Teslas Recall Sparks Massive Volume Surge as Microstrategy Soars with Record Gains
Friday, Dec 20, 2024 11:23 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.46%, with the trading volume of 55.71B. Tesla recalls nearly 700,000 vehicles, including some 2024 Cybertruck and 2017-2025 Model 3, due to an issue with the tire pressure monitoring system warning light, according to the National Highway Traffic Safety Administration.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.08%, with the trading volume of 39.44B. Nvidia received unconditional approval from the EU for its acquisition of AI startup Run:ai, which will integrate resources into Nvidia DGX Cloud. The US has asked Nvidia to investigate chip flows into China. No specific acquisition amount was disclosed.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.88%, with the trading volume of 31.80B. The EU has mandated Apple to stop selling iPhone 14 and SE models in Europe due to the absence of USB-C. Apple is also under pressure to open its iOS system for better compatibility with third-party devices. Additionally, Apple seeks Chinese AI partners for potential iPhone feature updates.
4. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 1.13%, with the trading volume of 29.07B. Broadcom's revenue reached $51.57 billion with a net profit of $5.895 billion for the fiscal year ending November 3, 2024. Morgan Stanley maintains an overweight rating for Broadcom with a target price of $265. SK Hynix reportedly secured a large AI computing chip order from Broadcom.
5. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.73%, with the trading volume of 28.39B. Meta leads the VR/MR market with its Quest device amid a debate with Apple over interoperability, under EU scrutiny. The company also partnered with universities to advance AI models, and collaborated with Jane Fonda on VR fitness.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.10%, with the trading volume of 23.64B. Microsoft faced speculation after releasing an Xbox ad and confirmed unexpected Xbox releases next year. Their Office software experienced unusual issues. CEO Satya Nadella remarked on Google's earnings from Windows, highlighting competition concerns.
7. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 8.54%, with the trading volume of 22.04B. Benchmark maintains a buy rating for Palantir with a target price of $8. UBS initiated coverage with a neutral rating and a target price of $80. Palantir reported Q3 2024 revenue of $20.38 billion, a 26.06% year-over-year increase.
8. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.73%, with the trading volume of 19.48B. Amazon's Staten Island JFK8 warehouse workers join a strike organized by Teamsters. Tigress Financial maintains a buy rating with a $290 target, while JPMorgan raises their target price to $280. Amazon has also opened a new same-day delivery center in the US.
9. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 11.56%, with the trading volume of 15.68B. Microstrategy reported a trading volume increase of 74.53% compared to the previous day, reaching $15.833 billion on December 20, 2024.
10. Apollo Global Management (NYSE: APO)
Apollo Global Management gained mildly by 0.82%, with the trading volume of 15.62B. Apollo Global Management's ratings were upheld by Keefe, Bruyette & Woods, BMO Capital, and Piper Sandler, with target prices of $196.00, $186.00, and $202.00, respectively. The company reported Q3 2024 revenue of $208.31 billion, a 3.5% year-over-year decrease.
Tesla dropped solidly by -3.46%, with the trading volume of 55.71B. Tesla recalls nearly 700,000 vehicles, including some 2024 Cybertruck and 2017-2025 Model 3, due to an issue with the tire pressure monitoring system warning light, according to the National Highway Traffic Safety Administration.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.08%, with the trading volume of 39.44B. Nvidia received unconditional approval from the EU for its acquisition of AI startup Run:ai, which will integrate resources into Nvidia DGX Cloud. The US has asked Nvidia to investigate chip flows into China. No specific acquisition amount was disclosed.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.88%, with the trading volume of 31.80B. The EU has mandated Apple to stop selling iPhone 14 and SE models in Europe due to the absence of USB-C. Apple is also under pressure to open its iOS system for better compatibility with third-party devices. Additionally, Apple seeks Chinese AI partners for potential iPhone feature updates.
4. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 1.13%, with the trading volume of 29.07B. Broadcom's revenue reached $51.57 billion with a net profit of $5.895 billion for the fiscal year ending November 3, 2024. Morgan Stanley maintains an overweight rating for Broadcom with a target price of $265. SK Hynix reportedly secured a large AI computing chip order from Broadcom.
5. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.73%, with the trading volume of 28.39B. Meta leads the VR/MR market with its Quest device amid a debate with Apple over interoperability, under EU scrutiny. The company also partnered with universities to advance AI models, and collaborated with Jane Fonda on VR fitness.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.10%, with the trading volume of 23.64B. Microsoft faced speculation after releasing an Xbox ad and confirmed unexpected Xbox releases next year. Their Office software experienced unusual issues. CEO Satya Nadella remarked on Google's earnings from Windows, highlighting competition concerns.
7. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 8.54%, with the trading volume of 22.04B. Benchmark maintains a buy rating for Palantir with a target price of $8. UBS initiated coverage with a neutral rating and a target price of $80. Palantir reported Q3 2024 revenue of $20.38 billion, a 26.06% year-over-year increase.
8. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.73%, with the trading volume of 19.48B. Amazon's Staten Island JFK8 warehouse workers join a strike organized by Teamsters. Tigress Financial maintains a buy rating with a $290 target, while JPMorgan raises their target price to $280. Amazon has also opened a new same-day delivery center in the US.
9. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 11.56%, with the trading volume of 15.68B. Microstrategy reported a trading volume increase of 74.53% compared to the previous day, reaching $15.833 billion on December 20, 2024.
10. Apollo Global Management (NYSE: APO)
Apollo Global Management gained mildly by 0.82%, with the trading volume of 15.62B. Apollo Global Management's ratings were upheld by Keefe, Bruyette & Woods, BMO Capital, and Piper Sandler, with target prices of $196.00, $186.00, and $202.00, respectively. The company reported Q3 2024 revenue of $208.31 billion, a 3.5% year-over-year decrease.
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