Volume Stonkers | Oracle surged 11.39%, Q1 Cloud Revenue Exceeded Expectations
Tuesday, Sep 10, 2024 5:30 pm ET
2min read NVIDIA rose by 1.53%, with a trading volume of $28.31 billion. CEO Jensen Huang is set to speak on Wednesday, and investors are eagerly awaiting updates on the Blackwell chip. Additionally, executives plan to sell 120,000 shares valued at approximately $12.83 million.
Tesla increased by 4.58%, with a trading volume of $17.48 billion. Tesla's stock price surged on reports that the company's insurance registrations in China grew by 12.5% weekly. Deutsche Bank unexpectedly turned bullish, highlighting the growth potential of Robotaxi.
Apple fell by 0.36%, with a trading volume of $11.31 billion. The Apple event unveiled the iPhone 16 series and new AirPods. However, Wall Street believes a significant upgrade cycle will occur with the iPhone 17. The market potential for AirPods as hearing aids is estimated at $13 billion.
Microsoft rose by 2.09%, with a trading volume of $8.07 billion. Executives plan to sell 17,400 shares valued at approximately $7.16 million. The company will present at the Goldman Sachs Communications + Technology Conference.
Amazon increased by 2.37%, with a trading volume of $6.48 billion. Amazon and Oracle have initiated a significant cloud growth opportunity and have been listed by UBS as one of the top stocks for 2024. Etsy is competing with Amazon by offering free shipping through the Etsy Insider membership.
Oracle surged by 11.39%, with a trading volume of $5.85 billion. Oracle's first-quarter cloud infrastructure revenue exceeded expectations. The company launched powerful generative AI RAG agents and enhanced AI services to help customers address business challenges.
JPMorgan Chase fell by 5.19%, with a trading volume of $5.82 billion. The stock declined after the COO's outlook dampened analyst expectations. The company will host its Q3 2024 earnings call.
Broadcom rose by 5.25%, with a trading volume of $5.28 billion. Broadcom's latest results confirmed its significant role in the new AI era, with Q4 AI revenue expected to grow by 10% quarter-over-quarter.
AMD increased by 3.40%, with a trading volume of $5.17 billion. AMD continues to focus on data center infrastructure, rapidly increasing its market share to 30%. Sony's PlayStation 5 Pro, with a 45% performance boost, is set to release in November.
Meta remained unchanged, with a trading volume of $4.82 billion. Analysts noted that Meta exemplifies founder-led leadership among mega-cap companies and will participate in a hearing on September 18.
Alphabet A fell by 0.03%, with a trading volume of $4.49 billion. The second antitrust case against Google has commenced, with the U.S. Department of Justice accusing it of monopolizing up to 91% of the ad tech market. Starting October 1, Google Ads will allow beer-related information to be published in Poland.
Palantir rose by 0.43%, with a trading volume of $3.11 billion. Palantir was included in the S&P 500 Index, receiving high praise from Wedbush. Chairman Peter Thiel is preparing to sell up to $1 billion worth of shares.
Alphabet C rose by 0.31%, with a trading volume of $3.05 billion. The second antitrust case against Google has commenced, with the U.S. Department of Justice accusing it of monopolizing up to 91% of the ad tech market.
Exxon Mobil fell by 3.64%, with a trading volume of $2.33 billion. The Baton Rouge refinery in Louisiana is reducing production due to an approaching storm. Additionally, OPEC has lowered its demand forecast, causing oil prices to fall to $65.
Bank of America fell by 0.43%, with a trading volume of $2.04 billion. The bank expects weak investment banking activity in Q3, with trading revenue showing modest growth. Piper Sandler lowered its price target from $44 to $43.
SMIC rose by 0.70%, with a trading volume of $2.02 billion. SMIC's presentation at the Goldman Sachs Communications + Technology Conference garnered significant attention.
TSMC fell by 0.18%, with a trading volume of $1.91 billion. TSMC's August sales increased by 33% year-over-year, and iPhone 16 orders are expected to further boost performance.
Eli Lilly fell by 0.77%, with a trading volume of $1.74 billion. The QWINt-2 trial showed that Eli Lilly's diabetes drug EfiTrio was comparable to daily insulin degludec in reducing A1c levels.
UnitedHealth rose by 0.83%, with a trading volume of $1.72 billion. UnitedHealth will remove AbbVie's Humira from some U.S. reimbursement lists, joining Cigna and CVS.
