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Volume Stonkers | Coinbase surged 11.32%, NVIDIA Reaches Record High Amid AI Demand

AInvestMonday, Oct 14, 2024 5:30 pm ET
2min read
NVIDIA rose 2.43%, with a trading volume of $31.875 billion. NVIDIA's stock reached a record high as investors anticipate strong, long-term demand for AI, driven by robust sales of the Blackwell chip. Additionally, NVIDIA was active in the options market.

Tesla increased by 0.62%, with a trading volume of $18.775 billion. Tesla's recent spotlight came from the remote control capabilities of the Optimus robot, and German factory employees accused the company of aggressive anti-union tactics. Tesla options trading was also highly active.

Apple rose 1.65%, with a trading volume of $9.075 billion. There are market rumors that Apple might release a cheaper headset next year. The demand for Apple's Vision Pro headset remains low, and there are concerns about reduced applications.

Microsoft increased by 0.68%, with a trading volume of $6.923 billion. The market noted that Bubeck, a senior AI researcher at Microsoft, will join OpenAI, and Deutsche Bank maintained its buy rating for Microsoft.

Microstrategy fell 5.14%, with a trading volume of $6.741 billion. Recently, Bitcoin's price surpassed $66,000, causing volatility in Microstrategy and other cryptocurrency-related stocks.

AMD dropped 1.56%, with a trading volume of $5.271 billion. AMD is under pressure due to underperforming AI solutions, prompting Wall Street analysts to lower its target price.

Meta rose 0.08%, with a trading volume of $4.87 billion. Goldman Sachs raised Meta Platforms' target price to $636, while Adobe's new text-to-video AI model poses a challenge to Meta.

Amazon fell 0.68%, with a trading volume of $4.236 billion. Baird maintained Amazon's buy rating with a target price of $213, and the market remains optimistic about the humanoid robots industry.

Coinbase Global surged 11.32%, with a trading volume of $3.431 billion. The rise in Bitcoin's price drove growth in Coinbase and other cryptocurrency-related stocks, with active options trading.

Broadcom increased by 0.46%, with a trading volume of $3.124 billion. Mizuho maintained its buy rating for Broadcom, and the market holds an optimistic view of its future performance.

Google A rose 1.05%, with a trading volume of $3.11 billion. Alphabet, Google's parent company, announced an agreement with nuclear power company Kairos Power to support its AI development with nuclear energy.

Longboard surged 51.65%, with a trading volume of $2.534 billion. The company's stock performed exceptionally well amid a major rise in the Dow Jones, with the healthcare sector also seeing gains on Monday afternoon.

Pinduoduo fell 6.03%, with a trading volume of $2.419 billion. Ongoing uncertainty around U.S.-listed Chinese stocks continues to pressure companies like Pinduoduo.

Alibaba dropped 2.12%, with a trading volume of $2.304 billion. Barclays maintained its buy rating for Alibaba, raising the target price to $137, but uncertainty around Chinese stocks persists.

TSMC rose 0.81%, with a trading volume of $2.247 billion. The market anticipates strong Q3 earnings for TSMC, with its global expansion continuing.

SMIC fell 0.86%, with a trading volume of $2.144 billion. Options trading for SMIC was active, with the market focusing on its hardware and telecom equipment performance.

Netflix dropped 1.36%, with a trading volume of $1.991 billion. Netflix plans to boost Q3 revenue through ad-supported membership packages and price increase strategies.

JPMorgan fell 0.28%, with a trading volume of $1.961 billion. JPMorgan hired executive Hanlan from Deutsche Bank to enhance its healthcare sector transactions.

Wells Fargo rose 1.97%, with a trading volume of $1.92 billion. Wells Fargo's Q3 earnings exceeded expectations, prompting analysts to raise earnings forecasts, with active options trading.

Palantir dropped 0.21%, with a trading volume of $1.781 billion. Palantir announced it will release its Q3 2024 earnings report, drawing attention in the options market.
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.