Top 5 Trending Stocks: Intel, Adobe, and More

Wall Street experienced a robust recovery on Wednesday as major indices broke a two-day losing streak. The S&P 500 gained 0.5% to end the day at 5,599.30, while the Nasdaq rose by 1.2% to close at 17,648.45. In contrast, the Dow Jones Industrial Average saw a slight decline of 0.2%, finishing at 41,350.93. This rally was bolstered by a cooler-than-expected inflation report, igniting expectations for monetary easing. Traders are now anticipating three Federal Reserve rate cuts in 2025.

Several stocks drew significant interest from retail traders and investors throughout the day:

Intel Corp. (INTC)

Shares of Intel Corp. (INTC) increased by 4.55%, closing at $20.68, with an intraday high of $21.17 and a low of $20.21. The stock has a 52-week range of $18.51 to $45.41. After hours, Intel's stock surged nearly 11%. This increase followed the announcement of a new CEO, Lip-Bu Tan, who is a former board member. His appointment will take effect on March 18.

D-Wave Quantum Inc. (QBTS)

D-Wave Quantum (QBTS) saw its shares soar 8.18%, closing at $5.82, with an intraday high of $6.39 and a low of $5.34. The stock’s 52-week range is $0.75 to $11.41. In after-hours trading, shares rose by 3.4% following a significant achievement in quantum computing. D-Wave’s Advantage2 quantum computer was reported to outperform classical supercomputers in simulating magnetic materials, marking a milestone in demonstrating quantum supremacy.

Adobe Inc. (ADBE)

Adobe Inc. (ADBE) shares increased by 1.14%, closing at $438.60 after reaching an intraday high of $443.90 and a low of $435.50. The stock's 52-week range is between $403.75 and $587.75. However, following the announcement of first-quarter results that beat expectations on revenue and earnings per share, shares fell by 4% in after-hours trading. For the quarter, revenue was reported at $5.71 billion, exceeding the estimate of $5.66 billion, while adjusted earnings reached $5.08 per share, surpassing analyst predictions of $4.97.

Nvidia Corp. (NVDA)

Nvidia Corp. (NVDA) shares climbed by 6.43% to finish at $115.74, peaking at $116.76 and dipping to a low of $112.88 during the day. The stock has a 52-week range from $75.61 to $153.13. Nvidia is in discussions with Advanced Micro Devices and Broadcom regarding a joint venture involving the operations of Intel Corp.'s factories, potentially indicating future collaborations in semiconductor manufacturing.

Tesla Inc. (TSLA)

Tesla Inc. (TSLA) shares jumped by 7.59%, closing at $248.09 after reaching an intraday high of $251.84 and a low of $241.10. The stock's 52-week range is $138.80 to $488.54. Although Tesla's new U.S. registrations fell by 11% in January 2025, rival companies posted a significant 44% increase in registrations.

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