Volume Stonkers | Adobe fell 8.47%, Target Prices Cut by Citigroup and UBS
Friday, Sep 13, 2024 5:30 pm ET
2min read **NVIDIA**, ranked first by trading volume, fell 0.03% with a volume of $28.24 billion. NVIDIA executives plan to sell 120,000 shares while the company continues to expand its AI business by investing in emerging AI enterprises, further strengthening its market position.
**Tesla**, ranked second, rose 0.21% with a trading volume of $13.59 billion. Tesla announced it will release its Robotaxi autonomous taxi on October 10, marking another significant advancement in the field of autonomous driving.
**Apple**, in third place, fell 0.12% with a trading volume of $8.17 billion. The iPhone 16 series is experiencing strong growth in the Indian market but faces challenges in China, highlighting the complexity of its global market environment.
**Microsoft**, ranked fourth, rose 0.84% with a trading volume of $6.36 billion. Microsoft made significant progress in quantum computing by successfully entangling 12 logical qubits, opening new possibilities for its AI applications.
**Adobe**, in fifth position, fell 8.47% with a trading volume of $5.50 billion. Adobe's fourth fiscal quarter outlook raised market concerns, leading Citigroup and UBS to lower their target stock prices.
**Meta**, ranked sixth, fell 0.19% with a trading volume of $5.23 billion. Meta announced it will use public posts from UK Facebook and Instagram users to train AI, demonstrating its continued investment in the AI sector.
**Amazon**, in seventh place, fell 0.27% with a trading volume of $4.93 billion. Amazon plans to invest over $2.1 billion to strengthen its delivery service projects, further enhancing its logistics capabilities.
**Broadcom**, ranked eighth, rose 1.90% with a trading volume of $4.81 billion. Despite the overall weakness in the chip sector, Broadcom continues to be favored by the market due to its strong performance in AI-related business.
**Google A**, in ninth position, rose 1.79% with a trading volume of $4.45 billion. Google is collaborating with the U.S. government to discuss AI infrastructure, highlighting its significant role in AI policy-making.
**Oracle**, ranked tenth, rose 0.38% with a trading volume of $4.24 billion. Oracle raised its revenue guidance for the next fiscal year, with the market optimistic about its cloud business prospects.
**Advanced Micro Devices (AMD)**, in eleventh place, rose 1.02% with a trading volume of $3.80 billion. An AMD director sold some shares, but its AI-related business remains well-regarded by the market.
**SMIC**, ranked twelfth, rose 3.40% with a trading volume of $3.20 billion. SMIC is actively addressing fluctuations in the AI market, with the potential for future rebounds being anticipated by the market.
**Boeing**, in thirteenth place, fell 3.70% with a trading volume of $2.99 billion. Boeing faces a worker strike involving about 33,000 employees, which could impact its production and profitability.
**Google C**, ranked fourteenth, rose 1.82% with a trading volume of $2.63 billion. Google is discussing ad tech regulation issues with the EU, with the market watching for its future responses.
**Uber**, in fifteenth position, rose 6.45% with a trading volume of $2.18 billion. Uber is expanding its cooperation with Waymo to launch autonomous taxi services in more cities, further enhancing its market competitiveness.
**JPMorgan Chase**, ranked sixteenth, fell 1.09% with a trading volume of $2.09 billion. JPMorgan announced a preferred stock dividend and reiterated its expectations for a Federal Reserve rate cut.
**Micron Technology**, in seventeenth place, rose 4.60% with a trading volume of $1.92 billion. Micron Technology maintains strong market performance, supported by a buy rating from Wells Fargo.
**Eli Lilly**, ranked eighteenth, fell 1.23% with a trading volume of $1.89 billion. Eli Lilly is expanding its plant in Ireland to increase production of weight-loss drugs in response to market demand.
**Palantir**, in nineteenth position, rose 1.95% with a trading volume of $1.76 billion. Despite some executives selling shares, Palantir's stock is poised to reach its highest closing price since 2021.
