Tesla and Nvidia Dominate Trading Volume Amid Market Shifts and Strategic Moves
Friday, Nov 15, 2024 11:23 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.07%, with the trading volume of 36.23B. Tesla CEO Elon Musk met with Iran's UN representative in New York to discuss various issues, including nuclear topics. Additionally, Third Point, led by Dan Loeb, initiated a $105 million position in Tesla during Q3. SGS awarded Tesla's Powerwall 3 a suitability certificate at All Energy Australia 2024.
2. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -3.26%, with the trading volume of 35.32B. Elon Musk's xAI plans to purchase 100,000 Nvidia chips to enhance its Memphis supercomputer cluster with recently raised $60 billion funding. Additionally, Nvidia collaborates with Zhiji Auto and Momenta for developing DRIVE AGX Thor chip production solutions.
3. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -4.19%, with the trading volume of 17.55B. Third Point reduced positions in major tech stocks while building a new stake in Tesla worth approximately $105 million during Q3. Additionally, Amazon is expanding its global selling plan by establishing an office in Hankoubei to better support local merchants.
4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.79%, with the trading volume of 11.73B. Microsoft will continue to launch Xbox consoles, focusing on cross-platform experiences. They plan to end support for mail and calendar apps in 2024, causing dissatisfaction. Microsoft filed a new patent for a foldable phone, potentially the Surface Phone.
5. Apple (Nasdaq: AAPL)
Apple dipped mildly by -1.41%, with the trading volume of 10.63B. Apple faces potential 60% tariffs on non-U.S. iPhone components, adding $256 per unit, according to Jefferies. Morgan Stanley divested from Nvidia and Amazon, making Apple its top holding by the end of Q3 2024.
6. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 11.14%, with the trading volume of 9.84B. Palantir announced plans to shift its listing from the New York Stock Exchange to Nasdaq. Additionally, on November 15, 2024, Company Director Karp Alexander sold 4.5 million shares.
7. Meta Platforms (Nasdaq: META)
Meta Platforms dropped solidly by -4.00%, with the trading volume of 9.82B. Meta opens its first pop-up store in Los Angeles for $299 Ray-Ban smart glasses. The European Commission fined Meta 7.98 billion euros for antitrust violations related to Facebook Marketplace and Meta plans to appeal.
8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 3.96%, with the trading volume of 8.68B. Microstrategy disclosed insider transactions on November 14 and 15, 2024. On November 14, Director Graham Stephen X bought 30,000 shares. On November 14, Executive Shao Wei-Ming purchased 18,000 shares on November 14.
9. Applovin (Nasdaq: APP)
Applovin gained mildly by 2.32%, with the trading volume of 7.06B. AppLovin reported a significant increase in insider trading activities with 25 transactions disclosed on November 14, 2024. The company's strong financial performance includes a 39% revenue growth to $12 billion and a 300% surge in net income for the third quarter.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -2.84%, with the trading volume of 5.95B. AMD surpassed Intel in data center revenue for Q3 2024, driven by its data center accelerator market growth. Additionally, AMD plans a global 4% workforce reduction, impacting around 1,000 employees, with future focus on AI and smart automotive sectors.
Tesla gained solidly by 3.07%, with the trading volume of 36.23B. Tesla CEO Elon Musk met with Iran's UN representative in New York to discuss various issues, including nuclear topics. Additionally, Third Point, led by Dan Loeb, initiated a $105 million position in Tesla during Q3. SGS awarded Tesla's Powerwall 3 a suitability certificate at All Energy Australia 2024.
2. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -3.26%, with the trading volume of 35.32B. Elon Musk's xAI plans to purchase 100,000 Nvidia chips to enhance its Memphis supercomputer cluster with recently raised $60 billion funding. Additionally, Nvidia collaborates with Zhiji Auto and Momenta for developing DRIVE AGX Thor chip production solutions.
3. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -4.19%, with the trading volume of 17.55B. Third Point reduced positions in major tech stocks while building a new stake in Tesla worth approximately $105 million during Q3. Additionally, Amazon is expanding its global selling plan by establishing an office in Hankoubei to better support local merchants.
4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.79%, with the trading volume of 11.73B. Microsoft will continue to launch Xbox consoles, focusing on cross-platform experiences. They plan to end support for mail and calendar apps in 2024, causing dissatisfaction. Microsoft filed a new patent for a foldable phone, potentially the Surface Phone.
5. Apple (Nasdaq: AAPL)
Apple dipped mildly by -1.41%, with the trading volume of 10.63B. Apple faces potential 60% tariffs on non-U.S. iPhone components, adding $256 per unit, according to Jefferies. Morgan Stanley divested from Nvidia and Amazon, making Apple its top holding by the end of Q3 2024.
6. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 11.14%, with the trading volume of 9.84B. Palantir announced plans to shift its listing from the New York Stock Exchange to Nasdaq. Additionally, on November 15, 2024, Company Director Karp Alexander sold 4.5 million shares.
7. Meta Platforms (Nasdaq: META)
Meta Platforms dropped solidly by -4.00%, with the trading volume of 9.82B. Meta opens its first pop-up store in Los Angeles for $299 Ray-Ban smart glasses. The European Commission fined Meta 7.98 billion euros for antitrust violations related to Facebook Marketplace and Meta plans to appeal.
8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 3.96%, with the trading volume of 8.68B. Microstrategy disclosed insider transactions on November 14 and 15, 2024. On November 14, Director Graham Stephen X bought 30,000 shares. On November 14, Executive Shao Wei-Ming purchased 18,000 shares on November 14.
9. Applovin (Nasdaq: APP)
Applovin gained mildly by 2.32%, with the trading volume of 7.06B. AppLovin reported a significant increase in insider trading activities with 25 transactions disclosed on November 14, 2024. The company's strong financial performance includes a 39% revenue growth to $12 billion and a 300% surge in net income for the third quarter.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -2.84%, with the trading volume of 5.95B. AMD surpassed Intel in data center revenue for Q3 2024, driven by its data center accelerator market growth. Additionally, AMD plans a global 4% workforce reduction, impacting around 1,000 employees, with future focus on AI and smart automotive sectors.
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