Volume Stonkers | Coinbase surged 31.12%, CEO's Remarks on Crypto-Friendly Policies Attract Wide Attention

Generated by AI AgentStock Spotlight
Wednesday, Nov 6, 2024 4:30 pm ET2min read
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**Tesla** rose 14.75% with a trading volume of $46.436 billion. Tesla's stock surged due to expectations of approval for autonomous driving. Additionally, attention was drawn to the potential policy benefits for Elon Musk's business empire following Trump's election.

**NVIDIA** increased by 4.07% with a trading volume of $34.502 billion. NVIDIA was buoyed by the overall rise in chip stocks, and the market remains optimistic about upcoming earnings reports from companies like Qualcomm and Arm.

**Amazon** went up 3.81% with a trading volume of $14.675 billion. An Amazon board member sold a large number of shares worth approximately $214 million, and Loop Capital maintained its buy rating.

**Apple** decreased by 0.33% with a trading volume of $12.152 billion. Apple's recent iOS update has attracted attention, but there are market rumors that it did not gain significant benefits from Trump's election.

**Microsoft** saw a rise of 2.12%, with a trading volume of $11.063 billion. Microsoft announced the expansion of Azure OpenAI data regions and expressed anticipation for collaborating with the new government to drive innovation.

**Meta** fell by 0.07% with a trading volume of $10.308 billion. Meta performed well on Wells Fargo's growth list, but Mark Zuckerberg's AI plans face challenges.

**Coinbase Global** surged 31.12% with a trading volume of $8.425 billion. Coinbase benefited from expectations of crypto-friendly policies, and its CEO's welcoming remarks to the new Congress garnered wide attention.

**Trump Media & Technology Group** increased by 5.94% with a trading volume of $6.743 billion. The company's stock soared after Trump's election, and the market is focused on its future policy directions.

**MicroStrategy** rose 13.17% with a trading volume of $6.634 billion. MicroStrategy benefited from the overall strength in blockchain concept stocks, becoming a market focal point.

**Eli Lilly** dropped 3.67% with a trading volume of $6.305 billion. Eli Lilly faced continuous declines, and the market remains cautious about healthcare policies after Trump's election.

**Palantir** increased by 8.55%, with a trading volume of $6.114 billion. Palantir executives plan to sell a large number of shares, and the market remains optimistic about its performance.

**Alphabet A (Google A)** rose 3.99% with a trading volume of $5.855 billion. Google announced a partnership with Saudi Arabia to open an AI center, along with news of executive changes.

**JPMorgan Chase** increased by 11.55% with a trading volume of $5.815 billion. JPMorgan's CEO stated no immediate plans to join the new government and called for post-election unity.

**Bank of America** rose 8.38% with a trading volume of $4.822 billion. Bank of America performed strongly after Trump's election, with the market focused on its financial policy impacts.

**Alphabet C (Google C)** increased by 4.04% with a trading volume of $4.778 billion. Google's C shares are also favored by the market, advancing alongside its A shares.

**Advanced Micro Devices (AMD)** rose 2.43% with a trading volume of $4.696 billion. AMD's data center revenue surpassed Intel for the first time, and the market remains optimistic about its outlook.

**Goldman Sachs** rose 13.09% with a trading volume of $4.662 billion. Goldman Sachs' CEO congratulated Trump on his election, noting that new policies could affect business and clients.

**Wells Fargo** increased by 13.22% with a trading volume of $4.572 billion. Wells Fargo led the financial sector, with the market holding a positive view of its performance under the new government.

**Broadcom** rose 3.25% with a trading volume of $4.267 billion. Broadcom benefited from the overall strength in chip stocks, and the market remains optimistic about its long-term performance.

**Boeing** dropped 2.53% with a trading volume of $4.111 billion. Boeing was impacted by strikes, and the market remains cautious about its future order competition.

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