Tesla and AMD Lead the Way with Impressive Trading Volume Surges
Monday, Dec 2, 2024 5:31 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.46%, with the trading volume of 27.14B. Tesla reported Q3 2024 revenue of $71.983 billion and net profit of $4.821 billion. Stifel and Roth MKM maintain buy ratings with target prices of $411 and $380, respectively. Tesla China denies Cybertruck sales plans in China.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.28%, with the trading volume of 23.56B. Nvidia has participated in a $7 billion funding round for Nebius alongside Accel Partners LP, facilitating Nebius's AI cloud computing expansion. Additionally, Nvidia CEO is set to meet Thailand's Prime Minister to discuss collaboration and investment.
3. Super Micromputer (Nasdaq: SMCI)
Super Micromputer surged by 28.68%, with the trading volume of 10.50B. Super Micro Computer announced that an independent committee found no evidence of financial misconduct. Subsequently, the company plans to replace CFO David Weigand and has approved new executive hires.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.95%, with the trading volume of 10.15B. UBS reports weak demand for Apple's AI-powered iPhones, with consumer interest low. Additionally, BYD manufactures over 30% of Apple's iPads. Apple's HomeKit smart home robot control feature is delayed until early 2025.
5. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -1.85%, with the trading volume of 8.91B. MicroStrategy has acquired 15,400 bitcoins for approximately $1.5 billion in cash, bringing its total holdings to around 401,000 bitcoins as of December 1.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.78%, with the trading volume of 8.67B. Microsoft warns users about risks of installing Windows 11 on unsupported devices and plans Windows 10 retirement. Edge browser's market share is declining. Michael Saylor suggests Microsoft adopting Bitcoin could potentially boost its market value by $5 trillion.
7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.36%, with the trading volume of 8.32B. Amazon's December 2 sales were $8.105 billion, showing recovery signs. It hosted an AI roadshow with NVIDIA, featuring new AI talent, and launched "Moonshot" to deploy 100,000 AI chips.
8. Meta Platforms (Nasdaq: META)
Meta Platforms gained solidly by 3.22%, with the trading volume of 7.30B. Meta plans to invest approximately $10 billion to build a global undersea fiber optic cable network, enhancing its global infrastructure. Additionally, Meta's Australian division has tightened regulations on advertisements for financial products to curb online financial scams.
9. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 3.56%, with the trading volume of 4.66B. Advanced Micro Devices reported a trading volume of $4.602 billion on December 2, marking a 108.13% increase from the previous day.
10. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 1.50%, with the trading volume of 4.03B. Alphabet's Google is pushing for a bench trial instead of a jury trial in a group of state antitrust lawsuits that accuse it of monopolizing ad technology, arguing the Seventh Amendment’s jury rights do not apply to these antitrust claims.
Tesla gained solidly by 3.46%, with the trading volume of 27.14B. Tesla reported Q3 2024 revenue of $71.983 billion and net profit of $4.821 billion. Stifel and Roth MKM maintain buy ratings with target prices of $411 and $380, respectively. Tesla China denies Cybertruck sales plans in China.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.28%, with the trading volume of 23.56B. Nvidia has participated in a $7 billion funding round for Nebius alongside Accel Partners LP, facilitating Nebius's AI cloud computing expansion. Additionally, Nvidia CEO is set to meet Thailand's Prime Minister to discuss collaboration and investment.
3. Super Micromputer (Nasdaq: SMCI)
Super Micromputer surged by 28.68%, with the trading volume of 10.50B. Super Micro Computer announced that an independent committee found no evidence of financial misconduct. Subsequently, the company plans to replace CFO David Weigand and has approved new executive hires.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.95%, with the trading volume of 10.15B. UBS reports weak demand for Apple's AI-powered iPhones, with consumer interest low. Additionally, BYD manufactures over 30% of Apple's iPads. Apple's HomeKit smart home robot control feature is delayed until early 2025.
5. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -1.85%, with the trading volume of 8.91B. MicroStrategy has acquired 15,400 bitcoins for approximately $1.5 billion in cash, bringing its total holdings to around 401,000 bitcoins as of December 1.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.78%, with the trading volume of 8.67B. Microsoft warns users about risks of installing Windows 11 on unsupported devices and plans Windows 10 retirement. Edge browser's market share is declining. Michael Saylor suggests Microsoft adopting Bitcoin could potentially boost its market value by $5 trillion.
7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.36%, with the trading volume of 8.32B. Amazon's December 2 sales were $8.105 billion, showing recovery signs. It hosted an AI roadshow with NVIDIA, featuring new AI talent, and launched "Moonshot" to deploy 100,000 AI chips.
8. Meta Platforms (Nasdaq: META)
Meta Platforms gained solidly by 3.22%, with the trading volume of 7.30B. Meta plans to invest approximately $10 billion to build a global undersea fiber optic cable network, enhancing its global infrastructure. Additionally, Meta's Australian division has tightened regulations on advertisements for financial products to curb online financial scams.
9. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 3.56%, with the trading volume of 4.66B. Advanced Micro Devices reported a trading volume of $4.602 billion on December 2, marking a 108.13% increase from the previous day.
10. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 1.50%, with the trading volume of 4.03B. Alphabet's Google is pushing for a bench trial instead of a jury trial in a group of state antitrust lawsuits that accuse it of monopolizing ad technology, arguing the Seventh Amendment’s jury rights do not apply to these antitrust claims.
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