TSMC Soars on AI Demand Surge; Nvidia Shines with Massive Trading Volume

1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.89%, with the trading volume of 42.36B. Bank of America Global Research raised NVIDIA's price target to $190 and maintained a buy rating. Amazon AWS revealed NVIDIA's AI chip Blackwell will launch in early 2025. NVIDIA also open-sourced the large model Nemotron 70B.

2. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited surged by 9.74%, with the trading volume of 12.91B. TSMC's Q3 report showed robust revenue and profit growth driven by AI demand, leading to an upward revision of its 2024 revenue guidance. TSMC, Samsung, and IBM will showcase CFET technology at the IEDM conference in December. Taiwan's rising electricity costs could impact TSMC's margins.

3. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.20%, with the trading volume of 11.15B. GLJ Research reaffirms a sell rating on Tesla, setting the target price at $24.86. Tesla and other companies responded to concerns about data security in relation to foreign companies' use of automotive intelligence for illegal surveying.

4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.16%, with the trading volume of 7.60B. Apple updates iPad mini with A17 Pro chip, maintains 20W charging, and partners with BYD Precision Manufacturing. iPad 11 unlikely releasing before 2025. iPad Pro 2024's price drops under $10,000. Studies show iPhone's depreciation rate worsening.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.14%, with the trading volume of 6.17B. Microsoft announced new Call of Duty-themed Xbox accessories launching October 25, including customizable controllers and a console shell. Additionally, Microsoft Azure OpenAI service will terminate for individual users in China, restricting subscription to enterprise clients due to local regulations.

6. Netflix (Nasdaq: NFLX)
Netflix dipped mildly by -2.04%, with the trading volume of 5.82B. Netflix reported Q3 2024 results with a net income increase and surpassed user growth expectations. The company anticipates higher Q4 paid net subscribers and a 15% revenue increase. Analysts predict 2025 revenue between $430 billion and $440 billion, in line with market expectations.

7. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.02%, with the trading volume of 5.07B. Meta faces layoffs across Instagram, WhatsApp, and Reality Labs as part of strategic realignment. TD Cowen and Mizuho maintain buy ratings, setting price targets at $675 and $650, respectively. Meta also dismisses employees for misusing meal allowances.

8. Asml Holding N.V. (Nasdaq: ASML)
Asml Holding N.V. gained mildly by 2.50%, with the trading volume of 4.98B. ASML Holding reported Q3 2024 earnings with €190 billion in revenue and €48.78 billion in net profit. JP Morgan maintained an Overweight rating, setting a $1148 target. Recent weak financial results led to a significant market capitalization decrease, evaporating over €60 billion.

9. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 0.34%, with the trading volume of 4.68B. Amazon has announced a $500 million investment in nuclear energy, signing three agreements for nuclear reactor development to power its data centers amid rising AI and cloud computing demands. Amazon Web Services plans to launch NVIDIA's AI Blackwell chips by early 2025.

10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.08%, with the trading volume of 4.64B. AMD launched the Pensando Salina 400 DPU and Pollara 400 AI NIC to enhance AI networking infrastructure. Additionally, AMD formed an alliance with Intel to defend and promote the x86 architecture.