to enter the Indian market by shipping thousands of cars to a port near Mumbai, signaling its first entry into India. Tesla also announced humanoid robots entering small-scale production by 2025 and launched a Megapack-style mobile power bank overseas.

5. Super Micromputer (Nasdaq: SMCI)
Super Micromputer dipped mildly by -1.63%, with the trading volume of 10.63B. Super Micro Computer is set to submit its 2024 annual and September, December quarterly reports by February 25, boosting investor confidence. Management's commitment has revived growth narratives.

6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.53%, with the trading volume of 9.46B. Microsoft launched its Majorana 1, a quantum computing chip featuring a new topological core architecture, potentially accelerating quantum advancements. Also, Microsoft addressed a critical vulnerability in its Power Pages platform and expanded Xbox storage capabilities with an update. Moreover, Microsoft is preparing for OpenAI's new AI models GPT-4.5 and GPT-5.

7. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.27%, with the trading volume of 8.75B. Meta reduces employee stock options and shifts Mark Zuckerberg and Priscilla Chan's initiative funding to bio and AI sectors. Meta enhances influence in AI and robotics but remains undervalued despite development in wearable devices and language models.

8. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.39%, with the trading volume of 7.64B. Apple accelerates self-reliance, with C2 modem chip testing underway. CEO Tim Cook met with Trump amidst trade tensions. Apple's C1 modem receives attention as a starting point for proprietary technology. Apple opposes UK CMA's browser engine proposal, citing innovation concerns.

9. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -1.66%, with the trading volume of 6.65B. Amazon's quarterly sales have surpassed Walmart for the first time, reaching $187.8 billion compared to Walmart's $180.5 billion. Additionally, Amazon's AWS is collaborating with STMicroelectronics to develop a data center photonic chip for the AI market, and Amazon's eero launched new Wi-Fi 7 routers.

10. Walmart (NYSE: WMT)
Walmart plunged by -6.53%, with the trading volume of 5.39B. Walmart issued a weaker-than-expected earnings forecast for fiscal 2026, causing market concern over U.S. economic health. Despite exceeding Q4 expectations with $1806 billion in revenue, the disappointing forecast led to a significant decline in Walmart's stock value.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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