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Stock Highlights: Nvidia, Tesla, and Apple Lead Trading Volume Surge!

Market BriefWednesday, Sep 18, 2024 6:31 pm ET
2min read
1. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.92%, with the trading volume of 35.03B. Nvidia's CEO, Jensen Huang, sold nearly 6 million shares worth about $700 million over three months. Nvidia plans to acquire startup OctoAI for approximately $165 million. William Blair initiated coverage on Nvidia with an "Outperform" rating.

2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.29%, with the trading volume of 17.83B. Tesla's Full Self-Driving feature may launch in China by year-end, with testing buttons appearing on car interfaces. Tesla's Supercharger stations are now open to General Motors EVs through an adapter, following a partnership agreement.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.80%, with the trading volume of 13.16B. Apple's recent iPhone 16 launch sparked demand discussions. Delays in the Pro Max shipments and lower-than-expected sales impacted market perception. Morgan Stanley advises investors to ignore negative noise, while Apple plans to debut TSMC's 2nm chips in the iPhone 17 Pro series.

4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.00%, with the trading volume of 8.14B. Microsoft partnered with BlackRock and others to launch a $100 billion AI investment fund focused on data center infrastructure. Additionally, Microsoft introduced Office LTSC 2024 for commercial use, lacking AI and cloud capabilities compared to Microsoft 365. Xbox Series X/S sales lag behind Sony PS5 significantly.

5. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.24%, with the trading volume of 6.11B. Amazon plans to raise warehouse workers' hourly wages by at least $1.5, increasing average pay to over $22 per hour. The company will require in-office work five days a week starting January 2025, sparking employee discontent. Prime Big Deal Days event is set for October 8, 2024.

6. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.30%, with the trading volume of 5.41B. Meta Platforms intends to purchase up to 3.9 million carbon credits from BTG Pactual by 2038. The company faces potential EU fines for allegedly monopolizing classified ads. Meta bans major Russian media from its apps and strengthens Instagram privacy for teens amidst regulatory pressure.

7. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -0.49%, with the trading volume of 4.23B. Broadcom reported Q3 2024 revenue of $37.52 billion and net income of $1.571 billion as of August 4, with William Blair initiating coverage and rating it Outperform.

8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -1.68%, with the trading volume of 3.92B. Advanced Micro Devices secured the PS6 chip design and reported an insider transaction on September 17, 2024. Executive Hahn Ava sold 2,999 shares on September 15.

9. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 0.31%, with the trading volume of 3.77B. Google's General Court appeal succeeded, overturning a €1.49B antitrust fine from 2019. Additionally, Android 15's source code has been released to AOSP, with Pixel device updates expected soon.

10. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.33%, with the trading volume of 2.69B. Google's Android 15 source code is now available in the Android Open Source Project. The European General Court annulled Google's $17 billion antitrust fine from 2019, ruling investigation errors.
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