**Berkshire Hathaway B**, ranked twentieth, fell 0.70% with a trading volume of $1.74 billion. Berkshire faces significant stock sales by senior management, drawing market attention.
**Tesla**, ranked second, rose 0.21% with a trading volume of $13.59 billion. Tesla announced it will release its Robotaxi autonomous taxi on October 10, marking another significant advancement in the field of autonomous driving.
**Apple**, in third place, fell 0.12% with a trading volume of $8.17 billion. The iPhone 16 series is experiencing strong growth in the Indian market but faces challenges in China, highlighting the complexity of its global market environment.
**Microsoft**, ranked fourth, rose 0.84% with a trading volume of $6.36 billion. Microsoft made significant progress in quantum computing by successfully entangling 12 logical qubits, opening new possibilities for its AI applications.
**Adobe**, in fifth position, fell 8.47% with a trading volume of $5.50 billion. Adobe's fourth fiscal quarter outlook raised market concerns, leading Citigroup and UBS to lower their target stock prices.
**Meta**, ranked sixth, fell 0.19% with a trading volume of $5.23 billion. Meta announced it will use public posts from UK Facebook and Instagram users to train AI, demonstrating its continued investment in the AI sector.
**Amazon**, in seventh place, fell 0.27% with a trading volume of $4.93 billion. Amazon plans to invest over $2.1 billion to strengthen its delivery service projects, further enhancing its logistics capabilities.
**Broadcom**, ranked eighth, rose 1.90% with a trading volume of $4.81 billion. Despite the overall weakness in the chip sector, Broadcom continues to be favored by the market due to its strong performance in AI-related business.
**Google A**, in ninth position, rose 1.79% with a trading volume of $4.45 billion. Google is collaborating with the U.S. government to discuss AI infrastructure, highlighting its significant role in AI policy-making.
**Oracle**, ranked tenth, rose 0.38% with a trading volume of $4.24 billion. Oracle raised its revenue guidance for the next fiscal year, with the market optimistic about its cloud business prospects.
**Advanced Micro Devices (AMD)**, in eleventh place, rose 1.02% with a trading volume of $3.80 billion. An AMD director sold some shares, but its AI-related business remains well-regarded by the market.
**SMIC**, ranked twelfth, rose 3.40% with a trading volume of $3.20 billion. SMIC is actively addressing fluctuations in the AI market, with the potential for future rebounds being anticipated by the market.
**Boeing**, in thirteenth place, fell 3.70% with a trading volume of $2.99 billion. Boeing faces a worker strike involving about 33,000 employees, which could impact its production and profitability.
**Google C**, ranked fourteenth, rose 1.82% with a trading volume of $2.63 billion. Google is discussing ad tech regulation issues with the EU, with the market watching for its future responses.
**Uber**, in fifteenth position, rose 6.45% with a trading volume of $2.18 billion. Uber is expanding its cooperation with Waymo to launch autonomous taxi services in more cities, further enhancing its market competitiveness.
**JPMorgan Chase**, ranked sixteenth, fell 1.09% with a trading volume of $2.09 billion. JPMorgan announced a preferred stock dividend and reiterated its expectations for a Federal Reserve rate cut.
**Micron Technology**, in seventeenth place, rose 4.60% with a trading volume of $1.92 billion. Micron Technology maintains strong market performance, supported by a buy rating from Wells Fargo.
**Eli Lilly**, ranked eighteenth, fell 1.23% with a trading volume of $1.89 billion. Eli Lilly is expanding its plant in Ireland to increase production of weight-loss drugs in response to market demand.
**Palantir**, in nineteenth position, rose 1.95% with a trading volume of $1.76 billion. Despite some executives selling shares, Palantir's stock is poised to reach its highest closing price since 2021.
**Berkshire Hathaway B**, ranked twentieth, fell 0.70% with a trading volume of $1.74 billion. Berkshire faces significant stock sales by senior management, drawing market attention.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.