Trading Volume Surges: Nvidia and AMD Face Challenges Amidst Sector Shifts

1. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -4.69%, with the trading volume of 49.67B. NVIDIA's recent developments include plans for Dell to soon ship servers featuring NVIDIA's Blackwell AI accelerators, indicating production aligns with schedules. Meanwhile, the company is dealing with potential restrictions on AI chip exports by the U.S. government.

2. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.10%, with the trading volume of 14.61B. Apple introduced the new iPad mini 7, featuring an A17 Pro chip and Apple Intelligence AI capabilities, amid diminishing concerns over iPhone demand.

3. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.19%, with the trading volume of 13.83B. Tesla plans to mass-produce robotaxis, as confirmed by Elon Musk during the Cybercab prototype announcement, amid increasing competition in autonomous travel. In September, Tesla dropped out of the top three in new energy vehicle sales rankings.

4. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices dropped solidly by -5.22%, with the trading volume of 8.01B. AMD reveals Alveo UL3422 accelerator card targeting ultra-low latency electronic trading. Meanwhile, the package size of AMD's upcoming Navi 44 chip will be reduced to 29mm x 29mm. Additionally, the U.S. government considers restricting AMD's AI chip sales to some countries.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.10%, with the trading volume of 7.39B. Microsoft faces antitrust complaints from Google in the EU over cloud service licensing. Microsoft also settled a lawsuit concerning its $69 billion Activision Blizzard acquisition. Additionally, former executive Sebastian Bubeck joins OpenAI focusing on AI models, and new Call of Duty games will launch on Xbox Cloud Gaming.

6. Asml Holding N.V. (Nasdaq: ASML)
Asml Holding N.V. plunged by -16.26%, with the trading volume of 7.01B. ASML Holding released its Q3 fiscal 2024 report a day early due to technical issues, with disappointing orders at €2.63 billion versus expected €5.39 billion. ASML anticipates 20% of 2024 revenue from China and projects a 56% annual gross profit margin.

7. Unitedhealth Group Incorporated (NYSE: UNH)
Unitedhealth Group Incorporated plunged by -8.42%, with the trading volume of 6.63B. UnitedHealth Group reported Q3 2024 earnings with revenue at $100.8 billion, up 9.1%, surpassing expectations. Adjusted EPS was $7.15, exceeding estimates. Due to rising medical costs and cyberattack impacts, it lowered its full-year guidance range to $27.50-$27.75 from previous higher estimates.

8. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.08%, with the trading volume of 5.93B. Amazon will invest $6 billion in Mexico, says Mexico’s Economy Minister Marcelo Ebrard. JMP Securities reiterates market outperform rating on Amazon.com. UK brand aggregator Olsam, associated with Amazon, files for bankruptcy amid financial struggles.

9. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.70%, with the trading volume of 5.45B. Meta CEO Mark Zuckerberg highlighted the Llama model as AI's industry standard, akin to Linux in operating systems. Meta launched Llama3.2, its first open-source multimodal model. CTO Andrew Bosworth confirmed the cancellation of the high-end Quest Pro 2 headset, focusing on lightweight designs.

10. Broadcom (Nasdaq: AVGO)
Broadcom dropped solidly by -3.47%, with the trading volume of 4.80B. Broadcom's Q3 2024 report shows $375.20 billion in revenue and $15.71 billion net income. Mizuho maintains an "Outperform" rating with a new target price of $220.00. The company experienced declines alongside fellow semiconductor firms.