Volume Stonkers | TSMC increased 9.74%, Elevance Health fell 10.24%, TSMC Q3 Earnings Exceeded Expectations

Generated by AI AgentStock Spotlight
Thursday, Oct 17, 2024 5:30 pm ET2min read
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NVIDIA rose 0.89%, with a trading volume of $42.359 billion. Bank of America Global Research raised its price target to $190, maintaining a buy rating. NVIDIA options were active, with a volume of 5.1063 million contracts on October 17.

TSMC increased by 9.74%, with a trading volume of $12.910 billion. TSMC's Q3 earnings exceeded expectations, with net profit up 54% year-over-year. Annual revenue is expected to grow 30%, with plans to increase capital expenditure.

Tesla dropped 0.20%, with a trading volume of $11.146 billion. Tesla held a press conference but did not fully meet investor expectations. Options trading showed a volume of 1.1849 million contracts on October 17.

Apple rose 0.16%, with a trading volume of $7.596 billion. Apple expanded its payment feature to support third-party browsers, offering broader payment options. Berkshire Hathaway recently reduced its holdings.

Microsoft increased by 0.14%, with a trading volume of $6.173 billion. Announced several new contents at the Xbox Partner Preview, continuing to drive growth in Azure and Office 365.

Netflix fell 2.04%, with a trading volume of $5.819 billion. Netflix expects advertising revenue to "roughly double" by 2025, with strong subscriber growth in the third quarter.

Meta rose 0.02%, with a trading volume of $5.066 billion. Meta continues layoffs and faces lawsuits in several states regarding teen addiction, with Q3 revenue expected to reach the high end of expectations.

ASML increased by 2.50%, with a trading volume of $4.978 billion. ASML lowered next year's sales target, with orders only half of market expectations, attracting market attention.

Amazon rose 0.34%, with a trading volume of $4.684 billion. Amazon invested $500 million in nuclear energy development to address power issues for AI data centers.

AMD increased by 0.08%, with a trading volume of $4.637 billion. Collaborating with Intel to counter ARM, options trading shows activity.

Broadcom rose 2.66%, with a trading volume of $4.606 billion. Overall rebound in the semiconductor sector, with the Philadelphia Semiconductor Index up 2.2%.

Elevance Health fell 10.24%, with a trading volume of $3.559 billion. The company issued an earnings warning, lowering the target price from $615 to $520.

Google A dropped 1.35%, with a trading volume of $3.492 billion. Google reorganized its search leadership, with Prabhakar Raghavan named CTO.

UnitedHealth fell 0.94%, with a trading volume of $3.157 billion. HSBC downgraded its rating from buy to hold, adjusting the target price to $595.

Micron Technology rose 2.57%, with a trading volume of $2.984 billion. Overall rise in the semiconductor sector, with the Philadelphia Semiconductor Index up 2.2%.

Visa increased by 1.00%, with a trading volume of $2.556 billion. Analysts raised the target price to $330, maintaining a buy rating.

Google C dropped 1.34%, with a trading volume of $2.494 billion. Facing similar leadership reorganization and ad policy adjustments as Google A.

SMIC fell 2.39%, with a trading volume of $2.302 billion. Positive overall performance in the semiconductor sector, with the Philadelphia Semiconductor Index rising.

MicroStrategy fell 0.35%, with a trading volume of $2.195 billion. Bitcoin price fluctuations affected market sentiment.

Uber fell 2.44%, with a trading volume of $2.192 billion. Reports suggest Uber is considering acquiring Expedia, raising skepticism among market analysts.

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