Tesla Shines with Massive Volume, Outpaces Apple as Nvidia Eyes AI Expansion
Market BriefFriday, Oct 25, 2024 6:31 pm ET
2min read1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.34%, with the trading volume of 42.66B. Elon Musk confirms Tesla Model 2's launch in the first half of next year. A US appeals court ruled Musk's union-related tweets were not threats. Tesla's Q3 2024 revenue is $71.983 billion, with varied stock ratings from Truist, Guggenheim, and Cantor Fitzgerald.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.81%, with the trading volume of 28.95B. NVIDIA CEO Jensen Huang met Mukesh Ambani at the NVIDIA AI Summit in Mumbai, discussing AI infrastructure investments. NVIDIA and Reliance Group will establish AI infrastructure in India, with NVIDIA's computing power in the country expected to grow 20 times.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.36%, with the trading volume of 8.95B. Apple faces significant non-Pro iPhone 16 production cuts, plans an OLED upgrade for the iPad mini 8, and may release iPhone SE 4 next year. Additionally, NVIDIA surpassed Apple as the most valuable company, and Apple's market presence in China remains strong despite a rating downgrade by KeyBanc.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.81%, with the trading volume of 7.30B. Bernstein maintains Microsoft as "outperform" with a target price of $500. Microsoft's CEO Satya Nadella's 2024 fiscal year total compensation rose 63% to $79.1 million, primarily from stock awards. Microsoft plans to introduce 10 new AI autonomous agents next month.
5. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.96%, with the trading volume of 6.50B. Meta Platforms collaborates with Thomson Reuters to use Reuters content in its AI chatbot for real-time news. Bernstein maintains an outperform rating for Meta, raising the price target to $675. Meta enhances Quest ads, sponsoring Wrexham AFC.
6. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -0.66%, with the trading volume of 5.92B. Microstrategy reported a transaction volume of $5.296 billion on October 24, ranking fifth among all US stocks that day.
7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.78%, with the trading volume of 5.47B. Amazon's grocery executive Hoggett resigned. The company launched the eero Outdoor 7 router and plans extensive AI data center investments, encountering resource challenges. It also intends to close the Amazon Today service, impacting 175 employees, and Needham reiterated a "Buy" rating with a $210 target price.
8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 1.82%, with the trading volume of 4.66B. AMD's trading volume reached $4.657 billion on October 25, ranking eighth in the U.S. stock market that day.
9. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 0.96%, with the trading volume of 3.42B. Broadcom reported a trading value of $3.423 billion on October 25, 2024, ranking ninth in daily trading volume among U.S. stocks.
10. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 1.57%, with the trading volume of 3.20B. Alphabet faces potential legal challenges in the U.S. linked to teen social media addiction. The UK has launched a formal investigation into Google's AI collaboration with Anthropic. Google Photos will begin indicating AI-edited images next week to enhance transparency.
Tesla gained solidly by 3.34%, with the trading volume of 42.66B. Elon Musk confirms Tesla Model 2's launch in the first half of next year. A US appeals court ruled Musk's union-related tweets were not threats. Tesla's Q3 2024 revenue is $71.983 billion, with varied stock ratings from Truist, Guggenheim, and Cantor Fitzgerald.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.81%, with the trading volume of 28.95B. NVIDIA CEO Jensen Huang met Mukesh Ambani at the NVIDIA AI Summit in Mumbai, discussing AI infrastructure investments. NVIDIA and Reliance Group will establish AI infrastructure in India, with NVIDIA's computing power in the country expected to grow 20 times.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.36%, with the trading volume of 8.95B. Apple faces significant non-Pro iPhone 16 production cuts, plans an OLED upgrade for the iPad mini 8, and may release iPhone SE 4 next year. Additionally, NVIDIA surpassed Apple as the most valuable company, and Apple's market presence in China remains strong despite a rating downgrade by KeyBanc.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.81%, with the trading volume of 7.30B. Bernstein maintains Microsoft as "outperform" with a target price of $500. Microsoft's CEO Satya Nadella's 2024 fiscal year total compensation rose 63% to $79.1 million, primarily from stock awards. Microsoft plans to introduce 10 new AI autonomous agents next month.
5. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.96%, with the trading volume of 6.50B. Meta Platforms collaborates with Thomson Reuters to use Reuters content in its AI chatbot for real-time news. Bernstein maintains an outperform rating for Meta, raising the price target to $675. Meta enhances Quest ads, sponsoring Wrexham AFC.
6. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -0.66%, with the trading volume of 5.92B. Microstrategy reported a transaction volume of $5.296 billion on October 24, ranking fifth among all US stocks that day.
7. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.78%, with the trading volume of 5.47B. Amazon's grocery executive Hoggett resigned. The company launched the eero Outdoor 7 router and plans extensive AI data center investments, encountering resource challenges. It also intends to close the Amazon Today service, impacting 175 employees, and Needham reiterated a "Buy" rating with a $210 target price.
8. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 1.82%, with the trading volume of 4.66B. AMD's trading volume reached $4.657 billion on October 25, ranking eighth in the U.S. stock market that day.
9. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 0.96%, with the trading volume of 3.42B. Broadcom reported a trading value of $3.423 billion on October 25, 2024, ranking ninth in daily trading volume among U.S. stocks.
10. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 1.57%, with the trading volume of 3.20B. Alphabet faces potential legal challenges in the U.S. linked to teen social media addiction. The UK has launched a formal investigation into Google's AI collaboration with Anthropic. Google Photos will begin indicating AI-edited images next week to enhance transparency.
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