On November 11, 2024, the US stock market closed with mixed performance. The Dow Jones Industrial Average rose by 0.69%, the NASDAQ increased by 0.06%, and the S&P 500 gained 0.10%.

In sector performance, the New Energy sector led the gains with Tesla surging 9.06% and Coinbase jumping 19.76%. The Bitcoin concept stocks also saw significant gains, with Marathon Digital Holdings up 29.92% and Riot Platforms rising 16.86%. The Semiconductor sector, however, experienced a decline, with Nvidia dropping 1.61%.

NVIDIA Corp fell by 1.61%. Nvidia, a leading technology company, received a positive rating and a price target upgrade from UBS, maintaining a 'Buy' rating and raising the price target to $185.00 per share from $150.00. Melius Research also raised the price target for Nvidia from $165.00 to $185.00, indicating a positive outlook for the company's stock.

Microsoft declined by 1.07%. Banco de Crédito del Perú has partnered with Microsoft and Kyndryl to modernize its IT infrastructure with hybrid cloud on Azure. This investment of over $650M over five years aims to enhance BCP's digital customer experience, improve cybersecurity, and provide greater access to digital banking services for Peruvians.

Tesla Motors surged by 9.06%. Investors are piling into bullish options bets on Tesla shares, with the stock hitting its highest level in more than two years. Tesla's contracts were the most heavily traded options on individual stocks on Monday, with some 2.5 million contracts changing hands by noon. Wedbush Securities raised its target price on Tesla shares to $400 from $300, seeing the Trump White House win as a gamechanger for Tesla's autonomous and AI story.

Coinbase Global Inc. soared by 19.76%. Cryptocurrency-linked stocks surged as Bitcoin traded above $82,000. MicroStrategy, a software company, purchased about 27,200 Bitcoin for approximately $2.03 billion, raising its Bitcoin holdings to almost $23 billion. This acquisition demonstrates MicroStrategy's corporate strategy of buying the cryptocurrency.

Arm Holdings Ltd dropped by 3.74%. Loop Capital raised the price target for Arm Holdings from $130.00 per share to $180.00 per share, indicating a positive outlook for the company's stock.

Palantir Technologies Inc. rose by 3.17%.

Shopify increased by 3.29%.

Airbnb Inc. gained 2.07%. Susquehanna raised the price target for Airbnb shares from $130.00 to $160.00, maintaining a positive rating. Citigroup also maintained its Buy rating on Airbnb and raised the price target from $135.00 to $158.00 per share.

Fortinet climbed by 5.58%. HSBC raised the price target for Fortinet from $83.00 per share to $111.00 per share and upgraded the rating from Hold to Buy.

MicroStrategy skyrocketed by 25.73%. MicroStrategy purchased about 27,200 Bitcoin for approximately $2.03 billion, raising its Bitcoin holdings to almost $23 billion. This acquisition demonstrates the company's strategy of buying the cryptocurrency.