Volume Stonkers | Palantir surged 6.58%, NVIDIA Plans RTX 50 Launch, AI Summit in D.C.
AInvestTuesday, Oct 8, 2024 5:30 pm ET
2min read
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**NVIDIA** rose by 4.05% with a trading volume of $37.384 billion. NVIDIA plans to unveil the RTX 50 series at CES and kick off a global "AI Summit" tour in Washington, D.C. AI is expected to impact various industries by up to $20 trillion.

**Tesla** increased by 1.52%, with a trading volume of $13.678 billion. Tesla is preparing for Robotaxi Day to showcase cars without steering wheels and humanoid robots, with computing power deemed equivalent to the combined domestic car manufacturers.

**Microsoft** climbed 1.26%, reaching a trading volume of $7.855 billion. Microsoft is expanding its content partnership with OpenAI, with Q3 earnings approaching. Analysts are focusing on the impact of economic slowdown on tech giants.

**Apple** went up 1.84%, with a trading volume of $7.055 billion. Sales of the iPhone 16 Pro have increased, while basic models lag. Analysts have differing opinions.

**AMD (Advanced Micro Devices)** rose by 1.07%, with a trading volume of $5.963 billion. Analysts reaffirmed an overweight rating for AMD, maintaining a target price of $180.

**SMIC** fell by 5.01%, with a trading volume of $4.797 billion. SMIC announced shipments of over 100,000 new liquid-cooled GPUs for Q1, causing market fluctuations.

**Amazon** increased by 1.06%, with a trading volume of $4.761 billion. Amazon's Prime Day offers exclusive solar generator deals, while Wells Fargo downgraded its rating.

**Meta** rose by 1.39%, with a trading volume of $4.494 billion. Meta launched AI video tools for advertisers, enhancing collaboration with content creators.

**Alibaba** dropped 6.63%, with a trading volume of $4.078 billion. Alibaba recorded its largest decline since November 2023, as major Chinese stocks generally fell.

**Microstrategy** climbed 3.28%, with a trading volume of $4.027 billion. Microstrategy continues strategic Bitcoin purchases, with active options trading.

**Broadcom** rose by 3.23%, with a trading volume of $3.687 billion. Broadcom is rated overweight, with strong chip sales and positive market sentiment.

**Pinduoduo** fell by 5.38%, with a trading volume of $3.573 billion. Pinduoduo dropped over 8% amid a general decline in Chinese stocks, influenced by U.S. CPI data concerns.

**Alphabet A (Google)** increased 0.86%, with a trading volume of $3.284 billion. Facing legal challenges in an antitrust case, its dominance in the Android app market might be disrupted.

**Palantir** surged 6.58%, with a trading volume of $2.525 billion. Insiders sold a significant amount of Palantir stock, and an options income strategy ETF was launched.

**Netflix** rose 2.83%, with a trading volume of $2.280 billion. Analysts are optimistic about Netflix becoming the preferred platform for TV and movies, with potential future sports streaming.

**Diamondback Energy** fell by 2.87%, with a trading volume of $2.086 billion. Energy stocks retreated following tensions in the Middle East.

**Eli Lilly** increased by 1.71%, with a trading volume of $2.006 billion. Eli Lilly entered a new partnership with Qinotto, and the FDA's removal of its weight-loss drug from the shortage list drew attention.

**Alphabet C (Google)** rose by 0.80%, with a trading volume of $1.936 billion. Similar to Alphabet A, it faces potential impacts from the antitrust case ruling.

**Micron Technology** decreased by 0.36%, with a trading volume of $1.918 billion. Analysts maintain a buy rating, with the tech sector remaining a focal point for investors.

**TSMC (Taiwan Semiconductor Manufacturing Company)** increased by 0.84%, with a trading volume of $1.873 billion. TSMC's use of NVIDIA's platform for production is sparking a new wave of innovation in semiconductor manufacturing.
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