Nvidia Leads Tech Rally with Massive 71.14B Trading Volume Surge!

Market BriefTuesday, Jan 28, 2025 11:23 pm ET
2min read
1. Nvidia (Nasdaq: NVDA)
Nvidia surged by 8.93%, with the trading volume of 71.14B. NVIDIA experienced a strong rebound with shares rising nearly 9% amid a broad tech rally. Morgan Stanley maintained an overweight rating, setting a target price of $152, while Tigress Financial upgraded NVIDIA to a strong buy with a target of $220.

2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.24%, with the trading volume of 19.14B. Tesla and BMW have filed a lawsuit against the EU over import tariffs on Chinese electric vehicles. Meanwhile, Smithfield Foods, a subsidiary of WH Group, raised $522 million in its IPO, with shares priced below the target range.

3. Apple (Nasdaq: AAPL)
Apple gained solidly by 3.65%, with the trading volume of 17.84B. NVIDIA and Apple experienced strong rebounds, with NVIDIA increasing nearly 9% and Apple over 3%, amid a broader tech sector recovery. Additionally, Apple is accelerating the development of AR glasses, adapting visionOS for its first AR platform.

4. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 2.19%, with the trading volume of 14.07B. NVIDIA surged nearly 9% as large tech stocks rebounded, reflecting broader market gains. Meta disclosed insider transactions and continues its positive momentum with analysts maintaining a buy rating, targeting future growth.

5. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 2.59%, with the trading volume of 10.49B. Broadcom reported FY2024 revenue of $51.574 billion and net income of $5.895 billion. Morgan Stanley maintains an "overweight" rating with a target price of $246. Pre-market, semiconductor stocks like Broadcom saw significant drops linked to DeepSeek disruptions.

6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 2.91%, with the trading volume of 10.35B. NVIDIA rebounded strongly, with major tech stocks like Apple and Microsoft also showing strength. Several Chinese concept stocks surged amid overall gains in U.S. markets, where the S&P 500, Nasdaq, and Dow Jones indices closed higher.

7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.16%, with the trading volume of 9.91B. NVIDIA experienced a strong rebound, rising nearly 9%, amid a significant surge in major U.S. indices and tech stocks.

8. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited gained solidly by 5.25%, with the trading volume of 6.06B. DeepSeek's impact on the market caused significant declines in tech giants, with NVIDIA, TSMC, and Broadcom experiencing over 11% pre-market losses. NVIDIA faces potential demand slowdowns for high-end chips amid DeepSeek's continued disruption.

9. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 6.35%, with the trading volume of 5.15B. Palantir's trading volume reached $51.54 billion on January 28, 2025, ranking 9th in the US stock market that day.

10. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 1.82%, with the trading volume of 4.69B. Google announced the open-sourcing of Pebble smartwatch's operating system. Additionally, Google disclosed an insider transaction on January 28, 2025, with executive O'Toole Amie Thuener selling 1,424 shares on January 25, 2025.

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