Record-Breaking Volume Shifts: Nvidias AI Push, Microns Leap, and Alibabas Free Shipping Surge!
Generated by AI AgentAinvest Market Brief
Thursday, Sep 26, 2024 6:31 pm ET2min read
NVDA--
1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.43%, with the trading volume of 37.36B. NVIDIA CEO Jensen Huang highlighted AI integration in signal processing at T-Mobile's capital markets event. NVIDIA plans to produce 450,000 Blackwell AI GPUs in Q4, potentially generating over $10 billion if sales targets are met. Director Mark A. Stevens sold 165,100 shares on September 24, 2024.
2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.09%, with the trading volume of 17.12B. GLJ Research reiterated a Sell rating on Tesla with a target price of $24.86. Tesla reported Q2 2024 revenue of $46.8 billion, down 3.02% year-on-year, with a net profit of $2.638 billion.
3. Micron Technology (Nasdaq: MU)
Micron Technology surged by 14.73%, with the trading volume of 11.89B. Micron Technology reported 2024 fiscal revenue of $251.11B with net profit of $7.78B. Morgan Stanley, Susquehanna, and Needham maintain favorable ratings with revised price targets. AI-driven performance exceeded expectations, signaling strong data center demand despite consumer weakness. Micron plans continued investment in Shaanxi, China.
4. Super Micromputer (Nasdaq: SMCI)
Super Micromputer plunged by -12.17%, with the trading volume of 9.79B. Super Micro Computer (SMCI) is under investigation by the US Department of Justice for alleged accounting violations, causing temporary trading halts. Additionally, it launched new high-performance servers featuring Intel Xeon processors.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.51%, with the trading volume of 8.29B. Meta unveiled its first AR smart glasses at the 2024 MetaConnect conference, highlighting the competitive "AI + glasses" market.
6. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.08%, with the trading volume of 8.04B. Meta announced the discontinuation of its Quest Pro headset to clear inventory by year-end, following lackluster market response. Meanwhile, B of A Securities, JP Morgan, and Rosenblatt raised Meta's price targets, with JP Morgan setting the highest at $640.00.
7. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited surged by 10.04%, with the trading volume of 6.94B. Alibaba announced plans to invest $1 billion to make Hong Kong a free shipping zone, starting October 1st, managed by Alibaba International and Taobao Tmall. Additionally, Alibaba and Zhejiang Newspaper Group are expanding their strategic cooperation.
8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.71%, with the trading volume of 6.75B. Amazon reported insider trading activity on September 26, with executive Zapolsky David selling 2,190 shares on September 24. Additionally, Amazon is facing a trademark infringement lawsuit from American Eagle Outfitters.
9. Pdd Holdings (Nasdaq: PDD)
Pdd Holdings surged by 13.57%, with the trading volume of 6.29B. Pinduoduo's transaction volume reached $6.293 billion on September 26, 2024, a 359.25% increase from the previous day.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 3.38%, with the trading volume of 6.24B. Advanced Micro Devices' transaction volume reached $6.242 billion on September 26, 2024.
Nvidia gained mildly by 0.43%, with the trading volume of 37.36B. NVIDIA CEO Jensen Huang highlighted AI integration in signal processing at T-Mobile's capital markets event. NVIDIA plans to produce 450,000 Blackwell AI GPUs in Q4, potentially generating over $10 billion if sales targets are met. Director Mark A. Stevens sold 165,100 shares on September 24, 2024.
2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.09%, with the trading volume of 17.12B. GLJ Research reiterated a Sell rating on Tesla with a target price of $24.86. Tesla reported Q2 2024 revenue of $46.8 billion, down 3.02% year-on-year, with a net profit of $2.638 billion.
3. Micron Technology (Nasdaq: MU)
Micron Technology surged by 14.73%, with the trading volume of 11.89B. Micron Technology reported 2024 fiscal revenue of $251.11B with net profit of $7.78B. Morgan Stanley, Susquehanna, and Needham maintain favorable ratings with revised price targets. AI-driven performance exceeded expectations, signaling strong data center demand despite consumer weakness. Micron plans continued investment in Shaanxi, China.
4. Super Micromputer (Nasdaq: SMCI)
Super Micromputer plunged by -12.17%, with the trading volume of 9.79B. Super Micro Computer (SMCI) is under investigation by the US Department of Justice for alleged accounting violations, causing temporary trading halts. Additionally, it launched new high-performance servers featuring Intel Xeon processors.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.51%, with the trading volume of 8.29B. Meta unveiled its first AR smart glasses at the 2024 MetaConnect conference, highlighting the competitive "AI + glasses" market.
6. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.08%, with the trading volume of 8.04B. Meta announced the discontinuation of its Quest Pro headset to clear inventory by year-end, following lackluster market response. Meanwhile, B of A Securities, JP Morgan, and Rosenblatt raised Meta's price targets, with JP Morgan setting the highest at $640.00.
7. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited surged by 10.04%, with the trading volume of 6.94B. Alibaba announced plans to invest $1 billion to make Hong Kong a free shipping zone, starting October 1st, managed by Alibaba International and Taobao Tmall. Additionally, Alibaba and Zhejiang Newspaper Group are expanding their strategic cooperation.
8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.71%, with the trading volume of 6.75B. Amazon reported insider trading activity on September 26, with executive Zapolsky David selling 2,190 shares on September 24. Additionally, Amazon is facing a trademark infringement lawsuit from American Eagle Outfitters.
9. Pdd Holdings (Nasdaq: PDD)
Pdd Holdings surged by 13.57%, with the trading volume of 6.29B. Pinduoduo's transaction volume reached $6.293 billion on September 26, 2024, a 359.25% increase from the previous day.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 3.38%, with the trading volume of 6.24B. Advanced Micro Devices' transaction volume reached $6.242 billion on September 26, 2024.
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