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Microsoft and Nvidia Shine Amid Market Volatility; Snowflake Surges with 32% Gain

Market BriefThursday, Nov 21, 2024 11:23 pm ET
2min read
1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.54%, with the trading volume of 58.23B. NVIDIA reported strong Q3 2024 earnings with $35.1 billion revenue, surpassing expectations. The company's Q4 guidance was considered conservative despite its positive performance. Specifications for NVIDIA's upcoming RTX 5070 Ti card reveal performance enhancements.

2. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -16.16%, with the trading volume of 45.48B. Citron Research shorted MicroStrategy, claiming it has become a Bitcoin investment fund under Chairman Michael Saylor. The company plans extensive Bitcoin purchases and seeks to finance $42 billion over three years. MicroStrategy's market cap surpassed $100 billion, the largest Bitcoin holder among public companies.

3. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.70%, with the trading volume of 19.73B. Tesla's German operations face challenges; a refreshed Model Y with improved range is expected. WeRide launches autonomous sanitation vehicles in Singapore. A Chinese company’s battery installation in electric vehicles has quadrupled year-over-year.

4. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -2.22%, with the trading volume of 11.64B. Amazon may face an EU investigation next year for potentially favoring its own products in the e-commerce market, with possible fines of up to 10% of global turnover if found in violation. Amazon also launched its longest Black Friday sale, extending it to 12 days.

5. Alphabet (Nasdaq: GOOGL)
Alphabet dropped solidly by -4.75%, with the trading volume of 9.93B. OpenAI plans to launch its own web browser, potentially integrating ChatGPT, posing a challenge to Google as the DOJ seeks to force Google to divest its Chrome browser and Android system amid antitrust scrutiny.

6. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.21%, with the trading volume of 9.36B. Apple is reportedly revamping Siri with advanced AI technology, planning a 2026 launch. They're also exploring a new growth area by evaluating the development of an Apple-branded TV to expand their smart home ecosystem. Additionally, Apple faces a lawsuit from the U.S. Justice Department regarding the App Store.

7. Snowflake (NYSE: SNOW)
Snowflake surged by 32.71%, with the trading volume of 9.28B. Snowflake announced Q3 2025 revenue of $9.42 billion, a 28.3% increase, exceeding expectations. Analysts at Mizuho, Jefferies, and Rosenblatt maintain bullish ratings with target prices of $195 and $180 respectively, driven by promising sales forecasts of new products.

8. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.63%, with the trading volume of 8.51B. Red Hat announced that the Red Hat Enterprise Linux distribution will be integrated into Microsoft's Windows Subsystem for Linux to enhance development efficiency. Microsoft plans to deploy 15,000 kilometers of hollow fiber over 24 months as revealed at Ignite 2024.

9. Coinbase Global (Nasdaq: COIN)
Coinbase Global plunged by -7.74%, with the trading volume of 7.64B. Coinbase is expanding its digital payments business with more acquisitions to generate additional revenue, as stated by Vice President of Business Development Shan Aggarwal. The company also reported insider transactions, including Brian Armstrong selling 102,400 shares.

10. Alphabet (Nasdaq: GOOG)
Alphabet dropped solidly by -4.56%, with the trading volume of 6.46B. OpenAI plans to launch a browser integrating ChatGPT, challenging Google's dominant Chrome. The US Department of Justice demands Google divest its Chrome and Android operations amid antitrust scrutiny. This creates an opportunity for OpenAI's new browser.
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Qwazarius
11/22
Nvidia's upcoming RTX 5070 Ti sounds juicy with performance upgrades, but let's see if it's worth the hype. Meanwhile, $TSLA struggling with production issues in Germany is a bummer for Tesla fans. Holding my $NVDA for the long haul seems wise, given the strong guidance.
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CurlyDarkrai
11/22
MicroStrategy getting roasted by Citron. Saylor's Bitcoin gamble risky, yo.
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Dosimetry4Ever
11/22
OpenAI's browser vs Google, epic AI battle incoming.
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Mojojojo3030
11/22
MicroStrategy getting shorted again, Saylor playing with fire.
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infinitycurvature
11/22
Snowflake's 32% jump is lit. analysts still hyped. Bullish ratings ahead
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zarrasvand
11/22
Snowflake's numbers are fire, I'm all in. 📈
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Local-Store-491
11/22
$NVDA riding high! RTX 5070 Ti is next-level tech, bullish vibes. 🚀
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superbilliam
11/22
Tesla's German struggles 😅, hope that refreshed Model Y saves them.
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sniperadjust
11/22
Nvidia earnings pop, but RTX hype is real, guys.
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Assistantothe
11/22
Tesla's Model Y upgrade could be game changer. Germany struggles, but innovation key.
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BennyBiscuits_
11/22
Apple's revamping Siri, but Siri 2.0 better be lit.
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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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