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Volume Stonkers | Lululemon up 15.89%, Citigroup Raises Price Target to $380

Stock SpotlightFriday, Dec 6, 2024 4:30 pm ET
2min read
Tesla rose by 5.34%, with a trading volume of $29.856 billion. Following a site visit to the Austin factory, Tesla received a $400 price target from Bank of America. Additionally, Elon Musk's xAI completed a new round of financing, with its valuation reportedly exceeding $40 billion. Musk has also become one of the largest donors in U.S. presidential campaign history.

Nvidia fell by 1.81%, with a trading volume of $26.269 billion. Nvidia continues to expand in the AI healthcare sector and has invested in AI startup Cohere, which plans to build a large data center in Canada. Nvidia also plans to complete the manufacturing of its Blackwell chips domestically in the U.S.

Meta rose by 2.44%, with a trading volume of $10.51 billion. Meta open-sourced its new Llama 3.3 AI model, which shows significant performance improvements. Additionally, Mark Zuckerberg's wealth has surged, now surpassing the combined fortunes of several well-known billionaires.

Microstrategy rose by 2.23%, with a trading volume of $10.17 billion. Bitcoin's price exceeded $100,000, and Microstrategy's stock price surpassed the $400 mark.

Amazon rose by 2.94%, with a trading volume of $9.869 billion. Amazon successfully tested drone delivery services in Italy and is facing a lawsuit in Washington, D.C., accusing it of depriving low-income communities of Prime delivery services.

Apple fell by 0.08%, with a trading volume of $8.702 billion. Apple plans to invest $1 billion in Indonesia to build a component factory and intends to launch its own communication chips next year, gradually replacing Qualcomm components.

Microsoft rose by 0.22%, with a trading volume of $8.158 billion. Microsoft's options activity has significantly increased, becoming a focal point in the market.

UnitedHealth fell by 5.09%, with a trading volume of $7.114 billion. An incident involving the shooting death of a UnitedHealth executive has drawn widespread attention, and the suspect may have left New York City.

Palantir rose by 6.22%, with a trading volume of $6.910 billion. Palantir has partnered with Shield AI to develop AI unmanned aircraft systems, and the stock reached an all-time high.

Coinbase Global rose by 7.19%, with a trading volume of $5.545 billion. Coinbase directors sold a large number of shares, and the rise in Bitcoin prices has driven its stock price higher.

Broadcom rose by 5.32%, with a trading volume of $4.931 billion. Broadcom recorded its strongest performance in three months, and the market remains optimistic about its year-end earnings.

AMD fell by 1.96%, with a trading volume of $4.633 billion. AMD executives sold a large number of shares, although Wells Fargo continues to maintain its buy rating.

Lululemon Athletica rose by 15.89%, with a trading volume of $4.373 billion. Lululemon delivered excellent performance, leading Citigroup to raise its price target to $380.

SMCI rose by 6.78%, with a trading volume of $4.127 billion. SMCI dismissed its financial executive, though it denied any misconduct.

Applovin rose by 5.92%, with a trading volume of $3.743 billion. Macquarie Group raised Applovin's price target to $450, maintaining its buy rating.

Alphabet Class A rose by 1.20%, with a trading volume of $3.686 billion. Alphabet's Waymo expanded into Miami, with plans to offer services locally by 2026.

SoundHound AI rose by 12.60%, with a trading volume of $3.077 billion. SoundHound AI's stock performed impressively and is considered a promising potential stock.

Netflix rose by 1.84%, with a trading volume of $2.730 billion. Netflix is poised to reach a historic high closing price and has received buy ratings from multiple financial institutions.

Eli Lilly rose by 0.13%, with a trading volume of $2.525 billion. Eli Lilly plans to invest $3 billion to expand its U.S. production facilities to address the shortage of weight-loss drugs.

Uber rose by 1.43%, with a trading volume of $2.371 billion. Uber will launch a robotaxi service in Abu Dhabi and collaborate with WeRide.
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.