High Stakes in Tech: Tesla Leads Trading Volume Surge with 51.48B

Generated by AI AgentAinvest Market Brief
Thursday, Dec 19, 2024 11:23 pm ET2min read
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1. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.90%, with the trading volume of 51.48B. Tesla is upgrading its in-car system with AMD chips for enhanced performance. The Shanghai factory director has departed, and Tesla is discussing autonomous driving tech in Austin. Plans include launching an affordable Robotaxi by 2025, with new autonomous fleet operations in Texas.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.37%, with the trading volume of 27.08B. Nvidia registered GeForce RTX 50 models with the EEC, spanning from RTX 5050 to RTX 5090 Ti Super, showing an expansion in their product line-up. Microsoft is Nvidia's top client, acquiring 485,000 Hopper chips, significantly impacting Nvidia's revenue.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.70%, with the trading volume of 14.72B. Apple ranks as the third-largest player in the global VR/MR headset market despite Vision Pro's sluggish sales; OpenAI expands ChatGPT functionality across more Apple desktop apps; New patents reveal MacBook may feature detachable cameras; Apple may reduce Vision Pro costs in two ways.

4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.08%, with the trading volume of 9.44B. Microsoft is set to host a new Xbox Developer Direct next month, while it has become Nvidia's largest customer this year, buying 485,000 Hopper chips. Microsoft is making significant improvements to Outlook for enhanced user experience and has released a major Bing Image Creator update.

5. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -6.63%, with the trading volume of 9.01B. MicroStrategy co-founder Michael Saylor announced potential new purchase plans if needed and did not comment on meeting with U.S. President-elect Trump; he would consider joining an advisory committee if invited.

6. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -2.37%, with the trading volume of 8.91B. Broadcom reported $51.6 billion revenue for fiscal 2024, up 44%; AI revenue soared 220% to $12.2 billion. Recent insider transactions involved executives You Harry L. and Spears Kirsten M., selling company shares in December 2024.

7. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.27%, with the trading volume of 8.29B. Meta collaborates with Jane Fonda on VR fitness and faces EU interoperability challenges with Apple. Meta's CTO criticizes competitive pressures in AR/VR, while they introduce an AI video watermark tool to combat deepfakes and develop the BLT model for byte-level processing.

8. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.26%, with the trading volume of 8.12B. Amazon has reached a settlement with the U.S. Occupational Safety and Health Administration (OSHA) over workplace safety issues, ending an investigation into the company's safety practices to better protect its employees from hazardous conditions.

9. Micron Technology (Nasdaq: MU)
Micron Technology plunged by -16.18%, with the trading volume of 7.86B. Micron Technology launched a leading 60TB data center SSD. Analysts revised their target prices for Micron Technology: Goldman Sachs to $128, JPMorgan to $145, and Rosenblatt maintained a "buy" rating at $250. Micron's Q1 revenue rose to $87.09 billion.

10. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained solidly by 3.78%, with the trading volume of 7.39B. Palantir reported Q3 2024 revenue of $20.38 billion, a 26.06% increase year-over-year. UBS initiated coverage on Palantir with a neutral rating and a target price of $80.00. Microsoft and ServiceNow continue to benefit from AI monetization.

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

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