Volume Stonkers | Palantir surges 23.99%, Spotify Reports First Profitable Year with Strong Quarterly Revenue Projection

Generated by AI AgentStock Spotlight
Tuesday, Feb 4, 2025 4:31 pm ET2min read
NVIDIA ranked first, rising 1.71% with a trading volume of $29.811 billion. NVIDIA alleviated investor concerns with its better-than-expected fourth-quarter performance and progress on its Blackwell chips.

Palantir came in second, surging 23.99% with a trading volume of $23.709 billion. Palantir's fourth-quarter revenue increased by 36% and is seen as a potential trillion-dollar market cap stock.

Tesla ranked third, increasing by 2.22% with a trading volume of $21.900 billion. Tesla launched a cheaper version of the Cybertruck in Canada and raised the price of its base series.

Apple was fourth, up 2.10% with a trading volume of $10.294 billion. Apple introduced a new Invites app and adjusted its Care+ service plans to enhance subscription revenue.

Meta ranked fifth, rising 0.97% with a trading volume of $9.651 billion. Meta is merging the Facebook and Messenger teams into a single unit, reshaping its generative AI division.

Microsoft was sixth, up 0.35% with a trading volume of $8.406 billion. Despite challenges from DeepSeek, NVIDIA remains a popular choice for GPUs at Microsoft.

Alphabet's Google A was seventh, rising 2.56% with a trading volume of $7.875 billion. Google's service revenue grew by 10%, while Google Cloud revenue increased by 30%.

Amazon ranked eighth, up 1.95% with a trading volume of $6.973 billion. Amazon signed a strategic partnership with the Bouygues Group to accelerate digital transformation across operations.

Advanced Micro Devices (AMD) was ninth, climbing 4.58% with a trading volume of $6.195 billion. AMD's fourth-quarter performance exceeded expectations, setting an optimistic first-quarter guidance.

Netflix ranked tenth, growing 1.63% with a trading volume of $5.929 billion. Netflix's stock price surpassed the $1,000 mark, setting a new all-time high.

Alphabet's Google C came in eleventh, rising 2.50% with a trading volume of $5.175 billion. Like Google A, Google C benefited from growth in AI and cloud service revenues.

Broadcom was twelfth, up 2.16% with a trading volume of $5.058 billion. Broadcom maintained an advantage in debt management and showed active performance in the options market.

Paypal Holdings ranked thirteenth, dropping 13.17% with a trading volume of $4.673 billion. PayPal's first-quarter earnings guidance indicated a sequential decline, leading to a drop in its stock price.

Merck was fourteenth, declining 9.05% with a trading volume of $4.570 billion. Merck anticipates significant revenue growth by 2025, driven by the strong performance of certain drugs.

Microstrategy ranked fifteenth, rising 0.35% with a trading volume of $4.267 billion. Microstrategy faced initial challenges in its stock issuance.

Spotify Technology was sixteenth, surging 13.29% with a trading volume of $4.092 billion. Spotify reported its first profitable year and projected strong quarterly revenue.

Eli Lilly ranked seventeenth, up 1.93% with a trading volume of $3.519 billion. Deutsche Bank adjusted Eli Lilly's target price, reflecting market confidence in its performance.

Alibaba was eighteenth, rising 3.82% with a trading volume of $3.024 billion. Alibaba canceled repurchased shares, further optimizing its shareholder structure.

International Paper ranked nineteenth, declining 3.48% with a trading volume of $2.950 billion. International Paper merged with DS Smith to become a leader in global sustainable packaging solutions.

Taiwan Semiconductor Manufacturing Company (TSMC) came in twentieth, rising 2.15% with a trading volume of $2.501 billion. TSMC received a "buy" rating from Bank of America, with a target price of $265.

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