Volume Stonkers | AMD up 3.96%, NVIDIA Option Activity Surges with $21.638B Trading Volume

Stock SpotlightTuesday, Oct 29, 2024 5:30 pm ET
2min read
NVIDIA rose 0.52% with a trading volume of $21.638 billion. The options market for NVIDIA was active, with a volume of 1.6612 million contracts and open interest of 25.6029 million contracts. The stock is viewed as a key tech investment, attracting significant attention.

Tesla fell 1.14%, with a trading volume of $20.796 billion. Tesla received an overweight rating from Piper Sandler with a target price of $315. Additionally, the EU's decision to impose a five-year anti-subsidy tax on Chinese electric vehicles may impact market dynamics.

AMD increased 3.96%, with a trading volume of $10.880 billion. AMD raised its 2024 AI chip revenue forecast to over $5 billion and plans to complete its acquisition of Zt Systems in the first half of 2025.

Boeing rose 1.51%, with a trading volume of $10.113 billion. Boeing announced a $21 billion stock issuance for financing. Additionally, negotiations with the union continue, with strikes significantly impacting production.

Trump Media & Technology Group surged 8.76%, with a trading volume of $8.573 billion. Trump Media is expected to close at its highest since May, with market volatility driven by assessments of its political prospects.

Apple gained 0.12%, with a trading volume of $7.885 billion. Apple released the iMac with its most powerful M4 chip and began early manufacturing preparations for the iPhone 17 at its factory in India.

Microsoft rose 1.26%, with a trading volume of $7.492 billion. Microsoft is about to release its financial report, with a market focus on the development of its Intelligent Cloud services, especially its collaboration with OpenAI.

Meta climbed 2.62%, with a trading volume of $7.474 billion. Meta plans to launch an AI search engine and achieve year-over-year growth in advertising revenue, attracting significant market attention.

Microstrategy increased 1.14%, with a trading volume of $6.705 billion. Bitcoin's price surpassed $70,000, benefiting from strong demand in the cryptocurrency market.

Amazon rose 1.30%, with a trading volume of $6.588 billion. Amazon's earnings report is forthcoming, with market focus on the performance of its AWS and advertising businesses.

Google A climbed 1.78%, with a trading volume of $6.539 billion. Google's parent company, Alphabet, plans to expand Waymo's geographic coverage and reported a Q3 operating profit margin of 32.3%.

Google C rose 1.66%, with a trading volume of $4.582 billion. Alphabet continues to optimize AI technology, announcing the launch of new AI assistant services to enhance market competitiveness.

Broadcom surged 4.20%, with a trading volume of $3.999 billion. Broadcom is collaborating with OpenAI and TSMC to develop AI chips, with a positive market outlook for its chip technology.

Eli Lilly rose 0.95%, with a trading volume of $2.832 billion. Eli Lilly's Alzheimer's drug Kisunla showed positive results in reducing brain swelling side effects.

Paypal Holdings dropped 3.96%, with a trading volume of $2.794 billion. PayPal's third-quarter adjusted EPS reached $1.20, with revenue slightly below market expectations.

Netflix gained 1.38%, with a trading volume of $2.762 billion. Netflix renewed its U.S. licensing agreement with Universal Pictures and announced executive changes.

TSMC increased 1.23%, with a trading volume of $2.680 billion. TSMC is collaborating with OpenAI and Broadcom on AI chip development, with 2-nanometer process mass production expected in 2025.

McDonald's fell 0.59%, with a trading volume of $2.672 billion. McDonald's third-quarter revenue was $6.87 billion, with international business showing weak performance.

Pfizer dropped 1.35%, with a trading volume of $2.620 billion. Pfizer raised its full-year revenue and earnings guidance, with the Q3 earnings call attracting market attention.

Coinbase Global rose 1.65%, with a trading volume of $2.525 billion. Coinbase's Q3 earnings preview showed revenue and EPS exceeding expectations, benefiting from the rise in Bitcoin prices.