Goldman Sachs fell by 4.39%, with a trading volume of $1.68 billion. CEO David Solomon warned that Q3 earnings might be disappointing, with trading revenue expected to decrease by 10%. Additionally, Goldman Sachs is selling a $2 billion General Motors credit card portfolio to Barclays Bank.
Tesla increased by 4.58%, with a trading volume of $17.48 billion. Tesla's stock price surged on reports that the company's insurance registrations in China grew by 12.5% weekly. Deutsche Bank unexpectedly turned bullish, highlighting the growth potential of Robotaxi.
Apple fell by 0.36%, with a trading volume of $11.31 billion. The Apple event unveiled the iPhone 16 series and new AirPods. However, Wall Street believes a significant upgrade cycle will occur with the iPhone 17. The market potential for AirPods as hearing aids is estimated at $13 billion.
Microsoft rose by 2.09%, with a trading volume of $8.07 billion. Executives plan to sell 17,400 shares valued at approximately $7.16 million. The company will present at the Goldman Sachs Communications + Technology Conference.
Amazon increased by 2.37%, with a trading volume of $6.48 billion. Amazon and Oracle have initiated a significant cloud growth opportunity and have been listed by UBS as one of the top stocks for 2024. Etsy is competing with Amazon by offering free shipping through the Etsy Insider membership.
Oracle surged by 11.39%, with a trading volume of $5.85 billion. Oracle's first-quarter cloud infrastructure revenue exceeded expectations. The company launched powerful generative AI RAG agents and enhanced AI services to help customers address business challenges.
JPMorgan Chase fell by 5.19%, with a trading volume of $5.82 billion. The stock declined after the COO's outlook dampened analyst expectations. The company will host its Q3 2024 earnings call.
Broadcom rose by 5.25%, with a trading volume of $5.28 billion. Broadcom's latest results confirmed its significant role in the new AI era, with Q4 AI revenue expected to grow by 10% quarter-over-quarter.
AMD increased by 3.40%, with a trading volume of $5.17 billion. AMD continues to focus on data center infrastructure, rapidly increasing its market share to 30%. Sony's PlayStation 5 Pro, with a 45% performance boost, is set to release in November.
Meta remained unchanged, with a trading volume of $4.82 billion. Analysts noted that Meta exemplifies founder-led leadership among mega-cap companies and will participate in a hearing on September 18.
Alphabet A fell by 0.03%, with a trading volume of $4.49 billion. The second antitrust case against Google has commenced, with the U.S. Department of Justice accusing it of monopolizing up to 91% of the ad tech market. Starting October 1, Google Ads will allow beer-related information to be published in Poland.
Palantir rose by 0.43%, with a trading volume of $3.11 billion. Palantir was included in the S&P 500 Index, receiving high praise from Wedbush. Chairman Peter Thiel is preparing to sell up to $1 billion worth of shares.
Alphabet C rose by 0.31%, with a trading volume of $3.05 billion. The second antitrust case against Google has commenced, with the U.S. Department of Justice accusing it of monopolizing up to 91% of the ad tech market.
Exxon Mobil fell by 3.64%, with a trading volume of $2.33 billion. The Baton Rouge refinery in Louisiana is reducing production due to an approaching storm. Additionally, OPEC has lowered its demand forecast, causing oil prices to fall to $65.
Bank of America fell by 0.43%, with a trading volume of $2.04 billion. The bank expects weak investment banking activity in Q3, with trading revenue showing modest growth. Piper Sandler lowered its price target from $44 to $43.
SMIC rose by 0.70%, with a trading volume of $2.02 billion. SMIC's presentation at the Goldman Sachs Communications + Technology Conference garnered significant attention.
TSMC fell by 0.18%, with a trading volume of $1.91 billion. TSMC's August sales increased by 33% year-over-year, and iPhone 16 orders are expected to further boost performance.
Eli Lilly fell by 0.77%, with a trading volume of $1.74 billion. The QWINt-2 trial showed that Eli Lilly's diabetes drug EfiTrio was comparable to daily insulin degludec in reducing A1c levels.
UnitedHealth rose by 0.83%, with a trading volume of $1.72 billion. UnitedHealth will remove AbbVie's Humira from some U.S. reimbursement lists, joining Cigna and CVS.
Goldman Sachs fell by 4.39%, with a trading volume of $1.68 billion. CEO David Solomon warned that Q3 earnings might be disappointing, with trading revenue expected to decrease by 10%. Additionally, Goldman Sachs is selling a $2 billion General Motors credit card portfolio to Barclays Bank.
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