Volume Stonkers | Broadcom surged 24%, NVIDIA missed chip rally, Broadcom's market value hits $1 trillion with AI growth
Friday, Dec 13, 2024 4:30 pm ET
Tesla rose 4.34%, with a trading volume of $36.958 billion. The company launched a smart summon feature in China, and the U.S. Securities and Exchange Commission sent a "settlement request" to Elon Musk regarding the Twitter acquisition investigation.NVIDIA fell 2.25%, with a trading volume of $30.508 billion. NVIDIA missed the chip rally opportunity following Broadcom's earnings release, with analysts noting that Broadcom's leadership in AI chips is putting pressure on NVIDIA.Broadcom surged 24.43%, with a trading volume of $26.004 billion. Broadcom's market value surpassed $1 trillion for the first time, and analysts are optimistic about strong growth over the next three years due to AI opportunities, raising the target price to $220.Advanced Micro Devices (AMD) fell 2.83%, with a trading volume of $8.51 billion. AMD CEO Lisa Su was named CEO of the Year, and the company is collaborating with NVIDIA and Intel to invest in an optical chip company.MicroStrategy rose 4.20%, with a trading volume of $8.274 billion. There are reports that MicroStrategy might be added to the Nasdaq 100 Index.Microsoft fell 0.51%, with a trading volume of $8.119 billion. Mizuho maintained its "outperform" rating on Microsoft and raised the target price to $510.Apple rose 0.07%, with a trading volume of $7.946 billion. Reports suggest Apple will switch to in-house Wi-Fi chips next year and may experience a "super cycle" in iPhone shipments.Amazon fell 0.66%, with a trading volume of $6.446 billion. Amazon employees voted to join a union at a Southern California warehouse and held a strike authorization vote at a New York warehouse.Palantir rose 3.92%, with a trading volume of $5.52 billion. Palantir might be added to the Nasdaq 100 Index and was rated as underperforming by Mizuho.Adobe fell 1.88%, with a trading volume of $5.104 billion. Citigroup lowered Adobe's target price from $590 to $551.Meta fell 1.66%, with a trading volume of $4.935 billion. Meta and Amazon each donated $1 million to Trump's inauguration, reflecting a positive relationship with the new president.Google A fell 1.12%, with a trading volume of $4.513 billion. Google was fined for violating competition laws in Turkey and plans to appeal in the ad server market case.Marvell Technology rose 10.79%, with a trading volume of $4.288 billion. Marvell Technology announced a quarterly dividend payment, and its stock price surged due to strong performance.UnitedHealth Group rose 0.95%, with a trading volume of $4.046 billion. UnitedHealth's CEO Witkowski highlighted flaws in the healthcare system and reached a 401(k) fund deal with Wells Fargo.TSMC (Taiwan Semiconductor Manufacturing Company) rose 4.98%, with a trading volume of $3.842 billion. TSMC's wafer plant in Japan is set to begin mass production by the end of the year, and trial production is underway at its Arizona facility.Google C fell 1.16%, with a trading volume of $3.453 billion. Google is collaborating with Samsung to launch AI glasses and headsets.Costco rose 0.10%, with a trading volume of $2.857 billion. Costco's Q1 performance exceeded expectations, and the target price was raised to $1090.Uber fell 2.38%, with a trading volume of $2.856 billion. Uber was selected as a top investment choice for 2025 by Goldman Sachs and attracted attention in the options market.SoundHound AI soared 23.70%, with a trading volume of $2.5 billion. SoundHound AI's stock price has skyrocketed, with a year-to-date gain of over 650%.Micron Technology rose 4.34%, with a trading volume of $2.406 billion. Analysts maintained their ratings on Micron Technology, and its stock price surpassed the $100 mark.