Volume Stonkers | Broadcom rose 11.21%, may join trillion-dollar club

Generated by AI AgentStock Spotlight
Monday, Dec 16, 2024 4:31 pm ET2min read
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Tesla, ranked first in trading volume, rose by 6.14%, with a trading volume of $49.621 billion. Tesla's lithium refining plant in Texas has officially commenced operations, making it the first auto company in North America to process lithium in-house. Additionally, a U.S. court has approved the appeal regarding Elon Musk and Tesla's $56 billion compensation package.

NVIDIA, in second place, fell by 1.68%, with a trading volume of $30.500 billion. Analysts have named NVIDIA as one of the top semiconductor stocks for 2025, driven by two trends in artificial intelligence.

Broadcom, ranked third, saw an increase of 11.21%, with a trading volume of $26.330 billion. Broadcom's stock price surged over 8% again, accumulating a gain of over 35% in two days. Market dynamics suggest it may soon join the "trillion-dollar market cap club."

Microstrategy, in fourth place, decreased slightly by 0.04%, with a trading volume of $12.983 billion. MicroStrategy is set to join the Nasdaq 100 and has spent $1.5 billion to acquire Bitcoin.

Apple, ranked fifth, rose by 1.17%, with a trading volume of $12.721 billion. Apple's plans to introduce thinner iPhones and foldable screen phones have captured market attention.

Microsoft, in sixth place, increased by 0.97%, with a trading volume of $10.259 billion. Supported by Microsoft, OpenAI is expanding ChatGPT search capabilities to free account users, focusing on its AI strategy.

Palantir, ranked seventh, fell by 0.42%, with a trading volume of $9.201 billion. Palantir received a hold rating from Baird and is collaborating with drone technology company Red Cat.

Alphabet A, in eighth place, rose by 3.60%, with a trading volume of $8.524 billion. Google has launched next-generation video models VEO 2 and Imagen 3, continuing its efforts in generative AI.

Amazon, ranked ninth, increased by 2.41%, with a trading volume of $8.516 billion. The Amazon union has authorized a third strike at a facility in Illinois, highlighting tense labor relations.

Meta, in tenth place, rose by 0.63%, with a trading volume of $6.672 billion. Meta has updated its Ray-Ban smart glasses with instant translation and AI video features.

Alphabet C, ranked eleventh, increased by 3.54%, with a trading volume of $6.363 billion. Google Cloud has introduced Google Agentspace and NotebookLM Plus to enhance productivity and efficiency.

Advanced Micro Devices (AMD), in twelfth place, fell by 0.17%, with a trading volume of $5.266 billion. Market news indicates that the Biden administration is preparing to investigate trade involving Chinese-made legacy chips, which could impact the semiconductor industry.

Micron Technology, ranked thirteenth, rose by 5.62%, with a trading volume of $4.536 billion. Micron's stock rose ahead of its earnings report, with the market optimistic about a chip recovery cycle.

UnitedHealth, in fourteenth place, fell by 4.24%, with a trading volume of $4.422 billion. The decline in the Dow Jones was significantly influenced by drops in UnitedHealth and Verizon stocks.

Coinbase Global, ranked fifteenth, rose by 1.52%, with a trading volume of $3.652 billion. Bitcoin surged to a record high of $107,000, boosting the rebound in cryptocurrency stocks.

SoundHound AI, in sixteenth place, saw an increase of 16.44%, with a trading volume of $3.158 billion. SoundHound's stock has risen over 700% this year, with analysts believing there is still significant growth potential.

Taiwan Semiconductor Manufacturing Company (TSMC), ranked seventeenth, rose by 0.62%, with a trading volume of $2.960 billion. The market is paying close attention to TSMC's leading position in the semiconductor field.

Marvell Technology, in eighteenth place, increased by 3.32%, with a trading volume of $2.914 billion. Bank of America Securities has raised Marvell Technology's target price, naming it one of the best chip stocks for 2025.

Super Micro Computer (SMCI), ranked nineteenth, fell by 8.26%, with a trading volume of $2.754 billion. SMCI's stock declined before its removal from the Nasdaq 100 index, with the market sentiment remaining cautious.

AppLovin, in twentieth place, rose by 6.01%, with a trading volume of $2.712 billion. Loop Capital has maintained a buy rating on AppLovin and raised its target price to $450.

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