Surge of Interest: NVDA and TSLA Lead Trading Volume Boom!
AInvestThursday, Sep 19, 2024 6:31 pm ET
2min read
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TSLA --
1. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.97%, with the trading volume of 34.66B. NVIDIA is reportedly spending $165 million to acquire OctoAI, expanding its AI sector presence. Upcoming RTX 5090 release has led to discontinuation of RTX 4090, generating high performance and pricing anticipation. CEO Jensen Huang sold six million shares, cashing out over $700 million.

2. Tesla (Nasdaq: TSLA)
Tesla surged by 7.36%, with the trading volume of 24.55B. Tesla plans to unveil its Robotaxi autonomous taxi on October 10, which CEO Elon Musk describes as a pivotal moment since the launch of Model 3.

3. Apple (Nasdaq: AAPL)
Apple gained solidly by 3.71%, with the trading volume of 15.23B. Apple's launch of employee purchase channels for the iPhone 16 series hints at lower-than-expected sales. Additionally, Apple plans to introduce in-house Wi-Fi chips in some iPad models by 2025. The EU demands that Apple opens its iPhone operating system or face significant fines.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.83%, with the trading volume of 9.51B. Microsoft and BlackRock announced plans for a $300 billion AI infrastructure fund, focusing on data centers and energy projects. Morgan Stanley maintained an "overweight" rating on Microsoft, citing attractive risk-return and a $60 billion buyback plan.

5. Meta Platforms (Nasdaq: META)
Meta Platforms gained solidly by 3.93%, with the trading volume of 8.68B. Meta Platforms is facing significant EU antitrust fines over alleged market monopolization and has announced banning Russian media. Additionally, Meta will buy up to 3.9 million carbon offset credits from BTG Pactual.

6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.84%, with the trading volume of 7.49B. Amazon introduces AI assistant Amelia for third-party sellers to manage accounts, and plans to raise hourly wages for warehouse workers by $1.5. Employees express dissatisfaction over the new policy requiring office attendance five days a week.

7. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 5.70%, with the trading volume of 6.95B. Advanced Micro Devices plans to release the Ryzen 200 processor series, rebranding the existing Ryzen 8040 Hawk Point, in 2024. AMD has secured the chip design for PS6 and disclosed insider trading with executive Hahn Ava selling 2,999 shares.

8. Broadcom (Nasdaq: AVGO)
Broadcom gained solidly by 3.56%, with the trading volume of 5.45B. Broadcom disclosed insider transaction on September 19, 2024, with Director Tan Hock E selling 50,000 shares. William Blair initiated coverage of Broadcom with an outperform rating. Broadcom's Q3 earnings showed $375.20 billion in revenue and $15.71 billion in net profit.

9. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 1.46%, with the trading volume of 4.31B. Alphabet Inc.'s Google won an EU antitrust case, avoiding a €1.49 billion fine. Google proposed selling part of its ad business to address EU antitrust concerns, but European publishers rejected the offer. YouTube introduces AI tools for content creation.

10. Netflix (Nasdaq: NFLX)
Netflix gained mildly by 2.01%, with the trading volume of 2.98B. Netflix reported a trading volume of $2.98 billion on September 19, 2024.
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