Volume Stonkers | MicroStrategy rose 10.06%, plans $2.6B note sale for Bitcoin, surpasses top gold miners in value
Wednesday, Nov 20, 2024 4:30 pm ET
2min read NVIDIA fell by 0.76% with a trading volume of $39.747 billion. NVIDIA's Q3 professional visualization revenue exceeded expectations, and the company announced plans to begin Blackwell production and shipping in the fourth quarter of fiscal year 2025. Additionally, NVIDIA faces supply constraints, with demand for Blackwell expected to exceed supply in fiscal year 2026.
MicroStrategy rose by 10.06% with a trading volume of $33.038 billion. MicroStrategy plans to sell $2.6 billion worth of notes to purchase Bitcoin, pushing its market capitalization beyond the combined total of the world's two largest gold mining companies, with its stock price reaching an all-time high.
Tesla fell by 1.15% with a trading volume of $22.245 billion. Tesla's chairman sold $35 million worth of stock amid a surge in share price, and Tesla's valuation reached $50 billion following XAI financing.
Target dropped by 21.97% with a trading volume of $7.918 billion. Target's Q3 performance fell short of expectations, leading to a downward revision of its full-year guidance, which negatively impacted the U.S. retail sector and raised concerns among analysts about its future performance.
Microsoft declined by 0.55% with a trading volume of $7.631 billion. Microsoft launched the Azure AI Foundry, a one-stop AI development platform, and opened its first AI research lab in Tokyo, demonstrating its continued investment in the AI sector.
Apple rose by 0.32% with a trading volume of $7.547 billion. Apple argued in a U.S. federal court to dismiss the Department of Justice's antitrust lawsuit, claiming there is no substantial evidence of harm to consumers or developers.
Coinbase Global fell by 1.41% with a trading volume of $7.165 billion. A director at Coinbase sold over one million shares of common stock, while Bitcoin's price approached an all-time high, driving a broad rally in the cryptocurrency market.
Amazon declined by 0.85% with a trading volume of $6.545 billion. Amazon continues to lead in pricing over other retailers, with market analysts keeping a close eye on its competitive advantage in the retail sector.
Meta increased by 0.79% with a trading volume of $5.447 billion. Meta introduced AI background and noise suppression features for Messenger calls, showcasing its active application of AI technologies.
AMD dropped by 1.28% with a trading volume of $3.838 billion. AMD plans to enter the mobile sector by launching the "Ryzen AI" mobile SoC and further expanding into high-performance computing.
Eli Lilly rose by 3.23% with a trading volume of $3.837 billion. Eli Lilly reached an agreement with a Chinese biotech company to co-develop new weight-loss therapies and is collaborating with Verge Genomics on ALS drug development.
Palantir fell by 1.38% with a trading volume of $3.586 billion. Jefferies analysts warned that Palantir's recent stock surge might not be sustainable, and the market is concerned about insider selling by its executives.
Netflix increased by 1.44% with a trading volume of $3.560 billion. Wall Street analysts are optimistic about Netflix's future stock performance, raising the target price to $1,100.
Google A fell by 1.20% with a trading volume of $3.321 billion. DuckDuckGo called on the European Commission to investigate Google's compliance with the Digital Markets Act, with Google facing regulatory pressure globally.
MARA Holdings rose by 13.95% with a trading volume of $2.674 billion. MARA Holdings, influenced by the strong cryptocurrency market, announced the issuance of convertible notes to increase Bitcoin holdings and repurchase debt.
Broadcom declined by 1.27% with a trading volume of $2.661 billion. Amid a general decline in tech stocks, Broadcom saw active options trading, with the market maintaining a cautious outlook on its future earnings.
Google C fell by 1.25% with a trading volume of $2.638 billion. Alphabet's venture capital arm, Odoo, saw an increase in valuation, drawing attention to its investment strategy.
SMIC dropped by 8.74% with a trading volume of $2.533 billion. SMIC attracted attention due to the appointment of a new auditor, with the market hopeful for improvements in the future.
UnitedHealth rose by 4.12% with a trading volume of $2.339 billion. UnitedHealth and Amgen's stock gains led the Dow Jones index higher, with continued focus on their performance in the health insurance sector.
