Tesla Soars Amid $64.13B Volume Spike; Apple and Amazon Dip Slightly

Generated by AI AgentMarket Brief
Friday, Nov 8, 2024 5:31 pm ET1min read
1. Tesla (Nasdaq: TSLA)
Tesla surged by 8.19%, with the trading volume of 64.13B. Tesla's market value returned to $1 trillion amid a price surge and raised concerns from NHTSA over its Full Self-Driving claims. Bank of America maintained a 'buy' rating for Tesla. Akamai Technologies experienced its worst day since 2017, dropping over 14%.

2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.84%, with the trading volume of 25.79B. Tesla's market capitalization reclaimed $1 trillion as it surged over 8%. Meanwhile, Akamai Technologies saw its stock drop over 14%, marking its worst day since 2017. Nvidia's market value surpassed $3.6 trillion, driven by robust stock performance.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.23%, with the trading volume of 8.69B. Apple to release iPhone 17 with 6.3-inch OLED screen and four models, while also launching new Mac and MacBook Pro products.

4. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.89%, with the trading volume of 7.48B. Amazon's Chair, Jeffrey P Bezos, sold $1.23 billion in company stock. Amazon launches its first Asia-Pacific innovation center in Shenzhen to foster cross-border e-commerce growth. Amazon considers an additional multi-billion dollar investment in AI startup Anthropic. Amazon Studios develops a 'Mass Effect' series.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.68%, with the trading volume of 7.11B. Microsoft warns Windows 10 users to upgrade to Windows 11 at their own risk and introduces AI themes in Outlook, allowing users to create unique themes from over 100 curated destinations.

6. Eli Lilly Andmpany (NYSE: LLY)
Eli Lilly Andmpany gained solidly by 4.30%, with the trading volume of 5.71B. Eli Lilly disclosed an insider transaction on November 8, 2024, where executive Zakrowski Donald A sold 900 shares.

7. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.40%, with the trading volume of 5.50B. Meta has announced the open-sourcing of its MobileLLM family of small language models, designed for smartphones. The series now includes models with 600M, 1B, and 1.5B parameter versions. Meta is also seeking to influence Australia's proposed social media regulations.

8. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -0.14%, with the trading volume of 5.06B. Microstrategy experienced a significant trading volume of $6.411 billion on November 7, 2024.

9. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained solidly by 4.55%, with the trading volume of 4.80B. Goldman Sachs maintained its neutral rating on Palantir with a target price of $41.00. Argus Research downgraded Palantir to hold, while Jefferies reduced its rating to underperform with a $28.00 target. DA Davidson kept a neutral rating with a $47.00 target.

10. Coinbase Global (Nasdaq: COIN)
Coinbase Global gained solidly by 5.93%, with the trading volume of 4.55B. Coinbase Global's November 7 trading volume was $4.205 billion, showing a 50.54% decrease from the previous day.

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