Mixed Performance in US Markets, Meta Platforms Soars 3.43%, Snowflake Plummets 11.41%
Market Watcher12-05 05:01
On December 4, 2025, the US stock market closed with mixed results. The Dow Jones Industrial Average rose by 0.1%, the S&P 500 increased by 0.2%, while the Nasdaq Composite fell by 0.3%.
In the sector performance, US fuel cell stocks saw significant gains with Bloom Energy Corp up 15.21%, FuelCell up 12.26%, and Ballard Power up 4.87%. Conversely, the silver ETF sector experienced declines, with Proshares Ultrashort Silver down 4.85%.
Meta Platforms, Inc. surged 3.43% after CEO Mark Zuckerberg announced plans to cut the metaverse project budget by up to 30%, leading to a positive market reaction and a pre-market stock price increase of over 5%.
Apple fell 1.29% following significant stock recommendations and market calls on Wall Street, which included major companies such as Apple, Tesla, Oracle, and more.
Alphabet and Alphabet both saw declines of 0.70% and 0.63% respectively, despite the strong performance of their self-developed TPU chips, which are expected to capture 20% of the AI chip market in the coming years.
Amazon.com dropped 1.41% as Rosenblatt maintained its Buy rating and price target of $305.00 per share, indicating confidence in the stock's performance without any changes to the previous assessment.
Broadcom saw a slight increase of 0.11% after Susquehanna raised its price target from $400 to $450 per share, reflecting increased confidence in the company's stock performance and potential growth.
Tesla Motors rose 1.73% driven by investor optimism centered on the company's advancements in robotics, overshadowing its traditional automotive business.
Eli Lilly fell 2.00% despite BMO Capital raising its price target from $1100.00 to $1200.00 per share, reflecting a positive outlook on the stock's performance.
Micron Technology dropped 3.21% after announcing the closure of its Crucial brand and shifting focus to AI storage chips, which caused market supply and demand tensions.
Snowflake plummeted 11.41% despite multiple analysts raising their price targets, reflecting a positive outlook on the stock's performance. The company reported a narrowed quarterly loss and increased demand for its AI agent, alongside a $200 million deal with Anthropic.
Oracle gained 3.18% as Citigroup maintained a Buy rating despite lowering the price target from $415.00 to $375.00 per share, indicating continued confidence in the stock's potential.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.