Wall Street experienced a day of cautious trading as major indices showed little change by midday. Investors eagerly awaited the second-quarter earnings report from NVIDIA, which has been a key player in the recent rally that propelled the S&P 500 to near-record highs.
Even so, U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average up 0.3% at 45,565.23. The S&P 500 added 0.2% to 6,481.40, while the Nasdaq also rose 0.2% to 21,590.14.
These are the top stocks that gained the attention of retail traders and investors through the day:
Nvidia Corporation NVDA
Nvidia’s stock closed at $181.60, reflecting a slight decline of 0.09%. The stock reached an intraday high of $182.49 and a low of $179.10, with a 52-week range between $184.48 and $86.63. In the after-hours trading, the stock slipped 3.1% to $175.90. The company’s second-quarter earnings report highlighted a double beat and a $60 billion share buyback, with CEO Jensen Huang emphasizing the ongoing AI race. Second-quarter revenue was reported at $46.74 billion, a rise of 56% year-over-year, beating the Street consensus estimate of $46.02 billion. Earnings per share came in at $1.05 for the period, which beat the estimates of $1.01.
CrowdStrike Holdings Inc. CRWD
CrowdStrike’s shares rose by 1.20%, closing at $422.61. The stock hit an intraday high of $427.42 and a low of $419.98, with a 52-week high of $517.98 and a low of $242.25. In the after-hours session, the stock slipped 4.2% to $404.70. Despite beating earnings estimates, the company’s soft revenue guidance weighed on its shares. For the period, revenue was reported at $1.17 billion, which beat analyst estimates of $1.15 billion. Snowflake reported second-quarter revenue of $1.14 billion, which came ahead of the $1.09 billion consensus estimate.
Snowflake Inc. SNOW
Snowflake’s stock surged by 3.11%, closing at $200.39. The stock’s intraday high was $202.54, with a low of $196.66. Its 52-week range is between $229.27 and $107.13. The company reported a strong second-quarter performance, driven by continued AI momentum.
CoreWeave Inc. CRWV
CoreWeave’s stock jumped by 6.06%, closing at $96.93. The stock’s intraday high was $97.50, with a low of $92.65. Its 52-week range is between $187 and $33.52. In the after-hours trading, the stock slipped by 1% to $95.96. The company secured a $4 billion AI deal, supporting its expansion plans without issuing debt.
Polestar Automotive Holding UK PLC PSNY
Polestar’s stock soared by 17.12%, closing at $1.30. The stock reached an intraday high of $1.42 and a low of $1.10, with a 52-week high of $1.94 and a low of $0.84. The company’s shares gained traction due to increased trading volume and bullish momentum. The company sold close to 18,049 vehicles in the second quarter, which is an increase of 38% on a year-over-year basis.
Benzinga’s Edge Stock Rankings place Nvidia’s Value score in the 6th percentile. See how it compares to AMD on this measure.
Prepare for the day’s trading with top premarket movers and news by Benzinga.
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
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