Tech Titans Tumble: Nvidia Leads Volume Spike Amid Market Shifts!
Market BriefWednesday, Jan 29, 2025 11:23 pm ET
2min read1. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -4.10%, with the trading volume of 53.10B. NVIDIA shares fell 4% after the Federal Reserve announced it would keep the federal funds rate unchanged. Norges Bank's CEO stated there is no plan to exit Tesla, and they have no strong opinion on NVIDIA's stock price.
2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -2.26%, with the trading volume of 23.68B. Tesla's Q4 net profit fell 71% to $2.32 billion despite record deliveries in China. The company plans to launch a more affordable model this year. Production costs per vehicle hit an all-time low, while FSD rollout is expected across the U.S. by year-end.
3. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.32%, with the trading volume of 12.53B. Meta Platforms agreed to pay $25 million to settle a lawsuit with former President Trump over the suspension of his account following the January 6 Capitol riot. Meta's Q4 2024 earnings exceeded expectations with $483.85 billion revenue, and a 49% net profit increase. CEO Mark Zuckerberg announced Threads had 320 million monthly active users.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.46%, with the trading volume of 10.76B. Apple announced that the Apple Pay outage issue has been resolved after experiencing disruptions for some users starting January 28. Additionally, Oppenheimer downgraded Apple’s rating from outperform to market perform. Apple's 2024 annual report reveals $391.35 billion in revenue and $93.736 billion in net profit.
5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.09%, with the trading volume of 9.33B. Microsoft's Q2 revenue rose 12% to $696 billion, exceeding expectations. The company's Azure AI services outperformed forecasts despite concerns over cloud growth slowdown. CEO Satya Nadella highlighted DeepSeek's genuine innovations while noting declining AI costs as a trend.
6. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited gained mildly by 0.72%, with the trading volume of 7.37B. Alibaba's "Wishing" event on the 2025 Spring Festival demonstrated its commitment to social value, with a record 7.2 billion wishes shared. Additionally, Alibaba Cloud released the Qwen2.5-Max model, surpassing previous benchmarks like GPT-4o and DeepSeek-V3.
7. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -0.49%, with the trading volume of 6.34B. Broadcom's annual report for fiscal 2024 shows revenue of $51.574 billion and net profit of $5.895 billion as of November 3, 2024. Morgan Stanley maintains an "overweight" rating with a target price of $246.00.
8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.45%, with the trading volume of 6.02B. NVIDIA experienced a robust rebound with a near 9% increase, while other major tech companies like Apple, Microsoft, Meta, and Amazon also saw gains. The broader U.S. market indices rose, with technology stocks leading the surge.
9. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 2.79%, with the trading volume of 4.57B. Susquehanna maintains Advanced Micro Devices' positive rating with a target price of $165.00. Melius Research downgrades it to hold, reducing the target price to $129.00. Advanced Micro Devices' Q3 2024 revenue reached $181.27 billion, with a net profit of $11.59 billion.
10. Starbucks (Nasdaq: SBUX)
Starbucks surged by 8.14%, with the trading volume of 4.28B. Starbucks reported Q1 revenue of $94 billion with net profit of $7.81 billion, exceeding expectations. Analysts upgraded price targets, while Barclays set a target of $124. The company is reducing discounts, and customer loss appears to be stabilizing.
Nvidia dropped solidly by -4.10%, with the trading volume of 53.10B. NVIDIA shares fell 4% after the Federal Reserve announced it would keep the federal funds rate unchanged. Norges Bank's CEO stated there is no plan to exit Tesla, and they have no strong opinion on NVIDIA's stock price.
2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -2.26%, with the trading volume of 23.68B. Tesla's Q4 net profit fell 71% to $2.32 billion despite record deliveries in China. The company plans to launch a more affordable model this year. Production costs per vehicle hit an all-time low, while FSD rollout is expected across the U.S. by year-end.
3. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.32%, with the trading volume of 12.53B. Meta Platforms agreed to pay $25 million to settle a lawsuit with former President Trump over the suspension of his account following the January 6 Capitol riot. Meta's Q4 2024 earnings exceeded expectations with $483.85 billion revenue, and a 49% net profit increase. CEO Mark Zuckerberg announced Threads had 320 million monthly active users.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.46%, with the trading volume of 10.76B. Apple announced that the Apple Pay outage issue has been resolved after experiencing disruptions for some users starting January 28. Additionally, Oppenheimer downgraded Apple’s rating from outperform to market perform. Apple's 2024 annual report reveals $391.35 billion in revenue and $93.736 billion in net profit.
5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.09%, with the trading volume of 9.33B. Microsoft's Q2 revenue rose 12% to $696 billion, exceeding expectations. The company's Azure AI services outperformed forecasts despite concerns over cloud growth slowdown. CEO Satya Nadella highlighted DeepSeek's genuine innovations while noting declining AI costs as a trend.
6. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited gained mildly by 0.72%, with the trading volume of 7.37B. Alibaba's "Wishing" event on the 2025 Spring Festival demonstrated its commitment to social value, with a record 7.2 billion wishes shared. Additionally, Alibaba Cloud released the Qwen2.5-Max model, surpassing previous benchmarks like GPT-4o and DeepSeek-V3.
7. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -0.49%, with the trading volume of 6.34B. Broadcom's annual report for fiscal 2024 shows revenue of $51.574 billion and net profit of $5.895 billion as of November 3, 2024. Morgan Stanley maintains an "overweight" rating with a target price of $246.00.
8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.45%, with the trading volume of 6.02B. NVIDIA experienced a robust rebound with a near 9% increase, while other major tech companies like Apple, Microsoft, Meta, and Amazon also saw gains. The broader U.S. market indices rose, with technology stocks leading the surge.
9. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 2.79%, with the trading volume of 4.57B. Susquehanna maintains Advanced Micro Devices' positive rating with a target price of $165.00. Melius Research downgrades it to hold, reducing the target price to $129.00. Advanced Micro Devices' Q3 2024 revenue reached $181.27 billion, with a net profit of $11.59 billion.
10. Starbucks (Nasdaq: SBUX)
Starbucks surged by 8.14%, with the trading volume of 4.28B. Starbucks reported Q1 revenue of $94 billion with net profit of $7.81 billion, exceeding expectations. Analysts upgraded price targets, while Barclays set a target of $124. The company is reducing discounts, and customer loss appears to be stabilizing.
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