Unveiling Market Movers: Massive Trading Volumes Propel Tesla & Nvidia

1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.22%, with the trading volume of 23.43B. NVIDIA announced a collaboration with UAE's G42 to develop a large-scale weather prediction AI based on Earth-2. Director Coxe Tench sold 1 million shares on September 20, 2024. NVIDIA's Blackwell platform is expected to boost liquid cooling adoption to over 20% by 2025.

2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.93%, with the trading volume of 21.44B. Tesla introduced a remote summon feature for automatic parking. Cantor Fitzgerald reaffirmed Tesla's neutral rating with a target price of $245.00. Tesla plans to showcase Robotaxi on October 10, potentially enhancing its FSD drive capabilities. CEO Elon Musk expressed support for Donald Trump in 2024.

3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.76%, with the trading volume of 11.20B. Apple faced touchscreen issues with the iPhone 16 Pro and halted supply from Coson Technology due to quality concerns. Despite these challenges, the iPhone 15 Pro Max was the best-selling global phone in the first half of the year.

4. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.19%, with the trading volume of 7.13B. Cantor Fitzgerald reaffirmed an "Overweight" rating for Amazon.com with a target price of $230.00. Capita is partnering with Amazon Web Services to enhance contact centers and service excellence.

5. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 0.55%, with the trading volume of 7.11B. Meta plans to launch AI chatbots featuring celebrity voices in an audio version. Cantor Fitzgerald reiterated an Overweight rating, and Citigroup maintained a Buy, adjusting the price target to $645. Additionally, Meta extended its partnership with Essilor Luxottica for smart glasses until 2030.

6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.40%, with the trading volume of 6.05B. Microsoft was downgraded to Neutral by DA Davidson with a price target of $475.00. The company reported annual revenue of $245.1 billion, up 15.67%, for the fiscal year ending June 30, 2024. Microsoft partners with Anduril for a new military MR headset.

7. Broadcom (Nasdaq: AVGO)
Broadcom gained mildly by 1.07%, with the trading volume of 4.83B. Broadcom disclosed an insider transaction on September 23, with executive Charlie Kawwas selling 25,200 shares. Additionally, reports indicate Broadcom is not currently assessing a bid for Intel, despite previous evaluations and ongoing advisory discussions.

8. Intel (Nasdaq: INTC)
Intel gained solidly by 3.30%, with the trading volume of 4.13B. Intel partners with Alibaba Cloud for AI computing initiatives, while Qualcomm’s potential acquisition of Intel faces antitrust concerns and financial challenges. Apollo Global Management reportedly considers a $50 billion investment in Intel, signaling ongoing strategic shifts.

9. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -1.06%, with the trading volume of 3.86B. Google announced a $120 million fund for global AI education. Cantor Fitzgerald reiterated a neutral rating for Alphabet A with a target price of $190. US antitrust trial highlights Google's internal emails regarding its dominance in online advertising. CEO Sundar Pichai states AI empowers rather than replaces programmers.

10. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained mildly by 0.51%, with the trading volume of 3.39B. AMD CEO Lisa Su emphasized that while GPUs dominate AI models, future AI will use a mix of chips, including emerging specialized processors, to enhance functionality beyond GPUs.