Market Movers: Nvidias Quantum Ambitions and Teslas Pricing Gambit Shake Up Trading Volumes

1. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.92%, with the trading volume of 28.22B. Nvidia CEO Jensen Huang visited Shenzhen for an annual meeting, distributing generous bonuses and highlighting the company's dedication. Nvidia also set March 20 as the first "Quantum Day" to enhance partnerships in quantum computing development. Their DLSS technology is leading in the GPU market.

2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.36%, with the trading volume of 28.02B. Tesla launches a new Model Y with prices between $26.35-$30.35 million. To reverse declining sales, Tesla is offering discounts on its Cybertruck models. Tesla is also reportedly pausing some production lines at its Shanghai factory for upgrades.

3. Apple (Nasdaq: AAPL)
Apple dropped solidly by -4.04%, with the trading volume of 16.47B. Apple Inc.'s iPhone sales in China have significantly declined by 25%, impacting the company's market performance. Additionally, Apple plans to introduce enhanced heat dissipation with the iPhone 17 and has revealed a patent for under-display Face ID, potentially featured in iPhone 18.

4. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited gained solidly by 4.09%, with the trading volume of 8.25B. Taiwan Semiconductor Manufacturing Company reported 2024 fourth-quarter revenue grew 38.8% year-over-year, driven by strong 3nm and 5nm demand and AI accelerators. Needham reaffirmed a "buy" rating with a target price of $225. Taiwan Semiconductor Manufacturing Company denied CoWoS order cut rumors with Nvidia.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.41%, with the trading volume of 6.50B. Microsoft announced a $3/month price increase for its Office suite for US consumers; removed a post on free Windows 11 upgrades; entered quantum computing; identified BitLocker issues; issued an update fixing Win10 installation loops; froze hiring in its consulting division, cutting the budget by 35%.

6. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -1.20%, with the trading volume of 5.47B. Amazon adjusts fees with lowered commissions and entry discounts on its European and American sites. It closely monitors Temu amid competition among domestic e-commerce giants.

7. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 0.62%, with the trading volume of 5.45B. Broadcom is considering a partnership with Samsung to address HBM memory certification challenges. Oppenheimer identifies Broadcom as one of the top AI chip stocks for 2025. Anexia has switched from VMware to open-source options due to a 500% increase in Broadcom's licensing fees.

8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained mildly by 1.69%, with the trading volume of 5.31B. Benchmark reiterated a buy rating for Microstrategy with a target price of $650, following the company's Q3 report with revenues of $343 million as of September 30, 2024.

9. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.94%, with the trading volume of 5.10B. Meta Platforms announced layoffs affecting approximately 3,600 underperforming employees. Additionally, due to an antitrust directive in India, Meta may suspend certain WhatsApp features, as it seeks to overturn a user data-sharing ban for advertising purposes.

10. Unitedhealth Group Incorporated (NYSE: UNH)
Unitedhealth Group Incorporated dropped solidly by -6.00%, with the trading volume of 4.69B. UnitedHealth Group reported Q4 revenue of $1008.07 billion, missing the expected $1017.3 billion, but adjusted EPS of $6.81 exceeded the anticipated $6.72. The FTC stated that UnitedHealth and others have significantly raised prices for certain medications since 2017.