Record Trading Volume: Nvidia Leads Tech Surge with Innovations in AI & Energy Efficiency!
AInvestThursday, Oct 10, 2024 6:31 pm ET
2min read
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1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.63%, with the trading volume of 32.22B. Morgan Stanley analysts see sustainable demand for NVIDIA, pushing its stock near historic highs. The firm reiterated an "overweight" rating with a $150 target price. NVIDIA is showcasing innovations in energy efficiency and AI, driving industry transformation.

2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.95%, with the trading volume of 19.67B. Tesla will provide formal employment to 500 temporary workers at its German Gigafactory starting November 1. Cantor Fitzgerald reaffirmed Tesla's neutral rating with a target price of $245. Tesla will host a "WE, ROBOT" event to unveil its Robotaxi in Los Angeles.

3. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dropped solidly by -4.00%, with the trading volume of 12.42B. Advanced Micro Devices' rating was reiterated as "overweight" by Cantor Fitzgerald with a target price of $180. The company's mid-2024 report revealed revenue of $11.308 billion and net profit of $388 million as of June 29, 2024.

4. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.22%, with the trading volume of 6.40B. Apple's Shenzhen lab, costing over 1 billion yuan, begins operation for testing iPhone reliability and quality. Vision Pro head retires with potential successor linked to CEO role. Apple slipped to sixth in China's August mobile sales.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.39%, with the trading volume of 5.73B. Goldman Sachs maintains a buy rating for Microsoft with a target price of $500. Microsoft reports 2024 fiscal year revenue of $245.12 billion, up 15.67%, and net income of $88.1 billion.

6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.80%, with the trading volume of 5.18B. Amazon.com received "Buy" and "Outperform" ratings from DA Davidson and Telsey Advisory Group, respectively, with a price target of $215. The company enhances delivery speeds with new technology and announces Apple TV+ integration with Prime Video in the US for $9.99/month.

7. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.13%, with the trading volume of 4.49B. Meta received a "buy" rating from Truist Securities and a "strong buy" from Raymond James, both setting a $650 price target. Additionally, Meta agreed to modify its data usage, leading to the closure of an antitrust case in Germany.

8. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -0.14%, with the trading volume of 3.01B. Broadcom disclosed insider trading on October 9 with executive Mark David Brazeal selling 20,300 shares on October 7. Cantor Fitzgerald maintains an Overweight rating for Broadcom and sets a new price target at $225.00.

9. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -2.95%, with the trading volume of 2.92B. Bernstein maintains an outperform rating on Microstrategy, adjusting the price target to $290. Microstrategy reported $227 million in revenue for the mid-year 2024, ending June 30.

10. Micron Technology (Nasdaq: MU)
Micron Technology gained solidly by 3.92%, with the trading volume of 2.88B. Micron Technology unveiled a new logo inspired by the precision of wafer outlines, emphasizing its commitment to innovation and leadership in the technology sector.
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