NVIDIA (NVDA) topped the trading volume charts, closing up 0.78% with a total transaction value of $23.408 billion. Recent reports revealed that Ubitus K.K, a cloud-service company backed by NVIDIA, plans to establish a new data center in Japan, strategically located near a nuclear power plant. The CEO of Ubitus emphasized nuclear energy's competitive edge in cost and supply, crucial for the AI sector's high energy demands.
Netflix (NFLX, Financial) witnessed a substantial 11.09% surge, marking a new record high, with trading volume reaching $11.969 billion. The company's third-quarter earnings and revenue exceeded market expectations, with a notable 35% growth in ad-supported memberships from the previous quarter. Netflix reported a revenue of $9.825 billion, a 15% year-over-year increase, and a net profit of $2.364 billion, up 41%. The platform's global subscriber growth exceeded expectations, prompting major financial institutions to raise their price targets.
Tesla (TSLA) closed down 0.09%, with a trading volume of $10.878 billion. The National Highway Traffic Safety Administration (NHTSA) announced an investigation into Tesla's Full Self-Driving (FSD) feature, covering over 2.4 million vehicles. The probe follows reports of four low-visibility crashes, including a fatal incident.
Apple (AAPL) rose 1.23%, with trading volume at $10.695 billion. Recent SEC filings disclosed that Berkshire Hathaway sold $369.9 million worth of Bank of America shares. Wedbush Securities suggested a 20% year-over-year sales increase of the iPhone 16 in China, attributing a 44% surge in the Pro models. Analysts forecast a robust rebound in Apple's Chinese market, maintaining an "Outperform" rating with a target price of $300.
Amazon (AMZN) closed up 0.78%, trading $6.92 billion worth of shares. AWS is set to deploy systems with NVIDIA's Blackwell chip next year, delaying from an earlier timeline, due to design changes.
MicroStrategy jumped 11.60%, Amazon traded actively on cryptocurrency optimism as Bitcoin neared its all-time high.
TSMC experienced a 2.46% decline in share value, partially retracting previous gains, but saw brokerage target price upgrades following strong financial results.
AMD introduced the Instinct MI325X, targeting NVIDIA's market lead in data centers, indicating fierce competition with the Blackwell chip.
Google (GOOGL) saw a 0.30% increase, following strategic shifts in its AI team, integrating Gemini App into Google DeepMind.
Alibaba (BABA) rose 2.36%, with JPMorgan significantly increasing its holdings, reflecting market confidence.
