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Volume Stonkers | Coinbase Global rose 6.28%, NVIDIA Faces Pressure from China Over AI Chips

Stock SpotlightFriday, Sep 27, 2024 5:30 pm ET
2min read
NVIDIA dropped 2.17% with a trading volume of $32.417 billion. Despite China's urging local companies to avoid using NVIDIA's AI chips, market attention remains high, and options trading is active.

Tesla rose 2.45% with a trading volume of $18.185 billion. Tesla is set to unveil Robotaxi at an upcoming event, and expectations for its business in China are heating up.

Apple increased 0.09% with a trading volume of $7.736 billion. Apple is enhancing revenue opportunities by improving Siri’s smart integration and continues to invest heavily in Apple TV+.

Amazon fell 1.66% with a trading volume of $6.636 billion. Amazon's delivery drivers in New York joined a union, drawing attention to the company's labor relations.

Microsoft declined 0.76% with a trading volume of $6.355 billion. Microsoft updated its security and privacy architecture, with its competitive strategies in the gaming market also under scrutiny.

Alibaba rose 2.16% with a trading volume of $5.325 billion. Alibaba announced support for WeChat Pay, boosting market optimism about its future growth.

Meta fell 0.08% with a trading volume of $5.18 billion. Meta's AR glasses, Orion, have garnered attention, and the company has been fined by European regulators.

Pinduoduo increased 4.66% with a trading volume of $4.922 billion. Chinese stocks performed strongly overall, with Pinduoduo standing out in the market, continuing its robust upward trend.

SMIC rose 4.31% with a trading volume of $4.466 billion. Enthusiasm for tech stocks has made SMIC a favorite, with rising attention.

Micron Technology fell 2.20% with a trading volume of $4.432 billion. Despite maintaining a buy rating, the semiconductor sector faced pressures, leading to a decline in Micron's stock price.

AMD declined 1.87% with a trading volume of $4.416 billion. Overall volatility in tech stocks presented challenges for AMD's performance.

Eli Lilly dropped 3.53% with a trading volume of $3.817 billion. Eli Lilly's Selpercatinib received FDA approval for treating certain cancers, highlighting its drug development progress.

Broadcom fell 3.03% with a trading volume of $3.502 billion. A related party sold some shares, keeping the market focused on Broadcom's financial performance.

Google A rose 0.75% with a trading volume of $3.395 billion. Google is investing in expanding data centers in the U.S. and updating its gambling ad policies.

TSMC fell 4.72% with a trading volume of $3.094 billion. The semiconductor sector's general decline impacted TSMC's stock price.

Costco dropped 1.76% with a trading volume of $3.039 billion. Despite market volatility, Costco's long-term growth potential remains favored by Wall Street.

Microstrategy rose 6.17% with a trading volume of $2.994 billion. A strengthening Bitcoin price boosted the performance of related cryptocurrency concept stocks.

Google C increased 0.89% with a trading volume of $2.248 billion. Similar to Google A, Google C attracted market attention due to its ad policy and data center investments.

Intel fell 0.19% with a trading volume of $2.027 billion. Intel is negotiating chip financing with the U.S. government, drawing market attention to its business development.

Coinbase Global rose 6.28% with a trading volume of $1.968 billion. An overall positive trend in the cryptocurrency market propelled Coinbase's stock, significantly increasing trading volume.
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.