Volume Stonkers | GE Aerospace fell 9.08%, General Motors exceeds revenue expectations and raises profit guidance
Tuesday, Oct 22, 2024 5:30 pm ET
2min read **NVIDIA**, ranked first in trading volume, fell 0.08% with a turnover of $31.908 billion. NVIDIA continues to accelerate global growth, especially showing positive momentum in AI chip development in India and expansion plans in Thailand. Additionally, the market remains optimistic about its AI application prospects.
**Microsoft**, in second place, rose 2.09% with a turnover of $10.164 billion. Microsoft launched 10 new AI agents covering sales and finance, intensifying competition with Salesforce. Furthermore, Loop Capital maintained its buy rating with a target price of $500.
**Tesla**, ranked third, fell 0.40% with a turnover of $9.335 billion. Tesla is set to release its third-quarter earnings report, with the market focusing on its performance and the impact of its Robotaxi business. Additionally, xAI, led by Musk, released its first API, further driving technological innovation.
**Apple**, in fourth place, fell 0.26% with a turnover of $9.042 billion. Apple is considered to be lagging behind competitors in AI product development, and the market performance of the iPhone 16 is below expectations. Moreover, Goldman Sachs may face substantial fines due to issues with the Apple Card.
**Amazon**, ranked fifth, rose 0.33% with a turnover of $5.482 billion. Amazon launched AI tools for One Medical to reduce physicians' administrative task time and announced the closure of its rapid physical store delivery service, adjusting its business strategy.
**AMD**, in sixth place, fell 2.41% with a turnover of $5.322 billion. The semiconductor sector saw an overall decline, significantly affecting AMD. Nonetheless, the application of AI technology continues to provide long-term growth potential.
**Meta**, ranked seventh, rose 1.19% with a turnover of $4.932 billion. Meta announced the relaunch of facial recognition technology to combat fraud. Meanwhile, the profitability of Reels and AI innovations continue to boost its market competitiveness.
**Microstrategy**, in eighth place, rose 0.30% with a turnover of $2.973 billion. Despite cryptocurrency market volatility, Microstrategy founder Michael Saylor expressed plans to donate all his assets, showing long-term holding confidence.
**GE Aerospace**, ranked ninth, fell 9.08% with a turnover of $2.756 billion. GE Aerospace's third-quarter earnings were mixed, with supply chain issues persisting, and investors expressing concerns about the commercial engine business.
**Google A**, in tenth place, rose 0.65% with a turnover of $2.664 billion. Google's Waymo autonomous driving technology is considered undervalued, with the market optimistic about its future potential. Additionally, Anthropic, a supported company, released AI agent tools.
**Netflix**, ranked eleventh, fell 1.01% with a turnover of $2.278 billion. Netflix's exit from top video game development plans drew market attention. Recently, a co-founder sold a substantial amount of stock, potentially pressuring the stock price.
**General Motors**, in twelfth place, rose 9.81% with a turnover of $2.237 billion. General Motors' third-quarter revenue exceeded expectations, and it raised its full-year profit guidance, showing increased confidence in its future.
**TSMC**, ranked thirteenth, fell 1.71% with a turnover of $2.194 billion. TSMC remains competitive in the semiconductor market, especially in 2nm technology with no clear rivals. However, the overall decline in the semiconductor sector impacted its stock price.
**Broadcom**, in fourteenth place, fell 0.34% with a turnover of $2.124 billion. Broadcom plans to host the VMware Explore event in Barcelona in 2024, continuing to advance GPU and AI technologies.
**Pinduoduo**, ranked fifteenth, rose 2.92% with a turnover of $2.103 billion. BlackRock increased its holdings in Pinduoduo, reflecting confidence in its market potential. Additionally, the positive performance of Chinese assets boosted the Golden Dragon Index.
**Alibaba**, in sixteenth place, fell 0.51% with a turnover of $2.073 billion. Alibaba plans to expand in the Middle East and launched the "Tap to Pay" feature on the HarmonyOS version of Alipay, indicating its international market expansion strategy.
**JPMorgan Chase**, ranked seventeenth, rose 0.53% with a turnover of $2.055 billion. Speculation about CEO Jamie Dimon potentially taking a role in the Harris administration highlights his influence beyond the financial sector.
**Google C**, in eighteenth place, rose 0.62% with a turnover of $1.946 billion. Google continues to innovate in the autonomous driving sector, with market attention on its competition with Tesla. Additionally, the release of AI agent tools further solidifies its technological leadership.
**SMIC**, ranked nineteenth, fell 3.83% with a turnover of $1.894 billion. Despite the stock price decline, positive signals at the OCP Summit indicate its continued investment in technological innovation.
