Alibaba, Nvidia, Clover Health, Tesla, Wish And More — Stocks WallStreetBets Is Eyeing Today

Alibaba Group Holding Ltd BABA, Nvidia Corporation NVDA, Tesla Inc TSLA, and Clover Health Investments Corp CLOV were the stocks that saw high interest on r/WallStreetBets or WSB at press time in early hours of Friday.

What Happened: S&P SPDR 500 ETF Trust SPY, an exchange-traded fund, was the most discussed name on WSB with 1065 mentions, followed by the Jack Ma-led Alibaba at 408.

See Also: How To Buy Alibaba (BABA) Stock

Nvidia, Tesla, Cloverhealth, and ContextLogic Inc WISH — doing business under the name of Wish.com — attracted 226, 181, 145 and 119 mentions, respectively.

Some other trending names on the Reddit forum included AMC Entertainment Holdings Inc AMC, Amazon.com, Inc AMZN and Corsair Gaming Inc CRSR.

Why It Matters: On Thursday, Alibaba shares fell in tandem with other major Chinese companies such JD.com Inc JS, Baidu, Inc BIDU, Tencent Holdings Ltd TCEHY TCTZF, and Bilibili Inc BILI on fears of a regulatory crackdown. 

See Also: Is Alibaba Stock About To Rebound?

Nvidia shares bounced on Thursday after the chipmaker announced better than expected second-quarter earnings reporting earnings per share of $1.04, which beat estimates of $1.02 per share.

Quarterly revenue is expected at $6.8 billion (plus or minus 2%) compared with the estimated $6.53 billion. 

Multiple analyst firms raised price targets for Nvidia following the release of numbers, some of which include Keybanc, Needham, Barclays, Credit Suisse, and Mizuho.

Tesla was slated to hold its “AI Day” on Thursday an event in which it announced the introduction of the “Tesla Bot” — a humanoid robot whose prototypes are slated for next year. The event’s live blog was carried by Benzinga.

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