Volume Stonkers | NVIDIA rose 8.03%, Oracle Uses Blackwell for Zettascale Cloud

Generated by AI AgentStock Spotlight
Wednesday, Sep 11, 2024 5:30 pm ET3min read
NVIDIA, ranked first by trading volume, rose 8.03% with a trading volume of $48.652 billion. NVIDIA executives plan to sell 120,000 shares valued at approximately $13.4198 million. The company's options market was active, with 6.2885 million contracts traded and 27.9279 million open contracts. Additionally, NVIDIA's Blackwell platform is being used by Oracle for the Zettascale cloud computing cluster.

Tesla, in second place, saw its stock rise 0.90% with a trading volume of $18.509 billion. Elon Musk announced that Tesla will mass-produce the Dojo 2 AI training chips by the end of 2025. Analysts praised Tesla's efforts in automotive, energy storage, Optimus, and Robotaxi sectors.

Apple, ranked third, rose 1.12% with a trading volume of $9.695 billion. Morgan Stanley funds indicated that Apple's AI phone is expected to usher in a super cycle. Wedbush forecasts that the iPhone 16 will trigger a "replacement wave," potentially pushing Apple's market cap to $4 trillion next year.

Microsoft, in fourth place, saw its stock rise 2.20% with a trading volume of $7.988 billion. Microsoft will hold a cybersecurity summit to bolster security confidence. OpenAI is in talks to raise $6.5 billion at a valuation of $150 billion and plans to secure $5 billion in debt financing through a revolving credit facility.

Amazon, ranked fifth, rose 2.73% with a trading volume of $7.629 billion. AWS plans to invest £8 billion in the UK to build data centers over the next five years and expand operations in Brazil with an estimated investment of 10 billion reals.

Advanced Micro Devices (AMD), in sixth place, rose 4.90% with a trading volume of $7.348 billion. Goldman Sachs maintained a buy rating on AMD with a target price of $175. Company directors plan to sell 80,000 shares valued at approximately $11.4272 million, and the market share quickly increased to 30%.

Broadcom, ranked seventh, saw its stock rise 6.75% with a trading volume of $6.099 billion. Broadcom's options market was active, with 338,100 contracts traded and 2.6197 million open contracts. The company released its quarterly report, performing strongly in the tech sector.

Meta, in eighth place, rose 1.40% with a trading volume of $5.388 billion. Meta's options market was active, with 235,700 contracts traded and 2.1603 million open contracts. In a social media showdown, Musk is closing in on Zuckerberg, with Meta and Alphabet strongly supporting U.S. dividend growth.

Alphabet A, ranked ninth, rose 1.78% with a trading volume of $4.342 billion. Google lost its EU antitrust case and must pay a €2.42 billion fine. The company signed an agreement with New Age to purchase 100,000 DAC credits at $100 per ton. Additionally, Google introduced an audio summary feature in NotebookLM.

SMIC, in tenth place, rose 7.92% with a trading volume of $3.141 billion. The tech sector performed strongly, especially chip stocks. Vice President Harris expressed a desire to invest in U.S. technology to win the competition in AI and quantum computing.

JPMorgan Chase, ranked eleventh, saw its stock rise 0.78% with a trading volume of $2.752 billion. JPMorgan Chase announced that David Bauer will join the bank as co-head of Americas equity capital markets. The financial sector showed volatility, with midday headlines indicating AWS will invest $10.5 billion to build UK data centers.

Alphabet C, in twelfth place, rose 1.43% with a trading volume of $2.742 billion. The company lost its EU antitrust case and must pay a €2.42 billion fine. Google signed an agreement with New Age to purchase 100,000 DAC credits at $100 per ton and launched an audio summary feature in NotebookLM.

Berkshire Hathaway B, ranked thirteenth, fell 1.25% with a trading volume of $2.593 billion. Warren Buffett's Berkshire Hathaway sold $228.7 million worth of Bank of America shares from September 6 to 10, with the pace of selling slowing down.

TSMC, in fourteenth place, rose 4.80% with a trading volume of $2.492 billion. JPMorgan expects TSMC's third-quarter results to exceed guidance and maintains an "overweight" rating. The company's revenue grew 30.8% year-on-year from January to August.

Eli Lilly, ranked fifteenth, rose 2.03% with a trading volume of $2.488 billion. Eli Lilly's phase 3 trial showed that Efsitora is effective for adults with type 1 or type 2 diabetes. Novo Nordisk and Eli Lilly continue to dominate the GLP-1 weight loss drug market.

Palantir, in sixteenth place, rose 0.26% with a trading volume of $2.327 billion. Palantir showcased a range of new technology at AIPCon. Bank of America Securities maintained a buy rating on Palantir with a target price of $50.

ExxonMobil, ranked seventeenth, fell 1.00% with a trading volume of $2.137 billion. Hurricane Francine threatens Louisiana, leading to the closure of some oil facilities in the Gulf of Mexico. Exxon and other U.S. oil giants are preparing to face the tropical storm.

UnitedHealth, in eighteenth place, fell 1.65% with a trading volume of $2.078 billion. UnitedHealth followed its competitors by using lower-cost biosimilars to replace Humira. Bank of America Securities initiated a buy rating on UnitedHealth.

ASML, ranked nineteenth, rose 6.49% with a trading volume of $1.993 billion. Market rumors suggest ASML needs to obtain an export license for software updates to supply China. The company's investor day will focus on long-term prospects.

Oracle, in twentieth place, rose 0.78% with a trading volume of $1.935 billion. Oracle launched the Zettascale cloud computing cluster, utilizing NVIDIA's Blackwell platform for acceleration. The company acquired up to 131,072 Blackwell chips from NVIDIA.

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