Major U.S. indices were mixed at the end of the trading day on Tuesday. The Dow Jones Industrial Average rose 0.35% to 38,467.31, while the S&P 500 inched downwards by 0.06% at 4,924.97. The Nasdaq was deeper in the red, dropping 0.76% to 15,509.90.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Microsoft Corporation (NASDAQ:MSFT)
Microsoft reported a decline of 0.28% in its stock, closing at $408.59 The day saw fluctuations between a high of $413.05 and a low of $406.45. The company’s 52-week range has been between $242.95 and $413.05.
In its second-quarter earnings, Microsoft announced a revenue of $62 billion, an 18% increase year-over-year, surpassing the consensus estimate. Adjusted EPS was $2.93, exceeding expectations. The quarter was marked by the acquisition of Activision Blizzard, now part of Microsoft’s More Personal Computing segment. CEO Satya Nadella emphasized the company’s focus on applying AI at scale.
Advanced Micro Devices, Inc. (NASDAQ:AMD)
Advanced Micro Devices experienced a significant drop of 3.24%, with shares closing at $172.06 on Tuesday. The stock reached an intraday high of $178.48. January saw a 20.6% gain in AMD’s stock, driven by analysts’ optimistic views of the company as a strong AI contender against Nvidia Corp. (NVDA). With high expectations for its fourth-quarter earnings, the market is keen to see if AMD can sustain its momentum.
For Q4, AMD is expected to report revenue of $6.12 billion and non-GAAP EPS of 77 cents. ...