Tesla Tops Trading Volume with a Surge as Nvidia Eyes Major AI Expansion

1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.23%, with the trading volume of 29.85B. Tesla's appeal in Musk's compensation case is expected to succeed, with Bank of America raising the target price to $400 due to optimism on new models and Optimus. However, Cybertruck production faces battery issues, limiting progress, while Cybercab's design vastly improves structural efficiency.

2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.06%, with the trading volume of 24.94B. Nvidia and Italian startup iGenius plan to build one of the world's largest AI data centers, Colosseum, in Southern Italy by mid-2025. Additionally, Nvidia will have its Blackwell GPU produced at TSMC's US plant next year and establish an AI center in Vietnam.

3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dropped solidly by -4.83%, with the trading volume of 18.48B. Microstrategy reported a significant increase in trading volume, with a December 5 total of $18.675 billion, marking a notable day in the US stock market.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.19%, with the trading volume of 9.56B. Microsoft announced the preview release of Copilot Vision AI for Copilot Pro users in the US, partnered with Hexagon on a new AI automation system, and collaborated with PTC and Volkswagen Group on generative AI for software development.

5. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.01%, with the trading volume of 9.08B. Apple and Huawei lead in China's high-end smartphone market; Apple holds 52% market share despite a 5% decline, while Huawei gains 34%. Additionally, Apple plans a $1 billion investment in an Indonesian component factory and collaborates with Porsche on automotive design.

6. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.10%, with the trading volume of 8.94B. Amazon has ceased development on AI inference chip Inferentia, focusing on Trainium chips for AI model training to better compete with NVIDIA. Over 50% of its new computing power comes from in-house chips. Amazon Web Services introduced 100+ new models on Amazon Bedrock.

7. Coinbase Global (Nasdaq: COIN)
Coinbase Global dropped solidly by -3.13%, with the trading volume of 6.52B. Coinbase Global disclosed 10 insider transactions on December 4, 2024, with executive Grewal Paul selling 1,640 shares on December 2.

8. Uber Technologies (NYSE: UBER)
Uber Technologies plunged by -9.60%, with the trading volume of 5.13B. JMP Securities reaffirmed Uber's "outperform" rating with a target price of $95. Uber's Q3 2024 earnings reported revenue of $32.019 billion, up 17.09% year-over-year, with a net profit of $29.

9. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.79%, with the trading volume of 4.92B. Meta Platforms is outsourcing mixed reality headset design to Goertek and shifting half of Quest production to Vietnam. Meta is also collaborating with James Cameron's tech firm, Lightstorm Vision, to enhance 3D entertainment, and investing $10 billion in a large AI data center in Louisiana.

10. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained mildly by 2.89%, with the trading volume of 4.75B. Palantir Technologies and Shield AI have signed a strategic partnership to develop AI-driven autonomous flying systems, sharing crucial proprietary software. Additionally, Palantir received FedRAMP High Authorization for its cloud services.