Major Stock Moves: Apple, Nvidia, Amazon, and More in High-Volume Trading

Generated by AI AgentAinvest Market Brief
Friday, Sep 20, 2024 6:31 pm ET2min read
AAPL--
1. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.29%, with the trading volume of 72.88B. Apple Inc. launched the iPhone 16 series on September 20. Despite strong demand, some models underperformed expectations with resellers only interested in the Pro Max version. Online orders were fulfilled faster than in-store pickups, including at Tmall's Apple flagship store.

2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.59%, with the trading volume of 44.11B. NVIDIA reportedly stopped accepting H20 chip orders since last month without formal notification. Additionally, NVIDIA is collaborating with Abu Dhabi-based AI company G42 to establish a climate technology lab to enhance global weather forecasting accuracy using NVIDIA’s Earth-2 platform.

3. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.78%, with the trading volume of 23.98B. Microsoft introduces an extension performance detector for its Edge browser and announces a collaboration with Quantinuum showcasing reliable quantum computing with AI. Additionally, Microsoft partners with BlackRock to launch a $300 billion AI investment fund and unveils a new unified Windows App for remote access.

4. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -2.33%, with the trading volume of 23.82B. Xpeng Motors collaborates with NVIDIA on generative AI for autonomous driving. Tesla's Vice President Tao Lin discusses the company's growth in China with CCPIT Vice President Zhang Shaogang. Tesla's Q3 deliveries may reach 461,000 units, potentially setting a new record.

5. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.91%, with the trading volume of 19.14B. Evercore ISI Group maintains Amazon.com with an Outperform rating and a target of $240.00. Amazon introduces AI assistant Amelia to aid third-party sellers with account, sales, and inventory management. RFID checkout-free stores report a 112% sales increase over traditional stores.

6. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained mildly by 1.02%, with the trading volume of 16.68B. Palantir Technologies disclosed two insider transactions on September 18, 2024. Director Stat Lauren Elaina Friedman sold 5,300 shares on September 16, 2024.

7. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 2.20%, with the trading volume of 15.59B. Broadcom reported $37.52 billion in revenue and $1.57 billion in net profit for Q3 2024. Director Tan Hock E sold 50,000 shares on September 17. William Blair initiated coverage with an outperform rating.

8. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.40%, with the trading volume of 12.29B. Meta's Quest 3S headset priced at 439,000 KRW might be released soon. Meta and EssilorLuxottica expand partnership for smart eyewear development. New analytical tools for Quest developers introduced. Mark Zuckerberg emphasizes Meta's differing style from Apple. Meta faces potential EU antitrust fines.

9. Eli Lilly Andmpany (NYSE: LLY)
Eli Lilly Andmpany gained mildly by 0.73%, with the trading volume of 9.14B. Eli Lilly is urging users of its generic weight-loss drug to share medical records, a move possibly aimed at combating competitors selling compounded versions. The company has also received approval for Ebglyss in the US, expanding its product portfolio.

10. Dell Technologies (NYSE: DELL)
Dell Technologies dipped mildly by -0.21%, with the trading volume of 8.85B. Dell Technologies simplifies IT deployment and enhances resilience through its infrastructure solutions. On September 18, Dell disclosed eight insider transactions, including a sale of 1.4076 million shares by major shareholder Dell Michael S on September 17, 2024.

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