Spotify Soars Amidst Record Volume as Tesla and Amazon Make Strategic Moves

Generated by AI AgentAinvest Market Brief
Wednesday, Nov 13, 2024 11:23 pm ET2min read
1. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.53%, with the trading volume of 41.39B. Tesla's home storage battery system daily production exceeds 1000 units. Tesla disclosed 29 insider trading transactions, including a buy of 94,900 shares by director Wilson-Thompson Kathleen. Furthermore, there are ongoing discussions about Tesla's Full Self-Driving (FSD) technology collaboration with SAIC for Robotaxi services.

2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.36%, with the trading volume of 27.00B. NVIDIA released DLSS 3.8.10, reducing preset configurations to two. They also plan to collaborate with GMO Internet Group and SAKURA Internet for a national-level AI infrastructure. SoftBank achieved milestones with NVIDIA, using their AI-RAN technology and Blackwell chips for Japan's AI supercomputers.

3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated plunged by -7.91%, with the trading volume of 16.13B. Microstrategy reported nine insider transactions on November 12, 2024, including Board Director RECHAN LESLIE J purchasing 20,000 shares on November 11.

4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.40%, with the trading volume of 10.91B. Apple's iPad sales are declining but remain its second best-selling hardware. Oura CEO Tom Hale claims Apple won't pursue smart rings to protect Apple Watch sales. Apple faces a $3.8 billion antitrust lawsuit over iCloud by UK consumer group Which?, alleging anti-competitive practices.

5. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.48%, with the trading volume of 9.82B. Amazon has launched Amazon Haul, a platform featuring products under $20 to compete with Shein and Temu. Additionally, Amazon's autonomous vehicle unit Zoox is testing robotaxis in San Francisco and expanding trials to Las Vegas.

6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.51%, with the trading volume of 8.96B. Soros Capital Management significantly increased holdings in Meta Platforms and Microsoft while reducing positions in TSMC during Q3 2024. Microsoft plans to develop a handheld Xbox, while exploring acquisitions in Asia post-Activision Blizzard acquisition. Microsoft confirms "Black Myth: Wukong" for Xbox release.

7. Coinbase Global (Nasdaq: COIN)
Coinbase Global plunged by -10.78%, with the trading volume of 8.43B. On November 13, 2024, Coinbase Global disclosed two insider transactions. Executive Alesia Haas sold 20,000 shares on November 11, while on November 12, 2024, it was disclosed that board member Frederick Wilson sold 40,000 shares on November 11.

8. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.82%, with the trading volume of 6.05B. Meta Platforms plans to introduce ads in its social media app Threads in early 2025, aiming to increase monetization. Additionally, Meta is involved in a US ITC investigation regarding certain electronic eyewear and related components.

9. Spotify Technology S.A. (NYSE: SPOT)
Spotify Technology S.A. surged by 11.44%, with the trading volume of 5.52B. Spotify Technology reported a net profit of 7.71 billion euros for the first three quarters of 2024, with revenue reaching 114.31 billion euros. Phillip Securities downgraded its rating for Spotify Technology to "overweight" with a new target price of $485.00.

10. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained mildly by 1.42%, with the trading volume of 5.29B. Palantir recently reported an insider trade where director Lauren Elaina Friedman sold 8,860 shares on November 8, 2024.

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