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Tech Giants Navigate Market Volatility Amid High Trading Volumes and Strategic Moves

Market BriefWednesday, Nov 27, 2024 11:23 pm ET
2min read
1. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.15%, with the trading volume of 30.06B. NVIDIA plans to launch a special edition RTX 5090 graphics card in early 2024. Additionally, company insider, Director Dabiri John, sold 716 shares on November 25, 2024. NVIDIA AI experts predict breakthroughs in healthcare and manufacturing sectors by utilizing untapped data.

2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.58%, with the trading volume of 19.08B. Pony.ai successfully listed on NASDAQ under the ticker "PONY", marking the largest autonomous driving IPO of the year, raising over 3.2 billion yuan.

3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 9.94%, with the trading volume of 13.39B. Microstrategy disclosed five insider transactions on November 25, 2024, with Board Member Graham Stephen X purchasing 20,000 shares on November 21, 2024.

4. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.06%, with the trading volume of 7.86B. Apple is reportedly working on a foldable iPhone, collaborating with manufacturers for production, and planning to launch the ultra-thin iPhone Air, which will feature an eSIM without a physical SIM card tray, showcasing a new design innovation.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.17%, with the trading volume of 7.67B. Microsoft is under a broad antitrust investigation by the FTC, covering cloud computing, software licensing, cybersecurity, and AI products, following extensive interviews with rivals and partners. Additionally, Microsoft denied using Microsoft 365 user data to train AI models.

6. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -1.02%, with the trading volume of 5.59B. Amazon is developing a generative AI model called "Olympus" to analyze images and videos, reducing reliance on Anthropic. The announcement is expected at a tech conference next week. Additionally, Japan's regulatory body is investigating Amazon's subsidiary for potential antitrust issues regarding pricing practices on its Marketplace.

7. Dell Technologies (NYSE: DELL)
Dell Technologies plunged by -12.25%, with the trading volume of 4.69B. Dell Technologies' Q3 revenue and Q4 guidance fell short of expectations, yet analysts remain confident in the company. Q3 revenue rose 10% year-over-year to $24.4 billion, while AI server orders accumulated to $3.6 billion with weak PC sales down 18%.

8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -1.07%, with the trading volume of 4.06B. Advanced Micro Devices (AMD) has secured a patent for glass substrates, aiming for commercial use by 2026, as major players like Intel and Samsung are also venturing into this technology.

9. Coinbase Global (Nasdaq: COIN)
Coinbase Global surged by 6.03%, with the trading volume of 4.06B. Coinbase Global disclosed 34 insider transactions on November 27, with executives selling shares. Oppenheimer maintained an outperform rating for Coinbase Global with a target price of $358.00.

10. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.76%, with the trading volume of 3.99B. Meta CEO Mark Zuckerberg met with Donald Trump at Mar-a-Lago amid ongoing tensions; meanwhile, Meta collaborates with MOONHUB on XR training solutions and continues to see growth in its Threads platform, with an additional 35 million users in November.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.