Tesla and Nvidia Lead High-Volume Trading Amid Tech Innovations and Market Moves
Thursday, Dec 12, 2024 11:23 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.57%, with the trading volume of 36.64B. Tesla China launched the Actually Smart Summon function, allowing EAP and FSD-enabled vehicles to autonomously navigate from parking spots to the owner's location via the Tesla app.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.41%, with the trading volume of 21.39B. NVIDIA has clarified that recent rumors of halting supplies to China are false, affirming China as an important market. NVIDIA is also expanding its Chinese workforce to 4000, focusing on advancing autonomous driving technology.
3. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.13%, with the trading volume of 9.36B. Microsoft reintroduces Recall in Windows 11 preview, promising encrypted screenshots and default filters to block sensitive data capture. Additionally, Microsoft Edge is testing a “Scareware Blocker” to prevent online scams, and introduces iOS data sharing tools for file transfer from iPhone to Windows 11.
4. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dropped solidly by -4.67%, with the trading volume of 8.37B. Bernstein reaffirms Microstrategy's outperform rating with a $600 price target. Microstrategy reported Q3 2024 revenue of $343 million as of September 30, 2024.
5. Adobe (Nasdaq: ADBE)
Adobe plunged by -13.69%, with the trading volume of 8.35B. Adobe reported annual revenue of $215.05 billion and net profit of $55.60 billion, with UBS rating it neutral, Jefferies as a buy, and BMO Capital as outperform. Concerns arise as Adobe's 2025 guidance falls short, heightening AI competition worries.
6. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.60%, with the trading volume of 8.05B. Apple plans to switch Mac Pro to M4 Ultra chips with up to 512GB RAM in late 2025. The company is also developing in-house Bluetooth and Wi-Fi chips for the 2025 iPhone 17 series to reduce Broadcom dependency.
7. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -1.39%, with the trading volume of 7.11B. Broadcom reported a 200% increase in AI revenue, anticipating robust future growth due to strong AI chip demand. The company's fourth-quarter revenue grew 51% to $140.5 billion, with expectations of further expansion in collaboration with Apple on AI chips using TSMC's advanced technology.
8. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -1.76%, with the trading volume of 6.58B. Google has introduced a new operating system, Android XR, co-developed with Samsung, offering voice, motion control, and eye-tracking support. This marks Google's renewed effort in augmented reality, leveraging AI and AR/VR technology experience.
9. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.56%, with the trading volume of 6.41B. Amazon delayed offering Microsoft 365 Office tools to employees by a year after discovering a security breach. CEO CJ Moses anticipates rollout next year. Additionally, Amazon plans a $1 million donation to Trump's inauguration fund, and founder Jeff Bezos will meet with Trump.
10. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained mildly by 0.95%, with the trading volume of 5.39B. Baird initiated coverage on Palantir with a neutral rating and a target price of $70. Palantir reported Q3 2024 revenue of $20.38 billion. On December 10, insider Lauren Elaina Friedman sold 10,700 shares.
Tesla dipped mildly by -1.57%, with the trading volume of 36.64B. Tesla China launched the Actually Smart Summon function, allowing EAP and FSD-enabled vehicles to autonomously navigate from parking spots to the owner's location via the Tesla app.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.41%, with the trading volume of 21.39B. NVIDIA has clarified that recent rumors of halting supplies to China are false, affirming China as an important market. NVIDIA is also expanding its Chinese workforce to 4000, focusing on advancing autonomous driving technology.
3. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.13%, with the trading volume of 9.36B. Microsoft reintroduces Recall in Windows 11 preview, promising encrypted screenshots and default filters to block sensitive data capture. Additionally, Microsoft Edge is testing a “Scareware Blocker” to prevent online scams, and introduces iOS data sharing tools for file transfer from iPhone to Windows 11.
4. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dropped solidly by -4.67%, with the trading volume of 8.37B. Bernstein reaffirms Microstrategy's outperform rating with a $600 price target. Microstrategy reported Q3 2024 revenue of $343 million as of September 30, 2024.
5. Adobe (Nasdaq: ADBE)
Adobe plunged by -13.69%, with the trading volume of 8.35B. Adobe reported annual revenue of $215.05 billion and net profit of $55.60 billion, with UBS rating it neutral, Jefferies as a buy, and BMO Capital as outperform. Concerns arise as Adobe's 2025 guidance falls short, heightening AI competition worries.
6. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.60%, with the trading volume of 8.05B. Apple plans to switch Mac Pro to M4 Ultra chips with up to 512GB RAM in late 2025. The company is also developing in-house Bluetooth and Wi-Fi chips for the 2025 iPhone 17 series to reduce Broadcom dependency.
7. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -1.39%, with the trading volume of 7.11B. Broadcom reported a 200% increase in AI revenue, anticipating robust future growth due to strong AI chip demand. The company's fourth-quarter revenue grew 51% to $140.5 billion, with expectations of further expansion in collaboration with Apple on AI chips using TSMC's advanced technology.
8. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -1.76%, with the trading volume of 6.58B. Google has introduced a new operating system, Android XR, co-developed with Samsung, offering voice, motion control, and eye-tracking support. This marks Google's renewed effort in augmented reality, leveraging AI and AR/VR technology experience.
9. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.56%, with the trading volume of 6.41B. Amazon delayed offering Microsoft 365 Office tools to employees by a year after discovering a security breach. CEO CJ Moses anticipates rollout next year. Additionally, Amazon plans a $1 million donation to Trump's inauguration fund, and founder Jeff Bezos will meet with Trump.
10. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained mildly by 0.95%, with the trading volume of 5.39B. Baird initiated coverage on Palantir with a neutral rating and a target price of $70. Palantir reported Q3 2024 revenue of $20.38 billion. On December 10, insider Lauren Elaina Friedman sold 10,700 shares.
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