Explosive Gains: Palantir Surges on AI Demand as Nvidia Tops Market Cap!
Tuesday, Nov 5, 2024 5:31 pm ET
1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.84%, with the trading volume of 22.15B. Nvidia reclaimed the top spot in global market capitalization, surpassing Apple. Additionally, it plans to launch its first high-end consumer CPU based on Arm architecture, targeting the high-end PC market in September 2025.
2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.54%, with the trading volume of 16.65B. Tesla increases wages at Germany's Grünheide Gigafactory despite rejecting a collective agreement. Elon Musk clarified that Tesla is not planning to make phones but could potentially develop an alternative due to its Linux-based OS. Tesla began Cybertruck deliveries in Canada.
3. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 23.52%, with the trading volume of 10.38B. Palantir Technologies Inc. reported third quarter fiscal 2024 results with revenue of $7.26 billion, exceeding expectations due to strong US demand for AI software. The company raised its full-year revenue forecast and recorded a net income of $1.44 billion.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.73%, with the trading volume of 7.24B. Microsoft's new ventures include strengthening its Xbox support with an AI virtual agent, raising Microsoft 365 subscription prices in select regions, releasing PowerToys 0.86 for Windows, upgrading Teams' participant capacity, and renting CoreWeave's servers for AI infrastructure growth.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.65%, with the trading volume of 6.22B. Apple is engaging with Foxconn to produce AI servers in Taiwan, with plans for relatively small quantities. The company is also facing its first fine under the EU Digital Market Act for not allowing app developers to direct users to cheaper deals outside the App Store.
6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.90%, with the trading volume of 6.01B. Amazon CEO Andy Jassy denied office return plans are for layoffs. AWS launched a Generative AI Partner Innovation Alliance. Internal insider trades disclosed on November 5. Amid regulatory hurdles, Amazon remains committed to a nuclear power partnership in Pennsylvania.
7. Trump Media & Technology Grouprp. (Nasdaq: DJT)
Trump Media & Technology Grouprp. dipped mildly by -1.17%, with the trading volume of 5.70B. Trump Media Technology's trading volume on November 5, 2024, reached $5.555 billion, marking significant activity in the U.S. stock market.
8. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 2.10%, with the trading volume of 5.55B. Meta faces a $15.67 million fine from South Korea for illegally collecting user data for advertising without legal consent. Environmental regulations have also halted Meta's data center projects. Meanwhile, Meta AI and GelSight launched the Digit 360 tactile sensor.
9. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained mildly by 2.16%, with the trading volume of 4.11B. Barclays maintains an overweight rating on Microstrategy, setting a new price target of $275.00. The company reported Q3 2024 revenue of $343 million as of September 30, 2024.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.68%, with the trading volume of 3.82B. AMD and Fujitsu have agreed on a strategic partnership to develop an AI/HPC platform. AMD showcased end-to-end AI solutions at the 2024 China International Import Expo. AMD plans to release its next-generation RDNA 4 graphics cards early next year.
Nvidia gained mildly by 2.84%, with the trading volume of 22.15B. Nvidia reclaimed the top spot in global market capitalization, surpassing Apple. Additionally, it plans to launch its first high-end consumer CPU based on Arm architecture, targeting the high-end PC market in September 2025.
2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.54%, with the trading volume of 16.65B. Tesla increases wages at Germany's Grünheide Gigafactory despite rejecting a collective agreement. Elon Musk clarified that Tesla is not planning to make phones but could potentially develop an alternative due to its Linux-based OS. Tesla began Cybertruck deliveries in Canada.
3. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 23.52%, with the trading volume of 10.38B. Palantir Technologies Inc. reported third quarter fiscal 2024 results with revenue of $7.26 billion, exceeding expectations due to strong US demand for AI software. The company raised its full-year revenue forecast and recorded a net income of $1.44 billion.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.73%, with the trading volume of 7.24B. Microsoft's new ventures include strengthening its Xbox support with an AI virtual agent, raising Microsoft 365 subscription prices in select regions, releasing PowerToys 0.86 for Windows, upgrading Teams' participant capacity, and renting CoreWeave's servers for AI infrastructure growth.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.65%, with the trading volume of 6.22B. Apple is engaging with Foxconn to produce AI servers in Taiwan, with plans for relatively small quantities. The company is also facing its first fine under the EU Digital Market Act for not allowing app developers to direct users to cheaper deals outside the App Store.
6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.90%, with the trading volume of 6.01B. Amazon CEO Andy Jassy denied office return plans are for layoffs. AWS launched a Generative AI Partner Innovation Alliance. Internal insider trades disclosed on November 5. Amid regulatory hurdles, Amazon remains committed to a nuclear power partnership in Pennsylvania.
7. Trump Media & Technology Grouprp. (Nasdaq: DJT)
Trump Media & Technology Grouprp. dipped mildly by -1.17%, with the trading volume of 5.70B. Trump Media Technology's trading volume on November 5, 2024, reached $5.555 billion, marking significant activity in the U.S. stock market.
8. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 2.10%, with the trading volume of 5.55B. Meta faces a $15.67 million fine from South Korea for illegally collecting user data for advertising without legal consent. Environmental regulations have also halted Meta's data center projects. Meanwhile, Meta AI and GelSight launched the Digit 360 tactile sensor.
9. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained mildly by 2.16%, with the trading volume of 4.11B. Barclays maintains an overweight rating on Microstrategy, setting a new price target of $275.00. The company reported Q3 2024 revenue of $343 million as of September 30, 2024.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.68%, with the trading volume of 3.82B. AMD and Fujitsu have agreed on a strategic partnership to develop an AI/HPC platform. AMD showcased end-to-end AI solutions at the 2024 China International Import Expo. AMD plans to release its next-generation RDNA 4 graphics cards early next year.