Stock Surge: Tesla Leads with 38.29B Volume, Nvidia Follows Closely
AInvestFriday, Jul 12, 2024 6:31 pm ET
2min read
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1. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 2.99%, with the trading volume of 38.29B. Tesla's planned Robotaxi launch is delayed to October. Citigroup maintains a neutral rating, raising the price target to $274. UBS downgrades Tesla to sell with a target price of $197. Mizuho retains a neutral rating, setting the target at $230. Tesla introduced a new long-range rear-wheel-drive Model 3.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.47%, with the trading volume of 32.44B. Benchmark maintains Buy rating for Nvidia, raises target price to $170. Nvidia reported Q1 FY2025 earnings with $260.44 billion revenue and $148.81 billion net profit. Nvidia supports China's gaming industry with DLSS 3 technology. Competitor Graphcore acquired by SoftBank. H100 utilization surges to 75%.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.30%, with the trading volume of 12.20B. Apple Inc. agreed with the EU to allow third-party wallet providers free access to NFC payment on iOS devices for ten years. Apple Watch is being criticized for its obsessive health goal tracking. Apple iPhone 17 Pro Max will feature a significant camera upgrade.

4. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -2.84%, with the trading volume of 9.86B. Meta to potentially reinstate Trump’s Facebook account. Meta Quest 3 sees a price cut; 128GB version now $429. Meta CTO discusses AR/VR future. Meta collaborates with Carnegie Mellon University on AR/VR neural wristbands. Meta unveils new architecture TTT with Stanford. Meta reported 57 insider transactions on July 10.

5. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -0.21%, with the trading volume of 9.33B. Advanced Micro Devices accelerates its AI strategy, acquiring Silo AI for $665 million in cash. AMD joins Intel and Samsung in advancing glass substrate technology for semiconductor packaging.

6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.22%, with the trading volume of 7.37B. Piper Sandler maintained its Overweight rating on Microsoft with a target price of $465.00. BMO Capital maintained its Outperform rating on Microsoft, raising the target price to $500.00. Microsoft reported Q3 2024 revenue of $180.395 billion, up 15.84% year-over-year.

7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.29%, with the trading volume of 5.80B. Amazon has launched AI shopping assistant Rufus to all U.S. users after five months of testing. Amazon also supports Austrian sellers with exports exceeding 600 million euros. Founder Jeff Bezos sold 2.26 million Amazon shares, netting approximately $452.7 million.

8. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -0.31%, with the trading volume of 5.17B. Broadcom's recent activity includes a trading value of $5.172 billion on July 12, 2024, and Rosenblatt raising the target price to $2400 due to AI infrastructure growth and software synergy. The company reported Q2 2024 revenue of $24.448 billion and net income of $3.446 billion.

9. Super Micromputer (Nasdaq: SMCI)
Super Micromputer gained mildly by 2.33%, with the trading volume of 4.69B. Nomura downgraded Super Micro Computer to Neutral from Buy, maintaining a price target of $930. Super Micro Computer reported Q3 2024 revenue of $9.63 billion and net profit of $8.55 billion for the period ended March 31, 2024.

10. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -0.30%, with the trading volume of 4.23B. Google will release four Pixel 9 series phones, including standard, Pro, and Fold models. Android 15 to support Thread protocol for smart home devices. Google partners with Samsung for new XR platform release. Pixel 9 Europe price increased by 12.5%, starting at €899.
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