Rising Volumes: Nvidia and Tesla Lead Stock Movement Amid Market Shifts

Generated by AI AgentAinvest Market Brief
Friday, Nov 22, 2024 11:23 pm ET2min read
1. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -3.22%, with the trading volume of 33.56B. NVIDIA founder Jensen Huang highlighted AI as possibly the most significant technology ever, impacting every scientific field and industry. NVIDIA's Q3 revenue surged to $35.1 billion, nearly doubling, with its technology powering 384 systems in the latest TOP500 supercomputer list.

2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.80%, with the trading volume of 30.99B. Elon Musk's net worth hit a record $347.8 billion due to Tesla's continued stock rise and his AI startup xAI reaching a $50 billion valuation after new funding. Tesla also reached a conditional settlement with Rivian regarding a 2020 trade secrets lawsuit.

3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 6.19%, with the trading volume of 23.65B. MicroStrategy has been targeted by short-seller Citron Research's Andrew Left, labeling it as a Bitcoin investment fund. Meanwhile, BTIG maintains a buy rating with a $570 target, endorsing its significant Bitcoin acquisition strategy under Chairman Michael Saylor.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.00%, with the trading volume of 9.95B. Microsoft releases Surface Laptop 6 and Laptop 5 firmware updates to fix issues; confirms a bug in Windows 11 24H2 affecting USB DAC users; plans to deploy 15,000 km of hollow-core fiber; extends Azure data center supply contract with Nokia for five years.

5. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.59%, with the trading volume of 8.76B. The UK Competition and Markets Authority is set to formally investigate Apple and Google over their dominance in the mobile browser market, citing Apple's iOS/iPadOS third-party browser restrictions as hindering iPhone users from accessing potential new features.

6. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -1.71%, with the trading volume of 6.37B. Google and Apple face a UK antitrust investigation over dominance in mobile browsers; the US DOJ demands Google divest Chrome due to search monopoly concerns; Google may exit the tablet market, with Pixel Tablet plans reportedly altered.

7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.64%, with the trading volume of 6.21B. Amazon's AWS announced the Quantum Embark program, affecting quantum computing stocks positively. Amazon plans an additional $4 billion investment in Anthropic. Their overseas official store launched on JD.com, suggesting a strategic shift in the e-commerce landscape. Amazon might face an EU Digital Markets Act investigation next year.

8. Super Micromputer (Nasdaq: SMCI)
Super Micromputer surged by 11.62%, with the trading volume of 5.21B. Advanced Micro Devices has submitted a compliance plan to Nasdaq, potentially allowing a deadline extension for filing the previous fiscal year's audited financial report.

9. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.70%, with the trading volume of 5.11B. The U.S. Supreme Court has allowed investors to pursue a multibillion-dollar class action lawsuit against Meta Platforms Inc. regarding the Cambridge Analytica privacy scandal, rejecting Meta's attempt to have the lawsuit dismissed.

10. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -1.58%, with the trading volume of 4.07B. Google may exit the tablet market as Pixel Tablet development changes. The UK antitrust agency plans to investigate Apple's and Google's dominance in mobile browsers. The US Justice Department demands Google divest Chrome, with experts questioning the feasibility.

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