Volume Stonkers | SMIC surged 15.79%, NVIDIA shows strong investor interest with rising open options contracts

Generated by AI AgentStock Spotlight
Monday, Oct 7, 2024 5:30 pm ET2min read
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**NVIDIA** rose by 2.24%, with a trading volume of $44.104 billion. NVIDIA performed well against the market trend, and the options market shows a significant number of open contracts, indicating strong investor interest in its future.

**Tesla** fell by 3.70%, with a trading volume of $16.516 billion. Tesla is approaching Robotaxi Day, seen as a critical event for its positioning as an "AI company," while also facing challenges with insurance coverage issues.

**Apple** declined by 2.25%, with a trading volume of $8.718 billion. Dan Roskesk, Apple's global procurement director, is set to retire, which might impact the company's procurement strategy.

**Microsoft** fell by 1.57%, with a trading volume of $8.544 billion. Microsoft's software stock outlook is favorable, and investors hold an optimistic view of its future development.

**Amazon** dropped by 3.06%, with a trading volume of $7.610 billion. Amazon faces challenges from an FTC antitrust case, with the court partially denying its motion, impacting its market position.

**Meta** decreased by 1.87%, with a trading volume of $7.064 billion. Meta launched the AI video model Movie Gen and confirmed that content captured by Ray-Ban glasses will be used for AI model training, indicating its continued investment in AI.

**Advanced Micro Devices (AMD)** rose by 0.04%, with a trading volume of $6.520 billion. Analysts maintain a buy rating on AMD, showing a positive outlook for its future performance.

**SMIC** surged by 15.79%, with a trading volume of $4.848 billion. SMIC announced the shipment of over 100,000 AI-related GPU chips, driving a significant stock price increase.

**Alibaba** gained 2.62%, with a trading volume of $4.435 billion. Goldman Sachs continues to maintain a buy rating on Alibaba, providing a positive market outlook.

**MicroStrategy** rose by 5.43%, with a trading volume of $3.675 billion. MicroStrategy benefited from the rise in the cryptocurrency market, with Bitcoin prices surpassing $63,000.

**Alphabet A (Google)** fell by 2.44%, with a trading volume of $3.662 billion. Google plans to appeal the ruling in the Epic Games antitrust case, seeking a better competitive environment in the market.

**Pinduoduo** dropped by 0.76%, with a trading volume of $3.576 billion. Market sentiment towards Pinduoduo's future performance is cautious, with investors focusing on its moves in the consumer sector.

**Broadcom** decreased by 0.88%, with a trading volume of $2.734 billion. Broadcom announced the launch of a 50G PON solution with AI/ML capabilities, further expanding its technological applications.

**Eli Lilly** rose by 1.29%, with a trading volume of $2.617 billion. Eli Lilly continues to make progress in drug development, with increased market attention on its obesity medication.

**Adobe** fell by 3.93%, with a trading volume of $2.391 billion. Adobe faces pressure from analysts lowering its target price, and the market maintains a cautious outlook on its prospects.

**Netflix** decreased by 2.47%, with a trading volume of $2.351 billion. Barclays downgraded Netflix's rating, leading to lowered market expectations for its future performance.

**Alphabet C (Google)** fell by 2.47%, with a trading volume of $2.321 billion. Google is also affected by the Epic Games case, seeking legal breakthroughs.

**Micron Technology** rose by 0.65%, with a trading volume of $2.228 billion. Micron Technology faces challenges in the AI sector, with market attention drawn to the CEO's plan to sell some shares.

**TSMC** gained 1.82%, with a trading volume of $2.206 billion. TSMC achieved a significant breakthrough in 2nm technology, further solidifying its market leadership.

**Vistra** fell by 5.12%, with a trading volume of $2.090 billion. Vistra will release its third-quarter earnings report in November, with market anticipation surrounding its financial performance.

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