AppLovin increased by 1.26% with a trading volume of $2.337 billion. AppLovin gained market attention due to investment institutions' optimism about its future growth potential, announcing plans to issue senior notes to support further expansion.
MicroStrategy rose by 10.06% with a trading volume of $33.038 billion. MicroStrategy plans to sell $2.6 billion worth of notes to purchase Bitcoin, pushing its market capitalization beyond the combined total of the world's two largest gold mining companies, with its stock price reaching an all-time high.
Tesla fell by 1.15% with a trading volume of $22.245 billion. Tesla's chairman sold $35 million worth of stock amid a surge in share price, and Tesla's valuation reached $50 billion following XAI financing.
Target dropped by 21.97% with a trading volume of $7.918 billion. Target's Q3 performance fell short of expectations, leading to a downward revision of its full-year guidance, which negatively impacted the U.S. retail sector and raised concerns among analysts about its future performance.
Microsoft declined by 0.55% with a trading volume of $7.631 billion. Microsoft launched the Azure AI Foundry, a one-stop AI development platform, and opened its first AI research lab in Tokyo, demonstrating its continued investment in the AI sector.
Apple rose by 0.32% with a trading volume of $7.547 billion. Apple argued in a U.S. federal court to dismiss the Department of Justice's antitrust lawsuit, claiming there is no substantial evidence of harm to consumers or developers.
Coinbase Global fell by 1.41% with a trading volume of $7.165 billion. A director at Coinbase sold over one million shares of common stock, while Bitcoin's price approached an all-time high, driving a broad rally in the cryptocurrency market.
Amazon declined by 0.85% with a trading volume of $6.545 billion. Amazon continues to lead in pricing over other retailers, with market analysts keeping a close eye on its competitive advantage in the retail sector.
Meta increased by 0.79% with a trading volume of $5.447 billion. Meta introduced AI background and noise suppression features for Messenger calls, showcasing its active application of AI technologies.
AMD dropped by 1.28% with a trading volume of $3.838 billion. AMD plans to enter the mobile sector by launching the "Ryzen AI" mobile SoC and further expanding into high-performance computing.
Eli Lilly rose by 3.23% with a trading volume of $3.837 billion. Eli Lilly reached an agreement with a Chinese biotech company to co-develop new weight-loss therapies and is collaborating with Verge Genomics on ALS drug development.
Palantir fell by 1.38% with a trading volume of $3.586 billion. Jefferies analysts warned that Palantir's recent stock surge might not be sustainable, and the market is concerned about insider selling by its executives.
Netflix increased by 1.44% with a trading volume of $3.560 billion. Wall Street analysts are optimistic about Netflix's future stock performance, raising the target price to $1,100.
Google A fell by 1.20% with a trading volume of $3.321 billion. DuckDuckGo called on the European Commission to investigate Google's compliance with the Digital Markets Act, with Google facing regulatory pressure globally.
MARA Holdings rose by 13.95% with a trading volume of $2.674 billion. MARA Holdings, influenced by the strong cryptocurrency market, announced the issuance of convertible notes to increase Bitcoin holdings and repurchase debt.
Broadcom declined by 1.27% with a trading volume of $2.661 billion. Amid a general decline in tech stocks, Broadcom saw active options trading, with the market maintaining a cautious outlook on its future earnings.
Google C fell by 1.25% with a trading volume of $2.638 billion. Alphabet's venture capital arm, Odoo, saw an increase in valuation, drawing attention to its investment strategy.
SMIC dropped by 8.74% with a trading volume of $2.533 billion. SMIC attracted attention due to the appointment of a new auditor, with the market hopeful for improvements in the future.
UnitedHealth rose by 4.12% with a trading volume of $2.339 billion. UnitedHealth and Amgen's stock gains led the Dow Jones index higher, with continued focus on their performance in the health insurance sector.
AppLovin increased by 1.26% with a trading volume of $2.337 billion. AppLovin gained market attention due to investment institutions' optimism about its future growth potential, announcing plans to issue senior notes to support further expansion.
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