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High Stake Swings: Tesla Leads with Massive Volume, Microstrategy Soars by 8%

Market BriefFriday, Jan 17, 2025 5:31 pm ET
2min read
1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.06%, with the trading volume of 40.52B. Tesla introduces discounts on Cybertruck amid declining sales. Goldman Sachs projects a mixed Q4 earnings outlook, favoring General Motors while downplaying Tesla. Elon Musk clarifies that a California power station fire is unrelated to Tesla, with Megapack operating well.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.10%, with the trading volume of 27.39B. NVIDIA's CEO, Jensen Huang, confirmed having lunch with TSMC Chairman to discuss chip production. Barclays maintained an overweight rating with a target price of $175.00. NVIDIA invested in Taiwan-based startup MetAI, focusing on industrial digital twins, and shifts Blackwell chip packaging to CoWoS-L.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.75%, with the trading volume of 15.63B. Apple's iPhone sales declined 14%, but iPhone 16 Pro Max sales increased. The iPad 10 is the only tablet not supporting Apple Intelligence. Apple delayed the OLED MacBook Air release to 2027. iPhone SE 4 leaked images show a 6.1-inch full-screen design.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.05%, with the trading volume of 10.95B. The U.S. FTC has raised antitrust concerns over Microsoft's partnership with OpenAI. Cantor Fitzgerald rated Microsoft "Overweight," setting a target price of $509.00. Microsoft has launched the MatterGen AI model for materials design, discovering 277 new materials.

5. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.24%, with the trading volume of 10.40B. Meta Platforms plans to reduce approximately 5% of employees underperforming, according to internal memos from CEO Mark Zuckerberg. Additionally, Meta remains committed to significant investments in VR and AR technologies, having already spent billions on these initiatives.

6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.39%, with the trading volume of 9.48B. Amazon paused its drone delivery service after a crash in rain. The US Consumer Product Safety Commission ordered Amazon to address issues with defective products. A German court ruled Amazon's 2022 Prime price hike invalid. Amazon plans to lay off around 200 employees.

7. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 8.04%, with the trading volume of 9.46B. Microstrategy's January 17 trading volume reached $9.405 billion, marking a 76.14% increase from the previous day.

8. Broadcom (Nasdaq: AVGO)
Broadcom gained solidly by 3.50%, with the trading volume of 7.22B. Barclays maintains Broadcom's rating as overweight, raising the target price to $260. Broadcom reported annual revenue of $51.574 billion and net income of $5.895 billion for the fiscal year ending November 3, 2024.

9. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 1.60%, with the trading volume of 5.36B. Google refuses to comply with the EU's new fact-checking law, maintaining its current content management policy. Additionally, Google is collaborating with Mercedes-Benz on an AI-based navigation system and has deepened its partnership with Servier to accelerate AI-driven drug development.

10. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited dipped mildly by -1.52%, with the trading volume of 4.54B. Taiwan Semiconductor Manufacturing Co. reports 37% Q4 revenue growth, driven by AI demand. CEO Jensen Huang confirmed a meeting with TSMC's chairman to discuss future collaboration. TSMC will keep its most advanced manufacturing processes in Taiwan.
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