Stocks Skyrocket: Sirius Xm Soars 925%, Oracle’s Cloud Triumph, Tesla’s Tech Edge

1. Sirius Xm Holdings (Nasdaq: SIRI)
Sirius Xm Holdings surged by 925.47%. Sirius XM Holdings will hold its annual shareholders meeting on August 23, 2024. On August 9, 2024, insider Greenstein Scott Andrew sold 1.4472 million shares. The company was temporarily halted on September 9, 2024, due to undisclosed news. Deutsche Bank maintains a Hold rating, lowering the price target to $3.00.

2. Oracle (NYSE: ORCL)
Oracle surged by 11.39%. Oracle's Q1 earnings exceeded expectations with revenue of $13.31 billion and net profit of $2.93 billion. Mizuho, UBS, TD Cowen, and JMP Securities raised price targets, citing strong cloud infrastructure growth. Oracle's multi-cloud agreement with AWS was highlighted as a milestone.

3. Broadcom (Nasdaq: AVGO)
Broadcom gained solidly by 5.25%. Broadcom reported FY2024 Q3 revenue of $13.1 billion, a 47% increase year-over-year. The semiconductor solutions segment contributed $7.3 billion. AI demand remains strong, with Q4 AI revenue expected to grow 10% sequentially. UBS and Morgan Stanley maintain buy ratings with price targets of $170 and $180, respectively.

4. Digital Realty Trust (NYSE: DLR)
Digital Realty Trust gained solidly by 4.97%. Digital Realty Trust released its Q2 fiscal 2024 results, with revenue of $26.88 billion and net income of $3.63 billion. Truist Securities maintained a Buy rating with a target price of $168.00, while Argus Research downgraded it to Hold.

5. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.58%. Tesla receives "Buy" rating from Deutsche Bank with a target price of $295. Deutsche Bank analysts view Tesla as a unique technology platform rather than just an automaker. Tesla's revenue for the first half of 2024 was $46.8 billion, down 3.02% year-over-year.