Tesla and Broadcom Lead the Charge: Record Trading Volumes Amidst Industry Innovations
Monday, Dec 16, 2024 11:23 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla surged by 6.14%, with the trading volume of 50.32B. Tesla faces widespread issues with its new cars' autonomous driving computers, affecting various functions and straining after-sales service. Tesla also launched a 50GWh battery-grade lithium refinery.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.68%, with the trading volume of 30.80B. NVIDIA is set to release two new RTX 5060/5060 Ti graphics cards with notable performance improvements, including upgraded memory to 8/16 GB GDDR7. However, the company faces overheating issues with its AOS 5x5 DrMOS chips in the GB300/B300 AI servers. Meanwhile, MSTR acquired $1.5 billion in Bitcoin as it joins the Nasdaq 100 Index.
3. Broadcom (Nasdaq: AVGO)
Broadcom surged by 11.21%, with the trading volume of 26.91B. Broadcom's AI-related revenue has surged, prompting Goldman Sachs and Morgan Stanley to raise their target prices to $240 and $233, respectively. The company expects AI-specific chips and Ethernet to significantly grow, with an estimated $600-900 billion market potential by 2027.
4. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -0.04%, with the trading volume of 13.05B. MicroStrategy's trading volume on December 16 totaled $13.098 billion, marking a 51.83% increase from the previous trading day.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.17%, with the trading volume of 12.90B. Apple plans major design changes for iPhone and other products to boost smartphone sales amid market slowdown. Additionally, Apple and Google are reportedly vying to collaborate with MediaTek on modem chips, and Apple is launching in-house 5G baseband with iPhone 16E.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.97%, with the trading volume of 10.44B. Microsoft to launch three new Xbox games in the coming year. Microsoft and XtalPi enter strategic partnership to advance AI and robotics in life sciences. Kingdee partners with Microsoft and AMD, winning the AI Application Ecosystem Outstanding Contribution Award.
7. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -0.42%, with the trading volume of 9.29B. Palantir Technologies has partnered with Red Cat Holdings to integrate its visual navigation and AI technology into Red Cat's Black Widow drones, marking a significant innovation in military drone technology.
8. Alphabet (Nasdaq: GOOGL)
Alphabet gained solidly by 3.60%, with the trading volume of 8.72B. Google announced enhancements to its Imagen 3 text-to-image AI model and launched the Veo 2 video generation model with improved realism. The company also introduced the Whisk AI image tool and is testing its Astra smart glasses with integrated AI and AR technology.
9. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.40%, with the trading volume of 8.66B. Amazon Web Services plans to invest $10 billion in Ohio to expand its data center infrastructure, including technologies for cloud computing, AI, and machine learning. From 2015 through 2030, AWS's total announced investments in Ohio will exceed $23 billion.
10. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.63%, with the trading volume of 6.78B. Mark Zuckerberg, Meta's CEO, sold over $2.2 billion worth of Meta stock this year. Additionally, Meta has updated its Ray-Ban smart glasses with new AI, real-time translation, and Shazam features.
Tesla surged by 6.14%, with the trading volume of 50.32B. Tesla faces widespread issues with its new cars' autonomous driving computers, affecting various functions and straining after-sales service. Tesla also launched a 50GWh battery-grade lithium refinery.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.68%, with the trading volume of 30.80B. NVIDIA is set to release two new RTX 5060/5060 Ti graphics cards with notable performance improvements, including upgraded memory to 8/16 GB GDDR7. However, the company faces overheating issues with its AOS 5x5 DrMOS chips in the GB300/B300 AI servers. Meanwhile, MSTR acquired $1.5 billion in Bitcoin as it joins the Nasdaq 100 Index.
3. Broadcom (Nasdaq: AVGO)
Broadcom surged by 11.21%, with the trading volume of 26.91B. Broadcom's AI-related revenue has surged, prompting Goldman Sachs and Morgan Stanley to raise their target prices to $240 and $233, respectively. The company expects AI-specific chips and Ethernet to significantly grow, with an estimated $600-900 billion market potential by 2027.
4. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -0.04%, with the trading volume of 13.05B. MicroStrategy's trading volume on December 16 totaled $13.098 billion, marking a 51.83% increase from the previous trading day.
5. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.17%, with the trading volume of 12.90B. Apple plans major design changes for iPhone and other products to boost smartphone sales amid market slowdown. Additionally, Apple and Google are reportedly vying to collaborate with MediaTek on modem chips, and Apple is launching in-house 5G baseband with iPhone 16E.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.97%, with the trading volume of 10.44B. Microsoft to launch three new Xbox games in the coming year. Microsoft and XtalPi enter strategic partnership to advance AI and robotics in life sciences. Kingdee partners with Microsoft and AMD, winning the AI Application Ecosystem Outstanding Contribution Award.
7. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -0.42%, with the trading volume of 9.29B. Palantir Technologies has partnered with Red Cat Holdings to integrate its visual navigation and AI technology into Red Cat's Black Widow drones, marking a significant innovation in military drone technology.
8. Alphabet (Nasdaq: GOOGL)
Alphabet gained solidly by 3.60%, with the trading volume of 8.72B. Google announced enhancements to its Imagen 3 text-to-image AI model and launched the Veo 2 video generation model with improved realism. The company also introduced the Whisk AI image tool and is testing its Astra smart glasses with integrated AI and AR technology.
9. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.40%, with the trading volume of 8.66B. Amazon Web Services plans to invest $10 billion in Ohio to expand its data center infrastructure, including technologies for cloud computing, AI, and machine learning. From 2015 through 2030, AWS's total announced investments in Ohio will exceed $23 billion.
10. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.63%, with the trading volume of 6.78B. Mark Zuckerberg, Meta's CEO, sold over $2.2 billion worth of Meta stock this year. Additionally, Meta has updated its Ray-Ban smart glasses with new AI, real-time translation, and Shazam features.
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