Tesla and Nvidia Dominate Trading Volumes Amid Major AI and Autonomous Driving Developments
Friday, Nov 15, 2024 5:31 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.07%, with the trading volume of 36.23B. Elon Musk's AI company xAI raised up to $60 billion, with $50 billion from Middle Eastern sovereign funds, to purchase 100,000 Nvidia chips for enhancing the Memphis cloud cluster. Additionally, Tesla's fully autonomous driving is expected to rely on the new Memphis supercomputer.
2. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -3.26%, with the trading volume of 35.32B. NVIDIA, with projected revenue of $560.84 billion and net income of $314.80 billion for fiscal year 2025, is set to collaborate with IM Motors and Momenta to develop DRIVE AGX Thor chip solutions. xAI plans to purchase 100,000 NVIDIA chips for its supercomputing infrastructure.
3. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -4.19%, with the trading volume of 17.55B. Amazon plans to establish a global selling office in Hankoubei to better serve local merchants. Additionally, Morgan Stanley reduced its holdings in Amazon in Q3.
4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.79%, with the trading volume of 11.73B. Microsoft's new patent for a potential "Surface Phone" with a foldable screen has been approved by the USPTO. Additionally, hackers are exploiting an old vulnerability in Microsoft Office to spread malware. Goldman Sachs reduced its stake in Microsoft in Q3 2024.
5. Apple (Nasdaq: AAPL)
Apple dipped mildly by -1.41%, with the trading volume of 10.63B. Jefferies analysts report Apple iPhone could face US tariff impacts up to $256 per phone. Hillhouse liquidated Apple holdings in Q3. Morgan Stanley's Q3 filings show Apple as its top holding. Apple facing legal action in the UK.
6. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 11.20%, with the trading volume of 9.84B. Palantir Technologies achieved a record closing high after rising over 11%, driven by anticipation of its inclusion in the Nasdaq. Despite concerns over valuation and revenue growth sustainability, Palantir's substantial performance continues to defy skeptics.
7. Meta Platforms (Nasdaq: META)
Meta Platforms dropped solidly by -4.00%, with the trading volume of 9.82B. Meta opened a Ray-Ban smart glasses pop-up store in Los Angeles, offering second-generation glasses for $299. The European Commission fined Meta 7.98 billion euros for antitrust violations related to Facebook Marketplace, which Meta plans to appeal.
8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 3.96%, with the trading volume of 8.68B. Microstrategy reported five insider transactions on November 14, 2024. On November 13, 2024, Director Graham Stephen X purchased 30,000 shares.
9. Applovin (Nasdaq: APP)
Applovin gained mildly by 2.32%, with the trading volume of 7.06B. AppLovin, labeled as an "AI superstar," saw its revenue soar to $12 billion in Q3 2024, marking a 39% increase, while net income surged by 300% to $4.34 billion. Additionally, insider transactions include Jansen Katie Kihorany selling 21,400 shares on November 13, 2024.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -2.84%, with the trading volume of 5.95B. AMD surpasses Intel in data center revenue for the first time in Q3 2024, according to TechInsights, attributed to its success in data center accelerators. AMD plans to cut 4% of its global workforce, impacting around 1,000 employees, with a focus on AI and smart vehicles.
Tesla gained solidly by 3.07%, with the trading volume of 36.23B. Elon Musk's AI company xAI raised up to $60 billion, with $50 billion from Middle Eastern sovereign funds, to purchase 100,000 Nvidia chips for enhancing the Memphis cloud cluster. Additionally, Tesla's fully autonomous driving is expected to rely on the new Memphis supercomputer.
2. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -3.26%, with the trading volume of 35.32B. NVIDIA, with projected revenue of $560.84 billion and net income of $314.80 billion for fiscal year 2025, is set to collaborate with IM Motors and Momenta to develop DRIVE AGX Thor chip solutions. xAI plans to purchase 100,000 NVIDIA chips for its supercomputing infrastructure.
3. Amazon (Nasdaq: AMZN)
Amazon.Com dropped solidly by -4.19%, with the trading volume of 17.55B. Amazon plans to establish a global selling office in Hankoubei to better serve local merchants. Additionally, Morgan Stanley reduced its holdings in Amazon in Q3.
4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.79%, with the trading volume of 11.73B. Microsoft's new patent for a potential "Surface Phone" with a foldable screen has been approved by the USPTO. Additionally, hackers are exploiting an old vulnerability in Microsoft Office to spread malware. Goldman Sachs reduced its stake in Microsoft in Q3 2024.
5. Apple (Nasdaq: AAPL)
Apple dipped mildly by -1.41%, with the trading volume of 10.63B. Jefferies analysts report Apple iPhone could face US tariff impacts up to $256 per phone. Hillhouse liquidated Apple holdings in Q3. Morgan Stanley's Q3 filings show Apple as its top holding. Apple facing legal action in the UK.
6. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 11.20%, with the trading volume of 9.84B. Palantir Technologies achieved a record closing high after rising over 11%, driven by anticipation of its inclusion in the Nasdaq. Despite concerns over valuation and revenue growth sustainability, Palantir's substantial performance continues to defy skeptics.
7. Meta Platforms (Nasdaq: META)
Meta Platforms dropped solidly by -4.00%, with the trading volume of 9.82B. Meta opened a Ray-Ban smart glasses pop-up store in Los Angeles, offering second-generation glasses for $299. The European Commission fined Meta 7.98 billion euros for antitrust violations related to Facebook Marketplace, which Meta plans to appeal.
8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 3.96%, with the trading volume of 8.68B. Microstrategy reported five insider transactions on November 14, 2024. On November 13, 2024, Director Graham Stephen X purchased 30,000 shares.
9. Applovin (Nasdaq: APP)
Applovin gained mildly by 2.32%, with the trading volume of 7.06B. AppLovin, labeled as an "AI superstar," saw its revenue soar to $12 billion in Q3 2024, marking a 39% increase, while net income surged by 300% to $4.34 billion. Additionally, insider transactions include Jansen Katie Kihorany selling 21,400 shares on November 13, 2024.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -2.84%, with the trading volume of 5.95B. AMD surpasses Intel in data center revenue for the first time in Q3 2024, according to TechInsights, attributed to its success in data center accelerators. AMD plans to cut 4% of its global workforce, impacting around 1,000 employees, with a focus on AI and smart vehicles.
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