icon
icon
icon
icon
Upgrade
upgrade
Volume Stonkers | Coinbase surged 31.12%, CEO's Remarks on Crypto-Friendly Policies Attract Wide Attention
AInvestWednesday, Nov 6, 2024 4:30 pm ET
2min read
NVDA --
QCOM --
TSLA --
**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.
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.