Tesla Skyrockets with Record Volume Fueled by Model 2 Buzz!
Thursday, Oct 24, 2024 6:31 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla surged by 21.92%, with the trading volume of 51.17B. Tesla plans to launch a lower-priced Model 2 next year. The company's Q3 2024 earnings report showed $251.82 billion in revenue, up 8%, with net profit at $21.67 billion, and gross margin rising to 19.8%, despite a challenging automotive industry environment.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.61%, with the trading volume of 23.99B. NVIDIA announced a near 20-fold increase in computing capabilities in India at the India AI Summit. It is launching a lightweight AI model in Hindi and establishing partnerships with major Indian companies like Reliance Industries, emphasizing India's importance to its AI strategy.
3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.08%, with the trading volume of 6.88B. Apple plans to introduce updates to its Mac line next week, according to marketing chief Greg Joswiak. In response to EU regulations, iOS 18.2 will allow third-party browsers to add web apps without WebKit. Apple also engages in equipment transactions with Foxconn for iPhone 16 production in India.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.03%, with the trading volume of 5.75B. Microsoft CEO Satya Nadella's 2024 total compensation rises to $79.1 million from $48.5 million in 2023. EU privacy regulators fined LinkedIn 310 million euros. Microsoft Office supports Apple's Handoff feature, enhancing cross-device functionality. Microsoft Teams launched Queues to improve customer service efficiency.
5. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 10.26%, with the trading volume of 5.25B. Microstrategy reported a significant trading day on October 24, with a transaction value of $5.25 billion, indicating substantial market activity.
6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.90%, with the trading volume of 4.01B. Amazon plans to close Amazon Today, affecting 175 employees. Needham reiterated its Buy rating with a target price of $210. Amazon explores a low-cost store model in the US, influenced by Shein and Temu, offering products under $20.
7. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.73%, with the trading volume of 3.95B. Meta has banned celebrity private jet tracking accounts, drawing attention from Elon Musk. They are recruiting VR headset users for eye and face tracking tests, and have committed to reducing Quest's Bluetooth audio latency via software updates. Meta also introduced new VR/MR prototypes with a 210-degree FOV.
8. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -0.04%, with the trading volume of 3.56B. Alphabet Inc.'s Google agreed to hand over AI documents to the US Department of Justice following an antitrust ruling. The UK launched an investigation into Google's partnership with Anthropic. Google also disclosed details about its Tensor G5 chip and plans to extend Android phone updates.
9. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.35%, with the trading volume of 3.50B. Advanced Micro Devices reported a trading value of $3.504 billion on October 24, ranking 9th in the U.S. stock market that day. Tesla's Q3 revenue of $25.18 billion missed expectations.
10. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -1.25%, with the trading volume of 3.44B. Broadcom's trading volume reached $3.438 billion on October 24, 2024, ranking 10th in the US market activity for that day.
Tesla surged by 21.92%, with the trading volume of 51.17B. Tesla plans to launch a lower-priced Model 2 next year. The company's Q3 2024 earnings report showed $251.82 billion in revenue, up 8%, with net profit at $21.67 billion, and gross margin rising to 19.8%, despite a challenging automotive industry environment.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.61%, with the trading volume of 23.99B. NVIDIA announced a near 20-fold increase in computing capabilities in India at the India AI Summit. It is launching a lightweight AI model in Hindi and establishing partnerships with major Indian companies like Reliance Industries, emphasizing India's importance to its AI strategy.
3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.08%, with the trading volume of 6.88B. Apple plans to introduce updates to its Mac line next week, according to marketing chief Greg Joswiak. In response to EU regulations, iOS 18.2 will allow third-party browsers to add web apps without WebKit. Apple also engages in equipment transactions with Foxconn for iPhone 16 production in India.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.03%, with the trading volume of 5.75B. Microsoft CEO Satya Nadella's 2024 total compensation rises to $79.1 million from $48.5 million in 2023. EU privacy regulators fined LinkedIn 310 million euros. Microsoft Office supports Apple's Handoff feature, enhancing cross-device functionality. Microsoft Teams launched Queues to improve customer service efficiency.
5. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 10.26%, with the trading volume of 5.25B. Microstrategy reported a significant trading day on October 24, with a transaction value of $5.25 billion, indicating substantial market activity.
6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.90%, with the trading volume of 4.01B. Amazon plans to close Amazon Today, affecting 175 employees. Needham reiterated its Buy rating with a target price of $210. Amazon explores a low-cost store model in the US, influenced by Shein and Temu, offering products under $20.
7. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.73%, with the trading volume of 3.95B. Meta has banned celebrity private jet tracking accounts, drawing attention from Elon Musk. They are recruiting VR headset users for eye and face tracking tests, and have committed to reducing Quest's Bluetooth audio latency via software updates. Meta also introduced new VR/MR prototypes with a 210-degree FOV.
8. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -0.04%, with the trading volume of 3.56B. Alphabet Inc.'s Google agreed to hand over AI documents to the US Department of Justice following an antitrust ruling. The UK launched an investigation into Google's partnership with Anthropic. Google also disclosed details about its Tensor G5 chip and plans to extend Android phone updates.
9. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.35%, with the trading volume of 3.50B. Advanced Micro Devices reported a trading value of $3.504 billion on October 24, ranking 9th in the U.S. stock market that day. Tesla's Q3 revenue of $25.18 billion missed expectations.
10. Broadcom (Nasdaq: AVGO)
Broadcom dipped mildly by -1.25%, with the trading volume of 3.44B. Broadcom's trading volume reached $3.438 billion on October 24, 2024, ranking 10th in the US market activity for that day.
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.
_f34cf3fb1747264156535.jpg)
_2d0db4981747252747617.jpeg)
