Tesla (TSLA) topped U.S. market trading volume, closing up 3.07% with a turnover of $43.232 billion. Reports indicate that Elon Musk's SpaceX plans a stock sale in December, pricing each share at approximately $135. This move could elevate SpaceX's valuation to over $250 billion, reinforcing its leadership in the private space sector. Since 2022, SpaceX's valuation has risen from $125 billion to $210 billion. U.S. Senate Democrats are urging investigations into Musk's role in SpaceX's contracts with the U.S. government.
Nvidia (NVDA) shares fell by 3.26% with a turnover of $35.331 billion. Public filings reveal that Nvidia holds about 7.72 million shares in Applied Digital, equating to approximately 3% ownership.
Amazon's (AMZN) stock declined 4.19% with a $17.419 billion turnover after Third Point reduced its holdings by 27% as per 13F filings.
Microsoft (MSFT) saw a 2.79% decline, trading $11.726 billion. The FTC is reportedly preparing an investigation into Microsoft's cloud services for potentially anti-competitive practices.
Apple (AAPL) dropped 1.41% with a trading volume of $10.593 billion. A lawsuit was filed by a UK consumer group against Apple, alleging antitrust violations with its iCloud services and seeking compensation of up to £3 billion. BlackRock increased its Apple holdings significantly in the third quarter.
Palantir (PLTR) surged by 11.14% with a $9.809 billion turnover, announcing its exchange transfer from NYSE to Nasdaq, effective November 2024.
Meta Platforms (META) shares dropped 4.00%, incurring a €797 million fine from the EU for antitrust breaches.
AMD's (AMD, Financial) share price fell 2.84% with a trading volume of $5.948 billion. The company confirmed a 4% global workforce reduction to align resources with growth opportunities.
Lilly (LLY) lost 4.93% in value amid its legal suit against the HRSA over the 340B program.
Google Class A shares (GOOGL) decreased 1.95% following a partnership announcement with Germany's Schwarz Group.
Coinbase Global (COIN) saw a 9.69% increase as the cryptocurrency sector experienced gains.
Disney (DIS) rose 5.46%, achieving a 16.2% weekly gain, the highest since 2000. Multiple brokerage houses have raised their price targets for Disney.
Applied Materials (AMAT) fell 9.20% due to lower-than-expected first-quarter revenue guidance despite surpassing fourth-quarter earnings expectations.
