Top 5 Trending Stocks Today: NVDA, AMD, AI, ORCL, TSLA

On Monday, significant U.S. stock indices ended the day lower, with the Dow Jones Industrial Average falling by 0.5% to close at 44,401.93. The S&P 500 dipped nearly 0.6%, finishing at 6,052.85, while the tech-heavy Nasdaq also dropped 0.6%, closing at 19,736.69.

Here are the top stocks that caught the attention of retail traders and investors throughout the day.

Nvidia (NVDA)

Nvidia shares decreased by 2.55%, ending the day at $138.81. The stock fluctuated between $139.95 and $137.13 during trading. Over the past year, Nvidia's stock has reached a high of $152.89 and a low of $45.59.

The decline in Nvidia's stock comes after China launched an antitrust investigation related to its deal with Mellanox. The company is facing increased scrutiny across the globe, including investigations into the U.S. AI-chip sector and concerns from the EU regarding its Run:ai offerings. Additional challenges arise from escalating U.S.-China tensions, new semiconductor sanctions, and China's control over key minerals.

Advanced Micro Devices (AMD)

Advanced Micro Devices (AMD) experienced a 5.57% drop, closing at $130.87. The stock's intraday values ranged from a high of $135.77 to a low of $130. Throughout the year, AMD's price has fluctuated, with a high of $227.30 and a low of $121.83.

B of A Securities analyst Vivek Arya has downgraded AMD from a Buy to Neutral, reducing the price target from $180 to $155. On the previous Friday, AMD shares closed at $138.59.

C3.ai Inc. (AI)

C3.ai shares rose by 2.86%, closing the day at $41.68, with intraday prices reaching a high of $42.94 and a low of $40.09. Over the past year, C3.ai has traded between $42.94 and $18.85.

The company reported a second-quarter loss of 6 cents per share, with revenue reaching $94.34 million, which was above expectations. Its subscription revenue grew by 22%, contributing to an overall revenue increase of 29%. C3.ai concluded the quarter with $730.4 million in cash. Additionally, the company is partnering with Microsoft to enhance AI adoption and has projected third-quarter revenues of $95.5 million to $100.5 million, with full-year revenues estimated between $378 million and $398 million.

Oracle (ORCL)

Oracle shares saw a minor decline of 0.65%, closing at $190.45. The stock's trading range for the day was $198.31 at its high and $188.93 at its low. In the last year, Oracle's stock has a high of $198.31 and a low of $99.26.

In the second quarter, Oracle reported a 9% increase in revenue which reached $14.06 billion, though it slightly missed analysts' expectations. Its adjusted earnings per share (EPS) of $1.47 also fell short of forecasts. Notably, cloud revenue surged by 24%, bolstered by increased demand for AI, with GPU usage jumping 336%. The company anticipates its cloud revenue to exceed $25 billion this fiscal year and highlighted its competitive AI capabilities, especially its collaboration with Meta.

Tesla Inc. (TSLA)

Tesla had a slight gain of 0.15%, closing at $389.79. Throughout the day, it fluctuated between a high of $404.80 and a low of $378.01. Tesla's stock has seen a 52-week range with a peak of $404.80 and a low of $138.80.

The surge past $400 in after-hours trading is attributed to analyst optimism and excitement regarding its advancing self-driving technology. Elon Musk teased short-sellers, referencing “Dune's” “Litany Against Fear.” A former skeptic of Tesla sharply raised his price target, while analysts maintain a strong buying consensus. The newly released software version 13.2 received commendations for its performance.

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