On a recent trading day, NVIDIA (NVDA) led the U.S. stock market in volume, closing down 2.81% with a trading volume of $39.59 billion. NVIDIA announced its collaboration with startup Aidoc, which focuses on AI tools for healthcare providers, to develop a new framework called "Blueprint for Robust Integration and Deployment Guidelines for Excellence" (BRIDGE). This framework aims to enhance AI applications in the medical industry, helping organizations integrate AI services into clinical workflows to improve patient outcomes.
Tesla (TSLA) followed closely, finishing down 1.98% with a trading volume of $14.394 billion. Tesla reported third-quarter revenue of $25.18 billion, below analysts' expectations of $25.43 billion, but adjusted earnings per share were $0.72, above expectations of $0.60. Tesla's operating profit was $2.72 billion, and free cash flow was $2.74 billion, both surpassing expectations. Tesla forecasts modest growth in vehicle deliveries for 2024, with the Cybertruck achieving positive gross margins for the first time. Additionally, Tesla's Shanghai Gigafactory is expected to start delivering MEGAPACKS in the first quarter of 2025. The stock rose approximately 8% in after-hours trading.
Apple (AAPL) was down 2.16% with a trading volume of $11.731 billion. Sources revealed that Apple is nearing the production of updated MacBook Air models featuring M4 chips, set to launch in early 2025, with new Mac models debuting next week. The new MacBook Air will resemble the 2022 version but with the new M4 chip. Production for the new 13-inch and 15-inch models, codenamed J713 and J715, is expected soon.
Meta Platforms (META) closed down 3.15% at a volume of $7.672 billion after a court ruling in favor of CEO Mark Zuckerberg, dismissing a lawsuit claiming Meta misled shareholders about child safety on its platforms. The judge ruled that the plaintiff failed to prove economic loss due to Meta's alleged insufficient disclosures.
Amazon (AMZN) decreased by 2.63% with a trading volume of $5.773 billion. The company will shut down its same-day delivery service, "Amazon Today," phasing out by December 2, while select retail partners can fulfill orders until January 24.
McDonald's (MCD) experienced a 5.12% decline with a trading volume of $5.559 billion following an E. coli outbreak linked to its Quarter Pounder burgers, affecting 49 people across 10 states. The CDC suspects sliced onions in the burger as a potential contamination source.
Texas Instruments (TXN) rose by 4.01% with a trading volume of $2.116 billion. The company reported a third-quarter revenue drop of 8.4% to $4.15 billion, yet slightly beat analyst expectations, with improved orders from smartphone and PC suppliers and growth in the automotive sector.