**Philip Morris**, in twentieth place, rose 10.47% with a turnover of $1.864 billion. Philip Morris emphasized strong performance from price increases and released an optimistic annual forecast, receiving a positive market response.
**Microsoft**, in second place, rose 2.09% with a turnover of $10.164 billion. Microsoft launched 10 new AI agents covering sales and finance, intensifying competition with Salesforce. Furthermore, Loop Capital maintained its buy rating with a target price of $500.
**Tesla**, ranked third, fell 0.40% with a turnover of $9.335 billion. Tesla is set to release its third-quarter earnings report, with the market focusing on its performance and the impact of its Robotaxi business. Additionally, xAI, led by Musk, released its first API, further driving technological innovation.
**Apple**, in fourth place, fell 0.26% with a turnover of $9.042 billion. Apple is considered to be lagging behind competitors in AI product development, and the market performance of the iPhone 16 is below expectations. Moreover, Goldman Sachs may face substantial fines due to issues with the Apple Card.
**Amazon**, ranked fifth, rose 0.33% with a turnover of $5.482 billion. Amazon launched AI tools for One Medical to reduce physicians' administrative task time and announced the closure of its rapid physical store delivery service, adjusting its business strategy.
**AMD**, in sixth place, fell 2.41% with a turnover of $5.322 billion. The semiconductor sector saw an overall decline, significantly affecting AMD. Nonetheless, the application of AI technology continues to provide long-term growth potential.
**Meta**, ranked seventh, rose 1.19% with a turnover of $4.932 billion. Meta announced the relaunch of facial recognition technology to combat fraud. Meanwhile, the profitability of Reels and AI innovations continue to boost its market competitiveness.
**Microstrategy**, in eighth place, rose 0.30% with a turnover of $2.973 billion. Despite cryptocurrency market volatility, Microstrategy founder Michael Saylor expressed plans to donate all his assets, showing long-term holding confidence.
**GE Aerospace**, ranked ninth, fell 9.08% with a turnover of $2.756 billion. GE Aerospace's third-quarter earnings were mixed, with supply chain issues persisting, and investors expressing concerns about the commercial engine business.
**Google A**, in tenth place, rose 0.65% with a turnover of $2.664 billion. Google's Waymo autonomous driving technology is considered undervalued, with the market optimistic about its future potential. Additionally, Anthropic, a supported company, released AI agent tools.
**Netflix**, ranked eleventh, fell 1.01% with a turnover of $2.278 billion. Netflix's exit from top video game development plans drew market attention. Recently, a co-founder sold a substantial amount of stock, potentially pressuring the stock price.
**General Motors**, in twelfth place, rose 9.81% with a turnover of $2.237 billion. General Motors' third-quarter revenue exceeded expectations, and it raised its full-year profit guidance, showing increased confidence in its future.
**TSMC**, ranked thirteenth, fell 1.71% with a turnover of $2.194 billion. TSMC remains competitive in the semiconductor market, especially in 2nm technology with no clear rivals. However, the overall decline in the semiconductor sector impacted its stock price.
**Broadcom**, in fourteenth place, fell 0.34% with a turnover of $2.124 billion. Broadcom plans to host the VMware Explore event in Barcelona in 2024, continuing to advance GPU and AI technologies.
**Pinduoduo**, ranked fifteenth, rose 2.92% with a turnover of $2.103 billion. BlackRock increased its holdings in Pinduoduo, reflecting confidence in its market potential. Additionally, the positive performance of Chinese assets boosted the Golden Dragon Index.
**Alibaba**, in sixteenth place, fell 0.51% with a turnover of $2.073 billion. Alibaba plans to expand in the Middle East and launched the "Tap to Pay" feature on the HarmonyOS version of Alipay, indicating its international market expansion strategy.
**JPMorgan Chase**, ranked seventeenth, rose 0.53% with a turnover of $2.055 billion. Speculation about CEO Jamie Dimon potentially taking a role in the Harris administration highlights his influence beyond the financial sector.
**Google C**, in eighteenth place, rose 0.62% with a turnover of $1.946 billion. Google continues to innovate in the autonomous driving sector, with market attention on its competition with Tesla. Additionally, the release of AI agent tools further solidifies its technological leadership.
**SMIC**, ranked nineteenth, fell 3.83% with a turnover of $1.894 billion. Despite the stock price decline, positive signals at the OCP Summit indicate its continued investment in technological innovation.
**Philip Morris**, in twentieth place, rose 10.47% with a turnover of $1.864 billion. Philip Morris emphasized strong performance from price increases and released an optimistic annual forecast, receiving a positive market response.
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