**Trading Volume Highlights: Nvidia and Tesla Lead the Pack**

Generated by AI AgentAinvest Market Brief
Wednesday, Oct 2, 2024 6:31 pm ET2min read
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1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.58%, with the trading volume of 25.04B. NVIDIA and Accenture expanded their partnership to promote AI adoption, with Accenture creating a dedicated NVIDIA division to aid clients in utilizing generative AI tools. Additionally, NVIDIA halted the development of the dual-cabinet version of the GB200 AI server due to limited resources and client preferences.

2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.49%, with the trading volume of 23.12B. Tesla delivered approximately 462,890 vehicles in Q3, slightly below expectations due to insufficient demand for older models despite incentives and low-cost financing. However, Model 3/Y deliveries exceeded forecasts, totaling 439,975 vehicles. Tesla produced around 470,000 vehicles globally during the same period.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.25%, with the trading volume of 7.39B. Apple sees significant delivery improvement for iPhone 16 Pro; A18 chip designed in-house. M1 iMac screen issues reported. iPhone SE 4, 2025 iPad Air gain new features. AirPods Pro2 firmware adds hearing features. M4 chip devices expected by year-end; foldable iPhone in development.

4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.85%, with the trading volume of 6.72B. Microsoft announced the production halt of HoloLens 2 to focus on military collaboration with the IVAS project. Windows 11 market share reached a record high, while Xbox Game Pass added four new titles. Additionally, Krafton acquired a former Microsoft studio.

5. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited gained mildly by 2.22%, with the trading volume of 6.12B. Alibaba spent $4.1 billion to repurchase 414 million ordinary shares in the quarter ending September 30, 2024. This buyback is part of the company's share repurchase plan, with $22 billion authorization remaining until March 2027.

6. Pdd Holdings (Nasdaq: PDD)
Pdd Holdings gained solidly by 4.85%, with the trading volume of 5.40B. Pinduoduo's transaction volume on October 2, 2024, reached $5.401 billion, increasing by 57.73% from the previous day. NIO reported delivering 21,181 vehicles in September 2024. JD Industrial filed for a Hong Kong Stock Exchange listing.

7. Humana (NYSE: HUM)
Humana plunged by -11.79%, with the trading volume of 4.56B. Leerink Partners downgraded Humana to Market Perform with a new price target of $250.00, reduced from $400.00. Cantor Fitzgerald reiterated a Neutral rating on Humana with a price target of $395.00.

8. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -0.20%, with the trading volume of 4.37B. Cantor Fitzgerald reiterated an "Overweight" rating for Amazon.com with a target price of $230. Amazon reported revenue of $291.29 billion as of June 30, 2024, representing an 11.29% year-over-year increase.

9. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.02%, with the trading volume of 3.93B. Advanced Micro Devices Inc. saw a trading volume of $39.35 billion on October 2, ranking ninth in the US stock market for the day.

10. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.63%, with the trading volume of 3.73B. Wells Fargo maintains an Overweight rating on Meta with a $652.00 price target. Pivotal Research initiates coverage with a Buy rating at $780.00. Meta plans to expand AI innovation investment in Vietnam, including producing the latest VR devices from 2025.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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