Massive Trading Volumes Shake Tech Giants as CEOs Shuffle and Innovations Unveil
Wednesday, Dec 18, 2024 5:31 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla plunged by -7.89%, with the trading volume of 66.65B. Tesla CEO of China operations, Song Gang, will depart this week. As of Q3 2024, Tesla's revenue was $71.983 billion, with net profit at $4.821 billion. Baird maintains an outperform rating for Tesla, setting a price target of $480.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.34%, with the trading volume of 35.18B. NVIDIA and partners EQTY Lab and Intel introduced "verifiable computing" to protect trustworthy AI. Additionally, NVIDIA's RTX 5080, nearing RTX 4090 in performance, was revealed, and a pocket-sized supercomputer AI product showed a 70% increase in computing power.
3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -1.85%, with the trading volume of 14.12B. China Unicom is collaborating with Apple to develop a FaceTime scam detection system to combat iPhone fraud. The iPhone 17 series marks the first major redesign in six years. Apple plans to introduce an OLED MacBook as OLED laptop market penetration reaches 3%.
4. Broadcom (Nasdaq: AVGO)
Broadcom plunged by -6.62%, with the trading volume of 11.86B. Broadcom's Q4 performance was mixed, with AI demand driving growth. AI ASIC advancements are enhancing PCB demand, projecting high AI revenue growth through 2027. Broadcom aims to challenge Nvidia's AI chip dominance with its ASIC capabilities.
5. Microsoft (Nasdaq: MSFT)
Microsoft dropped solidly by -3.30%, with the trading volume of 10.33B. Microsoft's CEO Satya Nadella is supporting the "This is an Xbox" marketing campaign, redefined to include any video-capable device running Xbox games, while UBS maintains a buy rating with a $525 target price. Microsoft dominates AI chip purchases from NVIDIA, outperforming other tech giants.
6. Meta Platforms (Nasdaq: META)
Meta Platforms dropped solidly by -3.42%, with the trading volume of 9.96B. Meta introduces Apollo, an AI to enhance video understanding, collaborates with Stanford. Meta aims for Instagram to comprise half of its US ad revenue. The company experiences a 2.51 billion euro fine due to a data leak affecting 29 million accounts globally.
7. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -4.15%, with the trading volume of 9.47B. Amazon launches new generative AI technologies and expands AWS Marketplace to Colombia. Bernstein and JP Morgan maintain Amazon's ratings, setting target prices at $265.00 and $280.00 respectively. Return-to-office policy delayed due to limited office capacity.
8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -8.74%, with the trading volume of 8.82B. MicroStrategy co-founder Michael Saylor stated that the company will implement a new purchasing plan if needed. He declined to comment on a meeting with U.S. President-elect Trump but would consider serving on an advisory board if invited.
9. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dropped solidly by -3.70%, with the trading volume of 8.07B. Palantir Technologies disclosed five insider transactions on December 16, 2024. Additionally, the company is collaborating with Cohere to deploy its AI models and has partnered with Red Cat Holdings to integrate its technology into military drones.
10. Micron Technology (Nasdaq: MU)
Micron Technology dropped solidly by -3.94%, with the trading volume of 6.24B. Micron Technology projects Q2 adjusted revenue of $7.7 billion to $8.1 billion. Rosenblatt maintains a buy rating with a target price of $250, while Wedbush reiterates an outperform rating with a target of $140. 2024 annual report reveals revenue of $25.11 billion.
Tesla plunged by -7.89%, with the trading volume of 66.65B. Tesla CEO of China operations, Song Gang, will depart this week. As of Q3 2024, Tesla's revenue was $71.983 billion, with net profit at $4.821 billion. Baird maintains an outperform rating for Tesla, setting a price target of $480.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.34%, with the trading volume of 35.18B. NVIDIA and partners EQTY Lab and Intel introduced "verifiable computing" to protect trustworthy AI. Additionally, NVIDIA's RTX 5080, nearing RTX 4090 in performance, was revealed, and a pocket-sized supercomputer AI product showed a 70% increase in computing power.
3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -1.85%, with the trading volume of 14.12B. China Unicom is collaborating with Apple to develop a FaceTime scam detection system to combat iPhone fraud. The iPhone 17 series marks the first major redesign in six years. Apple plans to introduce an OLED MacBook as OLED laptop market penetration reaches 3%.
4. Broadcom (Nasdaq: AVGO)
Broadcom plunged by -6.62%, with the trading volume of 11.86B. Broadcom's Q4 performance was mixed, with AI demand driving growth. AI ASIC advancements are enhancing PCB demand, projecting high AI revenue growth through 2027. Broadcom aims to challenge Nvidia's AI chip dominance with its ASIC capabilities.
5. Microsoft (Nasdaq: MSFT)
Microsoft dropped solidly by -3.30%, with the trading volume of 10.33B. Microsoft's CEO Satya Nadella is supporting the "This is an Xbox" marketing campaign, redefined to include any video-capable device running Xbox games, while UBS maintains a buy rating with a $525 target price. Microsoft dominates AI chip purchases from NVIDIA, outperforming other tech giants.
6. Meta Platforms (Nasdaq: META)
Meta Platforms dropped solidly by -3.42%, with the trading volume of 9.96B. Meta introduces Apollo, an AI to enhance video understanding, collaborates with Stanford. Meta aims for Instagram to comprise half of its US ad revenue. The company experiences a 2.51 billion euro fine due to a data leak affecting 29 million accounts globally.
7. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -4.15%, with the trading volume of 9.47B. Amazon launches new generative AI technologies and expands AWS Marketplace to Colombia. Bernstein and JP Morgan maintain Amazon's ratings, setting target prices at $265.00 and $280.00 respectively. Return-to-office policy delayed due to limited office capacity.
8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -8.74%, with the trading volume of 8.82B. MicroStrategy co-founder Michael Saylor stated that the company will implement a new purchasing plan if needed. He declined to comment on a meeting with U.S. President-elect Trump but would consider serving on an advisory board if invited.
9. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dropped solidly by -3.70%, with the trading volume of 8.07B. Palantir Technologies disclosed five insider transactions on December 16, 2024. Additionally, the company is collaborating with Cohere to deploy its AI models and has partnered with Red Cat Holdings to integrate its technology into military drones.
10. Micron Technology (Nasdaq: MU)
Micron Technology dropped solidly by -3.94%, with the trading volume of 6.24B. Micron Technology projects Q2 adjusted revenue of $7.7 billion to $8.1 billion. Rosenblatt maintains a buy rating with a target price of $250, while Wedbush reiterates an outperform rating with a target of $140. 2024 annual report reveals revenue of $25.11 billion.
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