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Volume Stonkers | Applovin plummeted 14.69%, Excluded from S&P 500 Index

Stock SpotlightMonday, Dec 9, 2024 4:31 pm ET
2min read
Tesla rose by 0.15%, with a trading volume of $36.922 billion. Tesla was recently sued by Granite Vehicle Ventures LLC, accusing its full self-driving feature of patent infringement. Additionally, Tesla's Supercharger network reached a new daily electricity usage record of 12 gigawatt-hours.

Nvidia fell by 2.55%, with a trading volume of $25.202 billion. Nvidia is under investigation for alleged violations of Chinese antitrust laws, and the company announced a partnership with SIAm.AI to develop an AI assistant for the tourism bureau.

Palantir dropped by 5.08%, with a trading volume of $12.505 billion. Palantir signed a $37 million contract with the U.S. government and reached a new agreement with the U.S. military.

Amazon decreased by 0.41%, with a trading volume of $10.62 billion. Amazon is collaborating with Intuit to launch new features by mid-2025 and is poised to reach a historic high closing price.

Apple rose by 1.61%, with a trading volume of $10.422 billion. Apple plans to release its self-developed modem chip next year and topped the 2024 Best Managed Companies list.

Microsoft increased by 0.55%, with a trading volume of $8.427 billion. OpenAI, supported by Microsoft, launched the AI video generation tool Sora and plans to vote on a Bitcoin investment proposal.

Microstrategy fell by 7.51%, with a trading volume of $8.371 billion. Microstrategy purchased 21,550 bitcoins for approximately $2.1 billion, and TD Cowen raised its price target to $550.

AMD dropped by 5.57%, with a trading volume of $7.451 billion. Bank of America downgraded AMD to "neutral," citing increased competitive risks in the AI sector.

Meta fell by 1.64%, with a trading volume of $7.005 billion. Meta introduced internal AI tools to enter the enterprise market and concluded its tax evasion investigation in Italy.

Applovin decreased by 14.69%, with a trading volume of $5.646 billion. Applovin's stock price plummeted after not being included in the S&P 500 index.

Coinbase Global fell by 9.63%, with a trading volume of $5.362 billion. Analyst reports describe Coinbase facing a "milestone month" in December, despite overall weakness in the cryptocurrency market.

SMCI rose by 0.52%, with a trading volume of $4.491 billion. Despite receiving an extension from Nasdaq to file its annual report, SMCI is still plagued by accounting issues.

Google A increased by 0.38%, with a trading volume of $4.403 billion. Google unveiled a new quantum computing concept chip, showcasing progress in the quantum computing field.

UnitedHealth rose by 2.09%, with a trading volume of $4.174 billion. The death of UnitedHealth CEO Brian Thompson has led to an investigation, with related personnel now in custody.

Broadcom fell by 0.33%, with a trading volume of $3.675 billion. Broadcom released its 3.5D XDSiP chip packaging and anticipates ASIC challenges in the fourth quarter.

Apollo Global Management decreased by 3.05%, with a trading volume of $3.404 billion. Apollo plans to raise $25 billion for a new equity investment fund, with its target price raised to $230.

Google C increased by 0.35%, with a trading volume of $3.375 billion. Google's quantum computing chip has caught market attention, highlighting its advancements in the quantum computing sector.

Oracle fell by 0.60%, with a trading volume of $3.353 billion. Oracle's second-quarter financial results fell short of expectations, with both operating income and earnings per share below market forecasts.

Workday rose by 5.06%, with a trading volume of $3.271 billion. Workday will be added to the S&P 500 index, and Wells Fargo maintains its "overweight" rating.

Netflix decreased by 2.25%, with a trading volume of $3.046 billion. Netflix received multiple Golden Globe nominations and will speak at the UBS Global Conference.
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abdul10000
12/09
Nvidia's AI collab with SIAm.AI could be a game-changer. Chinese antitrust might be a bump, but they'll adapt.
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Plane-Salamander2580
12/09
Tesla's FSD drama might hit margins hard
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TheLastMemeLeft
12/09
Palantir's $37M gov contract is solid. Military tie-up too. Holding long-term, despite recent dips. Diversification is key.
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Silgro94
12/09
Amazon's Intuit collab could drive new revenue
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stoked_7
12/09
Tesla's FSD drama with patent infringement might slow its roll. But hey, 12 GWh in a day is no joke. 🚀
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WellWe11Well
12/09
Apple's modem chip is a long-term play
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priviledgednews
12/09
Palantir's gov contract boost is solid
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chrisbaseball7
12/09
Meta's AI tools might be a game-changer. Gonna keep an eye on how they disrupt the enterprise market.
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StockQueen
12/09
Nvidia's AI collab could be a game-changer 🤔
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Codyofthe212th
12/09
Amazon's Intuit collab could boost their cloud game. Mid-2025 can't come soon enough.
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