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Tesla Leads High-Volume Decline as Rigetti Computing Surges Amid Market Waves

Market BriefFriday, Dec 27, 2024 11:23 pm ET
2min read
1. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -4.95%, with the trading volume of 35.65B. Pony.ai and other companies received the first licenses as four regions in the Greater Bay Area recognize autonomous driving qualifications.

2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -2.09%, with the trading volume of 23.19B. NVIDIA is set to launch its next-generation RTX 5090 graphics card, featuring a significantly larger PCB size and powerful performance, with a formal unveiling expected at CES on January 6.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -1.32%, with the trading volume of 10.77B. Apple, driven by strong performance, hits record highs in 2023 and may continue to rise in 2025 according to JPMorgan. Meanwhile, due to EU regulations mandating USB-C, the iPhone SE 3 and iPhone 14/Plus have been removed from Apple's online stores in most EU countries.

4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.73%, with the trading volume of 7.76B. Microsoft faces another antitrust investigation and is undergoing layoffs in Shanghai with significant compensation packages. The company recently updated its Microsoft Teams app with new features but encountered user resistance to Copilot due to privacy concerns.

5. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -1.47%, with the trading volume of 7.02B. Broadcom disclosed insider transactions involving Director Tan Hock E on December 24, and Director Bryant Diane M on December 23. It is also targeting competitors like NVIDIA while planning to build millions of XPU clusters by 2027 with three major customers.

6. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -1.45%, with the trading volume of 6.09B. Amazon AWS plans to reduce spending on ZT Systems, which is being acquired by AMD. UMG and Amazon Music have renewed their global licensing agreement, promoting a new era of "Streaming 2.0."

7. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dropped solidly by -3.73%, with the trading volume of 5.26B. Wedbush predicts Palantir Technologies and Salesforce will be early leaders in AI monetization by 2025 as AI spending grows. Despite Palantir's nearly 380% stock surge in 2024, Wall Street analysts express concerns over its high valuation.

8. Rigettimputing (Nasdaq: RGTI)
Rigettimputing surged by 10.62%, with the trading volume of 5.21B. Rigetti Computing reported a significant increase in trading volume to $5.208 billion on December 27, marking an 86.27% rise from the previous day.

9. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.59%, with the trading volume of 4.80B. Meta has disclosed 22 insider transactions as of December 26, 2024, with significant sales by 10%+ shareholder Zuckerberg Mark. Additionally, the company's Ray-Ban Meta smart glasses app is experiencing significant growth, and the new AlphaStar Step-1X-Medium release enhances processing speed and comprehension.

10. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dropped solidly by -3.24%, with the trading volume of 4.54B. MicroStrategy announced a stock offering plan to raise additional funds for purchasing Bitcoin.
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.