Record-Breaking Trading Day: Tesla and Broadcom Shine with Massive Volumes
Generated by AI AgentAinvest Market Brief
Friday, Dec 13, 2024 5:31 pm ET2min read
MASS--
TSLA--
1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.34%, with the trading volume of 37.68B. Pony.ai collaborates with GAC Aion to develop mass-produced, commercially competitive Robotaxi vehicles. Tesla launched the "Advanced Smart Summon" feature on its China website. The SEC may file multiple charges against Elon Musk, after restarting an investigation into Neuralink. Tesla's Cybertruck energy consumption filing in China was nullified.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -2.25%, with the trading volume of 30.55B. NVIDIA will attend CES 2025 with new product announcements on January 7. The company faces new legal challenges after an antitrust investigation and denies rumors of cutting supplies to China. NVIDIA is also ramping up recruitment in China for autonomous driving R&D.
3. Broadcom (Nasdaq: AVGO)
Broadcom surged by 24.43%, with the trading volume of 26.07B. Broadcom's FY2024 revenue reached $515.74 billion with a net profit of $58.95 billion. Analysts adjusted their price targets upward, with the highest at $245. The company anticipates a custom AI chip market worth $900 billion by 2027.
4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.51%, with the trading volume of 8.79B. Mizuho maintains Microsoft's rating as outperform with a target price of $510. Microsoft launched a new generative AI model Phi-4 in the research preview program. Microsoft announced significant changes to Bing with the removal of webpage cache links from search results.
5. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -2.83%, with the trading volume of 8.52B. Advanced Micro Devices partners with Microsoft to advance Windows 11 AI+ PC; unveils next-gen Krackan Point APU surpassing competitors; targets 2025 AI system efficiency improvement; joins Nvidia and Intel in Ayar Labs’ $155 million D-round funding.
6. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 4.20%, with the trading volume of 8.42B. Bernstein reaffirmed Microstrategy's outperform rating with a target price of $600. Microstrategy reported third-quarter 2024 revenue of $343 million as of September 30, 2024.
7. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.07%, with the trading volume of 7.95B. Apple reveals macOS Sequoia 15.2 updates and plans M4 MacBook Air launch. Collaborates with MediaTek for major Apple Watch updates next year. Plans self-developed Bluetooth and Wi-Fi chips for iPhone 17 Air, already in Foxconn's NPI process. AirPods production to start in India early next year.
8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.66%, with the trading volume of 6.45B. Amazon plans to donate $1 million to President-elect Donald Trump's inauguration fund as Jeff Bezos seeks to strengthen ties with the new administration. Meanwhile, Baird maintains Amazon's outperform rating with a target price of $260.
9. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained solidly by 3.92%, with the trading volume of 5.57B. Mizuho maintains Palantir with an underperform rating and a target price of $44.00, while Baird initiates coverage with a neutral rating and a $70.00 target. Palantir's Q3 2024 revenue was $20.38 billion, up 26.06% year-over-year.
10. Adobe (Nasdaq: ADBE)
Adobe dipped mildly by -1.88%, with the trading volume of 5.11B. Adobe's disappointing 2025 fiscal outlook led to an over 11% pre-market share drop, heightening fears of AI disrupting its business. Despite its Q4 2024 revenue rising 11% to $56.1 billion, the guidance missed expectations, triggering investor concern.
Tesla gained solidly by 4.34%, with the trading volume of 37.68B. Pony.ai collaborates with GAC Aion to develop mass-produced, commercially competitive Robotaxi vehicles. Tesla launched the "Advanced Smart Summon" feature on its China website. The SEC may file multiple charges against Elon Musk, after restarting an investigation into Neuralink. Tesla's Cybertruck energy consumption filing in China was nullified.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -2.25%, with the trading volume of 30.55B. NVIDIA will attend CES 2025 with new product announcements on January 7. The company faces new legal challenges after an antitrust investigation and denies rumors of cutting supplies to China. NVIDIA is also ramping up recruitment in China for autonomous driving R&D.
3. Broadcom (Nasdaq: AVGO)
Broadcom surged by 24.43%, with the trading volume of 26.07B. Broadcom's FY2024 revenue reached $515.74 billion with a net profit of $58.95 billion. Analysts adjusted their price targets upward, with the highest at $245. The company anticipates a custom AI chip market worth $900 billion by 2027.
4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.51%, with the trading volume of 8.79B. Mizuho maintains Microsoft's rating as outperform with a target price of $510. Microsoft launched a new generative AI model Phi-4 in the research preview program. Microsoft announced significant changes to Bing with the removal of webpage cache links from search results.
5. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -2.83%, with the trading volume of 8.52B. Advanced Micro Devices partners with Microsoft to advance Windows 11 AI+ PC; unveils next-gen Krackan Point APU surpassing competitors; targets 2025 AI system efficiency improvement; joins Nvidia and Intel in Ayar Labs’ $155 million D-round funding.
6. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 4.20%, with the trading volume of 8.42B. Bernstein reaffirmed Microstrategy's outperform rating with a target price of $600. Microstrategy reported third-quarter 2024 revenue of $343 million as of September 30, 2024.
7. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.07%, with the trading volume of 7.95B. Apple reveals macOS Sequoia 15.2 updates and plans M4 MacBook Air launch. Collaborates with MediaTek for major Apple Watch updates next year. Plans self-developed Bluetooth and Wi-Fi chips for iPhone 17 Air, already in Foxconn's NPI process. AirPods production to start in India early next year.
8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.66%, with the trading volume of 6.45B. Amazon plans to donate $1 million to President-elect Donald Trump's inauguration fund as Jeff Bezos seeks to strengthen ties with the new administration. Meanwhile, Baird maintains Amazon's outperform rating with a target price of $260.
9. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained solidly by 3.92%, with the trading volume of 5.57B. Mizuho maintains Palantir with an underperform rating and a target price of $44.00, while Baird initiates coverage with a neutral rating and a $70.00 target. Palantir's Q3 2024 revenue was $20.38 billion, up 26.06% year-over-year.
10. Adobe (Nasdaq: ADBE)
Adobe dipped mildly by -1.88%, with the trading volume of 5.11B. Adobe's disappointing 2025 fiscal outlook led to an over 11% pre-market share drop, heightening fears of AI disrupting its business. Despite its Q4 2024 revenue rising 11% to $56.1 billion, the guidance missed expectations, triggering investor concern.
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