TSLA,AAPL,NVDA news
12/19/2024 03:12pm
Here is some news about TSLA, AAPL, and NVDA:
1. **Tesla (TSLA)**:
- **Stock Decline and Military Scrutiny**: Tesla's stock dropped by 8.28% on December 18, 2024, amid a broader market decline. The company is under U.S. military scrutiny for alleged security breaches. The U.S. Air Force denied Elon Musk high-level security access, citing potential risks.
- **Financial Performance and Market Reactions**: Tesla's recent financial report showed revenue of $25.182 billion, a net profit of $2.167 billion, and earnings per share of $0.68. Despite strong revenue, the stock fell due to high valuations and market-wide reactions to the Federal Reserve's signals on rate cuts.
- **Bitcoin Holdings and Institutional Adoption**: Tesla holds around 11,500 BTC, ranking 4th among companies hoarding Bitcoin. This highlights institutional adoption and could influence crypto market dynamics.
2. **Apple (AAPL)**:
- **Cancelling iPhone Hardware Subscription Service**: Apple halted its iPhone hardware subscription service due to regulatory challenges and software issues. The planned annual fee for new iPhones faced delays and was eventually canceled.
- **Stock Performance and Price Target**: Apple's stock is expected to end 2024 with a 30% climb, with analysts projecting even more gains in 2025. JPMorgan Chase is bullish on Apple, expecting growth driven by the upcoming iPhone 17 and AI features like Apple Intelligence.
- **AI Developments and Market Position**: Apple's AI-driven growth potential is highlighted, with the company leading in AI stocks and expected to launch the iPhone 17 with enhanced AI capabilities.
3. **Nvidia (NVDA)**:
- **Stock Surge and AI Accelerator Orders**: Nvidia's stock increased by 5% after reports of Microsoft acquiring 485,000 Hopper chips, more than double the amount bought by Meta. JPMorgan is optimistic about Nvidia's stock, citing high spending on AI accelerators.
- **Production Developments and Market Expectations**: Nvidia's Blackwell NVL/GB200 system is progressing as expected, with mass production set to peak in the second and third quarters of 2025. This positive production outlook is contributing to the recent stock rally.
- **New AI Platform and Market Expansion**: Nvidia's Jetson Orin Nano Super Developer Kit is a cost-effective AI creation platform aimed at developers, students, and hobbyists, enhancing Nvidia's presence in the AI market.
- **Competitive Landscape and Growth Concerns**: Despite Nvidia's strong position, there are concerns about slowing growth and the potential for a bear market. The company's stock is hovering above bear market territory, and while demand for AI accelerators is high, competition and market dynamics pose challenges.
These news items highlight key developments affecting Tesla, Apple, and Nvidia, ranging from regulatory and military issues to stock performance and AI-driven growth.