Nvidia, Alibaba, Jumia Technologies, Chipotle, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Tuesday, major U.S. indices showed mixed results. The Dow Jones Industrial Average fell by 0.1% to 39,291.97, while the S&P 500 inched up almost 0.1% to 5,576.98. The Nasdaq saw a slight increase of 0.14%, closing at 18,429.29.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Nvidia Corporation NVDA

Nvidia saw a 2.48% increase, closing at $131.38. The stock’s intraday high was $133.82, with a low of $128.65. Its 52-week high and low are $140.76 and $39.23 respectively. The company is experiencing a surge in demand for AI and data centers, leading to a significant adjustment in its price target from $130 to $180, according to a recent report by KeyBanc Capital Markets analyst John Vinh.

Alibaba Group Holding BABA

Alibaba’s stock rose by 2.99% to close at $75.70. The intraday high and low were $76.06 and $73.97 respectively, with a 52-week range of $102.5 to $66.63. Alibaba, along with other tech giants, is engaged in a price war with China's domestic AI startups, slashing the prices of their latest AI models.

See Also: Tesla’s 9-Day Winning Streak In Question As Nvidia, Apple, Microsoft, And Other Mag 7 Stocks Rise, Foreca

Jumia Technologies AG – ADR JMIA

Jumia’s shares skyrocketed by 29.91%, closing at $10.99. The stock’s intraday high was $11.21, with a low of $8.98. Its 52-week high and low are $11.21 and $2.23 respectively. Benchmark analyst Fawne Jiang initiated coverage on the stock with a Buy rating and a $14 price target, citing Africa’s booming population and the proliferation of smartphones and mobile internet services.

Chipotle Mexican Grill, Inc. CMG

Chipotle’s stock fell by 3.41% to close at $57.48. The intraday high and low were $60.16 and $57.35 respectively, with a 52-week range of $69.26 to $35.37. The company recently executed a stock split, making its shares more accessible to a broader range of investors. However, a study by Wells Fargo analyst Zachary Fadem revealed substantial inconsistencies in Chipotle's portion sizes.

Tesla Inc. TSLA

Tesla’s stock rose by 3.71%, closing at $262.33. The stock’s intraday high was $265.61, with a low of $250.3. Its 52-week high and low are $299.29 and $138.8 respectively. Tesla's share of the EV market in the U.S. has dipped below half for the first time, according to new estimates released by research firm Cox Automotive.

Photo by WHYFRAME on Shutterstock

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal