Record-breaking Trades: Nvidia Shines While Target Stumbles Amid High Volumes
Wednesday, Nov 20, 2024 5:31 pm ET
2min read 1. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.76%, with the trading volume of 41.90B. NVIDIA's CFO predicts Blackwell's revenue will surpass previous billion-dollar forecasts in Q4, with mid-70% profit margins after full-scale ramp-up. NVIDIA's Q3 net income reached $193.1 billion, with strong data center and gaming revenue exceeding expectations. Demand for Blackwell remains "remarkable."
2. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 10.05%, with the trading volume of 33.22B. Microstrategy announced the acquisition of 51,780 bitcoins for approximately $4.6 billion, totaling 331,200 bitcoins held. Additionally, Benchmark maintained its buy rating with a price target of $450. Montgomery Jeanine conducted insider trading, selling 46 shares on November 18, 2024.
3. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.15%, with the trading volume of 22.37B. Tesla Chairman Robyn Denholm sold over $35 million in stock through executing stock options. Tesla debuted its second-generation humanoid robot in Hubei, and unveiled the Cybercab autonomous taxi in London, aiming for launch in 2027. Tesla plans to introduce V4 Superchargers next year.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.32%, with the trading volume of 8.00B. Apple permanently discontinues 3.5mm headphone jack adapters worldwide, marking a significant shift. Apple ends free repair service for controversial MacBook butterfly keyboards. iPhone 16 faces sales ban in Indonesia; Apple plans increased investment to lift it. Apple seeks dismissal of US DOJ antitrust case over smartphone market dominance.
5. Target (NYSE: TGT)
Target plunged by -21.97%, with the trading volume of 7.92B. Target reported Q3 revenue of $256.7 billion, missing expectations and announced a downgrade of full-year earnings guidance due to weak quarterly sales and inventory issues. Citigroup downgraded Target's rating to neutral with a new target price of $130.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.55%, with the trading volume of 7.65B. Microsoft has entered a book licensing agreement with HarperCollins to train an undisclosed AI model and released a Quick Machine Recovery feature for remote system repair. Additionally, Microsoft updated AI products at Microsoft Ignite 2024 to automate business processes using AI assistant tools.
7. Coinbase Global (Nasdaq: COIN)
Coinbase Global dipped mildly by -1.41%, with the trading volume of 7.19B. On November 20, 2024, Coinbase Global disclosed 29 insider transactions, including Armstrong Brian selling 102,400 shares. Previously, on November 19 and 18, 2024, HAAS ALESIA J and Choi Emilie sold 3,575 and 1,500 shares respectively.
8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.85%, with the trading volume of 6.57B. Amazon's 2024 Q3 revenue rose 11.2% to $450.167 billion with net profit reaching $39 billion. Wells Fargo maintains a "hold" rating on Amazon with a target price of $197.00. Amazon is accelerating clean energy investments leading in solar and storage solutions.
9. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.79%, with the trading volume of 5.47B. Alibaba CEO Wu Yongming emphasized focusing on two key areas for the AI era: enhancing AI infrastructure and maintaining open-source collaboration for productivity. Meanwhile, Meta faces a $25.4 million fine from India's antitrust agency over WhatsApp privacy policy breaches and plans to appeal.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -1.28%, with the trading volume of 3.89B. AMD is reportedly entering the mobile sector with plans to launch Ryzen AI mobile SoC chips, competing with Qualcomm and MediaTek. Additionally, AMD is transitioning to a unified GPU architecture after RDNA4.
Nvidia dipped mildly by -0.76%, with the trading volume of 41.90B. NVIDIA's CFO predicts Blackwell's revenue will surpass previous billion-dollar forecasts in Q4, with mid-70% profit margins after full-scale ramp-up. NVIDIA's Q3 net income reached $193.1 billion, with strong data center and gaming revenue exceeding expectations. Demand for Blackwell remains "remarkable."
2. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 10.05%, with the trading volume of 33.22B. Microstrategy announced the acquisition of 51,780 bitcoins for approximately $4.6 billion, totaling 331,200 bitcoins held. Additionally, Benchmark maintained its buy rating with a price target of $450. Montgomery Jeanine conducted insider trading, selling 46 shares on November 18, 2024.
3. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.15%, with the trading volume of 22.37B. Tesla Chairman Robyn Denholm sold over $35 million in stock through executing stock options. Tesla debuted its second-generation humanoid robot in Hubei, and unveiled the Cybercab autonomous taxi in London, aiming for launch in 2027. Tesla plans to introduce V4 Superchargers next year.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.32%, with the trading volume of 8.00B. Apple permanently discontinues 3.5mm headphone jack adapters worldwide, marking a significant shift. Apple ends free repair service for controversial MacBook butterfly keyboards. iPhone 16 faces sales ban in Indonesia; Apple plans increased investment to lift it. Apple seeks dismissal of US DOJ antitrust case over smartphone market dominance.
5. Target (NYSE: TGT)
Target plunged by -21.97%, with the trading volume of 7.92B. Target reported Q3 revenue of $256.7 billion, missing expectations and announced a downgrade of full-year earnings guidance due to weak quarterly sales and inventory issues. Citigroup downgraded Target's rating to neutral with a new target price of $130.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.55%, with the trading volume of 7.65B. Microsoft has entered a book licensing agreement with HarperCollins to train an undisclosed AI model and released a Quick Machine Recovery feature for remote system repair. Additionally, Microsoft updated AI products at Microsoft Ignite 2024 to automate business processes using AI assistant tools.
7. Coinbase Global (Nasdaq: COIN)
Coinbase Global dipped mildly by -1.41%, with the trading volume of 7.19B. On November 20, 2024, Coinbase Global disclosed 29 insider transactions, including Armstrong Brian selling 102,400 shares. Previously, on November 19 and 18, 2024, HAAS ALESIA J and Choi Emilie sold 3,575 and 1,500 shares respectively.
8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.85%, with the trading volume of 6.57B. Amazon's 2024 Q3 revenue rose 11.2% to $450.167 billion with net profit reaching $39 billion. Wells Fargo maintains a "hold" rating on Amazon with a target price of $197.00. Amazon is accelerating clean energy investments leading in solar and storage solutions.
9. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.79%, with the trading volume of 5.47B. Alibaba CEO Wu Yongming emphasized focusing on two key areas for the AI era: enhancing AI infrastructure and maintaining open-source collaboration for productivity. Meanwhile, Meta faces a $25.4 million fine from India's antitrust agency over WhatsApp privacy policy breaches and plans to appeal.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -1.28%, with the trading volume of 3.89B. AMD is reportedly entering the mobile sector with plans to launch Ryzen AI mobile SoC chips, competing with Qualcomm and MediaTek. Additionally, AMD is transitioning to a unified GPU architecture after RDNA4.
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