Volume Stonkers | Palantir up 4.05%, nearing $100B market cap, Arcadium surges 31% on Rio Tinto deal.
AInvestWednesday, Oct 9, 2024 5:30 pm ET
2min read
AAPL --
NVDA --
TSLA --
**NVIDIA** fell 0.18% with a trading volume of $32.422 billion. NVIDIA projects that AI could impact related industries by up to $20 trillion. Recently driven by AI demand, the stock has risen 25% in the past month.

**Tesla** dropped 1.41% with a trading volume of $16.013 billion. Tesla's China-made electric vehicle sales in September grew 19.2% year-over-year, and the Berlin factory rolled out its 400,000th Model Y, showcasing ongoing production capacity improvements.

**Apple** increased 1.67% with a trading volume of $7.338 billion. Apple executive Dan Riccio, who led the development of Vision Pro, will retire, with John Ternus taking over the Vision product group.

**Microsoft** rose 0.66% with a trading volume of $6.203 billion. Oppenheimer downgraded Microsoft to "market perform," predicting future losses for OpenAI could reach $14 billion.

**AMD** fell 1.03% with a trading volume of $5.780 billion. SMIC rose over 5.6%, showing strong performance among chip stocks despite competitive challenges.

**Meta** decreased 0.40% with a trading volume of $5.588 billion. Meta launched AI chatbots in six countries and added AI video tools on Facebook and Instagram.

**Alphabet A** dropped 1.53% with a trading volume of $5.022 billion. Google faces a U.S. Department of Justice investigation, with analysts doubting major structural changes.

**Amazon** increased 1.34% with a trading volume of $4.772 billion. Amazon was downgraded by Wells Fargo over growth concerns, but its Kuiper satellite opportunities are considered undervalued.

**Broadcom** rose 2.89% with a trading volume of $4.670 billion. Broadcom is nearing a new high, showing strong momentum in the semiconductor sector.

**Palantir** increased 4.05% with a trading volume of $3.662 billion. Palantir reached a 52-week high and is nearing a $100 billion market cap, becoming one of the largest software companies.

**Alphabet C** fell 1.59% with a trading volume of $3.199 billion. Google is working on shifting to nuclear power to support the energy needs of its AI data centers.

**SMIC** rose 4.28% with a trading volume of $3.096 billion. Despite facing margin declines, SMIC showed strong performance amid volatility.

**Alibaba** dropped 1.60% with a trading volume of $3.084 billion. Alibaba maintained a buy rating, with price targets raised to $124 and $115.

**Microstrategy** fell 1.71% with a trading volume of $2.545 billion. Bernstein maintained an outperform rating for Microstrategy, adjusting the target price to $290.

**Arcadium Lithium** surged 31.01% with a trading volume of $2.298 billion. Arcadium jumped due to a deal with Rio Tinto, becoming a leading small-cap stock in the U.S.

**TSMC** rose 0.59% with a trading volume of $2.144 billion. TSMC is leveraging NVIDIA's platform to drive semiconductor manufacturing changes and is expected to maintain revenue growth over the next five years.

**Pinduoduo** fell 2.34% with a trading volume of $1.945 billion. Pinduoduo launched its "11.11" event with "billion-dollar vouchers" to support new quality brands.

**Micron Technology** decreased 0.82% with a trading volume of $1.863 billion. Micron introduced a new logo inspired by the precision of wafer contours and maintained a buy rating.

**Boeing** dropped 3.43% with a trading volume of $1.861 billion. Boeing made some progress in union negotiations, improving performance bonus guarantees.

**Costco** increased 2.10% with a trading volume of $1.753 billion. Costco's net and same-store sales grew 9% in September, showing strong performance after membership fee increases.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.