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Tesla Zooms with Record Volume; Nvidia Faces Slight Dip Amid New GPU Announcement

Market BriefTuesday, Dec 17, 2024 11:23 pm ET
2min read
1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.64%, with the trading volume of 61.16B. Tesla hit new stock highs, prompting increased analyst ratings and target prices. The company may introduce its email service X Mail, and its U.S. lithium refinery is operational. Tesla faces autopilot computer issues affecting operations.

2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.22%, with the trading volume of 32.92B. NVIDIA announced the RTX 5090 GPU at CES 2025 with AI-enhanced features, while revealing RTX 5080's GDDR7 memory performance. NVIDIA's China division dismissed supply disruption rumors, and its hardware will be integrated into Germany's new Blue Lion supercomputer operational by 2027.

3. Broadcom (Nasdaq: AVGO)
Broadcom dropped solidly by -3.91%, with the trading volume of 16.77B. Broadcom's Q4 earnings exceeded expectations, fueled by AI demand, with a projected AI SAM of $600-$900 billion by 2027. The company foresees AI revenue of $12.2 billion for FY24, positioning it to challenge NVIDIA's dominance.

4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.97%, with the trading volume of 12.94B. Apple is facing a criminal lawsuit in the Democratic Republic of Congo over alleged illegal use of conflict minerals. Additionally, changes in macOS 15.2 Sequoia affected third-party backup tools, and Delta emulator was approved for external payment links in the US App Store.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.64%, with the trading volume of 9.94B. Microsoft plans to enhance Windows 11 security by tackling admin permissions abuse, acknowledges ongoing Outlook login errors, and CEO Satya Nadella highlights Google's earnings surpass Microsoft's from Windows operations.

6. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dropped solidly by -5.41%, with the trading volume of 8.50B. MicroStrategy reported a trading volume of $8.605 billion on December 17, 2024, marking a 34.42% decrease compared to the previous trading day.

7. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -0.63%, with the trading volume of 8.33B. Google announces the release of the Veo 2 video generation model, Gemini 2.0, and Trillium TPU, marking advancements in AI. Additionally, Google discloses insider trading activities, launches a new quantum chip Willow, and makes the largest carbon removal deal.

8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.76%, with the trading volume of 8.13B. Luma AI Ray 2 video model partners with Amazon Web Services. Amazon delays employee return-to-office policy due to lack of space. Amazon Web Services launches new data center components to support AI innovation and enhance energy efficiency. Jefferies expects Amazon to be an AI software leader in 2025.

9. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.77%, with the trading volume of 7.65B. Meta has been fined 2.51 billion euros by Ireland's Data Protection Commission due to a data breach affecting 29 million Facebook accounts. Additionally, Meta agreed to pay 50 million AUD to settle the Cambridge Analytica privacy lawsuit with Australian authorities.

10. Unitedhealth Group Incorporated (NYSE: UNH)
Unitedhealth Group Incorporated dipped mildly by -2.60%, with the trading volume of 6.80B. UnitedHealth Group experienced a 3.88% drop, making it one of the major decliners among Dow Jones components, while the index overall continues its longest losing streak since 1978.
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.