Volume Stonkers | Quantum Computing surged 53.96%, Tesla Receives Highest Wall Street Target Price of $515

Generated by AI AgentStock Spotlight
Wednesday, Dec 18, 2024 4:30 pm ET2min read
Tesla fell 7.89%, with a trading volume of $65.944 billion. Market news indicated that Saia Inc. will add Tesla Semi trucks to its fleet. Despite a post-Fed meeting decline in Tesla's stock price, the company still received Wall Street's highest target price of $515. The broader new energy vehicle sector weakened, with Tesla leading the decline.

NVIDIA dropped 0.34%, reaching a trading volume of $34.830 billion. NVIDIA launched a $249 AI supercomputer, enhancing generative AI performance by up to 1.7 times. Additionally, NVIDIA partnered with Intel to introduce a "verifiable computing" solution to safeguard trusted AI.

Apple decreased by 1.85%, with a trading volume of $14.060 billion. Recently, news emerged that Apple has paused work on an iPhone hardware subscription service. Despite this, Apple's stock price once surpassed $250, with its market value nearing $4 trillion.

Broadcom fell 6.63%, achieving a trading volume of $11.821 billion. After a recent earnings surge, Broadcom's stock price declined, raising questions about the sustainability of its trillion-dollar market cap.

Microsoft dropped 3.30%, with a trading volume of $10.298 billion. This year, Microsoft purchased nearly 500,000 GPUs, more than double that of Meta. Nevertheless, Microsoft's stock price declined due to overall market weakness.

Meta decreased by 3.42%, with a trading volume of $9.934 billion. JPMorgan maintained a "buy" rating on Meta and raised its target price to $725. Instagram is expected to further increase its share of U.S. ad revenue.

Amazon fell 4.15%, with a trading volume of $9.415 billion. Several analysts consider Amazon stock as the "best choice" for 2025. The company also postponed some employees' return to office plans.

MicroStrategy dropped 8.74%, with a trading volume of $8.767 billion. MicroStrategy is shifting its focus to fixed income securities for future digital currency purchases, drawing attention with its aggressive Bitcoin strategy.

Palantir fell 3.70%, with a trading volume of $8.040 billion. Palantir expanded its partnership with the U.S. Army Vantage, signing a $618.90 million contract, and is collaborating with Cohere to deploy AI models.

Alphabet Class A (Google) decreased by 3.44%, with a trading volume of $6.136 billion. Google unveiled the next-generation video generation model Veo 2, challenging OpenAI's Sora, and plans to test autonomous vehicles in Tokyo.

Micron Technology fell 3.94%, with a trading volume of $6.053 billion. Micron's first-quarter earnings missed revenue expectations, and despite beating earnings per share estimates, a weak outlook led to a decline in stock price.

Advanced Micro Devices (AMD) decreased by 2.51%, with a trading volume of $6.021 billion. AMD invested in enterprise AI cloud service provider Vultr and co-led the company's funding round.

Alphabet Class C (Google) fell 3.43%, with a trading volume of $5.155 billion. Google's autonomous vehicles are expected to be tested in Tokyo next year, and the launch of the video generation model Veo 2 has garnered attention.

Quantum Computing surged 53.96%, with a trading volume of $5.008 billion. The quantum computing concept stock performed actively, with market expectations driving a significant increase in stock price.

UnitedHealth Group rose 3.14%, with a trading volume of $4.928 billion. Amid strengthened consumer financial regulations, UnitedHealth's stock price broke through, surpassing $500.

Coinbase Global fell 9.80%, with a trading volume of $3.630 billion. As top cryptocurrency prices declined, Coinbase's stock price came under pressure, falling below the $300 mark.

SoundHound AI increased 8.59%, with a trading volume of $3.385 billion. SoundHound AI reached an all-time high, with an annual increase of nearly 930%, attracting market attention.

Visa fell 2.50%, with a trading volume of $3.243 billion. Visa helped ensure shopper safety during the holiday season, with a significant increase in suspicious fraud interception on Cyber Monday globally.

Rigetti Computing fell 4.00%, with a trading volume of $3.075 billion. Despite mixed performance among quantum computing concept stocks, Rigetti Computing remained relatively stable.

Taiwan Semiconductor Manufacturing Company (TSMC) fell 2.21%, with a trading volume of $2.862 billion. TSMC's CEO recently met with Elon Musk to discuss chip supply issues, and the company released details on its 2-nanometer process technology, showing significant performance improvements.

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