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Volume Stonkers | Intel rose 7.81%, Replaced by NVIDIA in Dow Jones

Stock SpotlightFriday, Nov 1, 2024 5:30 pm ET

2min read

NVIDIA rose 1.97%, with a trading volume of $26.551 billion. NVIDIA announced its inclusion in the Dow Jones Industrial Average, replacing Intel. Additionally, SoftBank founder Masayoshi Son stated that NVIDIA's stock is undervalued and is optimistic about its future development in super AI.

Amazon increased by 6.19%, with a trading volume of $19.591 billion. Amazon's third-quarter earnings report showed strong growth in its cloud computing business, with an expected capital expenditure of $75 billion for the year, mainly for generative AI development.

Apple declined by 1.33%, with a trading volume of $14.147 billion. Apple's fourth fiscal quarter saw growth in iPhone revenues, but its performance in the Chinese market was weak, and it also faces pressure to pay billions in back taxes.

Tesla fell by 0.35%, with a trading volume of $14.031 billion. Tesla executive Kimbal Musk plans to sell some of his shares, and the company sold nearly $500 million in asset-backed securities.

Microsoft rose by 0.99%, with a trading volume of $9.828 billion. Microsoft Azure's revenue grew over 30% in the third quarter, but growth is expected to slow in the fourth quarter. The company plans to invest $10 billion in CoreWeave's data centers.

Meta dropped by 0.07%, with a trading volume of $8.678 billion. Meta's third-quarter results showed an 11% increase in average ad prices year-over-year, and the company continues to bolster its investments in AI.

Microstrategy declined by 6.05%, with a trading volume of $6.207 billion. Microstrategy's options trading showed unusual activity, and the drop in Bitcoin prices below $70,000 is putting pressure on its business.

AMD (Advanced Micro Devices) fell by 1.53%, with a trading volume of $5.481 billion. AMD is optimistic about the PC market in 2025 and plans to release its next-generation MI350 chip in the second half of 2025.

Google A increased by 0.11%, with a trading volume of $5.326 billion. Google faces challenges from Indonesian foreign investment regulations, with its Pixel phones banned from sale, while UBS raised its target price to $192.

Eli Lilly declined by 1.36%, with a trading volume of $3.927 billion. The U.S. Department of Justice accused Eli Lilly of misleading driver earnings, resulting in civil penalties, and Deutsche Bank lowered its target price.

Intel rose by 7.81%, with a trading volume of $3.894 billion. Intel's third-quarter revenue exceeded expectations, and it issued an optimistic quarterly outlook, but Standard & Poor's Dow Jones Indices announced its replacement by NVIDIA.

Google C fell by 0.02%, with a trading volume of $3.7 billion. Google is facing regulatory challenges in Indonesia, and its AI spending continues to dominate revenue growth.

Broadcom dropped by 0.50%, with a trading volume of $3.001 billion. Broadcom is collaborating with OpenAI to develop custom chips, while Apple plans to launch its own Wi-Fi chips next year to reduce dependence on Broadcom.

Boeing rose by 3.58%, with a trading volume of $2.902 billion. Boeing reached a new tentative agreement with its union, potentially ending a strike, with union members set to vote on November 4.

SMIC fell by 10.51%, with a trading volume of $2.727 billion. SMIC faces delisting risks and has sounded the alarm on AI speculation in the U.S. stock market, recently signing an amended loan agreement with Cathay Bank.

Coinbase Global rose by 2.03%, with a trading volume of $2.653 billion. Piper Sandler reaffirmed Coinbase's neutral rating with a target price of $245, and the company's options trading surged.

Booking Holdings increased by 1.56%, with a trading volume of $2.464 billion. Booking Holdings showed strong performance in the third quarter, with Deutsche Bank raising its target price to $5,200.

TSMC (Taiwan Semiconductor Manufacturing Company) rose by 1.29%, with a trading volume of $2.46 billion. TSMC expects to receive the world's most advanced high-numerical-aperture extreme ultraviolet lithography machines from ASML by the end of the year, further boosting its chip manufacturing capabilities.

Uber rose by 1.67%, with a trading volume of $2.431 billion. Uber is moving towards achieving its mid-term goals, with analysts expecting slower growth but strong profit margins.

Trump Media & Technology Group fell by 13.53%, with a trading volume of $2.43 billion. The stock price of Trump Media & Technology Group showed significant volatility, with market rumors suggesting a potential acquisition by Elon Musk.

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CarterUdy02

11/02

$NVDA I'm positive it's just a coincidence that they chose to release this news on a f'n Friday after shaking people out of their shares all week. 🙄 I managed to buy the dip yesterday, but good lord this market is rigged against retail investors.

Sophia Clarke

$NVDA Great news! It's a perfect convergence of positive events for NVIDIA. With the Dow inclusion and the prelude to an eagerly anticipated earnings report, the timing couldn't be more ideal. Rarely do we see such aligned catalysts, and when they strike, it genuinely feels like an unexpected windfall. Let's sit back and watch the show unfold while our calls ride this momentum wave!

alvisanovari

11/01

$INTC is keeping the stock pinned up, indicating a potential gap down on Monday. They're trying to convince investors to continue holding. Those who claim this isn't significant don't get it. The insane aspect is how these Major Market players manipulate stocks to openly rob retail investors. It's ridiculous how no one analyzes anything properly in today's markets.

ultrapcb

I had $138 calls in $NVDA that expired today, resulting in a significant loss. I'm incredibly frustrated and wish I could express my anger.

ExeusV

$NVDA Still at Disneyland, everyone. Just got a notification on my phone and I'm losing it haha. Gotta run, but I'll be back later. Anybody else @alpharr short 20k? Let's see, that's 20,000 x $3.26 as of now. That's got to hurt... Don't mess with the bull, you get the horns!!!

LabDaddy59

I've just bought $NVDA back for 2250 shares at $137.90 each.

SuperRedHulk1

Another Day Closer to the Presidential Election: A Look at NVIDIA's Earnings and the Market's Response It's hard to ignore the parallels between now and 2020. On the charts, it looks like the market peaked on the day Biden was declared the winner and has since taken a dip, but managed a 20% rise in less than a week, indicating some profit taking might have been in order. Then there were the earnings, and I have to admit, I'm stumped by the lackluster response. Perhaps it was just a case of expectations being too high after that stellar performance in 2020. Remind you, I wasn't invested in NVDA in 2020, so I don't' remember the earnings call, but ChatGPT has this to say about it: "Earnings Summary: NVIDIA's Q3 2020 earnings report, released on November 18, 2020, was a real showstopper. The company reported revenue of $4.73 billion, a staggering 57% increase year-over-year. The growth was fueled by strong performance in the data center and gaming segments. The net income was $1.34 billion, reflected in significant profitability, and the earnings per share (EPS) reached $2.91, exceeding analyst expectations by leaps and bounds. These results showcased NVIDIA's dominance in high-performance computing and AI markets." So, what can we expect moving forward? I'm betting on a flat to small movement one way or another on Monday, and then some big moves by Wednesday or Thursday. It's anyone's guess, really, but that's the beauty of it all.

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