Nvidia Shines with Massive Trading Volume Amid AI Growth and Insider Sales

1. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.32%, with the trading volume of 33.47B. NVIDIA insiders have cashed out over $1.8 billion in stock this year, with more sales anticipated. Executives and directors sold nearly 11 million shares in 2024, marking the largest reduction since 2020. NVIDIA expanded partnership with Accenture to promote AI adoption and paused development of dual-rack GB200 AI servers.

2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.35%, with the trading volume of 19.47B. Tesla's Q3 deliveries fell short due to insufficient incentives, despite plans to launch four new batteries by 2026. Truist Securities maintains a hold rating, raising the price target to $236, while Bernstein reiterates an underperform rating with a $120 target.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.49%, with the trading volume of 7.59B. Apple CEO Tim Cook sold over 220,000 shares worth $50 million. B of A Securities reiterated a buy rating with a target price of $256. Apple's Q3 2024 revenue was $296.1 billion with $79 billion in net profit.

4. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 1.74%, with the trading volume of 6.68B. Revolut criticized Meta Platforms for insufficient anti-fraud measures on its social platforms and urged compensation for fraud victims. Meta faces privacy concerns over facial recognition in its smart glasses. Wells Fargo maintained an overweight rating with a $652 target price.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.14%, with the trading volume of 5.64B. Microsoft's Edge browser faces allegations of unfair competition, possibly attracting EU scrutiny. The company introduces new AI features in Windows 11 and simplifies Xbox login. Microsoft will invest €4.3 billion in AI and expand cloud computing in Italy, and invests $750 million in OpenAI's latest funding round.

6. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -1.52%, with the trading volume of 5.40B. Morgan Stanley reiterated its overweight rating on Amazon.com with a target price of $210. Xbox co-founder joined Amazon as VP of Devices and Services. Amazon's mid-2024 revenue reached $291.29 billion, a year-on-year increase of 11.29%.

7. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 1.92%, with the trading volume of 4.83B. B of A Securities reiterated its Buy rating on Advanced Micro Devices with a target price of $180.00. In its mid-2024 report, the company posted revenue of $11.308 billion and net profit of $388 million as of June 29, 2024.

8. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited dipped mildly by -2.10%, with the trading volume of 3.29B. Alibaba repurchased $4.1 billion in ordinary shares in the third quarter, reflecting strategic buyback plans authorized till 2027. Citi raised Alibaba's target price from HKD 115 to HKD 135, maintaining a "buy" rating amid expectations of enhanced customer management revenue growth.

9. Pdd Holdings (Nasdaq: PDD)
Pdd Holdings dipped mildly by -0.06%, with the trading volume of 2.84B. Xpeng Motors delivered 21,352 vehicles in September, achieving a new monthly delivery record with a 39% year-over-year increase. Alibaba repurchased $41 billion worth of shares in the latest quarter.

10. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by 0.00%, with the trading volume of 2.48B. Google is partnering with BioNTech to create AI lab assistants, updating Gmail with card-type information features, and aiming to advance AI reasoning to compete with OpenAI. Character.ai halted its model development post a $2.7 billion Google deal. Wells Fargo maintains Alphabet's rating with a $182 target.