---
title: "Third-Quarter 2024 Winners and Losers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/215627629.md"
description: "The third quarter of 2024 saw unexpected stock market winners, with Oracle (ORCL) gaining 20% due to strong Q1 results and a 46% increase in Cloud Infrastructure revenue. Palantir (PLTR) rose 45% as retail investors increased their positions. Tesla (TSLA) gained over 30%, buoyed by future robo taxi profits. Conversely, losers included Micron (MU) with an 18% loss, Intel (INTC) down 23% after poor results, and Occidental Petroleum (OXY) losing nearly 20% amid falling WTI crude prices."
datetime: "2024-09-30T13:45:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/215627629.md)
  - [en](https://longbridge.com/en/news/215627629.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/215627629.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/215627629.md) | [繁體中文](https://longbridge.com/zh-HK/news/215627629.md)


# Third-Quarter 2024 Winners and Losers

The third quarter will close with stock market winners dominating in unexpected firms. Technology names are among the biggest losers, giving back some of their gains from previous quarters.

Oracle (ORCL) returned around 20% in the last quarter. The stock jumped on high volume after posting strong Q1 results. Oracle Cloud Infrastructure revenue grew by 46% Y/Y.  
Investors now view the firm as a strong AI investment in the cloud sector. In FY 2026, the firm will achieve revenue of $66 billion and $104 billion by FY 2029. This is a CAGR growth of 16%.

Palantir (PLTR) gained around 45% in Q3. Retail investors added to the position after the S&P 500 (SPY) index added the stock. Despite Chairman Peter Thiel selling $1 billion in company stock this year, markets are bullish on this software firm’s prospects.

Tesla (TSLA) won back the bulls after gaining over 30%. Although average prices may drop and margins are at risk of falling in the competitive EV market, upcoming robo taxi profits offer hope.

Losers

Micron (MU) managed to rebound slightly last week to cut its quarterly loss to around 18%. Intel (INTC) lost 23% after posting poor quarterly results. Fortunately, it found the source of the i7 and i9 crash and stability issues. The microcode update to the bios should prevent undamaged chips from the same problem.

In the energy sector, Occidental Petroleum (OXY) lost nearly 20% in Q3. WTI crude prices continued to fall in the period.

### Related Stocks

- [Occidental Petroleum Corporation (OXY.US)](https://longbridge.com/en/quote/OXY.US.md)
- [Palantir Technologies Inc. (PLTR.US)](https://longbridge.com/en/quote/PLTR.US.md)
- [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md)
- [Oracle Corporation (ORCL.US)](https://longbridge.com/en/quote/ORCL.US.md)

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