High Trading Volumes Drive Market Shifts: Nvidia, Tesla, and Microstrategy Lead the Charge
Friday, Nov 22, 2024 5:31 pm ET
2min read 1. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -3.22%, with the trading volume of 33.56B. NVIDIA's Q3 revenue surged to $351 billion, driven significantly by data center revenue hitting record highs. NVIDIA technology powers most of the world's supercomputers. Meanwhile, Citigroup notes NVIDIA's strong performance boosts enterprise AI demand, benefiting companies like Dell Technologies.
2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.80%, with the trading volume of 30.99B. Didi Global announced organizational changes with CTO Zhang Bo stepping down to focus on autonomous driving, remaining as Didi's executive committee member and CEO of the autonomous driving company. Tesla's North American charging stations now support Nissan electric vehicles. CEO Elon Musk revealed pricing for Tesla's Optimus robot and Robotaxi at $20,000-$30,000.
3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 6.19%, with the trading volume of 23.65B. MicroStrategy has been shorted by Citron Research, citing its transformation into a Bitcoin investment fund under Michael Saylor's leadership. Despite BTIG maintaining a buy rating with a $570 target, the company's focus on Bitcoin investments is highlighted.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.00%, with the trading volume of 9.95B. Microsoft has identified a volume bug in Windows 11 impacting users with external USB DACs, closed the Windows 11 photo app's OCR feature due to discovered bugs, and extended its Azure data center supply partnership with Nokia by five years.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.59%, with the trading volume of 8.76B. Apple seeks to dismiss market monopoly claims in court amid accusations of app developer account bans. The EU dropped an antitrust investigation into Apple Books as the complaint was withdrawn. Meanwhile, UK regulators consider probing Apple's dominant position in mobile browsers.
6. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -1.71%, with the trading volume of 6.37B. Google faces potential UK antitrust investigation alongside Apple due to dominance in mobile browsers. Additionally, the US Department of Justice is demanding Google divest its Chrome browser, though experts question the feasibility of such measures. Google Pixel Tablet development may cease.
7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.64%, with the trading volume of 6.21B. Amazon launched its flagship store on JD, reflecting a shift to a "coopetition" model amid global e-commerce competition. It plans a $4 billion investment in Anthropic and may face an EU investigation over potential self-brand favoritism in its marketplace next year.
8. Super Micromputer (Nasdaq: SMCI)
Super Micromputer surged by 11.62%, with the trading volume of 5.21B. Super Micro Computer Inc. has submitted a compliance plan to Nasdaq. Analysts suggest that if approved, the company will have an extended deadline for submitting last fiscal year's audited financial report until February next year.
9. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.70%, with the trading volume of 5.11B. Meta has launched a legal counteraction against the US 337 investigation, seeking a non-infringement ruling. Additionally, on November 19, 2024, Meta executive Jennifer Newstead sold 905 shares.
10. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -1.58%, with the trading volume of 4.07B. Google may exit tablet market due to Pixel Tablet project changes. Google and Apple face UK antitrust investigation over mobile browser dominance. The US Department of Justice demands Google to divest Chrome and address search market dominance.
Nvidia dropped solidly by -3.22%, with the trading volume of 33.56B. NVIDIA's Q3 revenue surged to $351 billion, driven significantly by data center revenue hitting record highs. NVIDIA technology powers most of the world's supercomputers. Meanwhile, Citigroup notes NVIDIA's strong performance boosts enterprise AI demand, benefiting companies like Dell Technologies.
2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.80%, with the trading volume of 30.99B. Didi Global announced organizational changes with CTO Zhang Bo stepping down to focus on autonomous driving, remaining as Didi's executive committee member and CEO of the autonomous driving company. Tesla's North American charging stations now support Nissan electric vehicles. CEO Elon Musk revealed pricing for Tesla's Optimus robot and Robotaxi at $20,000-$30,000.
3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 6.19%, with the trading volume of 23.65B. MicroStrategy has been shorted by Citron Research, citing its transformation into a Bitcoin investment fund under Michael Saylor's leadership. Despite BTIG maintaining a buy rating with a $570 target, the company's focus on Bitcoin investments is highlighted.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.00%, with the trading volume of 9.95B. Microsoft has identified a volume bug in Windows 11 impacting users with external USB DACs, closed the Windows 11 photo app's OCR feature due to discovered bugs, and extended its Azure data center supply partnership with Nokia by five years.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.59%, with the trading volume of 8.76B. Apple seeks to dismiss market monopoly claims in court amid accusations of app developer account bans. The EU dropped an antitrust investigation into Apple Books as the complaint was withdrawn. Meanwhile, UK regulators consider probing Apple's dominant position in mobile browsers.
6. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -1.71%, with the trading volume of 6.37B. Google faces potential UK antitrust investigation alongside Apple due to dominance in mobile browsers. Additionally, the US Department of Justice is demanding Google divest its Chrome browser, though experts question the feasibility of such measures. Google Pixel Tablet development may cease.
7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.64%, with the trading volume of 6.21B. Amazon launched its flagship store on JD, reflecting a shift to a "coopetition" model amid global e-commerce competition. It plans a $4 billion investment in Anthropic and may face an EU investigation over potential self-brand favoritism in its marketplace next year.
8. Super Micromputer (Nasdaq: SMCI)
Super Micromputer surged by 11.62%, with the trading volume of 5.21B. Super Micro Computer Inc. has submitted a compliance plan to Nasdaq. Analysts suggest that if approved, the company will have an extended deadline for submitting last fiscal year's audited financial report until February next year.
9. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.70%, with the trading volume of 5.11B. Meta has launched a legal counteraction against the US 337 investigation, seeking a non-infringement ruling. Additionally, on November 19, 2024, Meta executive Jennifer Newstead sold 905 shares.
10. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -1.58%, with the trading volume of 4.07B. Google may exit tablet market due to Pixel Tablet project changes. Google and Apple face UK antitrust investigation over mobile browser dominance. The US Department of Justice demands Google to divest Chrome and address search market dominance.
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