Nvidias Stellar 3.96% Surge: Leading with Massive 42.05B Volume!
Generated by AI AgentAinvest Market Brief
Tuesday, Sep 24, 2024 6:31 pm ET2min read
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1. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.96%, with the trading volume of 42.05B. NVIDIA has halted H20 chip orders, collaborated with Hitachi on a railway infrastructure inspection system, and developed the GeForce RTX 5090 GPU with dual 16-pin power connectors. The Blackwell platform aims to boost liquid cooling adoption to over 20% by 2025.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.71%, with the trading volume of 21.97B. Tesla is projected to achieve its best-ever quarterly performance in China, with Q3 deliveries expected at 459,000 units. Piper Sandler raised Tesla's target price based on this outlook. Additionally, Tesla's Smart Summon feature can autonomously navigate complex parking lots to find its owner.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.40%, with the trading volume of 9.49B. Apple has started producing foldable iPhone screens and backshells by year-end. The iPhone 16 expands its production line to Brazil, with hardware upgrades lacking significant AI enhancements. Apple has classified nine Mac models as obsolete and retracted the HomePod 18.1 Beta 2 update after user complaints.
4. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.04%, with the trading volume of 8.20B. Amazon collaborates with freight forwarders, engages in global e-commerce pricing strategies, and aids the consumer sector via Amazon Web Services for international business expansion. Cantor Fitzgerald reiterates an overweight rating for Amazon with a target price of $230.
5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.00%, with the trading volume of 7.11B. Microsoft is enhancing its Edge browser's PDF reader with experimental features and plans to introduce SPIR-V shader support in DirectX 12. Moreover, Microsoft is collaborating with Constellation Energy to restart the Three Mile Island nuclear plant for AI energy needs.
6. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.19%, with the trading volume of 6.78B. Meta is set to announce collaborations with celebrities like Judi Dench, Kristen Bell, and John Cena to enhance its AI chatbots' audio capabilities at the Meta Connect 2024 event. Additionally, Citigroup maintains a "buy" rating with a target price of $645.
7. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 1.10%, with the trading volume of 5.80B. Broadcom introduced a 200G/channel DSP chip supporting 1.6T high-speed connections. The company is not currently evaluating a bid for Intel. Insider transaction disclosed: Executive Charlie Kawwas sold 25,200 shares on September 19, 2024.
8. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited surged by 7.92%, with the trading volume of 4.49B. Alibaba's transaction volume reached $4.547 billion on September 24, marking a 155.98% increase from the previous day. China's monetary policies boosted Chinese stocks, with Alibaba shares rising over 6%.
9. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 1.00%, with the trading volume of 4.18B. AMD CEO Lisa Su stated that while GPUs are currently the preferred architecture for large language models due to their parallel processing efficiency, future AI models will utilize various chip types, including GPUs and more specialized chips yet to be developed.
10. Visa (NYSE: V)
Visa dropped solidly by -5.44%, with the trading volume of 3.76B. The U.S. Department of Justice has filed a lawsuit against Visa Inc., accusing it of maintaining an illegal monopoly in the U.S. debit card market. Additionally, Visa Inc. is collaborating with ANZ Bank for the second phase of the “digital Hong Kong dollar” pilot program.
Nvidia gained solidly by 3.96%, with the trading volume of 42.05B. NVIDIA has halted H20 chip orders, collaborated with Hitachi on a railway infrastructure inspection system, and developed the GeForce RTX 5090 GPU with dual 16-pin power connectors. The Blackwell platform aims to boost liquid cooling adoption to over 20% by 2025.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.71%, with the trading volume of 21.97B. Tesla is projected to achieve its best-ever quarterly performance in China, with Q3 deliveries expected at 459,000 units. Piper Sandler raised Tesla's target price based on this outlook. Additionally, Tesla's Smart Summon feature can autonomously navigate complex parking lots to find its owner.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.40%, with the trading volume of 9.49B. Apple has started producing foldable iPhone screens and backshells by year-end. The iPhone 16 expands its production line to Brazil, with hardware upgrades lacking significant AI enhancements. Apple has classified nine Mac models as obsolete and retracted the HomePod 18.1 Beta 2 update after user complaints.
4. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.04%, with the trading volume of 8.20B. Amazon collaborates with freight forwarders, engages in global e-commerce pricing strategies, and aids the consumer sector via Amazon Web Services for international business expansion. Cantor Fitzgerald reiterates an overweight rating for Amazon with a target price of $230.
5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.00%, with the trading volume of 7.11B. Microsoft is enhancing its Edge browser's PDF reader with experimental features and plans to introduce SPIR-V shader support in DirectX 12. Moreover, Microsoft is collaborating with Constellation Energy to restart the Three Mile Island nuclear plant for AI energy needs.
6. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.19%, with the trading volume of 6.78B. Meta is set to announce collaborations with celebrities like Judi Dench, Kristen Bell, and John Cena to enhance its AI chatbots' audio capabilities at the Meta Connect 2024 event. Additionally, Citigroup maintains a "buy" rating with a target price of $645.
7. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 1.10%, with the trading volume of 5.80B. Broadcom introduced a 200G/channel DSP chip supporting 1.6T high-speed connections. The company is not currently evaluating a bid for Intel. Insider transaction disclosed: Executive Charlie Kawwas sold 25,200 shares on September 19, 2024.
8. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited surged by 7.92%, with the trading volume of 4.49B. Alibaba's transaction volume reached $4.547 billion on September 24, marking a 155.98% increase from the previous day. China's monetary policies boosted Chinese stocks, with Alibaba shares rising over 6%.
9. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 1.00%, with the trading volume of 4.18B. AMD CEO Lisa Su stated that while GPUs are currently the preferred architecture for large language models due to their parallel processing efficiency, future AI models will utilize various chip types, including GPUs and more specialized chips yet to be developed.
10. Visa (NYSE: V)
Visa dropped solidly by -5.44%, with the trading volume of 3.76B. The U.S. Department of Justice has filed a lawsuit against Visa Inc., accusing it of maintaining an illegal monopoly in the U.S. debit card market. Additionally, Visa Inc. is collaborating with ANZ Bank for the second phase of the “digital Hong Kong dollar” pilot program.
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