Tesla Leads with Massive Trading Volume Amid Legal Woes; Nvidia and Palantir Follow
Generated by AI AgentAinvest Market Brief
Monday, Dec 9, 2024 11:23 pm ET2min read
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1. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.15%, with the trading volume of 37.19B. Tesla Beijing fined $10,000 for violating forex regulations related to stock incentive plans; faces lawsuit in the U.S. over alleged Autopilot safety misrepresentation following a fatal crash. Elon Musk dismisses the need for logos on the Cybertruck, citing distinct design.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -2.55%, with the trading volume of 25.74B. NVIDIA faces an antitrust investigation in China related to a five-year-old acquisition deal, with potential fines up to $7.8 billion. Additionally, NVIDIA's new AI accelerator design incorporates vertical power delivery and 3D stacked DRAM.
3. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dropped solidly by -5.08%, with the trading volume of 12.54B. Palantir Technologies secured a new contract with the US Special Operations Command to provide advanced AI and task management features, valued at $36.8 million annually.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.61%, with the trading volume of 10.73B. Apple plans to release iPad 11 in spring with three major features. The new HomePod uses a domestic OLED screen. Apple iPhone SE 4 lacks an ultra-wide camera lens. Apple VR headset sales underperform. Apple iPad to fully adopt OLED screens.
5. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.41%, with the trading volume of 10.64B. Amazon collaborates with Intuit to integrate QuickBooks into Amazon Seller Central by mid-2025, enhancing accounting services for millions of third-party sellers. Additionally, Amazon introduces AI-powered brand name generation to optimize international ecommerce strategies.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.55%, with the trading volume of 8.51B. Microsoft announced the preview of Copilot Vision AI, an enhancement for Edge browser, aimed at improving web browsing through AI. Additionally, the U.S. conditionally approved Microsoft's AI chip supply to G42. Google reported a strong profit increase, with AI enhancing its business operations.
7. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -7.51%, with the trading volume of 8.43B. Microstrategy's trading volume on December 9, 2024, reached $85.10 billion, marking it as the seventh highest in the US stock market that day.
8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dropped solidly by -5.57%, with the trading volume of 7.50B. B of A Securities downgraded Advanced Micro Devices' rating from buy to neutral, with a revised target price of $155 from $180.
9. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.64%, with the trading volume of 7.01B. Meta Platforms announced a $100 billion investment in its largest data center in Louisiana, to support its AI initiatives. Additionally, Meta introduced "Metamate," an internal productivity tool based on the Llama language model, targeting enterprise AI applications.
10. Applovin (Nasdaq: APP)
Applovin plunged by -14.69%, with the trading volume of 5.66B. Citic Securities reports a significant rise in overseas AI application focus since November, with notable third-quarter earnings for AI companies. AI's current applications are primarily in B2B environments, particularly in advertising, agents, and data, indicating short-term performance potential.
Tesla gained mildly by 0.15%, with the trading volume of 37.19B. Tesla Beijing fined $10,000 for violating forex regulations related to stock incentive plans; faces lawsuit in the U.S. over alleged Autopilot safety misrepresentation following a fatal crash. Elon Musk dismisses the need for logos on the Cybertruck, citing distinct design.
2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -2.55%, with the trading volume of 25.74B. NVIDIA faces an antitrust investigation in China related to a five-year-old acquisition deal, with potential fines up to $7.8 billion. Additionally, NVIDIA's new AI accelerator design incorporates vertical power delivery and 3D stacked DRAM.
3. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dropped solidly by -5.08%, with the trading volume of 12.54B. Palantir Technologies secured a new contract with the US Special Operations Command to provide advanced AI and task management features, valued at $36.8 million annually.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.61%, with the trading volume of 10.73B. Apple plans to release iPad 11 in spring with three major features. The new HomePod uses a domestic OLED screen. Apple iPhone SE 4 lacks an ultra-wide camera lens. Apple VR headset sales underperform. Apple iPad to fully adopt OLED screens.
5. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.41%, with the trading volume of 10.64B. Amazon collaborates with Intuit to integrate QuickBooks into Amazon Seller Central by mid-2025, enhancing accounting services for millions of third-party sellers. Additionally, Amazon introduces AI-powered brand name generation to optimize international ecommerce strategies.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.55%, with the trading volume of 8.51B. Microsoft announced the preview of Copilot Vision AI, an enhancement for Edge browser, aimed at improving web browsing through AI. Additionally, the U.S. conditionally approved Microsoft's AI chip supply to G42. Google reported a strong profit increase, with AI enhancing its business operations.
7. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -7.51%, with the trading volume of 8.43B. Microstrategy's trading volume on December 9, 2024, reached $85.10 billion, marking it as the seventh highest in the US stock market that day.
8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dropped solidly by -5.57%, with the trading volume of 7.50B. B of A Securities downgraded Advanced Micro Devices' rating from buy to neutral, with a revised target price of $155 from $180.
9. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.64%, with the trading volume of 7.01B. Meta Platforms announced a $100 billion investment in its largest data center in Louisiana, to support its AI initiatives. Additionally, Meta introduced "Metamate," an internal productivity tool based on the Llama language model, targeting enterprise AI applications.
10. Applovin (Nasdaq: APP)
Applovin plunged by -14.69%, with the trading volume of 5.66B. Citic Securities reports a significant rise in overseas AI application focus since November, with notable third-quarter earnings for AI companies. AI's current applications are primarily in B2B environments, particularly in advertising, agents, and data, indicating short-term performance potential.
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