Market Movers: Marvell Soars with 23% Gain and Strategic Amazon Partnership
Generated by AI AgentAinvest Market Brief
Wednesday, Dec 4, 2024 5:31 pm ET2min read
NVDA--
1. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.48%, with the trading volume of 32.95B. The European Union is investigating NVIDIA's $700 million acquisition of Run:ai and examining potential bundled sales of GPUs with software. NVIDIA's next-gen Rubin GPU will launch six months earlier, utilizing TSMC's 3nm process and HBM4. NVIDIA's software, including Blackwell, is integrated into Amazon Web Services.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.85%, with the trading volume of 17.36B. Tesla's domestic sales in November reach a new high, selling 73,000 units in a single month. Tesla's Model 3 achieves a dual five-star safety rating, surpassing traditional fuel vehicles in safety performance.
3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 8.72%, with the trading volume of 11.33B. Microstrategy reported a transaction volume of $107.85 billion on December 4, 2024, ranking third in the U.S. stock market that day.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.44%, with the trading volume of 11.29B. Microsoft warns Surface users to upgrade to Windows 11 and confirms a compatibility issue with Recall AI in the November update. Additionally, Microsoft is being sued by a UK company to halt retaliatory actions against Amazon and Google cloud services.
5. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.21%, with the trading volume of 10.60B. Amazon introduced the Nova AI model and is expanding its AWS offerings with NVIDIA software integration. It maintains a "buy" rating from Needham, with a target price of $250. Recent Black Friday sales broke records, significantly supported by third-party sellers.
6. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.15%, with the trading volume of 10.21B. Apple is facing challenges adjusting Baidu's AI model for iPhone users due to difficulties in interpreting prompts and responding to common scenarios. Tim Cook has suggested expanded AI functions by April 2025, enabling more languages and features.
7. Salesforce (NYSE: CRM)
Salesforce surged by 11.02%, with the trading volume of 8.90B. Salesforce reported FY2025 Q3 revenue of $279.02 billion, a 9.12% increase, and net profit growth of 66.88% year-over-year. Analysts maintain varying ratings with target prices between $300 and $440, highlighting strong AI integration and a positive outlook.
8. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.02%, with the trading volume of 8.01B. Meta CEO Mark Zuckerberg aims to play a "constructive role" in discussions on tech policies with the incoming Trump administration, indicating improved relations. Additionally, Meta is seeking nuclear energy development proposals to enhance its AI capabilities and achieve environmental goals, targeting up to 4 GW capacity in the early 2030s.
9. Marvell Technology (Nasdaq: MRVL)
Marvell Technology surged by 23.19%, with the trading volume of 6.90B. Marvell Technology's Q3 earnings exceeded expectations with a 7% sales increase and a $0.43 EPS. Marvell announced a five-year strategic partnership with Amazon AWS for data center chip supply, enhancing their AI infrastructure collaboration. Several analysts reaffirmed positive ratings, with target prices up to $127.
10. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -1.56%, with the trading volume of 5.96B. Palantir Technologies has received FedRAMP high authorization for two cloud-based services, a significant regulatory achievement. Additionally, the company disclosed three insider trading transactions, with executive Sankar Shyam selling 5.25 million shares on December 3, 2024.
Nvidia gained solidly by 3.48%, with the trading volume of 32.95B. The European Union is investigating NVIDIA's $700 million acquisition of Run:ai and examining potential bundled sales of GPUs with software. NVIDIA's next-gen Rubin GPU will launch six months earlier, utilizing TSMC's 3nm process and HBM4. NVIDIA's software, including Blackwell, is integrated into Amazon Web Services.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.85%, with the trading volume of 17.36B. Tesla's domestic sales in November reach a new high, selling 73,000 units in a single month. Tesla's Model 3 achieves a dual five-star safety rating, surpassing traditional fuel vehicles in safety performance.
3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 8.72%, with the trading volume of 11.33B. Microstrategy reported a transaction volume of $107.85 billion on December 4, 2024, ranking third in the U.S. stock market that day.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.44%, with the trading volume of 11.29B. Microsoft warns Surface users to upgrade to Windows 11 and confirms a compatibility issue with Recall AI in the November update. Additionally, Microsoft is being sued by a UK company to halt retaliatory actions against Amazon and Google cloud services.
5. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.21%, with the trading volume of 10.60B. Amazon introduced the Nova AI model and is expanding its AWS offerings with NVIDIA software integration. It maintains a "buy" rating from Needham, with a target price of $250. Recent Black Friday sales broke records, significantly supported by third-party sellers.
6. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.15%, with the trading volume of 10.21B. Apple is facing challenges adjusting Baidu's AI model for iPhone users due to difficulties in interpreting prompts and responding to common scenarios. Tim Cook has suggested expanded AI functions by April 2025, enabling more languages and features.
7. Salesforce (NYSE: CRM)
Salesforce surged by 11.02%, with the trading volume of 8.90B. Salesforce reported FY2025 Q3 revenue of $279.02 billion, a 9.12% increase, and net profit growth of 66.88% year-over-year. Analysts maintain varying ratings with target prices between $300 and $440, highlighting strong AI integration and a positive outlook.
8. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.02%, with the trading volume of 8.01B. Meta CEO Mark Zuckerberg aims to play a "constructive role" in discussions on tech policies with the incoming Trump administration, indicating improved relations. Additionally, Meta is seeking nuclear energy development proposals to enhance its AI capabilities and achieve environmental goals, targeting up to 4 GW capacity in the early 2030s.
9. Marvell Technology (Nasdaq: MRVL)
Marvell Technology surged by 23.19%, with the trading volume of 6.90B. Marvell Technology's Q3 earnings exceeded expectations with a 7% sales increase and a $0.43 EPS. Marvell announced a five-year strategic partnership with Amazon AWS for data center chip supply, enhancing their AI infrastructure collaboration. Several analysts reaffirmed positive ratings, with target prices up to $127.
10. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -1.56%, with the trading volume of 5.96B. Palantir Technologies has received FedRAMP high authorization for two cloud-based services, a significant regulatory achievement. Additionally, the company disclosed three insider trading transactions, with executive Sankar Shyam selling 5.25 million shares on December 3, 2024.
Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.
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