High Trading Winds: Nvidia, Tesla Down; Super Micro Upsurges with Volume Surges!

Generated by AI AgentAinvest Market Brief
Monday, Nov 25, 2024 5:31 pm ET2min read
1. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -4.18%, with the trading volume of 45.02B. NVIDIA reported record sales of $35.1 billion for its fiscal Q3 2025, a 17% QoQ and 94% YoY increase. However, its YoY growth rate did not double for the first time since fiscal Q1 2024. NVIDIA's future revenue is expected to surpass $120 billion annually.

2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.96%, with the trading volume of 33.03B. Tesla is excluded from California's proposed electric vehicle subsidy, while UBS maintained its sell rating with a target price of $226. Tesla announced a Model Y price cut in China until December 31. The company settled a lawsuit with Rivian over intellectual property theft.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.30%, with the trading volume of 20.89B. Apple's CEO Tim Cook visited China for the third time in 2024, emphasizing the importance of Chinese suppliers. Morgan Stanley reiterated an 'overweight' rating for Apple with a target price of $273. Meanwhile, Indonesia demands more investment to lift the iPhone 16 sales ban.

4. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dropped solidly by -4.37%, with the trading volume of 16.21B. MicroStrategy recently purchased approximately 55,500 bitcoins for $5.4 billion, increasing its holdings by 17%. The company disclosed five insider transactions, and Canaccord Genuity maintains a buy rating with a target price of $510.

5. Spotify Technology S.A. (NYSE: SPOT)
Spotify Technology S.A. gained mildly by 1.01%, with the trading volume of 13.30B. Spotify Technology's trading volume surged 901.18% to $10.95 billion on November 25, ranking fifth in the US stock market for that day.

6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.43%, with the trading volume of 11.34B. Microsoft announced a preview of Recall AI for Samsung Galaxy Book 4 Edge and Book 5 Pro 360 laptops, requiring users to join the Windows Insider development channel for updates. Additionally, a Call of Duty committee is being formed to plan the game's future direction.

7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.20%, with the trading volume of 8.11B. Amazon announced a $40 billion total investment in AI firm Anthropic, doubling its previous funds, as part of intensified global AI competition. Additionally, Amazon India plans to launch a new commerce delivery service by year-end or early next year.

8. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 1.07%, with the trading volume of 7.65B. Meta's Q3 revenue as of September 30, 2024, was $116.16 billion, up 22.5% year-over-year. Raymond James reaffirmed Meta's strong buy rating with a target price of $675 and included Meta in their popular stock list. Meta also announced Horizon Worlds in-app purchases.

9. Texas Pacific Land (NYSE: TPL)
Texas Pacific Land plunged by -6.76%, with the trading volume of 7.39B. On November 25, 2024, Texas Pacific Land disclosed an insider transaction, with Horizon Kinetics Asset Management LLC, a 10% shareholder, purchasing 3 shares on November 22, 2024.

10. Super Micromputer (Nasdaq: SMCI)
Super Micromputer surged by 15.87%, with the trading volume of 6.31B. Advanced Micro Devices saw its stock rise by over 8%, achieving its largest weekly gain since IPO after a cumulative 78% increase last week. Tesla reached a conditional settlement in a lawsuit accusing Rivian of employee poaching and trade secret theft. Intel announced an impending $8 billion subsidy from the US Commerce Department.

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