Volume Surge: Nvidia’s AI Partnerships and Tesla’s Self-Driving Revenue Race
Tuesday, Oct 29, 2024 6:31 pm ET
2min read 1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.52%, with the trading volume of 21.64B. NVIDIA is collaborating with multiple companies, including OpenAI and AWS, on AI initiatives. SoftBank's Masayoshi Son claims NVIDIA is underestimated, despite some market skepticism. A new NVIDIA AI workflow aids in detecting credit card fraud, and executives predict AI will soon exhibit human-like capabilities.
2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.14%, with the trading volume of 20.80B. Tesla's Full Self-Driving feature could generate $1 billion in revenue within a year. Piper Sandler maintains an Overweight rating on Tesla. Barclays maintains Equal-Weight on Tesla and raises the price target to $235. Tesla faces increased competition from domestic electric SUVs targeting the Model Y.
3. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 3.96%, with the trading volume of 10.88B. Advanced Micro Devices (AMD) reported Q3 fiscal 2024 revenue of $6.8 billion, meeting analysts' expectations. Adjusted EPS was $0.92, matching forecasts. Projected Q4 revenue between $7.2 billion and $7.8 billion. Rosenblatt maintained a "Buy" rating with a target price of $250.
4. The Boeingmpany (NYSE: BA)
The Boeingmpany gained mildly by 1.51%, with the trading volume of 10.11B. Boeing secured a nearly $20 billion contract for photonics and directed energy technology development. The company raised $210 billion through a major stock issuance priced at $143 per share to address strike and downgrading pressures. The White House urges Boeing to reach a union agreement.
5. Trump Media & Technology Grouprp. (Nasdaq: DJT)
Trump Media & Technology Grouprp. surged by 8.76%, with the trading volume of 8.57B. Trump Media and Technology Group temporarily halted trading on October 29 due to unusual price fluctuations, resuming five minutes later.
6. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.12%, with the trading volume of 7.89B. Apple announced the new, smaller Mac Mini with M4 chip, starting at $599. Between March and June, Apple's iPhone shipments in India grew by a third, with exports nearing $6 billion. Apple's AI feature, Apple Intelligence, is officially launched after delays.
7. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.26%, with the trading volume of 7.49B. Microsoft's GitHub is integrating AI models from Anthropic and Google's Alphabet to provide developers new options. Additionally, Microsoft accuses Google of undermining its reputation in Europe with unfair tactics. Microsoft also names a new UK CEO and invests £2.5 billion in AI infrastructure.
8. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 2.62%, with the trading volume of 7.47B. Meta Platforms is developing an AI search engine for Facebook, Instagram, and WhatsApp, aiming to capture market share from Google. This initiative seeks to reduce reliance on Microsoft and Google, while staying competitive with OpenAI's advancements in AI technology.
9. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained mildly by 1.14%, with the trading volume of 6.70B. Microstrategy will announce its third-quarter fiscal 2024 financial results on October 30, 2024, after the market closes.
10. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.29%, with the trading volume of 6.59B. Amazon.com-DR to report Q3 2024 financial results on October 31. Amazon unveils new logo. Amazon's "Seller Growth Services" aims to support global leadership in elderly care market with $3 billion sales over five years. Amazon Web Services launches Amazon Lambda SnapStart in China.
Nvidia gained mildly by 0.52%, with the trading volume of 21.64B. NVIDIA is collaborating with multiple companies, including OpenAI and AWS, on AI initiatives. SoftBank's Masayoshi Son claims NVIDIA is underestimated, despite some market skepticism. A new NVIDIA AI workflow aids in detecting credit card fraud, and executives predict AI will soon exhibit human-like capabilities.
2. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.14%, with the trading volume of 20.80B. Tesla's Full Self-Driving feature could generate $1 billion in revenue within a year. Piper Sandler maintains an Overweight rating on Tesla. Barclays maintains Equal-Weight on Tesla and raises the price target to $235. Tesla faces increased competition from domestic electric SUVs targeting the Model Y.
3. Advanced Micro Devices (Nasdaq: AMD)
Advanced Micro Devices gained solidly by 3.96%, with the trading volume of 10.88B. Advanced Micro Devices (AMD) reported Q3 fiscal 2024 revenue of $6.8 billion, meeting analysts' expectations. Adjusted EPS was $0.92, matching forecasts. Projected Q4 revenue between $7.2 billion and $7.8 billion. Rosenblatt maintained a "Buy" rating with a target price of $250.
4. The Boeingmpany (NYSE: BA)
The Boeingmpany gained mildly by 1.51%, with the trading volume of 10.11B. Boeing secured a nearly $20 billion contract for photonics and directed energy technology development. The company raised $210 billion through a major stock issuance priced at $143 per share to address strike and downgrading pressures. The White House urges Boeing to reach a union agreement.
5. Trump Media & Technology Grouprp. (Nasdaq: DJT)
Trump Media & Technology Grouprp. surged by 8.76%, with the trading volume of 8.57B. Trump Media and Technology Group temporarily halted trading on October 29 due to unusual price fluctuations, resuming five minutes later.
6. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.12%, with the trading volume of 7.89B. Apple announced the new, smaller Mac Mini with M4 chip, starting at $599. Between March and June, Apple's iPhone shipments in India grew by a third, with exports nearing $6 billion. Apple's AI feature, Apple Intelligence, is officially launched after delays.
7. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.26%, with the trading volume of 7.49B. Microsoft's GitHub is integrating AI models from Anthropic and Google's Alphabet to provide developers new options. Additionally, Microsoft accuses Google of undermining its reputation in Europe with unfair tactics. Microsoft also names a new UK CEO and invests £2.5 billion in AI infrastructure.
8. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 2.62%, with the trading volume of 7.47B. Meta Platforms is developing an AI search engine for Facebook, Instagram, and WhatsApp, aiming to capture market share from Google. This initiative seeks to reduce reliance on Microsoft and Google, while staying competitive with OpenAI's advancements in AI technology.
9. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained mildly by 1.14%, with the trading volume of 6.70B. Microstrategy will announce its third-quarter fiscal 2024 financial results on October 30, 2024, after the market closes.
10. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 1.29%, with the trading volume of 6.59B. Amazon.com-DR to report Q3 2024 financial results on October 31. Amazon unveils new logo. Amazon's "Seller Growth Services" aims to support global leadership in elderly care market with $3 billion sales over five years. Amazon Web Services launches Amazon Lambda SnapStart in China.
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