High-Volume Trading Highlights: Tesla, Nvidia, and Apple Lead the Pack
Generated by AI AgentAinvest Market Brief
Monday, Jul 15, 2024 6:31 pm ET2min read
TSLA--
1. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.78%, with the trading volume of 37.89B. Cantor Fitzgerald reiterated their Overweight rating on Tesla with a target price of $230. Tesla’s Q1 2024 revenue was $21.301 billion, down 8.69% YoY. Elon Musk's support for Trump has created optimism for Tesla, as investors await the Q2 earnings report and Robotaxi event update.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.62%, with the trading volume of 26.44B. Nvidia disclosed 21 insider transactions on July 15, 2024. Nvidia board member Stevens Mark A sold 156,000 shares on July 12. TD Cowen reaffirms a Buy rating for Nvidia with a new price target of $165.00. French regulators are investigating Nvidia for anti-competitive behavior.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.67%, with the trading volume of 14.58B. Morgan Stanley upgrades Apple's price target to $273, citing Apple Intelligence as a major catalyst for a record upgrade cycle in iPhone, iPad, and Mac. Apple introduces a new "Midnight" HomePod mini, available from July 17. Loop Capital also upgrades Apple to Buy, raising the target to $300.
4. Super Micromputer (Nasdaq: SMCI)
Super Micromputer dipped mildly by -1.35%, with the trading volume of 7.88B. Susquehanna maintained a negative rating on Super Micro Computer with a price target of $325.00. Super Micro Computer reported Q3 2024 earnings on May 6, with revenue of $9.635 billion and net profit of $855 million. Starting July 22, Super Micro Computer will replace Walgreens Boots Alliance in the Nasdaq-100 Index.
5. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -0.98%, with the trading volume of 7.64B. Citigroup maintains a Buy rating on Advanced Micro Devices (AMD) with a new target price of $210.00. AMD reported Q1 2024 revenue of $5.473 billion and net income of $123 million. During AMD's 2024 Tech Day, advancements in desktop processors and AI PC were highlighted.
6. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.91%, with the trading volume of 7.52B. Amazon (AMZN) disclosed insider Jeffrey P. Bezos sold 404,000 shares on July 11, 2024. Adobe predicts Amazon Prime Day, beginning July 16, may hit a record $7.1 billion in online sales. Amazon launched Rufus AI shopping assistant for U.S. customers.
7. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.09%, with the trading volume of 6.20B. Forza Horizon 5's player base surpasses 40 million. Google and Microsoft consumed 24 TWh each in 2023, more than 100 countries. Microsoft won't open-source the Linux and macOS versions of WebView2. Microsoft patents AR/VR tech for better MR display alignment.
8. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.54%, with the trading volume of 5.87B. Meta Platforms Inc. has lifted the restrictions on former U.S. President Donald Trump's account, aiming to ensure equal political expression for candidates ahead of the 2024 election. Additionally, Meta has developed System 2 distillation technology, achieving near 100% accuracy with its Llama 2 dialogue model.
9. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 0.80%, with the trading volume of 3.92B. Broadcom (AVGO) announced a stock split effective July 15, 2024, converting every 10 shares into 100 shares. Additionally, Director Tan Hock E sold 7,502 shares on July 11, 2024.
10. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 15.36%, with the trading volume of 3.85B. Please provide the content source for the news summary.
Tesla gained mildly by 1.78%, with the trading volume of 37.89B. Cantor Fitzgerald reiterated their Overweight rating on Tesla with a target price of $230. Tesla’s Q1 2024 revenue was $21.301 billion, down 8.69% YoY. Elon Musk's support for Trump has created optimism for Tesla, as investors await the Q2 earnings report and Robotaxi event update.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.62%, with the trading volume of 26.44B. Nvidia disclosed 21 insider transactions on July 15, 2024. Nvidia board member Stevens Mark A sold 156,000 shares on July 12. TD Cowen reaffirms a Buy rating for Nvidia with a new price target of $165.00. French regulators are investigating Nvidia for anti-competitive behavior.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.67%, with the trading volume of 14.58B. Morgan Stanley upgrades Apple's price target to $273, citing Apple Intelligence as a major catalyst for a record upgrade cycle in iPhone, iPad, and Mac. Apple introduces a new "Midnight" HomePod mini, available from July 17. Loop Capital also upgrades Apple to Buy, raising the target to $300.
4. Super Micromputer (Nasdaq: SMCI)
Super Micromputer dipped mildly by -1.35%, with the trading volume of 7.88B. Susquehanna maintained a negative rating on Super Micro Computer with a price target of $325.00. Super Micro Computer reported Q3 2024 earnings on May 6, with revenue of $9.635 billion and net profit of $855 million. Starting July 22, Super Micro Computer will replace Walgreens Boots Alliance in the Nasdaq-100 Index.
5. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -0.98%, with the trading volume of 7.64B. Citigroup maintains a Buy rating on Advanced Micro Devices (AMD) with a new target price of $210.00. AMD reported Q1 2024 revenue of $5.473 billion and net income of $123 million. During AMD's 2024 Tech Day, advancements in desktop processors and AI PC were highlighted.
6. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.91%, with the trading volume of 7.52B. Amazon (AMZN) disclosed insider Jeffrey P. Bezos sold 404,000 shares on July 11, 2024. Adobe predicts Amazon Prime Day, beginning July 16, may hit a record $7.1 billion in online sales. Amazon launched Rufus AI shopping assistant for U.S. customers.
7. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.09%, with the trading volume of 6.20B. Forza Horizon 5's player base surpasses 40 million. Google and Microsoft consumed 24 TWh each in 2023, more than 100 countries. Microsoft won't open-source the Linux and macOS versions of WebView2. Microsoft patents AR/VR tech for better MR display alignment.
8. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.54%, with the trading volume of 5.87B. Meta Platforms Inc. has lifted the restrictions on former U.S. President Donald Trump's account, aiming to ensure equal political expression for candidates ahead of the 2024 election. Additionally, Meta has developed System 2 distillation technology, achieving near 100% accuracy with its Llama 2 dialogue model.
9. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 0.80%, with the trading volume of 3.92B. Broadcom (AVGO) announced a stock split effective July 15, 2024, converting every 10 shares into 100 shares. Additionally, Director Tan Hock E sold 7,502 shares on July 11, 2024.
10. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 15.36%, with the trading volume of 3.85B. Please provide the content source for the news summary.
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