Tech Giants Soar with Massive Volumes: Nvidia and Tesla Lead the Rally
Friday, Nov 29, 2024 5:31 pm ET
2min read 1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.15%, with the trading volume of 19.60B. Nvidia gained over 2% amid a broader increase in chip stocks as US indices collectively rose. AI advancements have significantly boosted Nvidia and AMD's earnings, with Citigroup predicting Nvidia's stock may increase by nearly 30% by 2025.
2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.69%, with the trading volume of 12.65B. Tesla's Optimus robot achieved significant progress in dexterity, capable of catching a tennis ball with one hand, showcasing finger flexibility as revealed in a Tesla video update.
3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -0.35%, with the trading volume of 8.79B. Microstrategy reported a trading volume of 8.756 billion dollars on November 29, 2024, which marked a 35.08 percent decrease from the previous day.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.11%, with the trading volume of 6.87B. The U.S. Federal Trade Commission has launched an antitrust investigation into Microsoft Corporation, focusing on its cloud services and software licensing. Microsoft has not yet responded. Additionally, Microsoft's Flight Simulator 2024 has achieved over 99.999% server stability following recent updates.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.02%, with the trading volume of 6.74B. Apple's revenue for fiscal 2024 was $3910.35 billion, with a net profit of $937.36 billion. Wedbush reiterated its "outperform" rating for Apple with a target price of $300.00. Apple's supply chain adjustments face challenges, highlighted by CEO Tim Cook's visit to China.
6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.04%, with the trading volume of 5.15B. Amazon and other major US retailers like Walmart have started Black Friday promotions earlier and extended their duration, anticipating a record-breaking number of shoppers. Additionally, Amazon employees are planning a Black Friday strike, and the company has recognized Avery's RFID solution for quicker checkout processes.
7. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.90%, with the trading volume of 4.09B. Meta plans to close about 200 Quest demo locations at Best Buy stores in the U.S., citing VR's widespread recognition. CEO Mark Zuckerberg has met with Donald Trump to improve their strained relationship as Trump returns to political prominence.
8. Coinbase Global (Nasdaq: COIN)
Coinbase Global dropped solidly by -4.75%, with the trading volume of 2.91B. Coinbase Global disclosed 34 insider transactions on November 27, 2024. Executive Brock Lawrence J sold 15,900 shares on November 26, 2024.
9. Mara Holdings (Nasdaq: MARA)
Mara Holdings gained mildly by 1.86%, with the trading volume of 2.58B. MARA Holdings disclosed an insider transaction on November 27, 2024. Director Leupp Jay sold 11,200 shares on November 25, 2024.
10. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -0.17%, with the trading volume of 2.40B. Google is facing lawsuits from Canada's competition bureau over anti-competitive practices in online advertising and from India regarding alleged discrimination in market access. Additionally, Google is expanding its cloud infrastructure in Finland with a €27 million investment and acquiring land for development.
Nvidia gained mildly by 2.15%, with the trading volume of 19.60B. Nvidia gained over 2% amid a broader increase in chip stocks as US indices collectively rose. AI advancements have significantly boosted Nvidia and AMD's earnings, with Citigroup predicting Nvidia's stock may increase by nearly 30% by 2025.
2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.69%, with the trading volume of 12.65B. Tesla's Optimus robot achieved significant progress in dexterity, capable of catching a tennis ball with one hand, showcasing finger flexibility as revealed in a Tesla video update.
3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -0.35%, with the trading volume of 8.79B. Microstrategy reported a trading volume of 8.756 billion dollars on November 29, 2024, which marked a 35.08 percent decrease from the previous day.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.11%, with the trading volume of 6.87B. The U.S. Federal Trade Commission has launched an antitrust investigation into Microsoft Corporation, focusing on its cloud services and software licensing. Microsoft has not yet responded. Additionally, Microsoft's Flight Simulator 2024 has achieved over 99.999% server stability following recent updates.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.02%, with the trading volume of 6.74B. Apple's revenue for fiscal 2024 was $3910.35 billion, with a net profit of $937.36 billion. Wedbush reiterated its "outperform" rating for Apple with a target price of $300.00. Apple's supply chain adjustments face challenges, highlighted by CEO Tim Cook's visit to China.
6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.04%, with the trading volume of 5.15B. Amazon and other major US retailers like Walmart have started Black Friday promotions earlier and extended their duration, anticipating a record-breaking number of shoppers. Additionally, Amazon employees are planning a Black Friday strike, and the company has recognized Avery's RFID solution for quicker checkout processes.
7. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.90%, with the trading volume of 4.09B. Meta plans to close about 200 Quest demo locations at Best Buy stores in the U.S., citing VR's widespread recognition. CEO Mark Zuckerberg has met with Donald Trump to improve their strained relationship as Trump returns to political prominence.
8. Coinbase Global (Nasdaq: COIN)
Coinbase Global dropped solidly by -4.75%, with the trading volume of 2.91B. Coinbase Global disclosed 34 insider transactions on November 27, 2024. Executive Brock Lawrence J sold 15,900 shares on November 26, 2024.
9. Mara Holdings (Nasdaq: MARA)
Mara Holdings gained mildly by 1.86%, with the trading volume of 2.58B. MARA Holdings disclosed an insider transaction on November 27, 2024. Director Leupp Jay sold 11,200 shares on November 25, 2024.
10. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -0.17%, with the trading volume of 2.40B. Google is facing lawsuits from Canada's competition bureau over anti-competitive practices in online advertising and from India regarding alleged discrimination in market access. Additionally, Google is expanding its cloud infrastructure in Finland with a €27 million investment and acquiring land for development.
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