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Volume Stonkers | United Airlines surged 12.44%, Initiated $1.5B Buyback; ASML Cuts Sales Target Amid Disappointing Orders

AInvestWednesday, Oct 16, 2024 5:30 pm ET
2min read
NVIDIA rose 3.13% with a trading volume of $35.369 billion. A robotics manufacturer backed by NVIDIA will provide services for Uber Eats. NVIDIA's technical outlook is seen as a key determinant for market trends, with active options trading noted on October 16.

Tesla increased by 0.80% with a trading volume of $10.894 billion. Reports indicate Tesla delivered over 160,000 vehicles in the U.S. during Q3, with its models leading in delivery volume. RBC Capital Markets maintains a buy rating.

Apple fell 0.89% with a trading volume of $7.825 billion. Apple recently launched the iPad mini 7, and its Chief Human Resources Officer is set to depart after two years.

ASML dropped 6.42% with a trading volume of $7.074 billion. ASML cut next year's sales target as orders were only half of market expectations, leading to disappointing results.

Meta declined 1.62% with a trading volume of $6.477 billion. Mark Zuckerberg announced a collaboration with Lenovo to launch Llama, offering new consumer experiences.

Microsoft decreased by 0.63% with a trading volume of $6.291 billion. CEO Satya Nadella stated that Microsoft will accelerate AI applications in partnership with Lenovo.

AMD fell 0.33% with a trading volume of $4.768 billion. AMD and Intel have joined forces in a rare alliance to combat the rise of ARM chips.

Amazon dropped 0.43% with a trading volume of $4.366 billion. Amazon signed an AI chip agreement with Databricks to boost its AI business expansion.

TSMC rose 0.19% with a trading volume of $3.374 billion. TSMC is expected to perform well in Q3 amid strong AI chip demand.

UnitedHealth increased by 2.70% with a trading volume of $2.913 billion. UnitedHealth raised its stock price target and received positive analyst feedback following its Q3 results.

Coinbase Global surged 7.20% with a trading volume of $2.882 billion. Bitcoin's rise above $67,000 drove up crypto-related stocks.

Visa rose 2.94% with a trading volume of $2.695 billion. Citi analysts have a positive outlook on Visa's Q3 performance, raising the target price to $330.

Broadcom increased 0.48% with a trading volume of $2.667 billion. Bank of America Securities maintains a buy rating on Broadcom, reflecting market confidence in its prospects.

United Airlines Holdings surged 12.44% with a trading volume of $2.628 billion. United Airlines exceeded revenue and EPS expectations in Q3 and initiated a $1.5 billion stock buyback program.

Google A fell 0.18% with a trading volume of $2.579 billion. Google Cloud has started using servers based on NVIDIA's Blackwell platform, showing ongoing investment in AI.

Morgan Stanley increased 6.51% with a trading volume of $2.565 billion. Strong performance in wealth management and trading helped Morgan Stanley exceed net revenue expectations in Q3.

SMIC rose 2.07% with a trading volume of $2.446 billion. SMIC launched AI servers equipped with NVIDIA's latest chips, expanding its presence in the AI market.

Palantir fell 1.25% with a trading volume of $2.437 billion. OpenAI's hiring of Dane Stuckey as co-chief security officer from Palantir drew market attention.

Microstrategy declined 0.11% with a trading volume of $2.423 billion. As Bitcoin rises, Microstrategy benefits due to its substantial Bitcoin holdings.

Micron Technology increased 4.72% with a trading volume of $2.157 billion. The launch of ultra-fast clock driver DDR5 memory products boosted Micron's stock price.
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.