Netflix and Microstrategy Skyrocket with Soaring Trading Volumes and Major Gains!

Generated by AI AgentAinvest Market Brief
Friday, Oct 18, 2024 6:31 pm ET2min read
NVDA--
1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.78%, with the trading volume of 24.22B. Nvidia's 2024 interim report revealed $560.84 billion in revenue and $314.80 billion in net profit. B of A Securities maintained a buy rating for Nvidia, adjusting their price target to $190.00. Nvidia's GB200 series is expected to generate significant revenue in Q4.

2. Netflix (Nasdaq: NFLX)
Netflix surged by 11.09%, with the trading volume of 12.03B. Netflix's Q3 revenue reached $98.25 billion, up 15% year-over-year, with net profit rising 41%. Evercore, BMO Capital, and Pivotal Research maintained high ratings, setting price targets between $775 and $925. Wells Fargo and Needham also revised targets to $797 and $800 respectively.

3. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.09%, with the trading volume of 10.91B. Tesla's Full Self-Driving (FSD) faces a U.S. NHTSA investigation following fatal incidents involving four Tesla vehicles.

4. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.23%, with the trading volume of 10.90B. Apple's iPhone 16 sales in China surged 20% in the first three weeks compared to its predecessor, marking a potential market rebound. Additionally, Apple confirmed the Hear Springs app met launch standards. Reports also emerged of Apple's past secret collaboration with BYD on long-range batteries.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.35%, with the trading volume of 7.14B. Microsoft collaborates with OpenAI to hire investment banks for the transition to a for-profit entity, aiming to resolve equity distribution and governance issues. Piper Sandler maintains an overweight rating on Microsoft, with a price target of $470.00.

6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.78%, with the trading volume of 7.06B. Amazon has opened its first non-US re:Cycle data center reverse logistics site in Dublin, Ireland, to promote resource recycling. Additionally, Amazon has embraced Passkey, with over 175 million users enabling the feature, and plans further expansion.

7. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 11.60%, with the trading volume of 4.79B. Benchmark maintains a Buy rating on Microstrategy and raises the price target to $245.00.

8. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.08%, with the trading volume of 4.44B. Meta collaborates with Blumhouse Productions on AI film models. TD Cowen reaffirms Meta's Buy rating, setting price target at $675.00. Mizuho maintains Outperform rating for Meta, targeting $650.00. Meta discloses insider transaction by executive Jennifer Newstead. Employees dismissed for coupon misuse.

9. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited dipped mildly by -2.45%, with the trading volume of 4.24B. TSMC reported Q3 2024 earnings surpassing guidance with strong AI demand; 3nm revenue accounted for 20%. Needham maintains its "Buy" rating, raising the target price to $225. TSMC plans to start construction on Kumamoto second plant, operational by 2027.

10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -0.18%, with the trading volume of 3.72B. AMD announced the release of a new graphics card, aiming to challenge NVIDIA.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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