Tesla and Shopify Steal the Spotlight with Soaring Volumes Amid Market Shifts
Tuesday, Nov 12, 2024 5:31 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla plunged by -6.10%, with the trading volume of 51.12B. Tesla's domestic sales in October exceeded 40,000 units, with the Model Y comprising 90% of sales. Crypto investment boosts Tesla's earnings by nearly $4 billion as Bitcoin surpasses $88,000.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.10%, with the trading volume of 28.88B. Amazon's AWS is negotiating a $4.75 billion AI cloud service agreement with IBM, leveraging NVIDIA GPUs. NVIDIA launched new PC software replacing GeForce Experience, released GeForce Game Ready Driver update supporting new games, and Cyngn utilizes NVIDIA's accelerated computing for advancing industrial autonomous machine vision technology.
3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 4.88%, with the trading volume of 13.57B. Microstrategy reported a trading volume of $133.59 billion on November 12, marking the third highest in the US stock market that day.
4. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.28%, with the trading volume of 9.55B. Meta reduced subscription fees for Facebook and Instagram in the EU, with ValueAct holding $1 billion in Meta shares. To comply with EU regulations, Meta will offer less personalized ads for users in Europe. Meta also showcased its Orion AR glasses prototype interface.
5. Apple (Nasdaq: AAPL)
Apple dipped mildly by 0.00%, with the trading volume of 9.04B. Apple is developing an AI-based smart home device to be launched by March, aiming to compete with Amazon and Google's devices. Additionally, Apple Music's classical app has been updated to support CarPlay, and talks with GoerTek may restore supplier relations for future Apple products.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.20%, with the trading volume of 8.16B. Microsoft partners with the Vatican to create a digital twin of St. Peter's Basilica using AI technology, enabling virtual visits. Additionally, Microsoft is integrating AI features into classic software on Windows 11, promoting AI accessibility and democratization.
7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.02%, with the trading volume of 8.06B. Amazon plans to develop smart glasses for delivery drivers to enhance navigation efficiency. AWS is negotiating a $475 million AI cloud deal with IBM for Nvidia GPUs. Amazon confirmed employee data was leaked via a third-party security incident. A new innovation center opened in Shenzhen.
8. Coinbase Global (Nasdaq: COIN)
Coinbase Global dipped mildly by -1.58%, with the trading volume of 7.76B. Coinbase Global disclosed 15 insider transactions on November 12, 2024, with Director Wilson Frederick R selling 40,000 shares on November 11, 2024.
9. Shopify (NYSE: SHOP)
Shopify surged by 20.28%, with the trading volume of 7.05B. Shopify's Q3 revenue grew 26% to $2.16 billion, surpassing estimates, marking the sixth consecutive quarter of over 25% growth. GMV increased 24% to $69.7 billion. Additionally, Shopify invested in Canadian fintech firm Neo Financial alongside Peter Thiel's venture capital.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -2.52%, with the trading volume of 4.82B. AMD captures 62% of the PC assembly market share in Korea, surpassing Intel in performance and compatibility. The company sees a significant increase in CPU shipments in Q3. Upcoming releases include Zen 6 processors named "Medusa" and 2025 mobile processor Fire Range offering only Ryzen 9.
Tesla plunged by -6.10%, with the trading volume of 51.12B. Tesla's domestic sales in October exceeded 40,000 units, with the Model Y comprising 90% of sales. Crypto investment boosts Tesla's earnings by nearly $4 billion as Bitcoin surpasses $88,000.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.10%, with the trading volume of 28.88B. Amazon's AWS is negotiating a $4.75 billion AI cloud service agreement with IBM, leveraging NVIDIA GPUs. NVIDIA launched new PC software replacing GeForce Experience, released GeForce Game Ready Driver update supporting new games, and Cyngn utilizes NVIDIA's accelerated computing for advancing industrial autonomous machine vision technology.
3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 4.88%, with the trading volume of 13.57B. Microstrategy reported a trading volume of $133.59 billion on November 12, marking the third highest in the US stock market that day.
4. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.28%, with the trading volume of 9.55B. Meta reduced subscription fees for Facebook and Instagram in the EU, with ValueAct holding $1 billion in Meta shares. To comply with EU regulations, Meta will offer less personalized ads for users in Europe. Meta also showcased its Orion AR glasses prototype interface.
5. Apple (Nasdaq: AAPL)
Apple dipped mildly by 0.00%, with the trading volume of 9.04B. Apple is developing an AI-based smart home device to be launched by March, aiming to compete with Amazon and Google's devices. Additionally, Apple Music's classical app has been updated to support CarPlay, and talks with GoerTek may restore supplier relations for future Apple products.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.20%, with the trading volume of 8.16B. Microsoft partners with the Vatican to create a digital twin of St. Peter's Basilica using AI technology, enabling virtual visits. Additionally, Microsoft is integrating AI features into classic software on Windows 11, promoting AI accessibility and democratization.
7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.02%, with the trading volume of 8.06B. Amazon plans to develop smart glasses for delivery drivers to enhance navigation efficiency. AWS is negotiating a $475 million AI cloud deal with IBM for Nvidia GPUs. Amazon confirmed employee data was leaked via a third-party security incident. A new innovation center opened in Shenzhen.
8. Coinbase Global (Nasdaq: COIN)
Coinbase Global dipped mildly by -1.58%, with the trading volume of 7.76B. Coinbase Global disclosed 15 insider transactions on November 12, 2024, with Director Wilson Frederick R selling 40,000 shares on November 11, 2024.
9. Shopify (NYSE: SHOP)
Shopify surged by 20.28%, with the trading volume of 7.05B. Shopify's Q3 revenue grew 26% to $2.16 billion, surpassing estimates, marking the sixth consecutive quarter of over 25% growth. GMV increased 24% to $69.7 billion. Additionally, Shopify invested in Canadian fintech firm Neo Financial alongside Peter Thiel's venture capital.
10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dipped mildly by -2.52%, with the trading volume of 4.82B. AMD captures 62% of the PC assembly market share in Korea, surpassing Intel in performance and compatibility. The company sees a significant increase in CPU shipments in Q3. Upcoming releases include Zen 6 processors named "Medusa" and 2025 mobile processor Fire Range offering only Ryzen 9.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.