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

AInvestMonday, Oct 7, 2024 5:30 pm ET
2min read
**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.
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.