Major U.S. indices had a mixed performance on Wednesday. The Dow Jones Industrial Average closed slightly down by nearly 0.1% at 38,712.21, while the S&P 500 rose by 0.85% to 5,421.03. The Nasdaq also finished in positive territory, gaining 1.5% to reach 17,608.44.
These are the top stocks that gained the attention of retail traders and investors through the day:
NVIDIA Corporation NVDA
NVIDIA closed the day up 3.55% at $125.20, with an intraday high of $126.88 and low of $122.57, compared to a 52-week range of $126.88 to $38.62. The chipmaker’s shares ascended amid a broader rally in the semiconductor sector, fueled by ongoing excitement over artificial intelligence and strategic trade embargoes.
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Apple Inc. AAPL
Apple’s stock rose 2.86% to close at $213.07, reaching an intraday peak of $220.20 and a low of $206.90. Its 52-week high and low are $220.20 and $164.08 respectively. The tech behemoth’s valuation soared past Microsoft, once again becoming the world’s largest company by market cap, following the unveiling of new software features at its annual WWDC event.
ARM Holdings PLC ARM
ARM Holdings experienced an 8.11% increase to close at $155.59, with a high of $158.71 and a low of $145.20 for the day, while its 52-week range stands between $164.00 and $46.50. The company’s shares traded higher amidst a backdrop of new CPI data and burgeoning AI enthusiasm.
Broadcom Inc. AVGO
Broadcom’s shares ended the day 2.36% higher at $1,495.51, with the stock hitting a high of $1,505.80 and a low of $1,476.40. The 52-week high is $1,505.80 and the low is $795.09. Broadcom reported second-quarter revenue of $12.487 billion and earnings per share of $10.96, both beating analyst estimates. The company generated $4.58 billion in cash from operations and ended the quarter with $9.809 billion in cash and cash equivalents. Broadcom declared a quarterly dividend of $5.25 per share, announced a 10-for-1 forward stock split, and raised its fiscal-year 2024 revenue guidance to approximately $51 billion.
Tesla Inc. TSLA
Tesla saw its stock climb 3.88% to $177.29, with an intraday high of $180.55 and a low of $169.80. The stock’s 52-week high is $299.29, and the low is $138.80. The electric vehicle giant’s CEO, Elon Musk, is currently embroiled in a lawsuit accusing him of insider trading, which has garnered significant media attention.
Photo by Phongphan on Shutterstock
Prepare for the day’s trading with top premarket movers and news by Benzinga.
This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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