Market Shake-Up: Tesla and Microstrategy Lead High-Volume Declines!
Wednesday, Dec 18, 2024 11:23 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla plunged by -8.28%, with the trading volume of 66.65B. Tesla's Shanghai factory will begin producing a redesigned Model Y next month, with changes to interior, exterior, and battery capacity. Additionally, a commercial secret theft case against Tesla concluded with the involved individual sentenced to two years in prison.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.14%, with the trading volume of 35.18B. Microsoft has purchased 485,000 Nvidia AI chips this year, doubling Meta's order, highlighting its position as Nvidia Hopper's biggest customer. Additionally, Verizon and Nvidia announced a partnership to develop 5G private network solutions.
3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.14%, with the trading volume of 14.12B. Congo accuses Apple of using conflict minerals; France and Belgium investigate. Apple considers halting its iPhone subscription service due to purchase model challenges. EU pressures Apple to open iPhone functions to competitors, sparking privacy concerns. Apple's iPhone 17 Pro design criticized for its new camera layout.
4. Broadcom (Nasdaq: AVGO)
Broadcom plunged by -6.91%, with the trading volume of 11.86B. Broadcom reported two company insider transactions on December 18, 2024. Executive Spears Kirsten M. sold 96,700 shares on December 16, 2024. Broadcom's Q4 performance was mixed, with AI demand driving growth, expecting AI revenue to reach $12.2 billion in FY24.
5. Microsoft (Nasdaq: MSFT)
Microsoft dropped solidly by -3.76%, with the trading volume of 10.33B. Microsoft becomes the largest buyer of Nvidia's Hopper chips, purchasing 485,000 AI chips this year, double that of Meta. Additionally, Microsoft's anticipated gaming hardware efforts may include an Xbox game launch event in January and potential early release of "The Witcher 4" on XSS.
6. Meta Platforms (Nasdaq: META)
Meta Platforms dropped solidly by -3.59%, with the trading volume of 9.96B. Meta executive Olivan Javier sold 413 shares on December 16, 2024. JP Morgan maintains an "overweight" rating for Meta with a target of $725. Instagram is expected to account for half of Meta's US ad revenue. Meta fined €251M by Irish regulator for data leak.
7. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -4.60%, with the trading volume of 9.47B. Amazon faces labor tensions as unions approve strikes at multiple US facilities amid contract negotiations. Workers plan to strike during the busiest shopping season to protest Amazon's lack of engagement in talks.
8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -9.52%, with the trading volume of 8.82B. MicroStrategy co-founder Michael Saylor announced potential new purchasing plans if necessary and is open to joining an advisory board if invited, though he refused to comment on meeting with U.S. President-elect Trump.
9. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dropped solidly by -3.87%, with the trading volume of 8.07B. Palantir Technologies is collaborating with Cohere to deploy AI models and partnering with Red Cat Holdings to integrate its visual navigation and AI technology into Red Cat's military drones. Additionally, insider trading on December 16 revealed five transactions, including an executive buying shares.
10. Micron Technology (Nasdaq: MU)
Micron Technology dropped solidly by -4.33%, with the trading volume of 6.24B. Micron Technology Inc. reported first-quarter revenue of $8.71 billion and net income of $1.87 billion; issued a revenue warning due to weak PC and phone demand. The company projects second-quarter adjusted revenue between $7.7 billion and $8.1 billion.
Tesla plunged by -8.28%, with the trading volume of 66.65B. Tesla's Shanghai factory will begin producing a redesigned Model Y next month, with changes to interior, exterior, and battery capacity. Additionally, a commercial secret theft case against Tesla concluded with the involved individual sentenced to two years in prison.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.14%, with the trading volume of 35.18B. Microsoft has purchased 485,000 Nvidia AI chips this year, doubling Meta's order, highlighting its position as Nvidia Hopper's biggest customer. Additionally, Verizon and Nvidia announced a partnership to develop 5G private network solutions.
3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.14%, with the trading volume of 14.12B. Congo accuses Apple of using conflict minerals; France and Belgium investigate. Apple considers halting its iPhone subscription service due to purchase model challenges. EU pressures Apple to open iPhone functions to competitors, sparking privacy concerns. Apple's iPhone 17 Pro design criticized for its new camera layout.
4. Broadcom (Nasdaq: AVGO)
Broadcom plunged by -6.91%, with the trading volume of 11.86B. Broadcom reported two company insider transactions on December 18, 2024. Executive Spears Kirsten M. sold 96,700 shares on December 16, 2024. Broadcom's Q4 performance was mixed, with AI demand driving growth, expecting AI revenue to reach $12.2 billion in FY24.
5. Microsoft (Nasdaq: MSFT)
Microsoft dropped solidly by -3.76%, with the trading volume of 10.33B. Microsoft becomes the largest buyer of Nvidia's Hopper chips, purchasing 485,000 AI chips this year, double that of Meta. Additionally, Microsoft's anticipated gaming hardware efforts may include an Xbox game launch event in January and potential early release of "The Witcher 4" on XSS.
6. Meta Platforms (Nasdaq: META)
Meta Platforms dropped solidly by -3.59%, with the trading volume of 9.96B. Meta executive Olivan Javier sold 413 shares on December 16, 2024. JP Morgan maintains an "overweight" rating for Meta with a target of $725. Instagram is expected to account for half of Meta's US ad revenue. Meta fined €251M by Irish regulator for data leak.
7. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -4.60%, with the trading volume of 9.47B. Amazon faces labor tensions as unions approve strikes at multiple US facilities amid contract negotiations. Workers plan to strike during the busiest shopping season to protest Amazon's lack of engagement in talks.
8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -9.52%, with the trading volume of 8.82B. MicroStrategy co-founder Michael Saylor announced potential new purchasing plans if necessary and is open to joining an advisory board if invited, though he refused to comment on meeting with U.S. President-elect Trump.
9. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dropped solidly by -3.87%, with the trading volume of 8.07B. Palantir Technologies is collaborating with Cohere to deploy AI models and partnering with Red Cat Holdings to integrate its visual navigation and AI technology into Red Cat's military drones. Additionally, insider trading on December 16 revealed five transactions, including an executive buying shares.
10. Micron Technology (Nasdaq: MU)
Micron Technology dropped solidly by -4.33%, with the trading volume of 6.24B. Micron Technology Inc. reported first-quarter revenue of $8.71 billion and net income of $1.87 billion; issued a revenue warning due to weak PC and phone demand. The company projects second-quarter adjusted revenue between $7.7 billion and $8.1 billion.
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