Market Movers: Tesla and Broadcom Lead the Charge with Record Trading Volumes
Monday, Dec 16, 2024 5:31 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla surged by 6.14%, with the trading volume of 50.32B. Tesla's market value is nearing $2 trillion after Wall Street analysts significantly raised its target price. Wedbush analyst Dan Ives increased Tesla's target from $400 to $515. Additionally, Tesla launched a magnetic levitation Cybertruck model.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.68%, with the trading volume of 30.80B. NVIDIA's upcoming Thor chip has a delayed mass production timeline, affecting adoption by Chinese automaker XPeng, which is considering using its own "Turing" self-developed intelligent driving chip instead.
3. Broadcom (Nasdaq: AVGO)
Broadcom surged by 11.21%, with the trading volume of 26.91B. Broadcom's market capitalization surpassed $1 trillion, making it the third semiconductor company to do so after Nvidia and TSMC. The rise is attributed to better-than-expected earnings, AI chip demand, and elevated price targets by Wall Street firms.
4. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -0.04%, with the trading volume of 13.05B. Microstrategy reported a trading volume of $12.808 billion on December 16, 2024, marking it as the fourth highest in the US stock market on that day.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.17%, with the trading volume of 12.90B. Apple is developing foldable devices, including iPhones and possibly MacBooks, with recent patent applications hinting at triple and even quadruple folding technology. Additionally, Apple plans to mass-produce its first AI chip, Baltra, with Broadcom by 2026.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.97%, with the trading volume of 10.44B. Microsoft partnered with XtalPi to drive innovation in life sciences through AI and robotics, won AI application award with Kingdee and AMD, and plans to shift Xbox's strategy away from exclusive games. Microsoft and Google may become global gatekeepers for AI chip distribution.
7. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -0.42%, with the trading volume of 9.29B. Palantir and Microstrategy have been added to the Nasdaq 100 Index, while Advanced Micro Devices has been removed.
8. Alphabet (Nasdaq: GOOGL)
Alphabet gained solidly by 3.60%, with the trading volume of 8.72B. Google introduces new video model VEO 2 and unveils the latest version of IMAGEN 3. The UK implements cybersecurity regulations affecting Google and other tech firms. Google and Samsung launch an XR headset challenging Apple and Meta. Google reveals groundbreaking quantum chip Willow.
9. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.40%, with the trading volume of 8.66B. Jefferies maintains a buy rating on Amazon with a target price of $275.00. Amazon reported Q3 revenue of $450.167 billion, up 11.2% YoY. Amazon Web Services aids companies in utilizing popular open models, and its technology supports LG AI Research in cancer diagnosis speed.
10. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.63%, with the trading volume of 6.78B. Mark Zuckerberg sold over $2.2 billion in Meta stock in 2024, a record high for the CEO, with $153.2 million sold in December alone. Meta launched the Meta Motivo AI model for digital agents.
Tesla surged by 6.14%, with the trading volume of 50.32B. Tesla's market value is nearing $2 trillion after Wall Street analysts significantly raised its target price. Wedbush analyst Dan Ives increased Tesla's target from $400 to $515. Additionally, Tesla launched a magnetic levitation Cybertruck model.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.68%, with the trading volume of 30.80B. NVIDIA's upcoming Thor chip has a delayed mass production timeline, affecting adoption by Chinese automaker XPeng, which is considering using its own "Turing" self-developed intelligent driving chip instead.
3. Broadcom (Nasdaq: AVGO)
Broadcom surged by 11.21%, with the trading volume of 26.91B. Broadcom's market capitalization surpassed $1 trillion, making it the third semiconductor company to do so after Nvidia and TSMC. The rise is attributed to better-than-expected earnings, AI chip demand, and elevated price targets by Wall Street firms.
4. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -0.04%, with the trading volume of 13.05B. Microstrategy reported a trading volume of $12.808 billion on December 16, 2024, marking it as the fourth highest in the US stock market on that day.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.17%, with the trading volume of 12.90B. Apple is developing foldable devices, including iPhones and possibly MacBooks, with recent patent applications hinting at triple and even quadruple folding technology. Additionally, Apple plans to mass-produce its first AI chip, Baltra, with Broadcom by 2026.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.97%, with the trading volume of 10.44B. Microsoft partnered with XtalPi to drive innovation in life sciences through AI and robotics, won AI application award with Kingdee and AMD, and plans to shift Xbox's strategy away from exclusive games. Microsoft and Google may become global gatekeepers for AI chip distribution.
7. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -0.42%, with the trading volume of 9.29B. Palantir and Microstrategy have been added to the Nasdaq 100 Index, while Advanced Micro Devices has been removed.
8. Alphabet (Nasdaq: GOOGL)
Alphabet gained solidly by 3.60%, with the trading volume of 8.72B. Google introduces new video model VEO 2 and unveils the latest version of IMAGEN 3. The UK implements cybersecurity regulations affecting Google and other tech firms. Google and Samsung launch an XR headset challenging Apple and Meta. Google reveals groundbreaking quantum chip Willow.
9. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.40%, with the trading volume of 8.66B. Jefferies maintains a buy rating on Amazon with a target price of $275.00. Amazon reported Q3 revenue of $450.167 billion, up 11.2% YoY. Amazon Web Services aids companies in utilizing popular open models, and its technology supports LG AI Research in cancer diagnosis speed.
10. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.63%, with the trading volume of 6.78B. Mark Zuckerberg sold over $2.2 billion in Meta stock in 2024, a record high for the CEO, with $153.2 million sold in December alone. Meta launched the Meta Motivo AI model for digital agents.
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