Tech Titans Tumble: Nvidia and Tesla Lead with Massive Trading Volume Amid Market Downturn
Generated by AI AgentAinvest Market Brief
Monday, Feb 3, 2025 5:31 pm ET1min read
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1. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -2.84%, with the trading volume of 42.69B. Nvidia experienced a significant decline, with its market value shrinking by over $500 billion, marking the largest weekly drop since September 2022. The decline comes amid a broader downturn in major tech stocks.
2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -5.17%, with the trading volume of 35.48B. Tesla CEO Elon Musk is leading a government efficiency advisory committee, established by a January 20 executive order. The committee's primary task is to eliminate underperforming employees.
3. Apple (Nasdaq: AAPL)
Apple dropped solidly by -3.39%, with the trading volume of 16.51B. Apple's iPhone revenue growth offsets shipment decline due to improved product mix, but strategy's effectiveness is waning. Citigroup maintains a buy rating on Apple with a target price of $275. Quarterly earnings report shows $124.3 billion revenue and $36.33 billion net profit.
4. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 1.20%, with the trading volume of 14.85B. Meta's Chief Scientist Yann LeCun criticized a "common disease" in Silicon Valley, describing it as a misplaced sense of superiority where outsiders' innovations are viewed as cheating.
5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.00%, with the trading volume of 10.51B. Nvidia's market value dropped by $552 billion last week. Additionally, Microsoft announced that its cloud service platform has integrated the R1 model developed by the Chinese AI startup Deep Search.
6. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained mildly by 1.51%, with the trading volume of 9.39B. Palantir is set to release its fourth-quarter and full-year 2023 earnings after market close, with analysts forecasting Q4 revenue of $777 million, a 27.7% increase year-over-year, and earnings per share of $0.04.
7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.11%, with the trading volume of 8.78B. Amazon's cloud computing division has integrated China's Deep Exploration Company's R1 AI model into its platform, alongside Microsoft and Nvidia, highlighting ongoing collaboration in artificial intelligence technology.
8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 3.67%, with the trading volume of 6.00B. Microstrategy reported significant trading volume on February 3, reflecting heightened market interest in the company's activities and positioning it as a top performer in the stock market.
9. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -1.37%, with the trading volume of 5.58B. Alphabet Inc. experienced a nearly 2% decline due to the impact of Trump's tariff policies, contributing to a broad sell-off in the tech sector.
10. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -1.60%, with the trading volume of 5.30B. Broadcom Inc. saw a decline in trading volume as major tech stocks weakened, with Broadcom and Apple Inc. both dropping over 2% amid broader market trends.
Nvidia dipped mildly by -2.84%, with the trading volume of 42.69B. Nvidia experienced a significant decline, with its market value shrinking by over $500 billion, marking the largest weekly drop since September 2022. The decline comes amid a broader downturn in major tech stocks.
2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -5.17%, with the trading volume of 35.48B. Tesla CEO Elon Musk is leading a government efficiency advisory committee, established by a January 20 executive order. The committee's primary task is to eliminate underperforming employees.
3. Apple (Nasdaq: AAPL)
Apple dropped solidly by -3.39%, with the trading volume of 16.51B. Apple's iPhone revenue growth offsets shipment decline due to improved product mix, but strategy's effectiveness is waning. Citigroup maintains a buy rating on Apple with a target price of $275. Quarterly earnings report shows $124.3 billion revenue and $36.33 billion net profit.
4. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 1.20%, with the trading volume of 14.85B. Meta's Chief Scientist Yann LeCun criticized a "common disease" in Silicon Valley, describing it as a misplaced sense of superiority where outsiders' innovations are viewed as cheating.
5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.00%, with the trading volume of 10.51B. Nvidia's market value dropped by $552 billion last week. Additionally, Microsoft announced that its cloud service platform has integrated the R1 model developed by the Chinese AI startup Deep Search.
6. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained mildly by 1.51%, with the trading volume of 9.39B. Palantir is set to release its fourth-quarter and full-year 2023 earnings after market close, with analysts forecasting Q4 revenue of $777 million, a 27.7% increase year-over-year, and earnings per share of $0.04.
7. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.11%, with the trading volume of 8.78B. Amazon's cloud computing division has integrated China's Deep Exploration Company's R1 AI model into its platform, alongside Microsoft and Nvidia, highlighting ongoing collaboration in artificial intelligence technology.
8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 3.67%, with the trading volume of 6.00B. Microstrategy reported significant trading volume on February 3, reflecting heightened market interest in the company's activities and positioning it as a top performer in the stock market.
9. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -1.37%, with the trading volume of 5.58B. Alphabet Inc. experienced a nearly 2% decline due to the impact of Trump's tariff policies, contributing to a broad sell-off in the tech sector.
10. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -1.60%, with the trading volume of 5.30B. Broadcom Inc. saw a decline in trading volume as major tech stocks weakened, with Broadcom and Apple Inc. both dropping over 2% amid broader market trends.
Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.
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