Nvidia and Coinbase Drive Massive Trading Volumes Amidst Market Innovations

Generated by AI AgentAinvest Market Brief
Monday, Oct 14, 2024 6:31 pm ET2min read
NVDA--
1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.43%, with the trading volume of 31.87B. NVIDIA revealed its RTX 5090 with doubled performance without a price increase. CEO Jensen Huang envisions the company growing to 50,000 employees and deploying 100 million AI assistants. NVIDIA remains a prime investment target amid strong long-term AI demand, amid competition from AMD's new AI chip.

2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.62%, with the trading volume of 18.77B. Tesla's recent Robotaxi launch disappointed investors, causing skepticism about its two automated taxi models and plans to produce them by 2027 for under $30,000 each. Tesla also showcased remote-controlled Optimus robots at the event.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.65%, with the trading volume of 9.07B. Apple's Q3 smartphone shipments hit a record high. Additionally, reports suggest the cancellation of its autonomous vehicle testing permit in California and potential new smart home strategy. Apple also explores a four-folding phone patent amidst car project setbacks.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.68%, with the trading volume of 6.92B. Microsoft's senior AI researcher Bubeck will join OpenAI. The company has ended support for the first-generation Surface Laptop Go, released in 2020. Goldman Sachs lowered Microsoft's price target to $500, maintaining a "buy" rating after AI capital expenditure forecasts were announced.

5. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dropped solidly by -5.14%, with the trading volume of 6.74B. Barclays maintains an overweight rating on Microstrategy and raises the price target to $225.00.

6. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -1.56%, with the trading volume of 5.27B. AMD seeks collaboration with TSMC's new US plant and releases a 192-core, 384-thread processor. The new flagship graphics card RX 7650 Gre will not debut at CES 2025.

7. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.08%, with the trading volume of 4.87B. Meta's CTO Andrew Bosworth confirmed canceling the high-end Quest Pro 2 headset, with a focus now on developing a lightweight version. Stifel maintained a buy rating for Meta, raising the price target to $663.00.

8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.68%, with the trading volume of 4.24B. Amazon's recent focus on low-cost, white-label products raises concerns among sellers about competition with Temu, while maintaining significant market activity with $4.238 billion in trading volume on October 14, 2024.

9. Coinbase Global (Nasdaq: COIN)
Coinbase Global surged by 11.32%, with the trading volume of 3.43B. Coinbase Global reported a trading volume of $3.431 billion on October 14, 2024, marking an 82.44% increase from the previous trading day.

10. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 0.46%, with the trading volume of 3.12B. Mizuho maintains an outperform rating on Broadcom with a raised price target of $220. Broadcom's Q3 report showed revenue at $375.20 billion and net profit at $15.71 billion, with basic EPS at $0.34.

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

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