Nvidia (NVDA) topped Tuesday's U.S. stock trading volume, closing up 3.01% with $32.36 billion in turnover. Reports indicate Nvidia has significantly adjusted its cloud strategy over two years after CEO Jensen Huang proposed competing with Amazon AWS, abandoning direct competition with major cloud providers. Last week, Nvidia reorganized its cloud team, integrating DGX Cloud into engineering and operations—signaling a shift from external cloud services to prioritizing internal chip R&D demand.
Tesla (TSLA) ranked second, closing down 0.65% with $28.15 billion in trading. Prominent investor Cathie Wood and her Ark Invest continued selling Tesla shares as the stock hit record highs on Monday. While Tesla remains in a buy zone, analysts have lowered Q4 delivery estimates. Ark's ETFs—ARK Innovation, ARK Next Generation Internet, and ARK Autonomous Technology—sold 60,715 Tesla shares worth $29.67 million on Monday. Tesla remains a top holding across Ark's funds.
Broadcom (AVGO) rose 2.30% with $9.63 billion in volume. SEC filings show CEO Hock Tan sold 130,000 shares for $42.38 million on Dec 18 (disclosed Dec 22), reducing his direct holdings to ~595,638 shares. This marks the latest in a series of 2023 insider sales exceeding $100 million collectively. Analysts note such sales typically reflect personal financial planning rather than bearish corporate outlooks.
Alphabet (GOOGL) gained 1.48% with $9.63 billion traded. Its subsidiary Google agreed to acquire Intersect Power LLC for $4.75 billion cash plus assumed debt, aiming to accelerate data center development (expected H1 2026 close).
Meta Platforms (META) edged up 0.52% at $5.44 billion volume. Sources reveal Threads will soon introduce podcast previews within feeds to boost engagement. The feature complements existing show links to platforms like Apple Podcasts, with Threads aiming to become a hub for audience discussions.
Novo Nordisk (NVO) surged 7.30% ($3.45 billion volume) after U.S. approval for oral Wegovy tablets—the first GLP-1 agonist pill for weight management—with January launch planned.
Strategy Analytics (STRT) fell 3.92% ($2.49 billion) as Bitcoin briefly dipped below $87k (-3%) and Ethereum lost nearly 5%, pressuring crypto-linked stocks.
JPMorgan (JPM) rose 0.88% ($2.15 billion). Sources indicate the bank is exploring institutional crypto services (potentially spot/derivatives trading), reflecting Wall Street's growing digital asset involvement—though plans remain preliminary pending market demand.