UAL - Nvidia Boeing Ardelyx Crocs Tesla: Why These 5 Stocks Are On Investors' Radars Today | Benzinga
On Monday, U.S. indices ended the trading day in the green with the Nasdaq gaining 2.2% to 14,843.77. The S&P 500 rose 1.14% to 4,763.54 while the Dow Jones index appreciated nearly 0.6% to 37,683.01.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Nvidia Corp (NASDAQ:NVDA) saw a notable increase of 7.34% in its stock value. Despite facing challenges due to U.S. regulations barring high-performance AI chip sales to China, Nvidia is adapting with a new lineup of lower-powered AI chips.
These regulatory challenges have led to a shift in demand from major Chinese cloud companies, such as Alibaba Group Holding Limited (NYSE:BABA) and Tencent Holding Ltd (OTC:TCEHY), who are now looking to reduce their reliance on Nvidia’s products. This shift is partly due to the growing interest in local alternatives and in-house developments by companies like Baidu Inc (NASDAQ:BIDU) and ByteDance, turning towards domestic producers like Huawei Technologies. Despite these challenges, Nvidia’s CEO Jensen Huang remains committed to competing in the Chinese market, with plans to mass-produce a new AI chip, the H20, specifically designed for China in compliance with U.S. export regulations.
Boeing Co (NYSE:BA) experienced a significant drop of 7.83% in its share price following an incident involving a section of fuselage blowing out on an Alaska Airlines (NYSE:ALK) flight. This event led to a temporary grounding of the 737 Max 9 jets and an emergency landing, though no serious injuries were reported.
The incident has raised concerns about Boeing’s reputation, especially given the history of the Max-family of jets. In response, global air safety regulators, including the FAA and NTSB in the U.S., have ordered immediate safety inspections. This development has affected not only Boeing but also airlines operating the 737 Max 9, such as United Airlines Holdings Inc (NASDAQ:UAL) and Copa Holdings ...