Stock Market Shifts: Snowflake Soars, Microstrategy Sinks Amid High Trading Volumes
Thursday, Nov 21, 2024 5:31 pm ET
2min read 1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.54%, with the trading volume of 58.23B. NVIDIA's Q3 revenue of $351 billion exceeded expectations, with future projections also surpassing analysts' predictions. Despite strong results, some investors took profits as growth slows. Truist, Oppenheimer, Goldman Sachs, and Evercore ISI maintain positive ratings with target prices between $165 and $190.
2. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -16.16%, with the trading volume of 45.48B. BTIG maintains a buy rating for MicroStrategy with a target price of $570. The company is executing a $42 billion fund plan to boost its bitcoin purchase strategy, and its market capitalization surpassed $100 billion for the first time.
3. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.70%, with the trading volume of 19.73B. Tesla has requested HBM4 chip samples from SK Hynix and Samsung, signaling its commitment to AI development. Chinese Automobile Association reports Tesla's SUV sales declined from January to October 2024 compared to last year. Xiaomi's second vehicle may launch in Q1 2025. Pony.ai expands IPO to raise $4.52 billion.
4. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -2.22%, with the trading volume of 11.64B. Amazon launched its longest Black Friday sale spanning 12 days, unveiled new Echo Show smart displays, and announced no logistics price increases in 2024. Its cloud division joined forces with Sheltered Harbor to enhance cybersecurity for financial services.
5. Alphabet (Nasdaq: GOOGL)
Alphabet dropped solidly by -4.75%, with the trading volume of 9.93B. OpenAI plans to launch a browser integrating AI tools, challenging Google's dominance in the market. The US Department of Justice is pushing for Google to divest its Chrome browser and Android system in an antitrust case.
6. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.21%, with the trading volume of 9.36B. Apple is investing tenfold to lift Indonesia's iPhone 16 sales ban, plans AI-powered Siri revision by 2026, and reports iPhone Pro Max as top-selling model despite base models comprising 42% of sales. The iPhone 17 Air may feature a centralized dual-camera design.
7. Snowflake (NYSE: SNOW)
Snowflake surged by 32.71%, with the trading volume of 9.28B. Snowflake's Q3 2025 revenue rose 28.3% year-over-year to $9.42 billion, exceeding expectations due to successful new products. Mizuho and Jefferies both maintain their positive ratings, with target prices at $195 and $180 respectively.
8. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.63%, with the trading volume of 8.51B. Microsoft plans to deploy 15,000 kilometers of hollow-core fiber over 24 months, introduced AI Agent at Ignite 2024, acknowledged a bug in Windows 11 24H2 update, released AI Shell for developers, and is heavily promoting Windows 11 updates over Windows 10.
9. Coinbase Global (Nasdaq: COIN)
Coinbase Global plunged by -7.74%, with the trading volume of 7.64B. Coinbase Global disclosed 32 insider transactions on November 20, 2024, including 10.24 million shares sold by major shareholder Armstrong Brian on November 18. High-ranking executive Haas Alesia J sold 3,575 shares on November 15, according to a November 19 disclosure.
10. Alphabet (Nasdaq: GOOG)
Alphabet dropped solidly by -4.56%, with the trading volume of 6.46B. OpenAI is considering launching a browser to compete with Google, potentially integrating chatbot tools and supplying AI features on Samsung devices, amidst US antitrust efforts to dismantle Google's browser and Android operations. Google's AlphaQubit decoder marks a quantum computing breakthrough.
Nvidia gained mildly by 0.54%, with the trading volume of 58.23B. NVIDIA's Q3 revenue of $351 billion exceeded expectations, with future projections also surpassing analysts' predictions. Despite strong results, some investors took profits as growth slows. Truist, Oppenheimer, Goldman Sachs, and Evercore ISI maintain positive ratings with target prices between $165 and $190.
2. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -16.16%, with the trading volume of 45.48B. BTIG maintains a buy rating for MicroStrategy with a target price of $570. The company is executing a $42 billion fund plan to boost its bitcoin purchase strategy, and its market capitalization surpassed $100 billion for the first time.
3. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.70%, with the trading volume of 19.73B. Tesla has requested HBM4 chip samples from SK Hynix and Samsung, signaling its commitment to AI development. Chinese Automobile Association reports Tesla's SUV sales declined from January to October 2024 compared to last year. Xiaomi's second vehicle may launch in Q1 2025. Pony.ai expands IPO to raise $4.52 billion.
4. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -2.22%, with the trading volume of 11.64B. Amazon launched its longest Black Friday sale spanning 12 days, unveiled new Echo Show smart displays, and announced no logistics price increases in 2024. Its cloud division joined forces with Sheltered Harbor to enhance cybersecurity for financial services.
5. Alphabet (Nasdaq: GOOGL)
Alphabet dropped solidly by -4.75%, with the trading volume of 9.93B. OpenAI plans to launch a browser integrating AI tools, challenging Google's dominance in the market. The US Department of Justice is pushing for Google to divest its Chrome browser and Android system in an antitrust case.
6. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.21%, with the trading volume of 9.36B. Apple is investing tenfold to lift Indonesia's iPhone 16 sales ban, plans AI-powered Siri revision by 2026, and reports iPhone Pro Max as top-selling model despite base models comprising 42% of sales. The iPhone 17 Air may feature a centralized dual-camera design.
7. Snowflake (NYSE: SNOW)
Snowflake surged by 32.71%, with the trading volume of 9.28B. Snowflake's Q3 2025 revenue rose 28.3% year-over-year to $9.42 billion, exceeding expectations due to successful new products. Mizuho and Jefferies both maintain their positive ratings, with target prices at $195 and $180 respectively.
8. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.63%, with the trading volume of 8.51B. Microsoft plans to deploy 15,000 kilometers of hollow-core fiber over 24 months, introduced AI Agent at Ignite 2024, acknowledged a bug in Windows 11 24H2 update, released AI Shell for developers, and is heavily promoting Windows 11 updates over Windows 10.
9. Coinbase Global (Nasdaq: COIN)
Coinbase Global plunged by -7.74%, with the trading volume of 7.64B. Coinbase Global disclosed 32 insider transactions on November 20, 2024, including 10.24 million shares sold by major shareholder Armstrong Brian on November 18. High-ranking executive Haas Alesia J sold 3,575 shares on November 15, according to a November 19 disclosure.
10. Alphabet (Nasdaq: GOOG)
Alphabet dropped solidly by -4.56%, with the trading volume of 6.46B. OpenAI is considering launching a browser to compete with Google, potentially integrating chatbot tools and supplying AI features on Samsung devices, amidst US antitrust efforts to dismantle Google's browser and Android operations. Google's AlphaQubit decoder marks a quantum computing breakthrough.
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