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Tesla Electrifies Market with Massive Volume, While Spotify Hits Record Surge!

Market BriefWednesday, Nov 13, 2024 5:31 pm ET
2min read
1. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.53%, with the trading volume of 41.39B. Tesla recalls 2,431 Cybertrucks in the US due to drive inverter issues affecting wheel propulsion. Elon Musk is set to lead the new "government efficiency department" under President-elect Trump. CATL's CEO criticizes Tesla's cylindrical battery approach, advocating large independent energy systems instead.

2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.36%, with the trading volume of 27.00B. NVIDIA, in collaboration with GMO Internet Group and SAKURA Internet, plans to develop a national AI infrastructure network in Japan. NVIDIA and SoftBank are working to create Japan's most powerful AI supercomputer, integrating AI with 5G capabilities.

3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -7.91%, with the trading volume of 16.13B. Microstrategy disclosed nine insider transactions on November 12, 2024. On November 11, 2024, Board Director Rechan Leslie J purchased 20,000 shares, with no stock price or total amount specified.

4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.40%, with the trading volume of 10.91B. Apple expands Apple Pay services by integrating with Chongqing Transit Card, enabling iPhones to function as transit cards. Reports suggest potential expansion of iPhone production in India if Trump wins. iPhone SE 4 is nearing mass production after final testing of its front camera module.

5. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.48%, with the trading volume of 9.82B. Amazon launched a low-cost online store, Amazon Haul, to compete with Shein and Temu, offering products under $20. Jeff Bezos continues to sell Amazon stock, with $2.7 billion sold this month, totaling $4.4 billion since July.

6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.51%, with the trading volume of 8.96B. Microsoft confirms ongoing development of handheld Xbox device, aiming for market launch in a few years. The company plans more acquisitions targeting the Asian market and mobile gaming sector. Windows 10 support ends in 2025; new .NET 9 framework launched. Microsoft introduces Tencent App Store to Windows.

7. Coinbase Global (Nasdaq: COIN)
Coinbase Global plunged by -10.78%, with the trading volume of 8.43B. Coinbase Global disclosed two insider transactions on November 13, 2024, including ALESIA J HAAS selling 20,000 shares on November 11, and 15 insider transactions on November 12, involving board member FREDERICK R WILSON selling 40,000 shares.

8. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.82%, with the trading volume of 6.05B. Meta Platforms will launch ads on its short video platform Threads by early 2025. The company announced it will reduce Facebook and Instagram subscription fees by 40% in the EU and offer less personalized ads to comply with EU regulations. Meta received a $1 billion strategic investment.

9. Spotify Technology S.A. (NYSE: SPOT)
Spotify Technology S.A. surged by 11.43%, with the trading volume of 5.52B. Phillip Securities downgraded Spotify Technology from buy to accumulate with a target price of $485.

10. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained mildly by 1.42%, with the trading volume of 5.29B. Palantir disclosed an insider transaction on November 12, 2024. Director Stat Lauren Elaina Friedman sold 8,860 shares on November 8, 2024.
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