Explosive Trading Volumes: Nvidia and Microstrategy Steal the Spotlight
Wednesday, Nov 20, 2024 11:23 pm ET
2min read 1. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.76%, with the trading volume of 41.90B. Nvidia reported FY2025 Q3 revenue of $350.8 billion, a 94% increase, surpassing expectations. Despite strong AI demand, Q3 guidance disappointed investors. Nvidia is expanding Blackwell production, but demand exceeds supply. RTX 5090 pricing garnered attention, with rumors suggesting a starting price of at least $1900.
2. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 10.05%, with the trading volume of 33.22B. MicroStrategy's market cap exceeded $100 billion, increasing its convertible note offering by 50% to $2.6 billion amid accelerated Bitcoin purchases. The firm recently bought 51,780 Bitcoins for approximately $4.6 billion and disclosed insider trading by executive Montgomery Jeanine.
3. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.15%, with the trading volume of 22.37B. Guotou Intelligent has conveyed suggestions for connecting with Tesla China to its business department. Tesla introduced its Cybercab autonomous taxi in London, aiming for 2027 release, along with revealing a second-generation humanoid robot in Hubei, China.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.32%, with the trading volume of 8.00B. Apple's iPhone sales in China during the Singles' Day shopping festival decreased sharply due to strong competition from local brands' new flagship releases. Additionally, Apple is proposing a $100 million investment in Indonesia to lift the iPhone 16 sales ban.
5. Target (NYSE: TGT)
Target plunged by -21.97%, with the trading volume of 7.92B. Target's Q3 financial results fell short of expectations, leading to lowered full-year earnings guidance. The company cited flat quarterly sales and rising inventory as factors harming profitability. Citigroup downgraded Target's rating to neutral, setting a new price target of $130.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.55%, with the trading volume of 7.65B. Microsoft launched significant updates to its cloud and AI services at the Ignite conference and introduced over 50 gaming titles for Xbox Cloud Gaming. However, the release of Microsoft Flight Simulator 2024 faced challenges with server overload. Microsoft also achieved a major quantum computing breakthrough with 24 qubits entanglement.
7. Coinbase Global (Nasdaq: COIN)
Coinbase Global dipped mildly by -1.41%, with the trading volume of 7.19B. Coinbase Global reported 32 insider transactions on November 20, 2024, including significant sales by major shareholder Armstrong Brian. Recent transactions also involved sales by executives Haas Alesia J and Choi Emilie earlier in November.
8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.85%, with the trading volume of 6.57B. Amazon partners with Sheltered Harbor to enhance cybersecurity in the financial sector and has launched its largest smart screen, Echo Show 21. The company is also leading investments in solar and storage solutions alongside Meta and Google to advance clean energy applications.
9. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.79%, with the trading volume of 5.47B. Snap and Meta have launched new AR glasses, indicating a competitive market entry. Meta's WhatsApp faces a $25.4 million fine in India over data-sharing violations, and plans to appeal the decision. Meanwhile, Alibaba focuses on AI infrastructure and open-source collaboration.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -1.28%, with the trading volume of 3.89B. NVIDIA expects fourth-quarter revenue to exceed $370 billion. AMD plans to enter the mobile sector with Ryzen AI mobile SoC, competing with Qualcomm and MediaTek, and will transition its GPUs to a unified architecture post-RDNA4. Alibaba's dollar bond issue attracted $18 billion in demand.
Nvidia dipped mildly by -0.76%, with the trading volume of 41.90B. Nvidia reported FY2025 Q3 revenue of $350.8 billion, a 94% increase, surpassing expectations. Despite strong AI demand, Q3 guidance disappointed investors. Nvidia is expanding Blackwell production, but demand exceeds supply. RTX 5090 pricing garnered attention, with rumors suggesting a starting price of at least $1900.
2. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 10.05%, with the trading volume of 33.22B. MicroStrategy's market cap exceeded $100 billion, increasing its convertible note offering by 50% to $2.6 billion amid accelerated Bitcoin purchases. The firm recently bought 51,780 Bitcoins for approximately $4.6 billion and disclosed insider trading by executive Montgomery Jeanine.
3. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.15%, with the trading volume of 22.37B. Guotou Intelligent has conveyed suggestions for connecting with Tesla China to its business department. Tesla introduced its Cybercab autonomous taxi in London, aiming for 2027 release, along with revealing a second-generation humanoid robot in Hubei, China.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.32%, with the trading volume of 8.00B. Apple's iPhone sales in China during the Singles' Day shopping festival decreased sharply due to strong competition from local brands' new flagship releases. Additionally, Apple is proposing a $100 million investment in Indonesia to lift the iPhone 16 sales ban.
5. Target (NYSE: TGT)
Target plunged by -21.97%, with the trading volume of 7.92B. Target's Q3 financial results fell short of expectations, leading to lowered full-year earnings guidance. The company cited flat quarterly sales and rising inventory as factors harming profitability. Citigroup downgraded Target's rating to neutral, setting a new price target of $130.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.55%, with the trading volume of 7.65B. Microsoft launched significant updates to its cloud and AI services at the Ignite conference and introduced over 50 gaming titles for Xbox Cloud Gaming. However, the release of Microsoft Flight Simulator 2024 faced challenges with server overload. Microsoft also achieved a major quantum computing breakthrough with 24 qubits entanglement.
7. Coinbase Global (Nasdaq: COIN)
Coinbase Global dipped mildly by -1.41%, with the trading volume of 7.19B. Coinbase Global reported 32 insider transactions on November 20, 2024, including significant sales by major shareholder Armstrong Brian. Recent transactions also involved sales by executives Haas Alesia J and Choi Emilie earlier in November.
8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.85%, with the trading volume of 6.57B. Amazon partners with Sheltered Harbor to enhance cybersecurity in the financial sector and has launched its largest smart screen, Echo Show 21. The company is also leading investments in solar and storage solutions alongside Meta and Google to advance clean energy applications.
9. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.79%, with the trading volume of 5.47B. Snap and Meta have launched new AR glasses, indicating a competitive market entry. Meta's WhatsApp faces a $25.4 million fine in India over data-sharing violations, and plans to appeal the decision. Meanwhile, Alibaba focuses on AI infrastructure and open-source collaboration.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -1.28%, with the trading volume of 3.89B. NVIDIA expects fourth-quarter revenue to exceed $370 billion. AMD plans to enter the mobile sector with Ryzen AI mobile SoC, competing with Qualcomm and MediaTek, and will transition its GPUs to a unified architecture post-RDNA4. Alibaba's dollar bond issue attracted $18 billion in demand.
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